BUFFALO, N.Y. (WIVB)- Some of the Queen City’s most historic buildings are getting a face-lift, and becoming luxury apartments.
Developers behind these projects are asking the city for help; Buffalo’s Urban Development Corporation (BUDC) has a special program that fills-in the funding gaps for certain construction projects.
The goal of the program is to help revitalize Buffalo by investing in projects that bring new use to old buildings.
It’s called the Building Reuse Project Loan Program, and the city looks for specific criteria for which project to give loans to.
Brandye Merriweather of BUDC told News 4 the city wants to boost housing options in the downtown area, so BUDC favors residential projects.
One being considered is Our Lady of Lourdes Church, owned by Ellicott Development. It’s being turned into luxury apartments. Elliott Development did not have a comment on project specifics.
Also being transformed into high-end housing is the old Phoenix Brewery, owned by Sinatra and Company.
Sinatra and Company Vice President Matt Connors will be taking up residence there himself, and told News 4 the goal of the project is bring people back to downtown and the East Side.
“We need to get people more comfortable living east of Main Street. You see all these negative articles in the paper these days about East Side shootings and people really don’t have a healthy view of that area but it really is blossoming right now,” Connors said.
Also in the mix for a possible BUDC loan is 510 Washington Street, which is also being converted into apartments.
BUDC will meet at the of May to review project, and from there will decide on funding.