Tuesday, February 7

Former YMCA Housing Upgraded For Senior Living

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"A former YMCA women's residence in Buffalo is now home to local seniors. E Square Capital has completed its conversion of the stately, circa-1926 complex to 63 studio and one- and two-bedroom apartments for seniors. E Square, whose residential portfolio includes the Holling Press Apartments in downtown Buffalo and is doing another senior housing project at 937 Broadway, began welcoming tenants at the former "Y" this month. Empty since 2005, the five-story, 100,000 square foot structure, with its distinctive brick and pillared facade, began life as a women-only residence for short-term local tenants and visitors. Located at 245 North Street, the Georgian-style building, which is listed on the National Register of Historic Places, was most recently used by the New York State Health Department to house women with mental health problems. E Square President Eran Epstein said his $9 million project returns the historic site to productive use." M. Scott Allen of GAR Associates, Inc. completed a real estate appraisal of this property in May 2006.

Rochester Business Journal
December 12, 2008

 

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