Howard Zemsky, a CityView Properties partner, added a gem to his real estate portfolio yesterday. The developer purchased a vacant, three-story industrial building on Van Rensselaer Street behind the mammoth Larkin at Exchange office building. Zemsky's Larkin Development LLC paid $481,000 for the 66,000 sq.ft. factory building, an adjacent former service station, and two parking lots. The acquisition adds to Zemsky's and CityView's growing holdings in the emerging neighborhood.

239 Van Rensselaer was recently occupied by Par Foam Products. The manufacturer of gaskets, seals and foam products shut down after being purchased by a Massachusetts company late last year. Once employing close to 200, it was down to 52 employees when it was acquired by Rogers Foam Corp. Chris Hawley has building details and interior photos on The Hydraulics blog:
Larkin Building U, constructed in the early 1890s, is a classic industrial loft building constructed in the Romanesque Revival style. At three stories, the structure is a combination of brick masonry, cast iron columns and wood floors held up by thick wooden support beams. Large windows, including a series of fabulous arched windows at its Van Rensselaer Street frontage, flood much of the building with natural light. Tall ceilings create a fantastic sense of openness and space common to this building type.
CityView raised eyebrows in 2002 when the developer purchased the circa-1912 Larkin Co. warehouse at the corner of Van Rensselaer and Exchange streets after being vacated by Graphic Controls. Over the next two years, the firm spent over $12 million transforming the 10-story, 600,000 sq.ft. building into a multi-tenant office facility. The investment paid off as the building is now nearly full and hosts 1800 employees on a daily basis. The company has ambitious plans for additional office, retail and residential space in the neighborhood and is currently renovating the Genesee Block downtown.
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I think it would be cool if someone took building like this and cnverted it into an urban mall of sorts. Mix it with chain retail like gap, old navy, urban outfitters etc along with local retail ie elmwood shops and make it a downtown destination for shopping but in a unique Buffalo setting. Bring the suburbanites downtown. Even this location wouldn't be bad considering the 2000 people working next door everyday.