Real Estate May 29, 2009 12:01 AM

Historic Larkin District Property Sold

Historic Larkin District Property Sold

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.

DSC_0036.jpg

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.

Get Connected: CityView Development, 716.856.8400


View image

Comments

Leave a comment

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.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Suburban folks won't be drivin down to the east side to shop at chain stores that they already have at the Galleria, McKinley, Boulevard, Eastern Hills, Malls. I think housing for those working in Larkin might not be a bad idea. No matter how you spin it...it's the east side. People live in the burbs to be as far away from the east side as possible.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

I live near this area and I love it. It's nice and quiet! When I go out to the suburbs I can't wait to get back. The security at the Larkin At Exchange has made this neighborhood much safer. Thanks to Howard Zemsky and his partners for all they have done. I like this area because it is as far away from the burbs as possible.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

I don't believe that the Larkin District is considered the East Side. When I think of East Side, I think more of Genesee St., Walden & Baily etc...You can't compare the Larkin District to those areas, that is two different worlds. But most people who live in the burbs think that anything past Transit Rd. is the city.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Also to mojave...It does come down to perception. I am not trying to say that it is a bad neighborhood to live in, but you reinforce my point that to suburbanites, it is the east side. My point is that it would be a good place to live, but that chain stores (Gap, Urban Outfitters, etc. as suggested by brownteeth) would not draw people from the suburbs to the neighborhood. I think residents will help create a better neighborhood in this area than chain retail. If chain retail would be successful, it would be by the patronage of those like mojave, who could now find those stores locally rather than having to venture out to the burbs.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Spilled Milk - being from the area I agree with you 100% about the chains not doing well. Most people in my area of the city (South Buffalo) would go to a locally owned pace 9 times out of 10 because it supports local people not "The Machine". I think that in the Larkin District as well you will find much of the same thoughts and that the people would be more likely to visit businesses owned by people from the area trying to make a go of it.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

This is interesting: "...anything past Transit Rd. is the city." Transit Road??? Do you actually live well east of Transit Road?
.
Or, do you actually live on the south side of the same Buffalo that is in New York State, and that is attached to the east side?
.
Anyone in south Buffalo, NY is a part of and should be aware by now of what is happening between the attached rings and the city!
.
Besides that, who hasn't yet come to realize that none of us are any longer free to be in two different worlds--(excepting the very wealthy, that is?)

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Crisa - I grew up outside of the city in the suburbs and a lot of people actually did and still do consider anything past Transit Rd. coming from the east, the city. They will not go past Transit Rd. if they don't absolutely have to because the news scares them. My parents are those people as well. I have lived in South Buffalo for 3 years and they have been to my house 3 times because they are afraid of what they hear on TV. And I live in a very good area of South Buffalo with a tight knit community that doesn't tolerate the deterioration caused by people who have no respect for themselves or others. Yet my parents are still scared to drive to the city because "They'll shoot your for your shoes in the city" LOL. I think if the media focused on some positive things once in a while that "the city" wouldn't scare people.

I know that the East Side borders South Buffalo, there is no arguing that. I wasn't sure where the boundry was toward the Larkin District with the East Side. I am not looking to argue the fact as I was unsure.

Thanks! :)

replied to Crisa
Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Thank you for answering me. WOW! I know that people are still afraid to go into the city (except for the growing multitude of suburban drug addicts/dealers), but I would think the present-day fear-factor would kick in at about Harlem Rd.!!!

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

An ex of mine was from just east of Batavia and I remember one of the first nice summer days we were driving down Amherst from Main on our way to the Zoo I think and we had the windows down. A ton of people were out on their front porches hanging out getting the winter stink off and I notice she's reaching to roll up the window and look and see she's freaking out. That's when I found out she was scared of black people- even though 2/3 of her music was rap. I told her. "Don't roll up the window..... that's how they know you're scared." I mean it was Amherst St.!!!!

replied to Crisa
Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Were those the days before AC in cars was a given? Its a big city to ride through with all the windows rolled up!!!
.
One thing I remember was in the 1960s, when school-aged youths on public buses were creating so much fear.
.
So priests rode those same buses, got to talking with those kids and had a fearless time listening to those kids expressing how much fun they were having spreading terror!!!...

replied to Averoes
Score: 0 ( 0 votes ) Vote up Vote down Report this comment

I highly recommend reading Chris Hawley's hydraulics blog. He has a lot of neat history about this amazing part of the city! I love the ParFoam building and the old service station. Something similar to the distillery district of Toronto (smaller scale) would be exciting. However we should try to encourage Howard Zemsky to lease space to locals. Forget the above named gap, old navy and such altogether. Why would suburbanites come to "this location" when they already have easy access to that kind of retail? It might be a great location for that old bicycle museum, if some one with some money would buy it and keep it in Buffalo. Hint. Hint.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Gentrifying this area will take some time. You'd need to encourage young creatives looking cheap housing. Similar to the Artspace lofts on main. Plus there needs to be more development that connects this corridor to downtown. Another great option is shared office space for new or small growing companies. This exists in this area already. It would be really great to utilize all the old warehouses to make a Silicon Alley in Buffalo.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Its an incredible building! I cant wait for them to do something with it...and with the other buildings that they are proposing to build.

