A public-private partnership of government officials, private lenders and developers celebrated the completion of the $16 million Phase II of the Frederick Douglas redevelopment project. State, county and city officials joined with CPC and project developer Norstar Development for the ribbon cutting. This three-phase project is located at Clinton St. and Jefferson Ave.
Shown (from left) are: Robert Bannister, director of the WNY Fannie Mae; Brian Smith; Richard Higgins, president of Norstar; Modesto Candelario, assistant executive director of Buffalo Municipal Housing Authority; mayor Anthony Masiello; Brian Davis, city councilman; Judith Calogero, DHCR commissioner; Sherrill Colston, chairman of the board, Buffalo Municipal Housing Authority; and Sharon West, executive director, Buffalo Municipal Authority.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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