Real estate investor and developer Nick Sinatra is adding to his growing portfolio by officially acquiring a numbers of properties on Main Street that will serve as the base of his latest adaptive re-use effort.
Sinatra, through his 945 West Ferry LLC affiliate, purchased buildings at 1516 Main St., 1526 Main St., and 939 to 945 West Ferry, paying $1.15 million, according to documents filed in the Erie County Clerk's office.
Sinatra said he plans on investing at least another $1.25 million in his redevelopment for the largely vacant buildings.
Tentative plans call for 31 upper-end apartments and 18,000-square-feet of retail in the buildings, with on site parking for more than 50 cars.
Work on the project will begin immediately, Sinatra said.
"My goal is to have them ready by the end of the summer," he said.
The buildings date back to the early 1900s and have housed a number of retail, residential and office uses in the past decade. The history and location of the buildings caught Sinatra's eye, the developer said.
"It is a very unique corner with the way Main Street starts to bend there," he said.
Sinatra said he hopes the project can serve as an urban bridge between development trends along Delaware Avenue and Buffalo's West Side and some emerging East Side neighborhoods.
"There is also a great connection between Canisius College and the Buffalo Niagara Medical Campus," Sinatra said.