Alling & Cory

  • Architectural firm: Jake Schneider
  • Developer: Jake Schneider
  • Building Use: Residential
  • Project Type: Rehabilitation
  • Floors: 5
  • Cost: $15 Million
  • Est. Completion Date: 2010
  • Description of Project: The project would turn the six-story, circa-1910 industrial building into a mix of studio, one-and two-bedroom units with room for 287 residents. Monthly rents would range from $500 per resident for apartments accommodating up to four students, while the cost of a one-person studio would be $685 per month
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***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.

Friday, March 13th, 2009 Under Construction

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