Real Estate November 6, 2009 12:00 AM

Apartment Project Planned Overlooking Niagara River

Apartment Project Planned Overlooking Niagara River

Carl Paladino appears to be moving forward with conversion plans for a building he has owned since April 2008.  Paladino's Ellicott Development Co. is heading to the Buffalo Zoning Board on November 18 to obtain approvals to convert a warehouse at 960 Busti Avenue to 23 apartments and ground floor commercial space.  The four-story building overlooks the Peace Bridge and Niagara River.

The 67,900 sq.ft. Busti Avenue property was built in 1930.  It is the former home of Multiform Desiccants, now operating under the name Multisorb Technologies, manufacturer of absorbent products commonly found in pill bottles among other uses.  The company is now located on Harlem Road in West Seneca.  Paladino purchased the building along with 1018-1050 Niagara Street from Ciminelli Development for $850,000. 

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Whhhaaaaaat excellent

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And now the re-growth of Niagara Street begins. Grea!!!

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i often wondered what was going on with this building, it was sold, there was a plan, but that was the last we heard, so this is good news...this is a great stretch of buildings from this site to forest ave...it would be awesome to see a conversion along niagara st. but i can't imagine the effort needed to clean up the industrial legacy left behind...

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Does anyone know where this property would be situated if the new bridge and plaza was to be built? It always seems that once one of these 3-4 big real estate players announces plan for something not to long later we hear plans from the city or elsewhere for some huge construction going on. I always thought they had some inside knowledge of future plans that just got the green light and are waiting for paper work, but that sounds kinda crazy. Back to the original question. Wouldn't this building be feet away from the new plaza? It would be nice to see this strip of Niagara st cleaned up but it will take a long time.

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Wow, Carl, impressive. New Condos on the Waterfront and now this. New property acquisition in Riverside and South Buffalo, too.
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Oh, by the way, I saw a model at the Avant a couple weeks ago - looking right over the hole in the roof of the Greystone that's been there since 2002.
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So, when you gonna cough up some cash on at least mothballing that? The hole is bigger than it was before.

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I'd like to know that answer too. He started to work on it, then STOPPED. But he has already completed a condo tower on the waterfront and bought several other properties since. What gives with Greystone, Carl? Just give it to someone else, like Rocco to fix if you can't.

replied to MRodgers
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It doesn't matter how much good you do and what you accomplish. There is always someone there to point out what you haven't done or what you didn't do the way they would have wanted it. Typical Buffalo!

replied to Lego1981
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No, Dblplus, the typical Buffalo activity is to continue allowing developers and/or individuals with properties that are literally melting into the pavement permits more development BEFORE they finish what they've started - thereby also causing issues in the surrounding neighborhoods.
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If there is a new SmartCode coming soon I sure as hell hope they address this ever revolving issue in it. You buy property and let it languish - you don't get the permits and licenses for new projects until the old ones are taken care of. Just common sense...

replied to dblplusgood
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That sounds like a matter of opinion and not common sense. To some, common sense would be to abandon the futile and move on to more viable prospects. Phrased differently, quit throwing good money after bad, put your money where it will be most profitable, then come back and invest in the Greystone when you are better prepared in terms of time, resources, and opportunity.

This is a matter of opinion as well and just like your comment, not a matter of "common sense".

replied to MRodgers
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So, what your saying, dblplusgood is, 'Let the Greystone' fall to the ground, maby even let parts of it fall and hurt someone walking by'. ? Who really cares that people walk, drive and live right in eye site of this big old building, right? So what if it has a big hole in the roof and can cause the entire struture to cave in, right? And if history repeats it self, Carl will tell us the best use for the Greystone is to knock it down for a parking lot. Hmmm, he once said the same thing about the Webb Building on Pearl St. and then someone else seen other visions and now it' full of luxury lofts and commercial space. So, what I'm saying is, If Carl has no vision for the Greystone, sell it to someone who can 'make it happen'.

replied to dblplusgood
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Is anybody offering to buy the Greystone from Paladino? Why doesn't anybody make a public offer to take it over?

replied to Lego1981
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There arnt many people who can afford to take on such an expensive project.

replied to whatever
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Why don't you buy it?

replied to whatever
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What if... what if... what if...

