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Big Reveal: Willoughby Exchange at Main and Ferry

Willoughby Insurance wants to build itself a new office at the southeast corner of Main and Ferry streets. The one-story former fast food restaurant turned insurance agency office will be replaced by a 10-story mixed-use building to be called Willoughby Exchange. The $26 million project is to include 101 apartments, office space, and an urban market according to The Buffalo News.

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Craig Willoughby is teaming up with Colby Development on the mixed-use development that has been designed by Silvestri Architects. Some details from the story:

The 125,000-square-foot red-brick and glass project calls for eight stories of apartments above one floor of commercial and retail space on the ground level. The market-rate apartments include 64 one-bedroom units, of about 990 square feet each, and 37 two-bedroom units, with about 1,140 square feet in each. The apartments will rent for $1,200 and $1,500 per month, respectively, plus $75 per month for covered parking.

The project also features 19,000 square feet of commercial space, including the 2,230-square-foot Willoughby Insurance office; a three-story, 4,632-square-foot fitness studio with a pool at the corner of Ferry and Otis streets; 5,500 square feet of space that is still available; and 7,380 square feet of space designated for a urban store. Smith said the grocer would not be a national chain.

ELEVATION-3---3-15-16

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No timeline for construction was given. The project is located along a stretch of Main Street between the Medical Campus and Canisius College that is seeing a flurry of investment. This would be the largest to date.

Get Connected: Willoughby Place, 716.380.0815

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Written by Buffalo Rising

Buffalo Rising

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