Development Boost

July 8, 2014 Updated Jul 8, 2014 at 9:40 AM EDT

By Elizabeth Carey

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July 8, 2014 Updated Jul 8, 2014 at 9:40 AM EDT


Buffalo development leaders have put three parcels out to bid, according to a report in this week's Business First. The Buffalo Urban Renewal Agency is accepting bids for a vacant real estate site at Main and Best Streets, right on the northern edge of the Buffalo Niagara Medical Campus.

Bids are due by July 15th. Business First says the site may end up with a retail theme. City officials say timing is right and they hope to have a developer for the site this summer.

Bids on former school 56 on West Delevan are also due this month, while developers have until August 1 for a vacant parcel in Waterfront Village.

Development is also moving forward in Amherst where Iskalo Development is working on the Lord Amherst Hotel. $11 million is being spent to renovate the Lord Amherst into a boutique-style hotel with 88 rooms. Iskalo is renovating the Lord Amherst and keeping it an independent hotel.

At the same time, it is building the area's first Hyatt Place hotel nearby with 137 rooms. That project is worth $18 million. It should open next year.

As we told you yesterday, the number of hotel rooms in downtown Buffalo is also on the rise and expected to increase by 32 percent in coming years. Tourism officials say there will be enough visitors to fill them.

You can read more about the trend in this week's Business First.

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