Damon & Morey Heading to 200 Delaware

Damon & Morey Heading to 200 Delaware

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Uniland Development Company is welcoming a former tenant and partner back into its fold. Law firm Damon & Morey is close to signing-on for two floors, roughly 50,000 sq.ft., of office space at 200 Delaware Avenue. Damon & Morey would be moving from Cathedral Place located at 298 Main Street.

200 Delaware is the $63 million redevelopment of the former Dulski federal building. The revamped property will include a 150-room Embassy Suites hotel on the first seven floors, 128,000 sq.ft. of office space on floors 8 through 12, and 37 luxury residential units on the top three floors. Each use will have separate entrances and elevators, but will share many of the Embassy Suite features and services. The project is a Uniland and Acquest Development joint venture. Work is underway and is expected to be completed early next year.

The building Damon & Morey is vacating, 298 Main Street, was purchased and renovated by a partnership consisting of Uniland and the law firm in 1998. The property was acquired when Blue Cross vacated the site to occupy the former Sears building at 1901 Main Street that was rehabbed by Uniland and is now owned by Canisius College.

cathedral%20place.jpg Cathedral Place, 298 Main Street. Photo by Nate Farnsworth.

298 Main was constructed in 1917 and features 98,000 sq.ft of space. Globe Market recently opened on the ground floor. In 1998, the Uniland/Damon & Morey partnership lost 298 Main Street to foreclosure. Kissling Interests purchased the property from Chase Manhattan Bank for $2.6 million in September 2001.

With the building’s anchor tenant departing, and Kissling’s strong track record of residential management and development, it would be an opportune time to convert the property to residential if the owner was so inclined. The L-shaped building fronts both Main Street and Cathedral Park, offering views of the waterfront, Ellicott Square, Guaranty Building and St. Paul’s Cathedral.

In other law firm news, Cellino and Barnes is moving from Court Street to take the top two floors of Main Place Tower. Property owner Main Liberty Group has been slowly chipping away at the office vacancies in the office and retail complex.

Prior to moving to 298 Main, Damon & Morey had offices in Main Place.

dulski6.bmp Dulski construction progress. Photo by John Carocci.

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What Others Have To Say

  1. sbrof

    3 ratings12345
    Mar 21st, 08:54

    I agree that location on Main could be a good site for a new residential project. Will be interesting to see what happens to the space, if anything.

  2. urbansoul

    1 ratings12345
    Mar 21st, 09:05

    Would be AMAZING residential! Delaware just keeps getting stonger and stronger. Some will argue that it's at the expense of Main. However, the impact of a stronger/more vibrant Delaware is much more visible than Main....thus perhaps changing people's impression of downtown as a whole. Residential AND office will eventually transform Main. Visibility on Main is another issue in itself.

  3. allthingsbuffalo

    1 ratings12345
    Mar 21st, 09:23

    gotta love the shuffling around of the board pieces. there is potential for main to become a heavily-residential area though...a trickledown of sorts from the theatre distict especially if century lofts get done.

  4. nascarinbuffalo

    2 ratings12345
    Mar 21st, 09:23

    Where would the residents of 298 Main St. park?

  5. TownLine

    0 ratings12345
    Mar 21st, 09:31

    From what I hear at Damon & Morey, Kissling were pretty horrendous landlords for them. Thats pretty bad considering they're the anchor tenant in the same building that Kissling has its main offices. I've lived in a Kissling building for 3 years at Gates circle and I've watched this building severly deteriorate during the time I've been here. Constant elevator problems, frequent power outages, laundry facilities are completely useless, rugs are worn and probably 30 years old, etc... Yet, they have raised the rent almost $200/mo since I've been there. I'm currently searching for a new apartment and more than willing to break my lease and lose the deposit to move out.

  6. TownLine

    1 ratings12345
    Mar 21st, 09:34

    Would be fantastic if Cathedral place were converted to residential though. I've always thought that might be the most ideal building and location for such a project. I just have landlord concerns...

  7. mjman4

    1 ratings12345
    Mar 21st, 09:41

    That rendering of 200 delaware has always annoyed me...from the stupid "hat" on the buidlign to the hampton inn that is only 3 stories...didn't anyone look at this before it was published?

    Good news though...good news all around..

  8. sbrof

    0 ratings12345
    Mar 21st, 09:42

    That is a shame about Kissling because they do own a lot of property around here, most of which appear in good condition from the street.

  9. sbrof

    0 ratings12345
    Mar 21st, 09:47

    I think the 'hat' gives it almost a Gotham City kind of feel As for the surrounding buildings they were probably just all extruded for the same height as the architect was commissioned to design and render 200 Delaware not the community as a whole. There are models of that building out there and it would be a great tool for the city and its businesses to use if all the models were compiled into some sort of computable format and made available...

    SimBuffalo

  10. flyguy

    3 ratings12345
    Mar 21st, 10:03

    Reshuffling the deck. Its all reshuffling the deck. Wheres the big new gains. Right now one fills whil another goes empty. We need growing companies picknig up more space and out of town companies coming in to get operations going to fill up space.

  11. urbansoul

    1 ratings12345
    Mar 21st, 10:36

    Reshuffling, indeed. BUT - we can complain complain and complain (as this comes natural of Buffalonians), when it all boils down to square footage a lot of the reshuffling results in an increase of net absorption. SO THERE! Now go pick that apart. LOL

  12. Spaulding97

    1 ratings12345
    Mar 21st, 10:57

    Good news. Sounds kinda easy for them to find tenants Maybe Issa should take some notes...

