Real Estate January 23, 2009 6:00 PM

First Unit Closes at Waterfront Place Tower

First Unit Closes at Waterfront Place Tower

Ellicott Development has handed over keys to a purchaser at The Pasquale.  Catherine Carbone closed on a fifth floor unit today.  Carbone paid $400,051.43 for the residence according to County Clerk records.  The $30+ million Waterfront Place development includes a 13-story condominium tower with 49 units, 14 three-story townhomes and a central park area.

Site Master Plan.jpg

Suites in the mid-rise tower start at $295,000 and top out at $1 million+ for a penthouse.  Residences range from 1,342 square feet for a one-bedroom unit to over 3,000 square feet in the two penthouse units.

Each residence includes 10 to 12' ceilings, gourmet kitchens with custom cabinets and granite countertops, hardwood and ceramic tile flooring, whirlpool tub and steam shower in master bathroom suites, and one or more balconies. Several units on the upper floors have rooftop terraces.

Units include dedicated parking spaces in a two-level enclosed garage and a separate storage unit in the building's parking levels.

Four of the town homes have been completed.  Ellicott plans to lower the rooflines and scale back the size and price of future town home units.  Plans for a second tower on the site were recently placed on hold due to a slowing real estate market. 

Get Connected: Chris Martoche, Ellicott Development, 716.854.0060 or 716.570.2399 (cell)

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Entry Image: November 2008.


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There is a unit for lease at Waterfront Place, where buyers only recently started closing on their units.  The two-bedroom, two-bath unit is available for $2200/month.  On the sales side, Ellicott Development has contracts out on 29 of the 48... Read More

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Im curious to know in what township Catherine Carbone lived previously

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All tax free for years. Probably one of the main reasons the Governor is all for getting rid of the Empire zone credits. After construction is completed what jobs were created here, a few maid and janitor positions?

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better than the grassy knoll that was there before

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Uglier than the grassy knoll that was there before.

replied to wnywatercooler
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Huge congratulations to Carl Paladino and to Ms Carbone! It's a great addition to Buffalo and while we can quibble about the details, it's wonderful to see the waterfront come alive!

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When was the last time you ever saw something living in this section of the waterfront. The parts of the waterfront that come alive are the public spaces like LaSalle Park and the Harbor Canal project I'm pretty sure its not a lot of waterfront condo people I'm seeing there.

replied to sonyactivision
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@Websnark, Point taken but empty shovel-ready lots look and feel more lively when they are replaced with multi-story residential towers. The critical mass needed to create a truly lively community at the waterfront is a few more towers away, but be glad that Paladino has gotten the ball rolling here. I just wish he could team up with some serious money to get the Greystone going...

replied to Websnark
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Why do we care what the owner's name is? Are we trying to scare potential new city property owners from buying by publicizing everything we can find out about them?

I guess the question is, who is benefiting from the Empire Zone designation here? The developer/builder or the eventual owner? Is this unit cheaper because of it? I don't get how the Empire Zone works for a project that gets sold off privately piece by piece.

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Don't worry, Gov. Paterson is considering eliminating Empire Zones altogether.

replied to phrank
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Unfortunately the legislature probably won't go along with Paterson about that. Good for Paterson though for at least proposing a phased elimination.

replied to sonyactivision
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Not sure what the empire zone benifit works out to be but subsidies for this type of project are normal even if this type of thing was to be built in amherst. Im sure the tax breaks would pale in comparison to the added public cost of instaling all of the needed infastructure that is required for suburban development. In the burbs the public pays for utility instalation, roads sewer etc. that would be needed for new development. Thats one of the reason taxes out there are out of control. This project like most city projects uses existing infastructure so there is no need for added govenment expence. Im not delighted that funds intended for job creation were used to build fancy condos but this one is a winner for all concerned.

