Alling & Cory
***UPDATE 05/09/09***
Earlier this month, Jake Schneider’s AC Lofts LLC purchased the former Alling & Cory paper storage facility at 136 North Division St. for $1.85 million from AC Eagle LLC. Schneider is leading a group of five other investors who intend to spend $15 million to convert the six-story historic building into residences for nearly 300 students.
The proposal already won approval from the city Planning Board in March, and received $554,000 in tax incentives from the Erie County Industrial Development Agency last month. The group plans to begin interior demolition at the end of this month, and construction in June. R&P Oak Hill is the construction manager.
Schneider is hoping to complete work on the historic red brick and concrete building within 12 months, so it can receive the first student residents by the fall of 2010 — in time for the building’s 100th anniversary.
448 Elmwood Ave.
Prime Retail/Commercial/Medical/Professional Office building in heart of Elmwood Village. Planned occupancy December, 2009. Anchored by upscale Toronto-based Coffee Culture Cafe. Owner will build to suit.
Elmwood Village named “Top 10 Great Neighborhood” in America by the American Planning Association for its vibrant mix of world-class residential and institutional architecture, broad spectrum of cultural and social assets, prosperous commercial district of over 200 shops and restaurants, four large colleges and universities and high community standards.
** UPDATE:** 2/17/09
FJF Development LLC has purchased the former KFC for $425,000.
