What Is Happening At The Webster Block?

May 25, 2012 Updated May 25, 2012 at 1:54 PM EDT

By WKBW News

May 25, 2012 Updated May 25, 2012 at 1:54 PM EDT

BUFFALO, N.Y. (WKBW) Friday is deadline day for a prime piece of property in downtown Buffalo, near the First Niagara Center.

The property is known as the "Webster Block." Now, it is 300 car parking lot which is situated on Buffalo's Inner Harbor. The City of Buffalo considers the nearly 2 acre area to be a prime development site.

It is surrounded by Canalside, and the $30 million dollar re-development of the old Donovan Building.

In April, the City of Buffalo issued a "Request for Proposals" from local and national developers. There was even some speculation that the Buffalo Sabres were looking at the property to build a practice rink.

Friday was the deadline for interested developers to notify the city if they plan to make a formal bid.

So far, Eyewitness News is learning that two bidders have responded, but do not have confirmation on who they are.

In an earlier news conference, Mayor Byron Brown noted that the waterfront is transforming, and that construction is a stimulus for the area.

Development of the "Webster Block" is just part of a bigger over all plan for the city.

On Thursday, a new waterfront restaurant called "Liberty Hound" opened inside the Buffalo and Erie County Naval and Serviceman's Park, just ahead of the Memorial Day weekend.