Also, the Seneca Industrial Center was also a Larkin Factory building and it looks terrible. It has a great exterior! Why they wont do something to make that building more inviting?

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

As far as the Larkin District being better connected, I would like to remind everyone that the Larkin District is on the Light Rail Corridor to the Airport and Central Terminal.

The Larkin District is also only a few blocks away from ECC Downtown Campus (assuming its 9-12 block campus ends at Michigan Street)....so there is the perfect bridge to downtown.

The Larkin District is almost perfectly situation in the middle:
along the beltway (light rail extension route)
between downtown/ECC and the Central Terminal
between the Campus for Life Sciences and the First Ward/Inner/Outer Harbor.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

I applaud the foresight and energy these guys have put into this neighborhood. They have brought the kind of leadership to Buffalo that has been lacking for too long....But.....I am sad that they did not plan that parking deck with a better street frontage. It would have been so easy to slip in some townhouses and or retail along that short strip. They need to rethink that as they plan forward!

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Just to clarify Spilled Milk, I wasn't neccessarly suggesting this particular property for a mall, just the idea of a warehouse converted to one. It would also keep those of us living downtown shopping downtown for things we can't get such as clothes. Just an idea.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

These pics are a nice view of roofs that appear to be in good condition (This statement reflects my thoughts and concerns about building ownerships in a different topic).
.
Also, here is a different view from one expressed above of where suburbanites AND city people prefer to shop. People want value for the price paid. High overhead means higher price paid, NOT necessarily better value, therefore:
.
A building like the one in this topic could be ideal as an "urban mall of sorts" if the overhead were not as seriously bad as the malls--heck, how often does the public know what oversized mall store owners' problems are or how many would like to be able to leave?
.
This building could be something chain store owners AND suburban AND city shoppers might be looking for inorder to escape the too high overhead in malls; prices today are way to high in an economy that now requires lower cost leverage in order to continue to function--and I do not mean just shopping in or owning stores either.
.
ALSO: Who shops at a mall and goes into every store? No one. Most shoppers head for a preferred store or two. That is why the most shopped-at anchor stores in malls are so far apart--but we all know that!
.
Mall owners expect shoppers will be tempted into the ego-crutching stores most shoppers don't even go into except once to check the unusual eye-catching effects for the heck of it--and only once.
.
What malls have become are great places to spend a day hiking but not necessarily shopping.
.
And in reference to the east side of Buffalo, there's lots of space now...
.
Speaking of ego-crutching purchases: See those awfully ugly boxy cars on the road lately? What ever happened to the theory of aerodynamics being easier on the car and cheaper on the fuel costs being more important than showing off being able to pay too much no matter how bad it looks???

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Imagine if the current Larkin Building had retail on a couple floors with restaurants? It would be something different than the typical loft/office conversion of warehouses. Which is fine too we just need to diversify and give people more reasons to come downtown other than Hockey and drinking (which is not a bad thing neccesarily). It just needs to appeal more to the masses. I agree too that the expensive overhead of Malls is keeping prices high.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Not to get too off topic, but Queencity mentioned light rail to the airport. Maybe I've been out of it, but when is THIS happening?

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

That's what I'd like to know.

replied to tudorguy
Score: 0 ( 0 votes ) Vote up Vote down Report this comment

I am not sure this area is the East Side as well. I would consider it more of a "First Ward" location. Although I do not consider the location to be a part of either.

The reality is the "East Side" for most people in Buffalo is East of Main or any place with lots of poor people.

I would hope the Larkin District takes root and not the Hydraulics District. Just has a better ring to it IMO.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Well this IS the East Side... just like the Elmwood Village IS the west side...


the difference is that the Larkin district is a neighborhood name while 'side' is more of a generalization.


There are good and bad parts to each side. The new for 30 years has scared everyone of anything with East in it by using this term to blanket everything.


See my rant about it here http://www.buffalorising.com/2009/05/our-world-boutique---a-20-year-comeback.html

Score: 0 ( 0 votes ) Vote up Vote down Report this comment


There is no end to the amazing fear struck and idiotic misperceptions that exist out in Buffalo's suburbs about the city. One of the suburbanite’s favorite topics is the Buffalo schools. Certainly, the city school system is fair game for plenty of criticism. However, when you bring up City Honors, many suburbanites seem to believe that the accolades and awards that City Honors has accumulated can't be true. "How can it be better than Williamsville North?" I dunno, maybe Newsweek's rating of City Honors as the 6th best high school in the country a few years ago was all a myth.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Great looking structure, nice to see the area coming back to life. Would be nice to one day see downtown completely connect via vibrant and growing employment center district to the central terminal through developments in the corridor such as this.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

jstaubinger... I don't think that they don't think it is good but I have run into people that feel it is unfair that their children from the suburbs can't go to it. That its unfair the best school is mainly for city residents.


of course you turn the question around and you ask them to open up their schools to our kids... and they completely flip flop on the issue.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Wow, looks like Buffalo doesn't miss a beat! This will be an exciting project, for sure. Stay tuned for more info from Larkin Development in the near future.

