Real Estate May 14, 2012 12:00 AM

Remington Lofts Nearly Complete in North Tonawanda

Remington Lofts Nearly Complete in North Tonawanda
Kissling Interests' Remington Lofts on the Canal development is just about finished.  The $25 million effort transformed the Remington Rand plant into a mix of 79 upscale lofts and commercial space overlooking the Erie Canal.  It is Kissling's first local project outside of Buffalo.

On April 26, the Urban Land Institute's Young Leaders Group of Western New York (ULI YLG of WNY) toured the complex and heard from those involved with the project.  

The 167,000 sq.ft. complex at 184 Sweeney Street originally contained Power House No. 4 of the Buffalo and Niagara Falls Electric Railway Co.  The Herschell-Spillman company, the largest manufacturer of carousels for some time, moved into the building in 1899.  In 1951, Remington Rand, an office equipment manufacturer, bought the complex.  Remington Rand produced the world's first mainframe computer for the U.S. Census Bureau there but mostly used the building to manufacture typewriters.  It closed in the 1970s.
Underutilized for over two decades, North Tonawanda officials pushed for redevelopment of the complex, part of an overall waterfront revitalization plan.  

"We are concentrating on the waterfront area," said James Sullivan, Executive Director, Lumber City Development Corporation.  "[Kissling Interests founder] Tony Kissling had the vision.  This is the cornerstone.  It makes all the difference in the world."

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A mix of uses and a high quality design combine for a successful project.

Liquid Energy juice bar and cafĂ©, a Kissling tenant at 298 Main Street in Buffalo, has opened on the building's first floor.  Evolution Yoga occupies 7,600 sq.ft. of space and Leon's School of Hair Design has an stunning salon and training facility in 6,500 sq.ft. (below).

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Tempo restaurant chef and owner Paul Jenkins and Mark Hutchinson of Hutch's will soon be opening the Remington Tavern & Oyster Bar in the powerhouse building, the oldest portion of the complex located along Sweeney Street just steps from the canal.  

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"We wanted to create a destination," said Serena DeSantis Kissling Interests' leasing agent.  "Tony Kissling says if we had more of these buildings they would rent.  We brought loft living to the suburbs."

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Lofts range in size from 1,000 to 2,400 sq.ft. and are priced from $1500.  The one and two-bedroom apartments feature 14' ceilings, custom maple cabinetry, granite counter tops, professional grade stainless steel appliances, fluted columns and expansive windows.  Residents have both indoor and outdoor parking and access to a 4,400 sq.ft. rooftop terrace.

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"Tony did it right," said Gary Bichler, Partner, R&P Oak Hill Development, the general contractor on the project.  "He redeveloped the building without sparing a nickel."

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The 167,000 sq.ft. complex is actually six different buildings constructed between 1895 and 1948.

Like every project of this scope, construction brought some surprises.  The biggest was the need to rebuild the 1917 portion of the complex due to the poor quality of the concrete reinforced slabs.  

Carmina Wood Morris, a local leader in historic preservation work, did the project layout and commercial design.  Jennifer Kissling did loft interiors.

Jonathan Morris, Carmina Wood Morris Partner, talked about the challenge of putting a new use in a historic structure particularly when utilizing historic preservation tax credits.  Architects and contractors must follow what's been approved by the State to meet the guidelines for obtaining tax credits while also meeting the developer's cost and design expectations.  

The daylight factory's layout lent itself to residential use.  The knee walls with large windows provide abundant light into the loft apartments.  Window units designed for the building are now being utilized in similar factory rehabs around the country.  The one-story loading dock area is now the building's interior common area where the juice bar, yoga studio, beauty school and restaurant can be accessed.

Said Morris, "It's a huge undertaking but it's not the responsibility of one person, but a whole team."

Get Connected: Kissling Interests, 716.853.2787

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Comments

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Impressive. Even the appliances are top drawer.

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Gorgeous. I love this quote "The daylight factory's layout lent itself to residential use. The knee walls with large windows provide abundant light into the loft apartments. Window units designed for the building are now being utilized in similar factory rehabs around the country."

If only there were a daylight factory closer to downtown's core, where maybe professionals, students, etc. could live....oh, wait.......

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Oysters! yum. Too bad the Elk's Lodge burned down next door or the residents would have had great Fish Fry access.

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For all those naysayers, especially Buffalo, Niagara Medical Campus about the need or opportunity to save TRICO....Take a long hard look!

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I love the rooftop terrace. I don't understand why every roof isn't like this. Can someone in the real estate industry explain this to me? It seems like a relatively cheap way to gain a huge amenity.

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it's a great feature, no doubt about it. but i imagine that there are load bearing requirements for rooftop gardens that not all roofs are designed to handle. owners would have to do the cost-benefit analysis on retrofitting.

i know one owner who is looking to use his flat roof for a solar array to offset utility bills, which is also a desirable use of a flat roof.

replied to Buffalogni
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I live in NT and this has been a fun project to watch. It fits well with the landscape and should provide a great boost to the downtown/waterfront area. Thumbs up.

