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Group Buys Chunk of Northern Theater District

A trio of Theater District properties have a trio of new owners.  John Barry, Paul Kolkmeyer, and Chris Jacobs,working as Carriage House Square, purchased 33 and 41 W. Tupper Street and 347 Franklin Street for $700,000 from owner RLM Inc.  The purchase includes two carriage house buildings, the charming Henry Building at 41 W. Tupper, and the one-story Lincoln Coins and Stamps building at W. Tupper and Pearl. They have long-term plans to invest in the properties.

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“The coin shop signed a three-year lease so they are staying put for a while,” says Jacobs.  “We will be incrementally renovating the Henry and other buildings as units become vacant.  Another reason we bought it is for parking.”

The three are renovating the nearby Birzon Building at 686 Main Street into a mix of commercial space and a dozen loft apartments.

“We felt we need to have parking in close proximity for the residential component of the Birzon project,” says Jacobs.

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Jacobs, working as Avalon Development, has played a major role in the redevelopment of the 700 block of Main Street.  He has renovated half of a dozen properties along Main Street into a mix of retail space and loft-like office space that appeal to ‘creative’ and tech companies.  The project at 678 Main Street is the only one with a residential component – two units in the rear portion along Pearl Street.

Written by WCPerspective

WCPerspective

Buffalo and development junkie currently exiled in California.

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