News: Brokerage

Concept Construction begins construction on $28 million Wyndham Garden Hotel & Suites

Concept Construction Corp., specialists in commercial general construction, construction management, design-build and sitework services has broken ground at 5195 Main St. to construct the Wyndham Garden Hotel & Suites and Apartments, by Ellicott Development. The mixed used hotel and upscale apartments are located on the former site of Stereo Advantage. At an estimated cost of $28 million, the 220,000 s/f, 6-story structure will serve as a residential, hotel and retail facility. When completed, the first floor will have 3,500 s/f of retail space, a hotel lobby and a separate 3,000 s/f restaurant. The second through sixth floors will include 120 hotel rooms, including 25 suites, 33 apartments with 1st and 2nd floor parking directly beneath the hotel. An indoor swimming pool, spa and fitness facility are just some of the additional amenities included in this first rate facility. Western New York is beginning to show signs of recovering economy and that has lead to a resurgence of new construction projects locally. As consumer confidence continues to grow, small business owners have expanded their investments and regional development projects have increased. This new mixed-use project is an excellent example of that. "We have always felt that it is a privilege to be selected as the general contractor on any job. We are pleased to be doing another project with Ellicott Development and are very proud of our long standing relationship with them," said Concept Construction's founder and CEO Michael Shevlin. With the sitework nearly complete, foundations are expected to begin soon.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

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