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If Buffalo is supposed to be famous for it's architecture, then this building is a step backward. Ya, I am being hard, but this was prime limited real estate and the city should have been harder on Palidino to come up with something better, especially since tax breaks were given. Anyone who likes this building has not driven on the QEW in Toronto in the last 5 years which, sadly, speaks for about 90% of Buffalonians.

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Why is it sad if someone hasn't driven on the QEW in Toronto? Just curious.

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Maybe because the QEW doesn't have a bike lane or adequate bike racks, therefore a sad situation that makes it impossible for people without cars that like to bike everywhere to get to Toronto?
I was confused, too, that would be my best guess based on what I read on this site.
And, btw, I miss Gaustad, too.

replied to Colin
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This building looks like a truncated carpenter's level with a poorly-placed site glass.

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Colin, Buffalo is in competition with other cities. How can we compete if we don't know what other cities are doing. Granted, surfing the web has brought us closer, but it can't replace actually living with the competition. It is my belief, that Buffalo needs outside eyes if it is going to get out of its own way.

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Wow, Sorry for the confusion(I am in my own world today). The drive on the QEW as you enter Toronto is very impressive. I was just saying there is no comparison between and drive on the QEW vs 190 and I am not talking quantity but quality of the condos on the water front. For the millions in tax breaks, Palidino should have spent a bit more on the project and given those entering Buffalo on the 190 something to marvel over. It's not like the project was creating permanent jobs for the city and therefore, had to cater to his demands. Given the limited amount of water front real estate, the city should have held out for more and been willing to wait for the right project to come. Atlas, we are about to make the same mistake again with Wingate hotel proposal. Now I am going back to sleep, peace.

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Magnum, you may call the view of Toronto's waterfront 'impressive', but the quality and quantity of Toronto's hulking condos have been lamented by Torontonians repeatedly. Indeed, these gigantic structures nestled closely one to the other obscure views of their waterfront and the results have been one reason that many in the city want their building codes changed so that they don't have more of these colossal mistakes on the water.


replied to Magnum
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You guys have short memories. The architectural 'wow factor'in those new Toronto condo towers is new to that city. I remember all the ugly cookie-cutter slabs that got thrown up in the seventies and eighties, none of which looked as good as The Pasquale. Money, global pied-a-terre customers and T.O.'s competition with Vancouver has finally created the market for good or even teriffic architecture there. Buffalo is a ways down from that place but you're right, we can and should leapfrog Toronto because we have a better catalog from which to draw inspiration, and let's face it, Buffalo has always been more intense that Toronto.

replied to Magnum
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I do not know if the tax breaks were "given" to Palladino or he took advantage of the stupidity of our elected officials who did not recognize the waterfront is a diamond in the rough. So in Buffalo we are subsidizing housing for the upper middle incomes, the middle incomes in the Marine Towers, the poor on the east side of Lasalle Park and the railroad tracks and at the same time every foolish councilman is saying that Buffalo needs a bigger tax base. The council and Mayor have given away the land with the most tax potential and then cried and blamed the state and everyone else for the tax exempt properties elsewhere in the city. Where is the common sense? I do not think that there is one councilperson or other elected official who could articulate a policy that combines public use and public benefit in the form of tax base.
By the way I am glad that the waterfront development was created over existing infrastructure like roads, water and sewer lines etc that did not cost the taxpayer anything. The governor is right on something, reform the empire zone program.

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Paul,if we only had their problems.

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Magnum, the last thing Buffalo needs is another round of architectural errors.

replied to Magnum
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As a former resident of Toronto, I have to say that the drive on the QEW into downtown is one of the most discouraging things about that city.

Toronto has severed its waterfront from the city by hastily building featureless, cheap condos. It has made TO one of the ugliest cities in North America. Buffalo should not look to Toronto for design inspiration unless it wants long lessons in mediocrity.

And what does going to Toronto have to do with anything? You can be a cultivated, well read and sensitive person without ever setting foot in that overrated, self-conscious agglomeration.

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