Rocco Termini is planning another North Buffalo conversion project. His Signature Development is proposing to put 38 apartments into the former American Radiator headquarters at 1807 Elmwood Avenue.
The two-story building has 49,600 sq.ft. of space and is just south of Hertel Avenue. It is currently owned by Newbuff Associates and is assessed at $580,000. Paul Kolkmeyer had been eyeing the site for a similar residential conversion. That deal fell through. Current light industrial tenants have reportedly been given notice to vacate the property by May 1.
Termini will be before the Zoning Board of Appeals on February 12 to seek use and setback variances for the project, the first step in the City’s review process.
1807 Elmwood is across the street from Termini’s Foundry Lofts project, the former FWS Furniture location. That 100,000 sq.ft. building is being converted into 46 market rate apartments, 22,000 sq.ft. of commercial space, and a 10,000 sq.ft. restaurant/distillery. Buffalo Spree is moving into its new offices in the complex today.
On nearby Grote Street, the former Houk Wire Wheel Company facility was converted into 22 one and two-bedroom apartments with rents ranging from $950 to $1,275/month. A high-end hair salon and tattoo studio occupy the 3,000 sq.ft. of commercial space in the building.
BMS Design is architect on both of the previous projects. Termini is working with Preservation Studios to obtain historic preservation tax credits for the 1807 Elmwood project.
Get Connected: Signature Development, 716. 842.1938