Firm to invest $16.5 million in Larkin project

By James Fink
Buffalo Business First

A warehouse at 619 Exchange Street in Buffalo is eyed for renovation into apartments.
(IMAGE: Joed Viera, Buffalo Business First)

A Larkinville warehouse has become the focus of a Rochester developer with plans to renovate the 112-year-old structure into an apartment complex.

Park Grove Realty, through its PG Larkinville LLC, will be investing $16.5 million to turn the vacant, four-story, 100,000-square-foot building into 60 apartments. Some 8,000-square-feet will be allocated for office space and another 5,500-square-feet will be set aside for a restaurant.

The apartment units will include a mix of one-, two- and three-bedroom units.

The Pike Company has been retained as the project’s construction manager.

Representatives from Park Grove Realty will be meeting with the Buffalo Planning Board on Jan. 13, seeking city approval for the project.

Construction could start in spring.

Park Grove bought the building, designed by Louise Blanchard Bethune — the nation’s first female architect — last spring, paying $1.45 million.

Besides the Exchange Street project, Park Grove is working with developer/investor Roger Trettel on a 10-story, apartment anchored project along Niagara Street, not far from the Peace Bridge.

This article originally appeared in Buffalo Business First.