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Sales Watch: Over Half Sold at Historic Warehouse Lofts

Schneider Development has begun finalizing sales at its Historic Warehouse Lofts condominium conversion at 210 Ellicott Street.  Five purchases have closed since October 5 ranging in price from $235,000 to $290,000 for a total of $1,285,000.  Of the 30 units in the building, Schneider reports that 17 are under contract or sold.

Historic Warehouse Lofts is the result of a $7.5 million conversion of the former Seneca Paper Co. warehouse.  Originally constructed in 1913, the seven-story building is one of the first concrete frame warehouse buildings in the United States. The building is a contributing structure in the J.N. Adams – AM&A’s Historic District and reopened for residential tenants in 2007.  Since the developers utilized Historic Tax Credits (HTC) to help offset the cost of rehabilitation, the building could not be utilized for condominiums until the five-year recapture period had ended.

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The building features covered parking and 8,800 sq.ft. of commercial space on the second floor.  The residential floors, levels three through seven, each have six units with one or two bedrooms and 950 to 1,665 square feet of living space.  Prices range from $215,000 to $365,000.  Units feature hardwood flooring in the main living areas, central air, stainless steel appliances, soaking tubs and stand-up showers, quartz kitchen countertops, panel wood doors, ample closet space, in-unit laundry, and double-sink master bathroom vanities.  Owners also have access to basement storage areas.

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Last year, Schneider Development recently Apartments at The Hub, 50 upscale loft apartments and retail space in two historic buildings at 145-149 Swan Street.  The company is also busy with the redevelopment of 295 and 305 Niagara Street into a mix of residential and commercial space.  The 40 units at the Turner Bros. Lofts project will be tenant-ready in May.

Get Connected: Schneider Development, 716.923.7000 \ Or click here for info

 

Written by Buffalo Rising

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