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Big Deal: Sinatra Expands Main/Ferry Holdings

Developer Nick Sinatra has purchased additional property in the Main/Ferry neighborhood.  Sinatra purchased 1487 Main Street and its adjoining parking lot on Friday from Column Development Inc. for $825,000.  Sinatra says the purchase was for investment, not redevelopment purposes.  The one-story, 5,400 sq.ft. building is occupied by Child & Adolescent Treatment Services, a mental health agency.  

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1487 Main is one block south of Sinatra’s Fenton Village project at the corner of Main and Ferry streets.  Late last year, Sinatra purchased the historic Fenton Hotel at 945 W. Ferry Street.  The building, constructed to accommodate guests attending the Pan Am Exposition in 1901, contains 23 apartments.  This year he acquired a vacant lot at 1516 Main, a small structure at 1524 Main, and 1526 Main, a prominent, three-story corner commercial building.  The Fenton Village properties will be renovated into a mix of 31 apartments and commercial space.  The first apartments in Fenton Village are expected to be ready for occupancy in six to eight weeks.
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Main and Ferry is getting a long-overdue makeover.  Housing Opportunities Made Equal (HOME) restored an architecturally significant building on the northwest corner of Main and Ferry streets and a three-story addition was constructed along Ferry. The expanded building now houses the offices of the civil rights organization as well as ten units of affordable housing.
The renewed interest appears to have spurred a Buffalo Urban Renewal Agency Request for Proposals for a vacant building at 1556 Main Street.  The one-story structure is 2,632 sq.ft. on a 74′ x 174′ lot zoned General Commercial.  It was previously used as a body shop.  Proposals are due January 25.
The purchase of 1487 Main caps a busy year for Sinatra.  Sinatra & Company Realty has purchased over a dozen properties with an excess of 200 apartments and 100,000 sq.ft. of commercial space in Buffalo and surrounding suburbs.  In the city, Sinatra’s focus has been in the Elmwood Village and areas near the Buffalo Niagara Medical Campus.
 
Get Connected: Sinatra & Company Realty, 716.220.8468

Written by WCPerspective

WCPerspective

Buffalo and development junkie currently exiled in California.

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