NIAGARA COUNTY, N.Y. — A New Jersey senior housing developer will buy two Niagara County properties in a $72.9 million acquisition and renovation.
Orbach Affordable Housing Solutions LLC of Englewood Cliffs has the 200-unit Niagara Towers in Niagara Falls and the 150-unit Urban Towers in Lockport under contract. Orbach is working with the Niagara County Industrial Development Agency on a tax-exempt financing package for both deals.
“We consider it significant on many levels,” said Mark Gabriele, counsel for the Niagara County IDA.
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