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Big Deal: Parking Ramp Sold for $3.1 million

Parking is king in Buffalo, particularly if you are a landlord looking to attract or retain tenants. To that end, Paul Kolkmeyer’s Priam Enterprises has secured parking near its three buildings it is redeveloping on the east side of Main Street north of Seneca. Priam’s 93 Pearl Parking LLC purchased the ramp at 93 Pearl Street yesterday for $3.1 million from Victor Pearla Associates Inc. The four-story ramp with first floor commercial space has gobs of potential with terra cotta cladding but blocked-in windows.

Paul Kolkmeyer bought the nearby Marine Trust, Roblin, and Stanton buildings from David Sweet for $3.2 million in 2014. The Stanton Building at 251 Main Street has been rechristened The Glenny. The five-story, circa-1873 building was converted into thirty-six one-bedroom, 1-1/2 bath apartments along with a restaurant fronting Main Street. Wylier & Associates designed the project and Preservation Studios worked on the historic preservation tax credit documentation.

Several new uses are planned for the Marine Trust Building including a new name: The Marin. It will have apartments on ten floors and four floors of office space. A banquet and conference facility will be located in the first floor banking hall and on the second level.

The seven-story Roblin Building will remain mostly office space but a 49 space parking garage is being created in the basement and ground level of the Washington Street side of the building. An elevator will move cars to the basement level.

Get Connected: Priam Enterprises, 716.580.3136


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Written by Buffalo Rising

Buffalo Rising

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