When Jeffrey and Leslie Wynn (Gold Wynn) purchased 69 Delaware originally the Buffalo Athletic Club (BAC) back in 2018, they knew that they had a promising building on their hands. Aside from Jeffrey’s love of art deco aesthetics, he also saw the prime location of 69 Delaware as a major draw for tenants, including Jonny the Barber (Jonathan Palmeri), Esporta Fitness, and Ashker’s Café.
Unfortunately, during the pandemic, Ashker’s closed, leaving a dearth of food and drink options in the immediate vicinity. Now, Jeffrey is putting the word out that they are looking for a tenant to fill Ashker’s’ shoes.
“This was once the location of Shayleen’s, which did a huge business and serviced the area, but closed due to retirement,” said Jeffrey. “This location, as most people know, is literally a culinary desert, with very few bars or restaurants close by, yet surrounded by City Hall, all the city and state courts, and office buildings, the new police building on the square, and now a lot residential coming online with the Statler (600 apartments coming), the former police station building (120 units a block away), as well as so many other residential buildings opening up nearby, making this a 24-hour demand, notwithstanding the building itself has 12 stories of hungry and thirsty lawyers…”
Since acquiring 69 Delaware, the Wynns have conducted extensive remodeling to the interior of the art deco lobby, with a new high end (and very busy) barber shop. Jeffrey knows that the right restaurant tenant will help to complete the bigger picture.
Personally, I recall when the restaurant was Andiamo – my mother and I would go there for lunch all the time. We always enjoyed the vibe – it was always full, servicing the downtown lunch crowd. We were both sad to see it close its doors. At the same time, I was elated when I saw that Ashker’s was taking it over. Now, it’s back to the drawing board. But the good news is that the turnkey space is raring to go, now that downtown offices and businesses are reopening.
Besides being a great restaurant space in a prime location, it helps to have a building owner that is so hot on Buffalo. Although the Wynn’s own and manage properties all over the world, they have come to find Buffalo an up and coming market to invest in. Not only are they renovating the buildings they are purchasing, they are also looking to acquire additional properties, including surface lots to build upon (similar to what has happened in Toronto, their hometown).
“We want to create density in Buffalo,” Jeffrey said. “We have the infrastructure, the radial street grid… Buffalo has so much going for it right now. We are looking to build on all of that.”
Wynn’s goal is to create a more bustling, walkable Buffalo. And it starts with adding more residential units to the mix – something that Buffalo is now starting to see. It also starts with creating desirable destinations and conveniences, which is where 69 Delaware comes into play.
“We’re looking for a great and reliable restaurant to elevate the space,” said Jeffrey. “People keep asking for a place to eat and drink. We need a space that speaks to a lot of people.”
Get connected: Chris Greco @ Greco Real Estate | (716) 884-3500