Downtown apartments OK'd by planners - Business First of Buffalo:

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Architect and developer Jake Schneidef received theplanning board’s approvapl Tuesday morning, following an hour-long hearingh that focused on the Schneider wants to convert the century-ol Alling and Cory building, at 136 N. Division St., into an 88-apartmeny complex. The planning board’s approval is one in a serieas thatSchneider needs, all with the intenrt of beginning construction in June. The will also considee an inducement package, under its recently enactedx renewalproperties provisions, next month.
Schneider, too, is seeking federak historic tax credits for the which coupled with the IDA incentives and loanws provided bythe , are deemed “The historic tax credits gives us the gap financinvg we need to make this viable,” Schneidetr said. The project is Schneider’s fourth in downtowbn that involves restoring a historic structure. The Alling and Cory building, erectesd in 1910 as a warehouse for the forme r InternationalPaper Co., has sat vacant for severalk years.
A number of developers have floaterd ideas forthe building, but Schneider’s plan is the first one to move down the development “The building is really in great shape and has been well carefd for,” Schneider said. Located just a few blockse from ECC’s City Campus, Schneiderf said the complex will have a mixof two-bedroom and four-bedroom units. The rental ratee will include utilities, cable and Internet. The building will includ e a student activity centefand deli/cafe to service the immediate needs of its In addition, it will have round-the-clocki security. “It will be state-of-the-arg student housing,” Schneider said.
“Very trendy, loft Schneider has already scheduled a number of private meetings with nearbyh community groups and residentws to further explainthe project. Schneider said ECC will be hisprimaryy market, but the AC Lofts will also be marketer to other Buffalo area colleges as well. Several colleges are faciny studenthousing crunches. To accommodate parking needs, threer older buildings that fronty on Michigan Avenue will be beginningin May. Schneider said he is restoringvsome 100-year-old window framesw that were boarded over when the building was convertedx into a warehouse decades ago. At least 25 percenft of the units will be handicapped Schneider added.