Sunday, September 5

Housing Project Hinges on Assortment of Approvals

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"If the public-sector stars line up just right, work could begin soon on the conversion of a vacant Buffalo bowling alley into a $36 million housing project.  Developer John Giardino of Centerstone Development LLC said he is working with state, local and federal offices to obtain necessary approvals to move tenants of the Lyndon B. Johnson Apartments to a new, low-rise housing complex on Amherst Street.  The site is the abandoned Amherst Bowling Alley.  The apartments are owned by the Buffalo Municipal Housing Authority.  The property located at the corner of Main Street and Humboldt Parkway, likely will be sold to neighboring Medaille College for $3.5 million, which is the appraised value. "  Scott Allen of GAR Associates, Inc. is currently working on a market study for this development.

Buffalo Business First
July 2008

 

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