Occupancy Begins at Warehouse Lofts
With minor finishing touches still underway and dicey weather, the developers are holding off on an official grand opening until early next year. Warehouse Lofts is the result of a $7.5 million conversion of the former Seneca Paper Co. warehouse located at 210 Ellicott Street between Eagle and Clinton streets. Originally constructed in 1913, the seven-story building is one of the first concrete frame warehouse buildings in the United States.
The centrally-located building features six units per floor on floors three through seven encompassing 17 two-bedroom and 13 one-bedroom units. Apartment sizes range from 1,080 to 1,665 sq.ft. Remaining units are priced in the $1295 to $1995 range.
Apartments are spacious with high ceilings, quality finishes and city views. Every unit includes a walk-in laundry room with a washer and dryer provided, substantial closet space, exposed structural concrete ceilings, hardwood floors, fireplace, a large soaking tub, and a fully-equipped kitchen with stainless steel appliances, granite countertops and maple cabinets. Two-bedroom units have two full bathrooms.
There are 60 gated parking spaces, 14 of which are covered, and a basement storage area. 8,800 sq.ft. of commercial space is available on the second floor.
Jake Schneider, Dave Resetarits and Tom Kiener, under the name The Warehouse Lofts, LLC, are the project developers. Schneider is also the project architect.
Photos above by Katie Schneider Photo.
Get connected: Residential: Jessica Railey- 716.923.7000 ext. 101
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Comment Options
gaustad
VERY COOL, but 1295 - 1995/month is pretty steep
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JiminyCricket
$1295 to $1995 "range?"
I'll take two.
I mean after all this IS Buffalo, where the median income is like $27K, so they should be at full occupancy in No time.
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orlanmon
I wonder if they allow CATS??? :)
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stephenjames716
these look very nice. congrats to all those involved!
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Perry
They do look very cool.
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NewBuffalo
not meant for the 27K income crowd. this is what the city needs, bring in higher income level residents.
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rubygreta
Of course the usual posts - the median income is only 27K, who can afford it? There are actually tons of people who can afford it. And if the people who can afford it balk at the rent, the rents will be lowered.
Such negativity over such an amazing project.
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TownLine
There absolutely is a market for lofts in this price range. Take the news story yesterday that the new W. Utica condos have already sold 2 units, and they were the highest priced units first. For so long, there has been such a complete lack of diversity in Upscale housing in Buffalo, we're only beginning to tap the market. Thats why it really burns me up that Paladino got tax abatements for his condos on the waterfront. What a waste, I guarantee they would have sold out anyway.
That being said, there is also major demand for the more affordable living options like Hollings Place and IS downtown. Really, these projects need to be happening faster, but expensive and cheap - the market will support it.
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Biniszkiewicz
The depth of the high dollar rental market is unknown by any of us. We're guessing, just as the developers and financial backers are guessing. All speculative development is based on conjecture. The marketing studies supporting this development are conjecture, too. We'll see over time how they rent and how well they stay rented. All of us are hoping the market is deep and wide.
One hears whispers that other high dollar apartments are too often going vacant. It's said that many tenants who initially rented at some of those celebrated high profile, high rent addresses (previous rehabs) subsequently moved out after the first lease term, disappointed in the overall quality and size of the spaces. It's rumored that replacing lost tenants is proving difficult. I hear rumors only. Inside information affirming or disputing same would be most welcome. Someone advised me to count the number of dark vs. lit windows in the evening at some of these buildings. It's an interesting excercise.
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Andrew
This is such a good project and should be something that similar projects look to for inspiration. Congratulations to the owners/ developers
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doc
Pay no attention to the negative ones. Their posts are first because they sit staring at a PC screen all day and wait to get the jump on every new story and turn good news into bad. Their posts are negative because they have no money and are angry. Not much looks good from their corner of the world. To many Buffalonians, $1295-1995 a month is a joke. I'm thrilled the city is getting more high-end tenants.
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JiminyCricket
"Pay no attention to the negative ones. Their posts are first because they sit staring at a PC screen all day and wait to get the jump on every new story and turn good news into bad."
Really?!?!? Is that it? Wow. You're SO smart! Should EVERYone *gush* over any and all development in the city of Buffalo? Sorry, ace, but I get Artspace, this however - I don't get. You could buy a HOUSE, a HOUSE, and a nice one in a great neighborhood for that kind of dough. What exactly is the advantage to a tenant paying $1295-1995 to live in THAT neighborhood? The advantage is for the developers since if tenants occupy, it brings that area back from the dead which means eventually MORE tenants paying those ridiculous rents and still living 6 blocks from the DMZ. And I'm glad that $1295-1995 a month is a "joke" to "many Buffalonians." You must be talking about the ones living on the waterfront or in one of the other high priced "lofts."
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ktl2277
These rents being high have a hidden benefit, when this building converts to condos the current tennants will be able to afford the mortgage payments.
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pgf1948
If you can stand all that ugly ductwork running through the visible living space of your apartment-- FIne! But, shouldn't there be more in return? As much as $2000 a month. Is there any place to lay down the daily mail? Please: looking at these rents, never tell me NYC is over-priced.
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RisingDamp666
The kid's dorm room at MIT looks about like this but without the fussy details: who needs big flower vases when you've got wi-fi?
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vgs
well pgf I think NYC would actuallly be about 4-5K for a space like this. I always used a formula that rent/mortgage should equal a weeks pay so if the rent is 2K the total houshold income should be about a 100K and the less expensive units 50K a year salary. Thats not so bad. A single executive or childless couple could make it happen.
And the comment about buying a house in a nice neighborhood for this money, well you are right, but not everyone wants a house and a lawn to mow, a driveway to shovel or a roof to replace. This is fuss free living for a certain demographic.
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RisingDamp666
Yeah, this has "childless couple" written all over it.
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pgf1948
vgs
Well, maybe. The difference is that New York City has jobs-- lots of them. At least for the time being. And good (by American standards) public transit. And great opera, museums-- well, on and on. $2,000 a month to live in Buffalo? What for?
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RisingDamp666
$2,000 in New York gets you one quarter of a crudely carved-up basement bedroom in Queens with a family from Mali as your close, and I mean, very close neighbors. That notwithstanding, my two grand ain't gonna be spent on a lovely view of ductwork in Buffalo. For that money, you can get a house in Elmwood with a hanging planter from Home Depot filled with adorable pansies.
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pgf1948
Rising Damp
Nonsense.
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RisingDamp666
pgf1948.
Trivial and misdirected.
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