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Ellicott Development Snags Ganson Street Site

Ellicott Development has added 1,650 feet of Buffalo River frontage to its portfolio. At $2.17 million, the development firm was the high bidder for the Man O’Trees property located at 201 Ganson Street. The 13-acre site is located south of the RiverWorks complex and is largely vacant.

Ellicott now controls a large stretch of the Buffalo River frontage between Michigan Avenue and South Street. On the east bank of the river, Ellicott owns a 7.26 acre parcel with over 1,200 feet of Buffalo River access. The company has approvals to construct a five-story, 54,000 sq.ft. building at the north end of the parcel that will have 21 one and two-bedroom apartments on the top three floors, office space on the second floor, and a restaurant on the first floor. Work is expected to start this year.

The Ganson Street parcel is across from Buffalo River Landing, a new 78 unit luxury apartment building to be constructed by Sam Savarino and Frontier Group of Companies, LLC.  Ellicott Development is not expected to propose a residential reuse of the site. Ellicott Development Chairman Carl Paladino and CEO William Paladino told Business First “because of the industrial neighbors like General Mills and ADM Milling plus the Buffalo RiverWorks complex, residential would be a poor development choice for the property.”

Written by WCPerspective

WCPerspective

Buffalo and development junkie currently exiled in California.

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