Sometimes, having no plan yields pretty good outcomes. That’s what happened when Ellicott Development founder and chairman, Carl Paladino, along with his investment partner Victor Liberatore, made the unplanned decision to bid $2.17 million and buy 54,544 square feet of waterfront property. The gentlemen bid highest and now own a large chunk of land by the water.
This land is located next RiverWorks, an entertainment destination near the waterfront. RiverWorks offers activities like boating, sports, and music. RiverWorks is well known for its two outdoor ice rinks and grain silos which will be turned into the RiverWorks’ brewery. This exciting site draws in all kinds of people and will make great neighbors for any type of establishment Ellicott Development creates at 201 Ganson Street. Whether it is residences, commercial space, or a supplemental entertainment spot, Ellicott Development will do a great job at building upon the ready-to-go buildings already on the property.
Though everyone involved is enthusiastic about the new 13-acre purchase, they are remaining patient and will not be rushing into major decisions anytime soon. CEO of Ellicott Development, William Paladino, has spoken about his excitement towards RiverWorks and the Ganson Street property. “The ultimate use for this property is something that will have to be decided in the future,” he has stated. “We’re under no urgency to do anything with it.”
