Downtown Buffalo Gets a New Look: $60 Million Mixed-Use Development to Transform Underused Parking Lot Into Vibrant Housing and Retail Hub
A new development is set to transform a key site in downtown Buffalo, as a longtime parking lot behind the Hyatt Regency is being replaced by a $60 million apartment project. The Buffalo Urban Development Corporation approved the sale of the property to Ellicott Development Co., which plans to construct a 12-story mixed-use building featuring 210 apartments, 6,000 square feet of commercial space, and a rooftop terrace. The development aims to attract more residents and businesses to the area, revitalizing a section of the city that has long been underutilized.
Mayor Byron Brown expressed enthusiasm about the project, emphasizing its potential to boost downtown vibrancy and create new economic opportunities. Ellicott Development CEO William Paladino noted that the project will address the demand for high-quality downtown housing, while also supporting the area’s retail sector. Construction is expected to begin later this year, with completion targeted for 2026.
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