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Hans Mobius Sells Elmwood/Forest Properties

The southeast corner of Elmwood and Forest avenues has a new owner.  Affinity Elmwood Gateway Properties, a subsidiary of Amherst-based Chason Affinity Cos., purchased the properties in a series of transactions today:

• 1109-1121 Elmwood and 607 Forest: $1.1 million from Hans Mobius
• 1101 Elmwood: $200,000 from Patrick Coleman
• 1095 Elmwood:  $300,000 from Horizon Buffalo Portfolio
•  605 Forest: $260,000 from Georgeiadis Pano

In November, Affinity Elmwood purchased 1105 Elmwood for $200,000.

Chason Affinity has not publicly disclosed plans for the pricey and prominent site, but had previously planned to build a residential project catering to nearby Buffalo State College students.  Last September, Mark Chason told the Buffalo News he was “working on a number of options” for the site.

Chason is busy converting the massive Kensington Village complex off Eggert Road in Cheektowaga to a student housing community.

Promising plans for a hotel for the Elmwood/Forest location were frowned upon by neighbors. Deed restrictions on the properties prohibiting commercial use ultimately meant the demise of the proposal.  It remains to be seen if neighbors will warm to residential use of the site.
affinity site.PNG

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