Project to Revamp Historic Buffalo Building

May 28, 2013 Updated May 29, 2013 at 8:58 AM EDT

By Rachel Elzufon

May 28, 2013 Updated May 29, 2013 at 8:58 AM EDT

Buffalo, NY (WKBW) - An upcoming project could bring a new look to an old Buffalo building.

What is currently known as the Hertz Parking Garage on West Huron Street will be turned into a downtown apartment complex, as well as retail and office space.

Mark Croce, the President of Buffalo Development Corporation and owner of the Statler City, now owns the building.

Croce tells Eyewitness News, "It's the hottest location in downtown Buffalo for new residential, and it's sorely needed. Plenty of indoor parking to support the apartments, and there's a lot of people already on the waiting list to be a part of this apartment when it opens."

The building has been around since the late 19th century, and is on the National Registry of Historic Places.

For decades, the building was called the C.W. Miller Livery Stable, and hailed as a "palace" for horses.

The building will get a complete makeover, inside and out, from the roof to the ground.

Even though the building is about 120-years-old, it is structurally sound.

Fixing up the Historic C.W. Miller Livery Stable will carry a price tag of $12-million.

The new owner also plans to convert the Curtis Building, which is adjacent to the project, into a boutique hotel.