  13. STEEL

    1 ratings12345
    Mar 21st, 11:14

    It may be reshuffling the deck but the city's vacancy rate has not gone up even though new space has been added. So I guess that we are now shuffling a bigger deck.

  14. wizardofza

    2 ratings12345
    Mar 21st, 11:18

    For once I'd like to see a downtown office tenant that's moving in from somewhere else.

  15. urbansoul

    2 ratings12345
    Mar 21st, 11:22

    LOLOL have you ever heard of New Era, Wizard?

  16. sbrof

    3 ratings12345
    Mar 21st, 12:42

    or HealthNow, Savarino. Sure this is reshuffling (kinda) but what it is doing is opening up some of the lower quality spaces that would become ideal for other uses. There is a proven demand for higher quality space in downtown and a continued growth in the amount of residential units downtown, which are from converting older spaces like this. There is going to be an inevitable reshuffle here or there that is expected and positive for downtown because it reaffirms those businesses commitment to downtown and gives them the room to grow without having to leave the city.

    This is a win, but how big of a win will happen once we find out what is going to happen to the building on Cathedral Park. Which is easily the cutest place in downtown and would make a lovely urban front yard.

  17. TBone

    0 ratings12345
    Mar 21st, 13:03

    Steel- your comment needs to be clarified... class A vacancy rates have not gone up- I don't believe the same can be said for class B space.

  18. MJWorthington

    3 ratings12345
    Mar 21st, 13:06

    I agree.

    I'm assuming the last space was not class A? Much better to be moving into DT class A then sprawling out to the towns. A class A for a class A swap I'd be less estatic about. Having tenents "move up" is not a bad thing.

    Emptying the Class B or Class C by having them bump up to the nicer vacated B could open up nice possibities for new rental/condo residential or other uses.

    This would make a killer view: Cathedral Park

  19. RonR

    1 ratings12345
    Mar 21st, 13:15

    SBROF-

    Great point. As new buildings are built or rehabbed to modern standards, older stock can be eaten up by small companies. The floor plans in the older buildings suit small offices anyways.

    Only wish it was easier for small businesses to operate in the city. The likelihood of Buffalo ever landing a big business in a relocation from outside of the region is slim to none. New Era, HealthNow and Savarino were a local companies that moved in the region to downtown. Getting a company the size of one of these is hard.

    However, creating an environment for companies LIKE these or even tech companies to start in Buffalo could allow for growth down the road. I think Wizard was saying you do not hear Company X is moving offices from North Carolina to Downtown Buffalo or something similar to that.

  20. sbrof

    0 ratings12345
    Mar 21st, 14:11

    I agree but maybe if 200 Delaware was completed or even in discussions earlier maybe Geico would have considered downtown.. Instead they were shown the Pierce Arrow building (boring). SO it does happen now and then but without the ability to house large scale offices in quality spaces we will always get bypassed especially with a perception (not truth) out there that renovations cost more than new build and you would still have less quality space.

  21. RonR

    0 ratings12345
    Mar 21st, 16:19

    sbrof

    I do not thing Geico would have gone downtown, regardless of what was down there or what was mentioned.

    Every campus I know of for them is in the burbs. Their biggest campus is in Poway, an Amherst to San Diego. They are simply not a "downtown" company. They are an office park company. We need to stop trying to put the square peg in the round hole.

    The companies, for the most part today, that fill up towers are under 200 employees. These are not big fish but small businesses. Startups to under 10 years. The rules in the are do not favor these types of companies. But that is what the area needs.

  22. urbansoul

    0 ratings12345
    Mar 21st, 18:41

    Geico strategically places their campuses in very suburban/borderline rural areas FAR FAR away from public transportation.

  23. AtwaterLouse

    0 ratings12345
    Mar 21st, 19:44

    urbansoul - If what you claim is true about 'FAR FAR away from public transportation', then doesn't it look like they goofed up when deciding where to build their location here? They chose the Crosspoint Business Park which has around 25 NFTA bus trips per day inbound and 28 per day outbound, to and from the Metro station at UB South Campus.

    http://www.nfta.com/metro/schedules_pdfs/44.pdf

    Geico strategically places their campuses in very suburban/borderline rural areas FAR FAR away from public transportation.

  24. Texpat10

    0 ratings12345
    Mar 21st, 23:18

    Actually Geico worked with the NFTA to establish those routes. And the building was built from the ground up exclusively for them. They took temporary space while it was completed. I wonder how it is that they couldn't be talked into the city. Waterfront Village (which they were shown) would have been a great location with excellent visibility ie free advertising to all the cars on the 190.

  25. Texpat10

    0 ratings12345
    Mar 21st, 23:20

    Oh, I have been meaning to ask if anyone knows if 200 Delaware is really going to be this gray? The blue was over the top but this looks like an error in the opposite direction.

  26. RisingDamp666

    0 ratings12345
    Mar 22nd, 10:19

    Geico was an important score for Buffalo. Even if large new entrants build in the suburbs, they generate activity that benefits the city. And while it's true that increasingly, office tower tennants lease less space than in the past, they are not necessarily small businesses. Many major corporations office a few people in CBD towers while locating their labor-intensive back office operations in outlying campuses. In a city like Buffalo that isn't a major business hub, you get those smaller businesses. But this is only good news. Imagine Dallas, a city of over 5 million that has not had a significant downtown office development in over twenty years and which has had a persistent downtown vacancy rate of nearly 20%. While Buffalo is smaller and moves more slowly, it IS moving. Cheers to Uniland.

  27. RonR

    1 ratings12345
    Mar 22nd, 15:22

    Text-

    Do you read the other comments? Geico does NOT operate in metro areas. This is not about crying over spilled milk it is crying over milk that was never in the glass.

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