Greenleaf Wrapping-Up Delaware Project, Heading Downtown Next

The new apartments at 1040 are nearly full and one of the partners behind the project is getting ready to start its next project downtown.  James Swiezy of Greenleaf & Company and Paul Kolkmeyer of Priam Enterprises converted the former Lutheran Nursing Home on Delaware and converted it to 49 rental units and office space.  The $5.5 million project officially opened last month.

“We are over 90 percent leased at 1040 Delaware,” says Carrie Carney, head of marketing and leasing at Greenleaf.  “We are now leasing our Garden Level apartments on the first floor.  They are exactly like the other units except on the Garden Level.  They turned out exceptionally well and have all the amenities the others do.”

“The hallways, parking lot and laundry facilities are now complete,” adds Carney.  “The building has a completely different feel.”

Rents at 1040 Delaware range from $850 up to $1,295/month for the one and two-bedroom units.

DSC_0347elm.JPGSwiezy is now turning his attention closer to downtown.  Greenleaf and Company has just put the contracts to convert the former Spaghetti Warehouse building at 141 Elm Street into 38 to 40 loft apartments and 2,700 sq.ft. of commercial space out to bid. 

The circa-1883 building has been home to a string of restaurants and bars beginning with Spaghetti Warehouse in 1988, Your Father’s Mustache, Sweetwater’s, and finally SensationZ which closed in 2004.  The 43,500 square foot structure was formerly a lumber mill operated by E.M. Hager & Sons and will be named Hager Lofts.

Swiezy says they will incorporate the building’s architectural features into the residences and anticipates the project cost being in the $7.4 million range.  The project will be using historic tax credits facilitated by Preservation Studios.

Work on the project is expected to begin this spring.

Get Connected: Greenleaf & Company, 716.885.8538

About the author  ⁄ 

9 comments
Greg
Greg

Hopefully this can trigger an installation of a bump out to make it easier to cross Elm.

Greg
Greg

Hopefully this can trigger an installation of a bump out to make it easier to cross Elm.

grad94
grad94

very best of luck to greenleaf and may they succeed where others have not. we've seen how many proposals and reuses for this building that never materialized?

elias
elias

i love the respect they've given its heritage..lots of great old buildings along this stretch.

elias
elias

i love the respect they've given its heritage..lots of great old buildings along this stretch.

Arch
Arch

Love this building! No Dryvit please...

Arch
Arch

Love this building! No Dryvit please...

Nicholas Tyler Miller
Nicholas Tyler Miller

Projects like this are exactly what downtown needs.

More residents = more demand for nearby goods and services

More nearby goods and services = more desirability

More desirability = even more residents

Kudos to Greenleaf.

Publius
Publius

Kudos to Swiezy and Kolkmeyer for their commitment to our great city! Projects like 1040 Delaware and the Hager Lofts will help retain and recruit the creative talent needed to foster Buffalo's knowledge-based economy. It also furthers Buffalo as an unique and storied city in a world that increasingly lacks such places. I can't wait for 916 Main Street!

© 2014 Hyperlocal Media. All Rights Reserved.
phytoceramide deva phytoceramides and skin phytoceramide lotion does phytoceramide work