BUFFALO, N.Y. (WIVB) — Buffalo’s Central Terminal is coming back to life, but this time it won’t be a train station. The Central Terminal Restoration Corporation named a developer for the property and they’re even getting some help from Hollywood.
Filmmakers are spending $70,000 on renovations to shoot scenes for the motion picture “Marshall,” but that’s just a small upgrade compared to what a Toronto developer plans to do with the property.
Stinson Developments will be restoring the terminal by turning it into a 200 room boutique hotel, a farmers market, office spaces and incorporating shuttle services. The company also plans on adding up to 500 new townhouses and semis to the surrounding area.
“It’s a magnificent structure in the middle of nowhere in an area that is struggling, so we felt that the key to it was to give the whole neighborhood a boost. It is a self contained village, to make people feel very comfortable that this is an area that they can move into, live in and work in,” said Harry Stinson, Stinson Developments CEO.
Officials expect this to cost well over a hundred million dollars.
While the 523,000 square foot building will be completely utilized, the structure of the concourse will stay.
“That’s the whole point, that’s the appeal of it. The structure needs to be restored, enhanced, upgraded, modernized,” said Stinson.
For the next six months, the developer will be looking for feedback from the public on the plans of this project. They will soon open an office in the terminal for people to come in and share ideas.
Stinson plans to start renovations by the end of this year and anticipates the total project taking up to 2 to 3 years to complete.