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Really nice job, Kissling. Love the open shelving.

I hope the new residents don't get too bored in that area. Just another example of why cars are still needed in WNY......

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Just another example of how cars degrade both suburb and city.

replied to LouisTully
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SOME PEOPLE are confused...and just think everything revolves around the city...THERE IS QUALITY life outside of Buffalo!

replied to STEEL
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Bored? Things do happen outside the city limits.

replied to LouisTully
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What does your comment mean? I don't get your point.

replied to Polonia
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Sorry. I started it all by being a smartazz about the Lafayette article.

replied to STEEL
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Joey D and Polnia are confused. They think I write about places when in fact I write about the quality of place. It is a subtle distinction I know. This part of the Tonowandas could be a spectacular place. It could be a major destination but it has mostly been ruined by sprawl and disinvestment. City versus Suburb is a phony argument strung up by the sprawl lovers to deflect attention from the cost and stupidity of car based society.

replied to LouisTully
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Bored? I take it you haven't been there. The area has evolved into the livable village so many desire.

replied to LouisTully
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look at the lafayette construction article comments and tell me if i was being serious

replied to Dagner
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I reside in and rent a loft in downtown Buffalo and my rent isn't even close to that amount. $1500 for North Tonawanda? Hard pressed for me, but otherwise, an amazing renovation. Well done.

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This is part of the problem with WNY......greedy selfish developers that only want to collect rents that are double than the market rate. The very few contemporary urban living projects that do get developed are RENTAL properties. Renters do not respect property like OWNERS do. If you want a vibrant urban core, start developing urban residences that people can BUY, not RENT!

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It's North Tonawanda. The twin cities is practically 95% owner on premises. Once again, it's North Tonawanda, they don't want an urban core because it's North Tonawanda.

replied to mylo2112
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What are you talking about?

replied to Polonia
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I assumed you were literate, but i guess I was wrong. We go from first posts on top and their responses below. It takes a while to get the hang of it.

replied to STEEL
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"95% owner on premises," eh? I would say that between Sweeney and Wheatfield from River to Payne North Tonawanda is at least 30% rental with no owner on the premises. That's a large area of North Tonawanda and the area that surrounds this building outside of downtown. Just outside of that area up Sweeney is also the North Tonawanda "housing projects" on Robert Drive.

replied to Polonia
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Since it cost 25mil to renovate approx 170k sq ft, The smallest unit would probably retail for close to 200,000. Are you willing to pay that amt?

replied to mylo2112
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I think these are only rentals due to the preservation tax credit rules, same deal with the Lafeyette. Someone correct me if I'm wrong on that?

As for the cost, how can anyone say there's not a demand for loft living in the burbs if there has never been an option for it? Same reason the Avant is successful. Some people wanted luxury lofts near downtown and others want to live in a loft without dealing with the issues the city has, hence these in Tonawanda.

replied to mylo2112
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Keep putting together projects like this together and people might actually want to live in WNY

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So this can be done in North Tonawanda, but it can't be done in downtown Buffalo. Where is the sense in that thinking?

Anyway, kudos to Kissling!

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Beautiful Project. However I am skeptical of the market. Like the comments above, why North Tonawanda? What is the draw, who are they expecting to get to rent their high priced apartments? I know the canal area is very nice and there have been plenty nice projects down there. But the housing market there isn't matching the prices of these apartments (or the rent of apartments in WNY (not downtown), the rent seems high), at least in my mind. But maybe I have the wrong idea in my head.

Again it looks awesome and I hope it works out, I am just very skeptical on if they will be able to rent out 79 upscale apartments.

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They're leasing them as soon as they're finishing them. It's the first true loft project in Niagara County, on the canal, great design, and 20-25 minutes from downtown Buffalo and 10-15 min to Amherst. Seems to be a combo of location and design.

replied to Tom
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Ok wow, that is great to hear. The canal area is really starting to look great. For some reason the image in my head is that the houses surrounding the building are noticeably less expensive per sq. ft. than the lofts, but really as you said the combo of location and design do make it very attractive.

replied to WCPerspective
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This area certainly is looking good. Not mentioned yet in these posts is that from here you can access the bike paths leading south to downtown Buffalo, east to Ellicott Creek Park (and beyond to UB North) and north to Niagara Falls.

replied to Tom
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That's a common theme with all of these projects. Mostly preleased to capacity. It really is impressive that despite continued population decline Buffalo has added 3,000(?) new units in and around dt. As for this building in nt... Honestly from what I've seen the complex is the most stunning of them all. To the naysayers.... Um, it's obvious that the market is demanding these.

replied to WCPerspective
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Same old, same old...who is going to pay that much for a loft, who is going to pay $8 for a beer at Blue Monk, who is going use all these new hotel rooms/ look around second guessers, lofts are full, hotels are booked and expensive restaurants are full...this Buffalo and we might really be a city.

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I know it is quite amazing. Only reason I was being skeptical because I am not very familiar with the North Tonawanda rental market.

replied to The Boss
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