What I said was MROGERS' comment was a matter of opinion and that there are differences in opinion out there. Obviously it would be best if the Greystone was restored, but who are we to say that Paladino cannot purchase or develop another building until he finishes this one. If that was the criteria that we need to live by, then the baseboards in my living room would have been painted before I started to tear out the bathroom. The thing is that the two projects are not dependent on each other, just like the project in this article is not dependent on the completion of the Greystone. We'd like it to be, just like my partner believes that it is common sense to paint the baseboards before starting the bathroom. It is a matter of opinion and not a universal principle or common sense.

replied to Lego1981
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Yes -- partially -- but there's a difference between working on multiple projects and just letting one sit, rotting, with holes and exposure to the weather. At least moth ball it.

replied to dblplusgood
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The next time someone brings up the benifits if increased truck traffic from expansion of the bridge this place needs to be mentioned. This warehouse is situated at the doorstep to both the 190 and the Peace Bridge and should have been one of the first places to see new life if you believe the truck traffic=jobs mularkey. In spite of its prime access to a thruway, international crossing and loads of fume belching cars and trucks, it has sat empty for years. Hopefully it is being converted to residential use but that has more to do with the view of the river and nothing to do with highway or border acces. More proof that there isnt much economic upside to letting trucks rumble through town.

The good news is that once occupied there could be 23 more people to help fight the PBA.

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nice point.

replied to Armchair MBA
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Good to see more residential conversion but if the PBA continues to push for a gigantic truck plaza this address will become less desirable. As pitbull points out, truck traffic brings nothing but negatives and will only cause further decline in this area.

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I can't imagine that anyone would want to live here because of the increased risk of asthma and cancer from the truck traffic on the peace bridge and thruway. Why would someone knowingly increase their risk of these horrible illnesses by living right next to the source?

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My guess would probably be because it is a made up issue

replied to dblplusgood
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Your "guess" would be dead wrong, there is no real debate about the danger of diesel exhaust. Real doctors know it is a serious health threat that has been proven by decades of studies and research.

replied to KarlMalone
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So it is probably not safe to live in these apartments because of their proximity to the Peace Bridge plaza. It probably isn't good for anyone to live near the Peace Bridge plaza because of the diesel fumes. Is this right?

replied to Blackrocklifer
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not according to this study...

http://www.ncbi.nlm.nih.gov/pubmed/15106580

replied to KarlMalone
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Let's us not forget the negative health benefits of chicken wings, processed food and I believe this is under a flight path to BNIA. Sounds like we got a lot closing down to do. Let's get the lawsuits ready

replied to grad94
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The thruway is a threat but moving traffic produces far less emissions than the idling trucks lined up and slowly creeping along at the Peace Bridge.

replied to dblplusgood
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This says alot about the redevelopment along the river between Buffalo State and the Peace Bridge for Carl to put this project on the agenda now.

As I have long said and will continue saying, once the Ojibwa townhomes and high rise towers are fully built between the Niagara River and the Niagara Expressway then the developers will shift their focus to the land between the Niagara Expressway and Niagara Street (or in this case the short stretch of Busti that is waterfront).

Who wants to take bets whether the real estate developers build up Niagara Street sooner or the Buffalo State students migrating from expensive Elmwood to cheaper Grant build it up to a college street first.

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It also looks as if 2/3s of the building has been demolished. Would look better is a section was rebuilt and the narrowest portion were a large deck.

Heck, the ground floor can still be reserved for parking, just expand out with an additional apartment and deck above the parking.

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Thirty years ago the owner of the business would not let the bike path have an easement across the back of this property, that is why the bike path followed the sidewalk in this area. I believe at the time there were rumors that the business would move out of the city if the easement became a reality. The end of the story is the business moved and bicyclists follow the sidewalk. I would urge someone to open negotiations to try and get an easement for the bike path across the back of this property.

Several years ago I climbed to the top of the old Schaeffer Brewery building and looked at the view to the west. While I hate to have high rise buildings blocking the view and access to the river (if we ever get access) the views the Niagara peninsula were wonderful. If our waterfront is such a diamond in the rough maybe it can be developed without giving it away for nothing.

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littleacorn,
It can, rest assured that it can.

Its always been a difficult time because historically our waterfront has been industrial and not admired for its views (although there used to be for lack of a better shacks that lined the waterfront but were demolished long ago).

To the south, the waterfront is blocked by the lack of lift bridges to the inner and outer harbor.

To the north, its still a tough sell for anything between Niagara Expressway and Niagara Street.

However, IF the westvillage keeps gentrifying and IF Buffalo State students continue to migrate from Elmwood to Grant, while the Buffalo State campus continues its growth toward Niagara Street THEN the RISK will drop and the SAFETY will increase and developers will be proposing similar highrises as are currently in Ojibwa.

