Share, , , Google Plus, Reddit, Pinterest, StumbleUpon

Print

Posted in:

Transformative Opportunity on Kelly Island

One week from today, a significant parcel of property at the Middle Harbor will be going up for public auction. 201 Ganson Street, the former Man O’Trees, is heading for the auction block. The property boasts 13 acres of land, and 1650′ of waterfront footage along the Buffalo River. The opportunity arises as a number of other developments are taking hold in close proximity to this Kelly Island parcel. RiverWorks is located next to the site. RiverFest Park is across the river, as are a number of new development projects, including those by Paladino and Savarino. Silo City is down the road, and the Ohio Street development project is reaching completion.

This sale is a transformative opportunity for the waterfront, if purchased by the right buyer. At the same time, some waterfront advocates fear that a purchase could be made by parties that don’t want to see additional traffic along Ganson Street. There are five buildings included in the package sale, amounting to 54,544 square feet. The property was formerly that of American Ship Builders.

Cash Auction terms are as follows. $100,000 deposit (cash or certified funds) due at the time of the sale. Balance to 10% within five business days, and close in 30.

The auction is Wednesday, June 17, 2015 at 10am. 201 Ganson Street, Buffalo NY.

Kelly-Auction-Buffalo-NY-2

Written by queenseyes

queenseyes

Newell Nussbaumer is 'queenseyes' - Eyes of the Queen City and Founder of Buffalo Rising. Co-founder Elmwood Avenue Festival of the Arts. Co-founder Powder Keg Festival that built the world's largest ice maze (Guinness Book of World Records). Instigator behind Emerald Beach at the Erie Basin Marina. Co-created Flurrious! winter festival. Co-creator of Rusty Chain Beer. Instigator behind Saturday Artisan Market (SAM) at Canalside, Buffalo Porchfest, and Paint vs. Paint. Founder of The Peddler retro and vintage market on Elmwood. Instigator behind Liberty Hound @ Canalside. Throws The Witches Ball at Statler City, the Hertel Alley Street Art Festival, and The Flutterby Festival.

Contact Newell Nussbaumer | Newell@BuffaloRising.com

View All Articles by queenseyes
Hide Comments
Show Comments