Penthouse Sells in Waterfront Place

A well-known Buffalo attorney is moving into a Waterfront Place penthouse.  Stephen Barnes, of Cellino and Barnes PC, closed on the eleventh floor unit in the Pasquale mid-rise tower today.  Barnes paid $1,069,207.33 according to public records for the three-bedroom, 2,728 sq.ft. unit.  A second, top-floor residence with 3,633 sq.ft. of space is sold but has not yet closed.

Approximately two-thirds of Pasquale’s 49 units are sold with several others under lease.  Tower residences include 10 to 12′ ceilings, gourmet kitchens with custom cabinets and granite countertops, hardwood and ceramic tile flooring, whirlpool tub and steam shower in master bathroom suites, and one or more balconies. Several units on the upper floors have rooftop terraces.

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Suites include dedicated parking spaces in a two-level enclosed garage and a separate storage unit in the building’s parking levels. A fitness center and board/meeting room are located in a two-story wing fronting Lakefront Boulevard.

Remaining units in the building, developed by Ellicott Development, are priced from $295,240.

Four of the development’s town homes have been completed and sold.   Ellicott plans to lower the rooflines and scale back the size and price of future town home units.  Plans for a second tower on the site were recently resurrected, timing of which is unknown.

Get Connected: Chris Martoche, Ellicott Development, 716.854.0060 or 716.570.2399 (cell)

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About the author  ⁄ shanahan.julia

59 comments
David Smith
David Smith

I love penthouses and this is a great article. Congrats!

KarlMalone
KarlMalone

Who cares what color the residents are. I agree they are disable and old as well. The residents are also subsidized b/c they are unable to pay market rate. I have no problem with it but at least let the debate be honest.

Again, that whole complex is subsidized with our dollars and still is. It is a horrible design and never should of been built yet it gets a free pass b/c the less fortunate live there.

Meanwhile Carl build's a building in an area that is designated an Empire Zone, not like he deignated it an Empire Zone, the City did. He took advantage of an incentive already in place and yet the nearby pathetic structure build with our cash gets a free pass?

buffalopopulation200k
buffalopopulation200k

I would take another look. I cut through there parking lot a few weeks ago to get to the ships from the marina and my white @ss was scared as h#ll because of all the blacks 'chillin' around the place.

Black Rock Lifer
Black Rock Lifer

Actually most of the people living there are disabled and elderly.

buffalopopulation200k
buffalopopulation200k

Basically, the citty needs to find a way to kick out all the poor people living in the waterfront projects next to the ships. How lucky are those poor (mostly black) people for getting prime real estate probably paid for by the government.

similitude
similitude

No, that is good. That is what we all should be doing. Are you incapable of seeing only the two extremes of an issue? Both the rich and the poor are abusing the system. It is people like you and me who follow the rules and take pride and responsibility in what we do that get screwed in the end.

similitude
similitude

Ooooo take that... what are you 7 years old?

We go after people who make money in Buffalo. I'm not talking about tax credits, I am talking about people like Paladino, Fucillo, and Barnes. I am not asking for a tax credit to repair my house or to put my kids through school. Why would I? What type of backwards system would provide a subsidy to take care of that which is my basic responsibility. If I can't afford to fix up my house, then I probably can't afford to own that house. I have other options available and would probably pursue one of those options. But then again I am realizing that personal responsibility is no longer a value in America so I should probably just find a way to have someone else pay for my bills and house repairs. We can have someone paint it and patch it up in the summer and I can get HEAP in the winter.

I wish I was making money like Paladino or Barnes and I would like to think that I would be more generous with it. That said I don't hate on them for having it, they worked for it and took the risks to earn it. Some of it was probably not earned in an ethical manner and I have an issue with that, but the majority of it was. Let them spend their millions on penthouses or yachts, I think we need more people in the area with that kind of scratch to spend instead of more people living off the teat. That is just my opinion and obviously not shared with the left wingers.

Shoestring Budget
Shoestring Budget

Once you're rid of the poor, who do you expect to work all the crappy part-time, benefit-free McJobs? People with middle-class incomes? Oh, wait...

Or were you planning to stop patronizing fast food joints and big box stores and never have an accident or disease that requires a nursing home or a home health aide?

KarlMalone
KarlMalone

Of course I realize it is your neighborhood and not your color. Typical race card response. Victimization is your motto

Black Rock Lifer
Black Rock Lifer

Blackliberal poor people? what? You do realize Black Rock is my neighborhood not my color, right? And besides poor people of all colors are not all that Liberal, if they were this country wouldn't have almost collapsed under 8 years of conservative mismanagement.

