BUFFALO, NY ( WKBW) - The University at Buffalo said Thursday it has begun acquiring properties for its downtown medical school, which is scheduled to open in fall 2016.
The first property is at 960 Washington St. and was purchased for $1.2 million by Evergreen Real Estate.
The lot is one of three properties UB hopes to acquire by the end of the year for the $375 million project on the Buffalo Niagara Medical Campus. Once constructed, the new facility will sit at the corner of Main and High streets.
"In moving our medical school downtown, where it will be ideally aligned with local hospitals and other key life sciences partners, UB is staying true to our roots in more ways than one," said Satish Tripathi, UB's president.
A UB news release also noted that separate discussions are continuing between UB and the Niagara Frontier Transportation Authority regarding the nearby Main-Allen Transit station. The university would like to incorporate the station into the medical school building.
The purchase was executed by UB Foundation Services Inc., an affiliate of the University at Buffalo Foundation.
Evergreen Real Estate's partners are developer Michael Joseph and businessman Kevin Brinkworth, who have owned the property since 2005. Joseph served on the UB Foundation board from 2002 to 2008. A news release said that was before UB began contemplating relocation of the medical school to the downtown site. CBRE, a commercial real estate firm, helped broker the sale.
Earlier this year, UB selected HOK to design the medical school and biomedical sciences center. Ground is expected to be broken on the facility in September 2013.