In reference to the geography of the neighborhood: the Hydraulics was founded in 1827, long before the terms "South Buffalo" and the "East Side" came into a the local lexicon. It was simply "the Hydraulics." But the argument about whether it is South Buffalo or East Buffalo goes back to time immemorial, and largely depended on whether you were one of the Polish or Irish residents of the district. The term does not conflict with the Larkin District, which was used to describe the more specific area in the Hydraulics where the Larkin warehouse and factory buildings were located, dating back to the 1920s. But in respect to historical fact, it isn't a matter of whether one name will catch and another not. Both names have been around for quite some time!

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Thanks for the insight Chris! I read your blog...good stuff! Keep up the good work!

replied to chris_hawley
Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Neighborhoods like the Hydraulics and Black Rock are pretty much unknown to most residents of WNY. The perception of these places as "bad neighborhoods" is not at all accurate. Buffalo is made up of many small pocket neighborhoods that are relatively stable and safe. These pockets can be as small as a few blocks where the neighbors stick together and watch out for each other. Most crime in the city is between fellow criminals and it is necessary to read between the lines to understand what really is going on. Our neighborhood paper prints the police blotter each week with details of each arrest. Most "victims" are connected to the perpetrator and few crimes are random. Every week a couple of suburbanites are arrested for seeking drugs, prostitutes, or fighting. My favorite is when young suburban boys are "robbed" at 2am or 4am while frequenting areas known for drug sales. I have lived here in Black Rock for over 50 years and have yet to be the victim of any serious crime. I am sure there are many residents of the Hydraulics that can say the same.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Maybe this will get its own article soon, but it was announced today that after many delays Buffalo finally joined other cities in posting crime reports online. It looks like it can be viewed at the neighborhood level or even the block level.

http://www.crimereports.com/map?search=Buffalo%2C+NY

replied to Blackrocklifer
Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Thanks for the link, glad to see this moving forward. Citizens have a right to know and maybe this will encourage city residents to demand more regional resources be allotted to provide the same level of police protection that most of our neighbors take for granted.

replied to whatever
Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Thanks, whatever - this site is cool (if not a little depressing). I wish they would give more details, but I'll take what I can get!

replied to whatever
Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Even the larkin district has three smaller communities little hollywood, roseville and the area around the church on the north side. The names are new \ old \ useless but certainly each of these areas are interesting and unique and from my experience walking through them a couple times, quite stable.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment


Just out of curiosity, where does the Valley begin in relation to the Larkin/Hydraulics are and is the Valley considered Eastside or Southside?

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

The Valley begins south of the historical location of the Lehigh Valley RR corridor, roughly where the I-190 segments the Hydraulics from the Valley.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

The interesting thing about the Larkin District is that it fits perfectly with the urban growth developing in other cities.

In other cities there is the core downtown and then there are mini-cities and town centers surrounding downtown in a kind of hub and spoke system.

If you look at Elmwood, Hertel, UB South Campus, Broadway/Fillmore and Larkin District you have a sort of urban hub and spoke system. However, what is missing? Niagara Street, Black Rock, Riverside, Masten, Humboldt Park, Genessee, Broadway, South Park, Abbott, Seneca, Route5...but these other areas will not come back unless jobs come back to their communities...and that means an urban office park or another center for excellence or a small business incubator for a local college....or a college like Medaille relocating their campus (is there anywhere on the eastside or southside where we can give Medaille a good deal on 6-12 city blocks.)

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

At some stage, the employees within those larkin District behemoths will want nice places nearby to eat and do a little light shopping. It's not so farfetched that this smaller structure could house some nice ground floor cafes and the like. Above them, there would be ample space for studios. As Buffalo plants its cultural flag on the american landscape, there will be a demand for studio space.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

...speaking of school-aged youths:
.
I think it is true that anyone can send their child to any out-of-district school by paying a form of enrollment fee/tuition, and believe it or not, many suburban parents do send their kids to the city schools that way.
.
If that fee/tuition stuff isn't allowed in some schools, unless the parents are so wealthy that their kids can escape the consequences, who would want to send their child into exclusiveness and then expect them to fend for themselves as adults in the real world?
.
Do suburban parents STILL believe that junior and little missy were forced into the city in the wee small hours?!
.
Thanks to major changes in basic education begun in the late 1970s, this new century and this new millennium have so very many great little kids of ALL colors coming along.

Score: 0 ( 0 votes ) Vote up Vote down Report this comment

Leave a comment

Buffalo Rising Poll