A vacant Buffalo building that stands as a reminder of the city's robust industrial past is roaring back to life on the edge of downtown.
The Buffalo Urban Development Corporation announced today the Krog Group has closed on the sale of former Trico building on Washington Street. The new owners plan to move forward with an $80 million overhaul that will turn the birthplace of the windshield wiper into a 600,000 square-foot hotel, along with apartments and commercial space.
Krog will team up with Hart Hotels on the project. The apartments will be marketed to students and young professionals who work on the neighboring Buffalo Niagara Medical Campus and at the University at Buffalo Medical School.
The massive former Trico Complex includes five buildings built between 1890 and 1954.
The facade will be restored to its original glory. Apartments will also feature historical elements that draw from the building's storied past.
There is currently no timetable for completion of the project.