Cheers to continued revitalization by Tudor

As we reflect on the wonderful holiday season, close out 2015 and begin a new year, we have much to be thankful for. The local and national economy is thriving, construction is booming in Western, N.Y. Jobs are being created. Cranes are in the sky. Bulldozers are clearing land. In fact, it was recently reported by the Bureau of Labor Statistics that “Buffalo is the hottest construction market in the Northeast.” Let me repeat that. “Buffalo is the hottest construction market in the Northeast.” When my partner Patty and I began in the commercial real estate market eighteen years ago, the running joke was last one out, turn off the lights. It seemed like every building was vacant with no hope and there was no collaboration what-so-ever amongst the elected officials, developers, economic development agencies, etc. Fast forward to the present and there is the new normal. Everyone has put past practices aside and enjoys a seat at the table. We are now clearly one region. We are seeing new projects throughout all 8 WNY counties - the entire region benefits. Take a slow drive from our waterfront (outer and inner harbor), along the historic cobblestone district, up Main St. from our hockey arena and baseball stadium, to the medical campus and everywhere in between, there is evidence of a new Buffalo. Seems like no building or block has gone un-touched. Travel along the highways to Niagara Falls, North Tonawanda, and Lockport and you see evidence in those cities as well. Back at our office in Amherst, N.Y., Patty and I have now gone independent and formed Tudor Collins Commercial Real Estate, continuing with the theme of change going on all around us. Where we once concentrated heavily on the warehouse, industrial, flex market, we even had to change with the times based on the low inventory of that product. We have recently taken on two new listings of very iconic and historic multi-tenant, multi floor office buildings: The historic Bewley Building in the city of Lockport, and 15 Webster St. in The city of North Tonawanda. Both offer excellent views of the historic Erie Canal and have space for lease. They are also both available for sale to an investor or an owner-user.  Cheers to continued revitalization over the next eighteen years, and beyond. Happy New Year! Eric Tudor is co-owner of Tudor Collins Commercial Real Estate, Buffalo, N.Y.