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Scott Croce adds 475 Delaware Avenue to his Portfolio (and then some)…

475 Delaware Avenue – red brick

Scott Croce has picked up a couple of significant buildings in and around The Midway row houses on Delaware Avenue. Croce, doing business as Leo Strong LLC, closed on 475 Delaware Avenue last week.

471 Delaware Avenue

The four-story, renaissance revival mansion is located directly next door to another one of Croce’s recent Midway acquisitions – 471 Delaware Avenue, which he purchased in 2016. Renovation work slated for that building (formerly Manny’s Restaurant) has been granted preservation approval, prompting Croce to issue an RFP for contractors – bids are due in early May. Office space is designated for the first three floors, along with a fourth floor residential unit.

475 Delaware Avenue currently houses a sole tenant that occupies most of the building – Feuerstein & Smith, LLP. The law firm will probably be downsizing to the first and second floors (negotiations are underway). Croce anticipates on building out two large residential units on the third and fourth floor respectively. See Zillow listing for some great interior images.

475 Delaware Avenue – Images: Zillow

The purchase of 475 Delaware Avenue also comes on the heals of another of Croce’s recent purchases. Six months ago he acquired 2 Virginia Place, which features a quirky mansard roof. Croce says that he’s going to convert the two-story structure into a live-work space, where the dweller can pull right into the garage, while residing on the second floor. The pad is vacant at the moment, but Croce feels that when work is complete, the reconfiguration will be ideal for an employee at the Medical Campus.

2 Virginia Place

Now that he is in possession of these new listings, Croce owns 50% of the corner. In 2013, he wrapped up a significant ‘new build’ mixed-use project at the former site of The Cloister (see here). Ever since that purchase, Croce has literally been eyeing the buildings across the street, and putting down offers as they come up on the market.

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

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