The new owner of 510 Washington Street is planning a dozen lofts for the seven-story property. Alexandre Apartments LLC, a woman-owned development company headed by Amy E. Judd, purchased 510 Washington Street from John Barry in early-May. CBRE|Buffalo represented the seller in the $340,000 transaction.
Judd said she plans to historically preserve and redevelop the former Loew’s Theatre Company warehouse, which was constructed in 1920. The warehouse was designed by notable architect Thomas Lamb.
The 19,500 sq.ft. building will be divided into approximately 12 luxury loft apartments as well as commercial space on the first floor. The project will preserve the historic qualities of the property, while using cutting-edge clean technologies to power and service the 94-year old building, Judd said. She plans to incorporate solar panels into the design and will seek LEED certification for the building as well.
The building is the tallest building in the critical 500 Block of Main Street that has seen a wave of reuse projects in the last five or so years including new apartments, restaurants, commercial space, and even owner-occupied residences.
Construction on the project is slated to begin in the fall of 2014 and has a projected completion date of fall 2015.