KarlMalone
KarlMalone

Exactly, Blackliberal Poor people are mean people.

biniszkiewicz
biniszkiewicz

take that, similitude! Well said.

Property tax holidays for this type of development are as bad as retailers getting tax breaks in my book.

KarlMalone
KarlMalone

I think the one thing we can all agree upon is poor people suck.

Black Rock Lifer
Black Rock Lifer

sillyman says "this is the mentality that keeps Buffalo among the poorest in the nation" and "we wonder people don't invest in the city".

So investing my own money and labor, paying my taxes including the previous owners back taxes and returning a vacant condemned property to the tax rolls is bad but exploiting the system to benefit the rich like Carl and company is good, right? please explain.

similitude
similitude

I feel that both take advantage of me. Susie single mom is probably the third generation of Susie single moms who are bilking the system. Raising babies on the government dime sure beats working for living.

Shoestring Budget
Shoestring Budget

The wealthy, through their superior connections and campaign donations, are far better positioned to command more public subsidy than the poor, most of whom serve as the cheap, disposable workforce for corporate America. I don't feel like Susie Single Mother takes advantage of me, I feel like Carl Paladino takes advantage of me.

similitude
similitude

^^ Well said! This is the mentality that keeps Buffalo among the poorest cities in the nation. Keep coddling the poor by telling them that they are helpless while vilifying those who actually make a difference. And then we wonder why people don't invest in the city!

similitude
similitude

Why should we care? The poor don't feel any guilt for taking advantage of the middle class, so why should the wealthy? All I'm saying is at least the wealthy are contributing something to society while the poor just leach of the system generation after welfare grabbing generation.

Shoestring Budget
Shoestring Budget

And if the 190 were converted to at at-grade boulevard, as is in the works for the Scajaquada?

Black Rock Lifer
Black Rock Lifer

Maybe we could ask Barnes and the other clients to donate an amount equal to their tax avoidance and use this money to fund neighborhood rehab projects. I am sure these upstanding wealthy citizens must feel guilty for taking advantage of the rest of us.

Black Rock Lifer
Black Rock Lifer

Thanks Paul, its gets tough defending poor old Black Rock and its nice to know our efforts are noticed.

Black Rock Lifer
Black Rock Lifer

Your right, 100 or 200 smaller projects would go a long way towards improving this city and have a bigger impact on our struggling neighborhoods. The 5 to 7 years tax evasion that Carls clients will receive would fund a least this many renovations.

sonyactivision
sonyactivision

The Genessee St. right-of-way clearly ends at the 190, but thanks for playing!

PaulBuffalo
PaulBuffalo

I agree.

Blackrocklifer's house has a lot more architectural integrity than Mr. Paladino's attempt at a modern condo that has done nothing to beautify the waterfront. The work Blackrocklifer has done on his house does wonders for his section of Black Rock and, to me, it's one of the best looking buildings around. That achievement goes a long way in a struggling neighborhood. Good for him.

The Kettle
The Kettle

Id rather make it eaisier for 100 or 200 "blackrocklifers" to do similar projects in their neighborhoods than pay one big shot to put up a giant corporate handout tower. Looking at BLRs transaction alone vs the tower isnt fair. It should be easy to take a small deralict property and rehab it without having to pay for some deadbeats back taxes. If you had an environment where more people could do these rehabs you would have similar job creation figures and stronger neighborhods.

The reason the big shots get the subsidy and not the little guy is that registered voters would rather see a glitzy high rise than several neighborhood scale rehab projects. It would be nice if development wansnt so connected to politics.

Shoestring Budget
Shoestring Budget

I wonder if everyone gushing over ths Pasquale understands that it was built in the Genesee Street right-of-way. See "The real picture: Is it time?" article. So much for restoring our radial street plan, people.

littleacorn
littleacorn

The Empire Zone was brought to the city of Buffalo by our Democratic Party officials (they have controlled the city for the last 40 years) in the government who believe in the Ronald Reagan theory of Trickle down economics. The trouble with blackrocklifer is that he is selfish. I do not understand why he thinks that the rich should pay their share of property taxes in the third poorest city in the country. The owners of these condominiums will not be using our parks, they educate their children in private schools, they hire private security guards and equip their units with the latest in smoke and fire alarm detection to virtually eliminate that problem. Just by agreeing to live in this blighted city, within walking distance of City Hall and the Rath Building they are immeasurably contributing to raising the quality of life here. They do not even need a commercial district downtown because they can mail order everything.

