Stuart Alexander and Associates, SCG Development and Dr. Rhonda Ricks purchased 7.98 acres of the Buffalo Forge site yesterday where a mixed-use project is planned. SAAKC Buffalo Forge LLC paid $350,000 for the site that includes 490 and 498 Broadway; 187, 213, 233 Mortimer; and 498 and 516 Spring Street. Howden North America Inc. was the seller.
Apartments, for-sale townhouses, and commercial space are planned for the Forge on Broadway development. The apartment building will be four-stories along Broadway and three-stories along Mortimer Street with a total of 159 units. Eighty percent of the apartments would be available for workforce families and other residents earning at or below 60 percent of the Area Median Income.
There will be 25 for-sale townhouses constructed along the north end of Mortimer across the street from the Sycamore Village subdivision and also along the south side of Sycamore Street. Silvestri Architects is designing the project.
The Buffalo Forge site has been vacant for over a decade. In 2006, current owner Howden Buffalo applied for and received permission to demolish the factory covering a full city block along Broadway, Sycamore, Spring and Mortimer streets due to unsafe conditions and structural problems.