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Ribbon Cutting: Historic Warehouse Lofts

As the winter season approaches an end, it is nice to see another downtown living situation come to life. The historic Warehouse Lofts, located a stone’s throw from the Buehl Building and the Central Library celebrated its first real day in the public eye yesterday as The City, investors, and well-wishers toured the building and attended an official ribbon cutting. These 30 loft-style units are really something. The thought and detail that went into the layout will go far to ensure that the occupancy (already at 50%) stays high down the line.
One of the key features of the each apartment is the attention to floor elevation. Since the expansive windows were high off the ground, the developer, owner and architect, Jake Schneider, decided to bring the loft dweller up to the view. That means that when you look out the window, instead of looking upwards, you can see an un-obscured panoramic view of the city. The daytime views are views nice… but I hear that the nighttime views are spectacular. As you can see, the apartments are spacious and contemporary. I had the opportunity to see the demo unit, furnished by ‘room’ on Elmwood Avenue, as well as one of the ‘spoken for’ units (photo). Whether the unit is a single or a double, each unique apartment offers communal storage, pantry, walk-in closets, off-street parking, soaking tubs, modern appliances, fireplace, high ceilings, and a free one-year membership to the Burt Flickinger Athletic Center (swimming, jogging track, basketball, etc.).
Apartment units range from 1100 sq.’ to 1700 sq.’ and fetch rents between $1295 and $1995. The 8000 sq.’ second floor has also been spoken for by Student Voice, a commercial entity (part two of this story), and the word is that the overall rentals are well ahead of schedule. It is important to note that without the project financing to the tune of $3.5 million (construction) and $2.75 million (permanent loan) by Community Preservation Corporation (CPC) as well as an additional $2 million predevelopment loan by the City of Buffalo Urban Renewal Agency (BURA), this project would never have seen the light of day.
Twenty-five years ago, this building was slated for demolition. Today it stands, with the help of historic tax credits, to offer city dwellers the chance to live in another exciting loft-style conversion. Hopefully this investment will be a catalyst for continued development opportunities around the site.
Click here to learn more about the history and to see additional photos of the loft-style units.
Photo (L-R): James Rykowski – CPC, Jake Schneider – Developer, Brian Reilly – The City’s new Chief Economic Development Officer (one week in Buffalo and looking for a loft downtown… he’s a re-pat).
For more information about living at The Warehouse Lofts (210 Ellicott), visit the website.

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