By James FinkBuffalo Business First ReporterBusiness First ArticleEllicott Development Co. has added to its growing real estate portfolio by acquiring its first-ever property in Port Jervis.William Paladino, Ellicott Development CEO, confirmed his company has purchased the vacant, Pike Street Plaza, buying it at a foreclosure sale from the Bank of Dominion. Ellicott paid $1.68 million for the 80,000-square-foot plaza.The plaza’s former owners, an out-of-state ...
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Marketing S. Tier hospitality to out-of-state gas drillers
David BertolaBuffalo Business First ReporterBusiness First ArticleShanell Kiersz, corporate sales and marketing manager for Ellicott Hospitality, has been marketing to out-of-towners who drill natural gas across the border in Pennsylvania. At the end of the day, when they hit the sheets, she’d prefer those sheets are on beds at the company’s Wingate by Wyndham hotel in Ellicottville.Meanwhile, Christine Sweitzer, general manager of Country Inn and Suites by Carlson in ...
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Construction set for Wyndham hotel in Amherst
By James FinkBuffalo Business First ReporterBusiness First ArticleWith site work nearly complete on Ellicott Development’s latest project, foundation work and full construction are expected to start within the next few days.That’s the word from the project’s general contractor, Elma-based Concept Construction Corp.Ellicott Development retained Concept to build the $28 million Main Street project in Amherst, on the site of the former Stereo Advantage store. The ...
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William Paladino Like Father – Like Son
By John ThomasThe Village Staff WriterarticleFor Bill Paladino it seemed a natural fit to follow in his fathers footsteps. His father Carl Paladino, lifelong Buffalo resident and champion started his development company in 1973. Young Bill started working for his dad when he was 16, doing construction and maintenance. But the world he was exposed to, was much more than repair and upkeep. “I was grew up around the culture and business of development. I didn’t know anything else ...
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Graystone shows merits of a flawed IDA policy
By Brian MeyerNews Staff ReporterArticleSometimes, something good can come out of something flawed. That’s what happened last week when the Erie County Industrial Development Agency once again tapped into its controversial “adaptive reuse” policy to grant nearly $213,000 in sales and mortgage tax breaks to developer Carl P. Paladino for his $5.3 million project to turn the crumbling Graystone Building in Buffalo into 42 apartments.In most cases, alarm bells would be ...
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Wyndham to open hotel in Amherst
By James FinkBuffalo Business First ReporterBusiness First ArticleThe first hotel to carry the Wyndham flag is slated to open next year on the former Stereo Advantage site in Amherst.William Paladino, Ellicott Development Co. chief executive officer, confirmed his company has signed a long-term deal to bring a 120-room Wyndham Garden Hotel & Suites to the $28 million project currently under development at the corner of Main Street and S. Forest Road. The hotel is due to ...
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Graystone incentives OK’d by ECIDA
By James FinkBuffalo Business First ReporterBusiness FirstThe developers of the historic, but long-vacant Graystone Apartments in Buffalo received a financial boost to their plans to bring the building back to life.The Erie County Industrial Development Agency’s board of directors approved the incentive package sought by the 5182 Group LLC, an affiliate of Ellicott Development Co., that the company says helps make the $5.2 million project financially viable.The ...
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