Via Buffalo Rising
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Ellicott Development bought two city properties last Friday. A gas station at 1395 Delaware Avenue and a vacant building at 173 Elm Street were purchased for $1.025 million and $325,000 respectively. Both are located in areas that are seeing significant developer interest and investment.
The gas station is located at the southeast corner of Delaware and W. Delevan avenues and is on a .33 acre lot. Christopher Polino was the seller. The property is a block north of Gates Circle where a veterinary school at the former Millard Fillmore Gates Circle hospital and a condominium tower by Uniland Development are planned.
Closer to downtown, Ellicott purchased 173 Elm Street along with vacant lots at 474 and 492 Michigan. Seller Bear Den Properties had planned a mixed-use development for the site after purchasing the properties in September 2008. The 13,824 sq.ft., four-story building on Elm had previously been owned by Mudpies Children’s Museum and was the long-time home of the Erie Canal-era Jansen Bros. Harness Shop.
A number of new developments are planned or underway along Elm Street including the rehab of the Gutman Building at S. Division and Elm by Roger Trettel, Jake Schneider’s Apartments at The Hub on Swan Street, the planned renovation of the E.M. Hager and Sons Co. building at 141 Elm by TM Montate Development, and the new Catholic Health administrative center at Elm and Genesee streets being built by Uniland Development.
William Paladino, Ellicott Development president and CEO, says both are “future development sites.” In the short-term, Paladino says the company is considering converting the Delaware Avenue location into one of its Trading Company gas station and convenience store facilities.
