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Hamister Plans 2015 Start for Redesigned Falls Project

NFHamister-thumb-575x320-27061NFHamisterAfter wrapping up conversion of the Tishman Building into a mixed-use complex on Lafayette Square, the Hamister Group is turning its attention to a planned Niagara Falls project.  Hamister was selected as designated developer for a long-vacant parcel at Old Falls Street and Rainbow Boulevard in 2012 after beating out six other proposals.  Originally planned as a Hilton Garden Inn, the hotel will now be a Hyatt Place.

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With the hotel flag change, the building has been redesigned as well.  Carmina Wood Morris designed both versions of the Falls Street project.

The $25 million Hilton Garden Inn called for 104 upscale hotel rooms, 24 residential units and up 8,000 square feet of retail space in a five-story building.  The planned Hyatt Place is six-stories with 125 rooms, and 8,100 sq.ft. of retail space.  A total of 12,000 sq.ft. of banquet space is planned including a banquet room on the top floor that connects to a 2,500 sq.ft. rooftop patio.  There is no residential component and the cost has grown to $35 million.

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Work on the project is expected to being by June with construction taking about a year.  New York State is providing $3.85 million in funding for the project.

Written by WCPerspective

WCPerspective

Buffalo and development junkie currently exiled in California.

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