BUFFALO, N.Y. — The plans to revitalize a historic Buffalo landmark is moving on to the next phase.
Officials were on hand to announce a new developer to advance the reuse of the historic Buffalo Central Terminal.
CB Emmanuel Realty LLC, The Alexander Company, and Rise Community Capital will oversee the reuse of the Central Terminal.
The Central Terminal is a piece of Buffalo's architectural legacy and the Central Terminal Restoration Corporation believes this new team will help make the Central Terminal a vibrant mixed-use campus that will appeal to all.
“The selected development group brings a combined wealth of experience and a proven track record of revitalizing historic landmarks,” said Empire State Development President, CEO & Commissioner Hope Knight. “After a very thorough national search that brought in a number of quality responses, we are confident that CB Emmanuel, The Alexander Company, and Rise Community Capital will usher in a new era for the Central Terminal and turn this iconic structure into a catalytic anchor for the Broadway-Fillmore neighborhood and East Buffalo and a generational investment in the City of Buffalo.”
The hope is that the revitalization of the Central Terminal will also help move development of the areas surrounding the terminal as well.
“I’m proud to partner with the Central Terminal Restoration Corporation to breathe new life into this historic structure. I commend the hard work of my staff in the Office of Strategic Planning. They worked for the past three years to develop plans for the redevelopment of the Central Terminal, including 59 Memorial Drive,” said Mayor Byron W. Brown. “My administration is dedicated to development and neighborhood building throughout the city of Buffalo."
The long term plan for the Central Terminal and the surrounding neighborhood is expected to bring new jobs, businesses, housing, programs for children and retail space
“This is a game changer for the Central Terminal Restoration Corporation as we welcome these partners to develop the Terminal,” said James Morrell, Chair of the CTRC. “Their expertise and passion for preserving the essence of historic structures while focusing on creating a constructive community asset align seamlessly with our vision for the Terminal’s future.”
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