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Paladino Gets Keys to Manor

Carl Paladino has added a prime site to his real estate portfolio.  The developer turned politician gained title to the shuttered Grace Manor Nursing home located at 10 Symphony Circle.  Paladino was the high bidder for the site at an October 31 auction.  The $1.6 million deal was finalized yesterday.

Grace Manor Health Care Facility, Inc. was placed in receivership by the state Department of Health in 2008.  The nursing home closed its doors in March 2009.  U.S. Bankruptcy Court Judge Carl L. Bucki, chief of the Western District of New York, cleared the way for Grace Manor Nursing Home to be sold at auction.

The facility is 81,200 sq.ft. on 2.14 acres.  Paladino has not revealed his plans for the site. 

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Written by WCPerspective

WCPerspective

Buffalo and development junkie currently exiled in California.

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