The Buffalo Planning Board has approved the plan of local developer, Mark Croce, to construct a $19 million hotel at the Curtiss Building located at Franklin and Huron Sts. The project is scheduled to be completed by late 2010.
The new 110,000 s/f hotel will feature 57 rooms, a 20,000 s/f meeting/banquet hall, a full service restaurant and a spa/salon. A seventh floor will be added to the building, creating room for four suites. The project will be built utilizing sustainable and green practices.
The project received a $1.35 million grant from Restore N.Y. program. The architect is Young + Wright Architectural.
Croce broke ground on the restoration project on September 24.
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account