Gates Circle is getting a grassy knoll. It will be on the site of the Park Lane where Uniland Development has begun demolition of the shuttered restaurant. The developer unveiled plans for a 23-story condominium tower for the site in 2006. Delayed by lawsuits and a shaky economy, Uniland tells the Buffalo News that they “hope to break ground in 2010.” Demolition of the circa-1974 Park Lane was approved in October.
Uniland says it is committed to building luxury residences at Gates Circle but now says it will not start work until 2010. Since announced, construction costs, driven by fuel and steel prices, have skyrocketed and the economy has soured. The Buffalo News has the details:
The restaurant site should be clear within a week, and grass will be planted in the spring to soften the look of the parcel until construction begins.
“We hope to break ground on the project in 2010,” Griggs said.
The developer initially had planned to start construction this year, with completion in late 2009, but was delayed by a lawsuit filed by residents of the adjacent Park Lane Condominiums and by the tweaking of the final design.
Uniland purchased the prominent Park Lane site on Gates Circle in May 2006 and unveiled the design for the ultra-luxury, 23-story tower one year later. The project received city approvals in September 2007 and was quickly hit with a lawsuit by neighbors.
With pricing starting at $450,000 and topping $2 million for penthouse units, the developer is aiming for the small, ultra exclusive market. The project is expected to include a library, community room, wine cellar, multi-media room, and doorman. Units will feature 10-11′ ceilings, terraces, floor-to-ceiling glass, contemporary kitchens, walk-in closets, and spa-like bathrooms.
The developer is quietly selling units at the Avant project downtown off its interest list. Units there are priced from $350,000 and due to demand for larger suites, the project is likely to end up with fewer units than the 37 originally planned.
In the meantime, the cantankerous residents in neighboring 33 Gates Circle will get the front lawn they have been dreaming of.