AMRI’s and NYS plans for Conventus come to light

The $250 million Buffalo Medical Innovation and Commercialization Hub, together with anchor tenant Albany Molecular Research Inc., comprised the first “Buffalo Billion” project and was announced by Gov. Andrew Cuomo in December 2012. Several locations on theBuffalo Niagara Medical Campus fell through before Ciminelli Real EstateCorp.’s Conventus building at Main and High streets was chosen. The BMIC Hub will occupy all of the seventh floor.

The state’s $50 million is to be split between real estate acquisitions and equipment and build-out costs. It sets an employment goal of 250 for tenants of the hub by 2020 — but does not mention penalties for failing to meet that goal. ESD noted that AMRI received about $2.25 million in ESD grants between 1999 and 2000, and though the employment goals weren’t met, the penalties were waived.

Ciminelli added a seventh floor to Conventus after it landed AMRI, and the resulting lab is expected to be about 47,000 square feet. In addition to the molecule library, the lab will include state-of-the-art pharmaceutical screening capabilities, biomarker development and bioinformatics resources to support research and development, according to the minutes.

“The work underway in Buffalo fits nicely with our strategy,” Marth said. “We are continuing to collaborate with the State of New York as they develop a world-class translational science center at the Buffalo-Niagara Medical Center which will enableAMRI to offer next generation discovery platforms and capabilities in the areas of chemistry, biology and pharmacology in a unique open-innovation model.”

Read more here from Dan Miner at Buffalo Business First

Great American Cleanup

Saturday, May 3rd we hope you will participate in Neighborhood Litter Cleanup, joining Keep Americia Beautiful, Inc. Check in will begin at 9:00AM. Cleanup is 9:30AM-11:30AM.

Supplies will be provided and you are welcome to join us for a free lunch!

There will be 2 cleanup locations, Buffalo  Recycling Enterprises, located at 266 Hopkins Street and WNY Maritime Charter School, located at 266 Gensee Street.

Signup for the cleanup by calling 716-405-1265 or by emailing joleighw@modern-corp.com.

This is a rain or shine event-hope to see you there!

http://buffaloplace.com/app.aspx?st=10300&e=eventdetail&eid=8121

Fenton Village Rehab

Original post from Buffalo Rising can be viewed by clicking here.

 

Sinatra and Company Realty is almost complete with their first phase of rehab to the former Fenton Hotel.  Located on West Ferry, between Main and Linwood, the building has 23 apartments that will be ready for occupancy within the next few weeks.  All of the units are already leased, with rents averaging $1,300 per month.

 

With phase one almost complete, they will now begin to focus on the building at 1526 Main Street.

Genesee Gateway district adds more restaurants this summer

The Genesee Gateway district in downtown Buffalo is about to welcome a new deli.

Marco’s Italian Deli will be leasing a portion of the first floor in the Genesee Gateway Building, with the intent of opening this summer. That ties in with Catholic Health moving into its new corporate headquarters and training center, almost across Oak Street. Marco’s is leasing 4,000-square-feet facing the Genesee and Oak street corner of the building.

Marco’s joins a growing list of new restaurants planned not only along the Genesee Gateway stretch but also along downtown’s 500 block of Main Street.

Read more from Jim Fink at Buffalo Business First here.

Working For Downtown

Williamsville-based company looks to expand downtown

ColoCrossing Inc., a Williamsville-based data center, is adding staff and preparing to move its headquarters to downtown Buffalo.

Joseph Robinson, vice president of corporate development said that the 24-person company, founded in 2003 and located at 8195 Sheridan Dr., is weighing its options for a new office. Sites on Main Street and Delaware Avenue are being considered, he said, to expand the company’s 5,000 square-feet of data center.

Read more here from David Bertola at Business First

Canal work at Aud site is coming together

The actual construction work on the canals is approximately 57 percent completed and due to be finished by mid-October. The $23 million project has been delayed as the Erie Canal Harbor Development Corp. found itself in a complicated legal battle with Depew’s DiPizio Construction. The legal matter remains unsettled in New York State Supreme Court. DiPizio, the original low bidder on the project, is no longer working on the canals and was replaced by the Pike Co.

Read more here from Jim Fink at Business First

Brown Bag Lunch Series

Join us for installment of the Brown Bag Lunch Series. May’s guest speaker is Leslie Zemsky, Director of Fun at Larkin Square, who will discuss Larkinville Summer 2014 Events.

 

Larkin Square, located in the  heart of Larkinville, is open to the public and filled with colorful furniture and whimsical architecture. Larkin Square is home to assorted special events including Food Truck Tuesdays, Live at Larkin Wednesday concerts, and the Larkin Square Author Series.

 

Leslie will be discussing the Larkinville Summer 2014 Events.

 

Save a seat or pay for your lunch online, click here.

 

298 Main to be converted into apartments

All of downtown is seemingly ripe for development these days.  This from James Fink at Buffalo Business First:

Plans to renovate the upper floors of a historic downtown Buffalo office building into residential units is taking a big step forward with a prominent developer agreeing to take part in the project.

Representatives from Ciminelli Real Estate Corp. confirmed they will be partnering with the Kissling Interests LLC on a proposed $8 million makeover of the White Building at 298 Main St. Plans call for renovating the buildings top floors into at least 24 apartments.

Floors seven through 10 have been largely vacant since the DamonMorey LLP law firm moved from the building to the Avant Building.

The deal came about through the close relationship that Dennis Penman, Ciminelli executive vice president and principal, has with New York City-based Anthony Kissling, Kissling Interests namesake and founder. Kissling has been investing in Buffalo area real estate for nearly 15 years.

The White Building deal may open the door for other joint ventures between Kissling and Ciminelli, although both Penman and Kissling said there has only been preliminary talks.