Blue Dawn Inc. purchased a mixed-use building at 1225 Hertel Avenue yesterday. The three-story building contains twelve one-bedroom apartments and three storefronts. Blue Dawn’s BD Hertel LP paid $1,075,000 for the property. 1225 Hertel LLC was the seller.
Blue Dawn Inc. is an investment group that is new to the area. It has strong ties however. Josh Wynn, son of Les Wynn, one of three partners that oversee Gold Wynn Residential, is Blue Dawn’s Managing Director. Gold Wynn owns a number of properties in the city, including the former Buffalo Athletic Club building at 69 Delaware Avenue, and a residential building at 1165 Delaware Avenue. In January Gold Wynn purchased Kissling Interests LLC’s 18 local properties, with 841 apartments and 85,000 square feet of commercial space.
The Hertel Avenue building is located next to the former The Good Shepherd Chapel at 1235 Hertel that RJD Development is transforming into nine apartments and 854 sq.ft. of retail space (below).