Article via Buffalo Rising
Ellicott Development bought three city sites yesterday, all of them in areas that have seen increased developer interest. Total purchase cost: $8.3 million.
Ellicott’s 1238 Group paid $2.375 million for 1294-1300 Niagara Street (entry image), Northwest Community Health Center’s location and adjacent parcels. The purchase included the two-story, 42,351 sq.ft. building plus parking lots on the east side of Niagara Street at 1295 Niagara and 140 Gelston Street. The properties are located along a stretch of Niagara that has seen a number of recently-completed and proposed reuse projects and has been called “hotter than Main Street.” Erie Niagara Benefit Public Funding Corp. was the seller.
Just south of the Millard Fillmore Gates Circle redevelopment site, Ellicott picked up 1255 and 1263 Delaware Avenue and a vacant parcel at 550 Linwood Avenue for $4.6 million. 1263 Delaware is a four-story office building built in 1968 with 43,504 sq.ft. of space (above). The adjacent 1255 Delaware (below) is a two-story, 6,596 sq.ft. mansion that has been converted to offices. Both are occupied by BryLin Hospitals Inc. and were sold by Psyrus 1 LLC.
And finally, Ellicott purchased 222 Chicago Street for $1.325 million. The Kellner Brothers complex contains 45,000 sq.ft. in a mix of old and newer buildings. It is located behind the Seneca Buffalo Creek Casino, across from the Lofts @ Elk Terminal, and just east of Ellicott’s The Fairmont mixed-use project.
