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New Developer, New Design for Forest Avenue Apartment Complex

A housing project near Buff State is alive but with a new developer. DHD Ventures is seeking City approval to construct a $25 million 10-building complex at 100 Forest Avenue. It will be geared to students but the apartments will be open to non-students as well. In 2013 Campus Crest Group had the property rezoned for a similar project but did not move forward. Buffalo Business First has details on the new developer’s plans:

New plans show DHD Ventures still building 10 structures, all either three-story or four-story units, that could house up to 592 students. The complex will include nine residential units and a 8,550-square-foot clubhouse.

All of the suites would be suite-style. The average suite will have 1,200-square-feet and house either two or four students.

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Elevation from Business First

100 Forest Avenue is a 273,000 sq.ft. manufacturing facility once occupied by Bristol-Myers Squibb and later Contract Pharmaceuticals. It sits on a 22-acre parcel at Forest and Danforth Street and was purchased by Industrial Realty Group in April 2012 for $4.7 million.  DHD, headquartered in Charlotte with an office Rochester office, has an option on the property.

Work on the One Hundred at Forest development could start this summer. Passero Associates is designing the project.

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Written by WCPerspective

WCPerspective

Buffalo and development junkie currently exiled in California.

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