The development group of Frontier Group of Companies and Sam Savarino got the green light Tuesday from the Buffalo Common Council to begin demolition of the site at 441 Ohio street.
The five story apartment complex will house, 16 two-bedroom apartments at approximately 1,800 sq.ft. and 62 one-bedroom apartments at approximately 900 sq.ft.
The Freight House Landing will house a small amount of commercial office space on the ground floor and rooftop patios. This space has 550 feet of river frontage and will offer floating boat docks.
This projects estimated cost is $18 million dollars. The rental cost of the apartments will range from $900 a month to $3,000 a month depending on the location and size of the apartment. Savarino expects the project to be complete by April of 2015.
The 1868 building recently was nominated to become a local landmark and in 2012 was approved for the title. However, engineers from the development team reported the building to be "beyond repair" in the center third of the structure and the overall condition of the building to be "very poor".
The Buffalo Preservation Board tried to get the Common Council to deny the request but after reviewing the studies done by the development team they approved the demolition.
Savarino says Freight House Landing will reuse elements taken from the historic structure and salvage what they can for later use.