Real Estate January 5, 2011 12:05 AM

Calumet Building Officially Changes Hands

Calumet Building Officially Changes Hands

The deal to purchase the historic Calumet Building from current owners Mark Goldman and Arthur Ziller has officially closed.  New owners, the law firm of Kenney Shelton Liptak Nowak LLP, will relocate their offices to the second and third floors of the building.  The firm currently leases 12,000 square feet of space in the Rand building for its Buffalo offices.  The move to the Calumet provides more office space for its 50 person staff.  The building was recently added to the National Register of Historic Places

The $705,000 sale, which was finalized on December 30, follows plans presented to the Planning Board in October by Carmina Wood Morris Architects.  The Preservation Board approved the project as presented in November.

Plans call for an urban courtyard to be constructed in the current back patio area that was utilized by the recently closed La Luna Nightclub as well Bacchus Wine Bar & Restaurant, which will continue to serve as the first floor anchor of the building. 
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The revamped courtyard, located off of Franklin Street, will serve as the main entrance for the law firm and feature grass and perennial landscaping as well as the addition of a three-sided glass elevator lobby.  A staircase will wrap around the elevator.
 
Windows will be replaced throughout the building and the existing murals will be removed.  Unsightly restaurant exhaust equipment will be relocated.  An outdoor patio bar is possible depending on the needs of the future tenant of the vacant nightclub space while a rooftop patio has been proposed in the final design.  Construction is expected to begin shortly.
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At last the building is out of the hands of Goldman, for all the press he has recieved as some sort of savior or pioneer he was actually a very poor operator and even poorer caretaker of this outstanding building in a prime location.

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Gotta agree. Those upper two floors have been vacant for at least a decade. Was that space even marketed? It is such a prime location, one would think there would have been demand.

replied to The Boss
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They were vacant due to the fact there were NO windows. Just open space allowing the elements in for years! But hey, at least we are allowing him to decide the fate of our Water Front.

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As does his latest project on Amherst st. at a standstill. Windows blocked out with paper, except for a few permits and PENDING Liq.Auth.license notice

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you don't think that has SOMETHING to do with the fact that the City is withholding his liquor license, could it? City is playing dirty politics. Again.

In answer to whether this space has ever been marketed, the answer is yes. It wasn't my listing, but a couple of guys in our office (pyramid) did some very active marketing four years ago or so. And contrary to one post above, there was glass in the windows. Also, at least one other firm had a turn at marketing the space besides us. The building was under contract a couple of times in deals that never closed, too. That stuff happens in real estate.

Downtown rents are fairly cheap. It's hard to make new build space (which is what this is) cost competitive with existing space. This is the perfect scenario, where the occupant of the upper floors is the owner. Without a developer needing a cut and with the ability to amortize costs over a longer term, the owner can make the space cost competitive for the firm. Happy to hear its future is bright.

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Baloney, the back a$$ of the upper floors were windowless for years. Ask anyone driving down Delaware. In fact I believe BRO did a story on it about a year ago!

replied to biniszkiewicz
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....and with good reason...not granting a liquor license...obviously his voluntary surrendering of his former license' was to avoid prosecution for the liquor law violations at his other establishments.BTW...since when is liquor a requirement to serve food in a restaurant?

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The State Liq Authority not the City governs liquor licenses, one too many drug, weapons and fights charges at 3rd room I suppose.

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Nice. Can we now PAVE Chippewa Street? It is a complete MESS! I'm surprised the horrible condition of this street in the middle of our entertainment district isn't getting more attention. Attention Chippewa Business Association: You want to change the perception that's driven or is keeping a slightly older, more estabished clientel away? Work on what people see -- the visuals. Put more pressure on City Hall to pave that road... clean up the broken, rotting sidewalks.. get new, brighter street lights and hang colorful banners on them (think Clifton Hill). And for goodness sakes -- get rid of the dead, rotting, broken trees that just say 'dead!'. Case in point -- the one rotting right outside Starbucks. A few cosmetic changes can go a long way.

And speaking of the Calument - the Artvoice 'Walk of Fame' outside could be a really cool thing. But it's turned into a shoddy embarassment stuck in the middle of a drunken parade of partiers. Too bad it couldn't be moved to the (very wide) sidewalks in the theatre district on Main Street. What a nice little addition that would be.

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