Everything from the Niagara River to Michigan is in flux right now.

replied to littleacorn
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"and IF Buffalo State students continue to migrate from Elmwood to Grant, while the Buffalo State campus continues its growth toward Niagara Street"

In order for either of those to "continue", they'd have to be happening already.

Are a lot of Buff State students already migrating from Elmwood to Grant? Is the Buff State campus already growing toward Niagara St?

There's a big distance between Niagara St and where Buff State is (even if they build a new stadium just west of Grant, which if I'm not mistaken is the only possibility they mentioned on the side of Grant). That section of the city from Grant to Niagara, say north of W Delavan, is in steep decline with a lot of growing vacancy.

replied to Christine
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dear whatever,
first let me respond to the question of whether Buffalo State students are migrating to Grant Street by saying that its not just students but the Coffee House (I forget the name) at Lafayette and Grant, the recent announcement of the Elmwood Yoga studio moving to Grant is another. It basically started when Buffalo State students crossed the Richmond barrier for cheaper apartments.

Those apartments west of Richmond and those businesses opening on Grant would not be there is there was not a migration away from increasingly expensive Elmwood.

In answer to your second point, may I suggest you do a google satellite map of the Buffalo State area that encompasses both the Scajaquada and Grant Street. I may not have been clear. Buffalo State will follow the Scajaquada by crossing Grant Street with their proposed Stadium and their proposed Parking Garage. If one follows the Scajaquada west, then the Scajaquada and Forest and Niagara Street all roughly intersect. A marker for this location is the old Bristol Myers-Westwood Pharmaceuticals which I think now is a Canadian company called Contract Pharmaceuticals.

This is the area of future Buffalo State expansion. For some reason Buffalo State will not cross the Scajaquada over to the old Steel Mill site along Tonawanda or the Amherst Street area which is fine...at will take more than a decade to expand their campus to Contract Pharmaceuticals.

Infact, I would not be suprised if Bristol Myers-Westwood Pharmaceuticals-Contract Pharmaceuticals...was bought by Buffalo State and incorporated into the campus at some point in the future.

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christine>"Grant will emulate Richmond."

Sounds like a lot of wishful thinking rather than anything really happening.

I doubt Buff State's stadium and parking garage will have any spin off on Grant.

The coffee house you mentioned isn't really near Buff State. It's about a mile away near Guercio's market. The owner said in interviews she opened a coffee house only to save a building she likes. She wasn't priced out of Elmwood. It might have been more expensive for her to renovate that building on Grant compared to renting on Elmwood, but saving the building was her main purpose.

The mile or so of Grant from say Delavan north to Buff State has a lot of vacancy and decline. So do many side street blocks close to that upper part of Grant - especially toward Bird and Forest. High crime too. This weekend a shooting 1 block from Grant just north of Delavan:
http://www.buffalonews.com/258/story/854594.html

Reasons don't look apparent to think that part will emulate Richmond as you predict.

replied to Christine
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Black Rock and Kenmore will continue to struggle in my opinion.

However...Buffalo State will expand, Grant Street will be a college street and high rise developments like the Pasquale will find the area between the Niagara Expressway and Niagara Street.

Yes, the area between Grant and Niagara Street will continue to struggle but not as much as Black Rock. The fate of this area will follow Niagara and Grant Street.

Grant will emulate Richmond. If one remembers previous development benefits of Elmwood always stopped at Richmond. Very few people were willing to pay and invest west of Richmond. When Grant does start to come back, then expect everything east of Grant to develop first.

My guess...Grant will happen before Niagara Street. Even with empty stores...the price differential between Elmwood and Grant is enormous and its only going to get worse.

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Great news! I do wish Carl Paladino would renovate the Graystone for what it is, interior walls and all. I bet he'd be very pleasantly surprised by the outcome.

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Mr Paladino suffers from property hoarding syndrome, a condition that compels one to acquire all available corner lots, vacant buildings, sites that may one day be in the footprint or proximity of a casino or Empire Zone, or ideal for a Dollar Store, Rite-Aide or Valero gas station.

This malady has no known cure, and seems to be manifested outwardly by bursts of dictatorial beneficence, populist pleadings and a plethora of political candidate donations.
Inwardly, there may be pronounced deafness to community, shrinking of essential body parts, and overwrought sense of self-importance. He may have to come up with a $100 donation to Extreme Home Make-over to finally address these issues.

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