The vacant Horsefeathers property at 346 Connecticut Street will be brought back to life under plans by Karl Frizlen. The architect turned busy developer envisions turning the circa-1896 building into a mix of commercial space and upper level apartments. Frizlen has the 25,000 sq.ft. structure under contract for an undisclosed price. It has been listed by Hasting Cohn with a $499,000 asking price since Horsefeathers moved to Chandler Street in early-2008.
Interior images from Hasting Cohn website.
Business First has the scoop:
Tentative plans call for using the building's basement and first floor as an indoor farmer's and vendor's market, with the upper four floors used as the home of 16 apartments.
"It's a solid building and strongly built, especially with its wooden floors," Frizlen said.
He wants to dedicate about one-third of the building for the farmer's and vendor's market.
"The downtown market (run by Buffalo Place) is great, but even at this time of the year, people are looking for a permanent place to buy local fruits, vegetables and baked goods," Frizlen said.
The IDA hearing is the first of many he must clear before renovation work can begin, he added.
Frizlen has the building under contract but has yet to close the deal, saying, "There are still a few more pieces that need to fall into place."
In addition to the IDA incentives, he is looking to land historic tax credits from the state. Negotiations are under way with other financial partners, Frizlen added.
Frizlen is involved in several projects in the Elmwood Village and West Side including a mixed-use building at 504 Elmwood Avenue and redevelopment of a former school on Lafayette Avenue. A commercial and residential project at the corner of Elmwood and Bryant is under construction while a sixteen unit, two building apartment project on W. Utica Street is planned.