Real Estate October 31, 2009 3:30 PM

Paladino Gets Prime Symphony Circle Site

WCPerspective 25

The former Grace Manor Nursing Home has a new owner. Ellicott Development's Carl Paladino was the high bidder at today's auction according to The Buffalo News. Paladino got the property for $1.6 million, outbidding three other potential buyers.

Grace Manor is located at 10 Symphony Circle. The facility is approximately 81,200 sq.ft. on 2.14 acres and has a 167 patient capacity. Marketing material prepared by auctioneer Cash Cunningham described the site as ideal for student housing, a hotel, residential or assisted living. It is unknown what Paladino has in mind for the property.

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25 Comments Leave a comment

sonyactivision

October 31, 2009 3:39 PM

Might I suggest a wrecking ball for this crap to His Loveliness?

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Lego1981

October 31, 2009 4:05 PM

This could make for some pretty nice office or living spaces.

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STEEL

October 31, 2009 4:12 PM

Wow, that is basically free

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300miles

October 31, 2009 4:20 PM

so should we now expect a typical Paladino renovation? Letting it rot until the rood collapses?

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hamp

October 31, 2009 4:31 PM

Not another Rite Aid, please.

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sonyactivision

October 31, 2009 4:37 PM

4 and 5 story tony townhouses baby! You know you want it Carl!

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benfranklin

October 31, 2009 5:19 PM

The building has a considerable kitchen. Paladino bought some of the more sizeable pieces that would be difficult to bring in. A bit surprising, but I think you could surmise that whatever the use, it has some component of prepared food. The building is in remarkably good condition.

By the way, don't let the news fool you... he purchased the first lot as well through a different individual/bidder number.

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Jas

October 31, 2009 5:52 PM

$1.6 million....that could go a long way into stabilizing the Greystone!

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al labruna

October 31, 2009 7:34 PM

cmon, Family Dollar!

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O'Brien

October 31, 2009 10:13 PM

I am glad this building was sold before it decayed, I think that it will make a nice mixed use condos / rentals and hotel.

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Christine

November 1, 2009 12:39 AM

Of course this is Palladino so dont look for anything suprising.

It would be wonderful if he did something to the exterior that blended it more with the surrounding Symphony Circle.

For modern, how about changing the front facing Symphony Circle with a curving glass facade that bends with the circle.

Or perhaps something more period.

The building has great protential and he certainly got it for a great price...so why not do something to the exterior.

but then again...Palladino has not gotten around to the Graystone so who knows what he is thinking and what his priorities are...

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Pegger

November 1, 2009 12:54 AM

A question for everyone: Who will emerge as the Donald Trump of Buffalo? When the economy turns around, which big buyer will have the greatest (improved of not improved)total value in strategic properties in the city?

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Platt4

November 1, 2009 1:06 AM

Rock Star Rocco....a do-er, not a speculator

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Buffalonian4life

November 1, 2009 1:39 AM

Bashar Issa.

NO!
Rocco is a given.

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Buffalonian4life

November 1, 2009 1:38 AM

Parking lot!!!

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Lego1981

November 1, 2009 4:25 AM

I think Rocco should take over the Greystone, At least HE WILL get it renovated before it falls to the ground.

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biniszkiewicz

November 1, 2009 9:53 PM

Rocco seriously looked at the Greystone a few years ago. He passed (this was after the hole in the roof). The biggest problem is figuring out whether there is structural damage to the concrete. It's a tough renovation, even assuming it can be done without having to tear half the structure down first.

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KarlMalone

November 1, 2009 9:44 AM

One word: urban farm

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Jonathan

November 1, 2009 10:47 AM

That was TWO words.

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KarlMalone

November 1, 2009 11:07 AM

Co'mon Jonathan, smarten up a bit.

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suburban_hillbilly

November 2, 2009 4:18 PM

Cows grazing in symphony circle is an iteresting concept regardless of how many words it is. AM&A's, Lafayette Hotel, and now this. Karl has more money that the Vatican.

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