New Waterfront Development Project Announced

February 22, 2013 Updated Feb 22, 2013 at 7:57 PM EDT

By WKBW Admin

February 22, 2013 Updated Feb 22, 2013 at 7:57 PM EDT

BUFFALO (WKBW) More waterfront development could be on its way to the Queen City. The once-rejected proposal for the Webster Block in Buffalo has been revamped and now planned for the Erie Basin Marina.

Ellicott Development's plan for a mixed use facility at the Webster Block lost out to the Sabres Harborcenter plan earlier this year, but at Friday's 'State of the City' address, the mayor announced that proposal has gotten new life just down the road.

"We are very excited that we were able to keep this developer and keep this project alive for the Buffalo community," Mayor Brown said.

The plan includes a 575 thousand square foot complex, located in the now parking lots on the shore of the Erie Basin Marina. Nicknamed "The Carlo" after developer Carl Paladino's grandfather, the building would include office space, hotel rooms, apartments, restaurants, a parking garage, and more.

"It's a little bit bigger and a little bit broader than the Webster Block was," Paladino said.

The 75 million dollar project is still in the very early stages, with the land belonging to the Buffalo Urban Renewal Agency.

"There are still steps and approvals that this project is going to have to go through, there are things that will have to be negotiated," Mayor Brown added.

But Paladino already had dates in mind.

"We're targeting a spring 2014 commencement of construction which will be over at some point in late 2015," he said.