It would be nice if everyone was treated the same as our welfare clients on the waterfront. I would love to hear one councilperson, in a council meeting or a citistat meeting, make an issue of this transfer of wealth from the established neighborhoods to this frontier area on the waterfront. In a city that is projected to lose even more population why not encourage middle class growth by letting any family who buys a home anywhere in the city to escape property taxes for 5-7 years.

sonyactivision
sonyactivision

Congratulations to the new owner and Ellicott Development! I'm thinking this bodes well for the Avant too. There really is a market in this metro for the High Life!

QueenCity
QueenCity

Its the townhome units that will be scaled back...not the next tower.

I cant wait for the next tower to get built. However, Id like to see these Apartment Towers along the Niagara Expressway on the Niagara Street side of the expressway instead of the LaSalle Park side.

whatever
whatever

Obvioulsy there's no way to prove it either way at this point, but I agree with BlackrockLifer's opinion that these condos or something similar would have been built even without the tax breaks. And if not, Barnes would have bought some other property here and his new neighbors would have done likewise.

Down with Empire Zones.

EricOak
EricOak

Why should it look like a "florida beach condo highrise"? That's nobody's standard for quality.

Shoestring Budget
Shoestring Budget

It cracks me up that the highest rent address in town has a name that sounds like an old West Side butcher shop.

PaulBuffalo
PaulBuffalo

Would the Woodlawn row houses have survived if they got this special treatment?

Black Rock Lifer
Black Rock Lifer

I agree this project is good for Buffalo (and good for all those doubters), just think it shouldn't be financed by the rest of us. This project is like public housing for the rich and benefits a few select individuals that should pay their own way.

Black Rock Lifer
Black Rock Lifer

"your logic is lacking logic"? Don't know what that means.

My project in Black Rock took a condemned derelict property and put it back on the tax rolls while stabilizing a historic corner. I bought my materials locally and paid taxes on all purchases (unlike Carl). Funny how tax breaks never seem to trickle down to those that invest not just their dollars but their heart and soul into improving Buffalo.

The Erie Basin neighborhood is pretty much fully developed and this parcel would have been built on without government handouts. Time to stop defending these parasites, they don't need you watching their back.

Really?
Really?

Man you do not get it.

Do some simple math. Your project in Black Rock will produce X in taxes over the next 20 years. This project over the next 20 years will produce SIGNIFICANTLY more. Your project did not employ hundreds of workers. This project did.

Your mindset is what is wrong with Buffalo. The parcel that this was built on SAT EMPTY for years. Their are several lots on the water, that you claim are desirable and will be developed regardless, but sit empty. Your logic is lacking logic and is clouded by jealousy.

VGS
VGS

where are all the doubters that always say "but who in Buffalo is going to afford these units" this area has been starved for quality for decades

Black Rock Lifer
Black Rock Lifer

Don't buy it, I did my own project here in Black Rock and not only did I pay my taxes but also had to pay five thousand in back taxes and water from the previous owner. Really could have used that money on the rehab but I didn't think to have my corner declared an Empire Zone.

The waterfront is plenty desirable and would be developed regardless. Time to stop these giveaways.

23BEASTMODE23
23BEASTMODE23

I dont mind the 5-7 years without property taxes because afterwords they will be paying some of the highest taxes in the city. It may seem like the city is getting ripped off now, but in the long run it will be worth it. Without the tax brakes the project would have never been biult...

Black Rock Lifer
Black Rock Lifer

No property taxes for the first 5-7 years. Just incredible that this is possible, the poorest property owners in Buffalo subsidize the richest. The whole concept of tax breaks is a joke but using Empire Zone status meant for distressed neighborhoods is especially outrageous. The costs avoided by Barnes and Paladino's other clients are just passed on to the rest of us poor suckers. Amazing that wealthy connected individuals continue to avoid their obligations as citizens.

buffalopopulation200k
buffalopopulation200k

Great to hear! I figured the buyer would either be 'HUGE' Ficello or T.O. Either way it is awsome to see some great spacious going for that price in Buffalo! Keep em coming Carl!

KarlMalone
KarlMalone

That's big cash for the Buff, wow! Props to Carl

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