Buffalo's Ellicott Development Co. is looking to increase its presence in Ellicottville after receiving approval of an incentive package from the County of Cattaraugus Industrial Development Agency.
The IDA's directors okayed the package for 4646 Genesee LLC, an Ellicott Development affiliate, that sets into a motion the final planning and approvals the company needs to start its project.
Ellicott Development wants to renovate 16,000 square feet of vacant buildings at the corner of East Washington (Route 219) and Mill streets. The company also wants to add another 4,000 square feet to the project, totaling 20,000 square feet.
Tentative plans call for the development of a village-themed multi-tenant complex. Among those who have agreed to move into the retail center are a Kwik Fill gas station and Red Apple convenience store, according to IDA documents.
Much of the complex will focus on specialty retailers that fit into Ellicottville's existing ambiance.
Corey Wiktor, County of Cattaraugus Industrial Development Agency executive director, said the project qualifies under the IDA's adaptive re-use policy that it created last June. The project is the second the IDA has considered and approved under the policy.
"It's a key piece in Ellicottville," Wiktor said. "I'm assuming, based off of their track record, it will be a classy A-1 operation. They understand that this is a vital corner. It is the last main parcel before you come to the heart of the village."
If built, it would be Ellicott Development's second major property in Ellicottville. The company also developed an 80-room Wingate Inn hotel.
Construction is expected to start this spring once Ellicott Development gets final approvals from the state Department of Transportation and the Village of Ellicottville.
The company expects the project to create between eight and 10 new jobs initially and another 10 in the next two years.