Iskalo Development Co. proposing $8.63 million development plan for mixed-use project at site of former Kane-Doyle Jeep dealership
According to Iskalo Development Co. officials, the company confirmed it wants to demolish the existing buildings that comprised the former Kane-Doyle Jeep dealership and replace them with a series of multi-tenant buildings.
Iskalo was one of the first companies to file an incentive request with the Erie County Industrial Development Agency under an adaptive re-use program approved in December. Iskalo is seeking tax breaks for its $8.63 million development plan for a mixed-use anchor along a busy Delaware Ave. stretch in the Village of Kenmore.
The ECIDA program targets vacant and other properties that can be redeveloped. The agency will consider the proposal at a Feb. 6 public hearing and then at a Feb. 9 board meeting.
"The IDA program is perfect for projects like ours that sit on a main thoroughfare but are expensive to complete," said David Chiazza, Iskalo executive vice president.
Tentative plans call for replacing the two-story, 20,448 s/f dealership building with a similar-sized structure. A second, 11,000 s/f building will be razed and replaced, according to Chiazza.
Formal plans will be submitted to the village of Kenmore in the coming weeks.
Chiazza said he would like to demolish both buildings this year and have the first new one constructed and ready for occupancy within 12 months. No tenants have been signed for either building.
Iskalo bought the Kane-Doyle properties last fall, a few months after the dealership sold its last Jeep. The company paid $950,000 for the two properties, according to documents filed with the Erie County Clerk's Office.
The deal was brokered by Alan Hastings of Hastings Cohn Real Estate.
Hornell, NY A Wegmans Portfolio, a 453,350 s/f grocery-anchored retail portfolio comprising Hornell Plaza in Hornell, and Genesee Valley Shopping Center in in Geneseo.
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of