A local developer is planning a rental complex in the University District near the LaSalle light rail station. Legacy Development
was recently named designated developer for a 4.7-acre City parcel at the corner of Cordova and LaSalle avenues. Combined with six acres owned by Legacy, the $40 million project could have up to 250 units and may include a mix of apartments and townhouses (concept plan shown below and entry image).
The project is likely to be attractive to college students but is not expected to be student-only housing. The site is within walking distance of the University at Buffalo South Campus and within transit distance of the Medical Campus and downtown.
The sites targeted by Legacy are adjacent to Main-LaSalle Place's William Price Parkway, a cul-de-sac of single-family homes built by Marrano a decade ago. The area surrounding McCarthy was envisioned as a mix-used community according to an unrealized master plan prepared by the City and DeLeuw Cather in the mid-1990s (below). A mixed-use infill community consisting of new townhouses, mixed-use along Main Street, a retail plaza, expanded park space and new schools was proposed at the time.
Mid-90's Master Plan for Main LaSalle Infill Neighborhood
Legacy Development's roots date back to 1998 when Frank Chinnici left a career in commercial banking to enter the real estate development business. Chinnici has been the owner of Legacy Development since 2003. Legacy owned the Continental Night Club located at 212 Franklin Street until the club closed in August 2005 and was later demolished.
Legacy and Crystal Construction developed Autumn Creek, a 228 unit luxury apartment community located on N. French Road in East Amherst. Legacy is currently developing The Polo Grounds patio home community in East Aurora and has residential and commercial projects planned in Orchard Park, Amherst and elsewhere.
"This is an urban development, it's a much different style of development and so it will not look like Autumn Creek, it will look like an urban-based multi-family residential project."
Work on Legacy's project could start later this year.
Get Connected: Legacy Development, 716.689.3300