Paladino co. buys O.P. Site

January 7, 2013 Updated Jan 7, 2013 at 9:09 AM EDT

By WKBW News
By Business First by James Fink

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January 7, 2013 Updated Jan 7, 2013 at 9:09 AM EDT

Having acquired one of the largest tracts of available land in Orchard Park, Ellicott Development Co. is working on final plans for the former Saville Farms Inc. property.

Ellicott, through its Webster Block LLC affiliate, paid $1.69 million for the 50-acre, N. Buffalo Road property, buying it from Saville Farms Inc., according to documents filed in the Erie County Clerk's office.

William Paladino, Ellicott president and chief executive officer, said his company is tweaking development plans for the property.

"It will be done in phases," Paladino said.

Paladino said the blueprint will likely include a residential component as well as ones based on office and retail uses. All will be tenant-driven, he said.

The deal is the latest in Ellicott's development pipeline that includes the construction of six-story hotel/apartment complex on Main Street in Williamsville and development of a Staybridge hotel on Sweet Home Road, also in Amherst.

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