Momentum seems to be picking up everywhere, even through the winter. Ellicott Development’s work on The Graystone, despite its previous condition, is another step forward for Downtown.
From The Buffalo News:
After years of abandonment and decay so severe that trees grew through the roof of the six-story building, the former Graystone Hotel in downtown Buffalo has been given new life as a 42-unit apartment complex, following a two-year reconstruction and redevelopment effort by Ellicott Development Co.
The new Graystone Residences open today at noon at 24 South Johnson Park, with a mixture of studio, one-bedroom and two-bedroom apartments. Rents are from $750 to $1,600 per month – mostly in the $900 to $1,200 range – with about 25 percent to 30 percent already leased, said Ellicott CEO William Paladino. Read more here.