The Trico building still stands, and now concrete plans for its redevelopment are coming to light. Buffalo Brownfield Restoration Corp. will sell the building to the Krog Corp. for $45,000. Two hotels, an extended stay and a boutique-style, will anchor the project with 230 rooms. Commercial and apartment space will also be available.
In recent years, calls were made for the building to be demolished, especially after pieces crumbled onto Goodell Street. Peter Krog had eyed the Trico building nearly a decade ago, before the rapid development of the Buffalo Niagara Medical Campus (BNMC) had allowed developer confidence in that area to take flight.
On top of the momentum created by the BNMC and other development downtown, the successful conversions of buildings of similar size and function in the Larkin District make this project more feasible. The plans for 500 Seneca’s conversion may offer a glimpse of what a converted Trico building could look like.
For an in depth look at the deal and the plans, see James Fink’s article from Buffalo Business First.