A key component of financing for the Historic Warehouse Lofts @ 210 Ellicott Street was approved this week. The Buffalo Urban Renewal Agency closed on a $2,000,000 loan from its Livable Communities Loan Fund to 210 Ellicott Holdings, LLC as the company moves forward with the renovation of the former Seneca Paper building downtown. Work is currently underway on the $7.5 million project that will transform the warehouse located between Eagle and Clinton streets into 30 upscale loft apartments and commercial space.
Originally constructed in 1913, the seven-story facility is one of the first concrete frame warehouse buildings in the United States. The structure possesses high ceilings, open floor plates, and expansive windows making it an ideal candidate for loft housing development.
The developers are utilizing a Historic Tax Credit administered by the State Historic Preservation Office (SHPO) and the National Parks Service to help offset the cost of rehabilitation. In order to maintain the ‘integrity’ of the building according to SHPO, the developers had to keep the former loading docks along Ellicott Street in place. They’ll be utilized for covered tenant parking.
Plans call 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 1,525 sq.ft. and will be priced from $995/month (edit) plus gas and electric. Every unit will have a walk-in laundry room, substantial closet space, a large soaking tub, fully equipped stainless steel appliances, hardwood floors, exposed structural concrete loft ceilings, fireplaces, solid-surface counter tops and maple cabinets. Two bedroom units will have two full bathrooms. There will be a total of 60 gated parking spaces, 15 of which will be covered. 8,000 sq.ft. of office space will be available on the second floor.
A model unit is anticipated to be ready in July with tenants taking occupancy by September. The Historic Warehouse Lofts @ 210 Ellicott Street will be one of the new properties participating in the Downtown Housing Tour scheduled for July 7.
Get connected: Jessica- 716.923.7000