Ellicott Development Co.

Ellicott Development Company
Founded1973 Edit this on Wikidata
FounderCarl Paladino
Headquarters
Buffalo, New York
,
United States
Area served
Western New York, Central New York and Pennsylvania
Key people
Carl Paladino, Chairman
William Paladino, CEO
Joseph Hannon, President
ServicesReal Estate Development
Websitewww.ellicottdevelopment.com

Ellicott Development Co. is an American property management, leasing and development real estate firm based in Buffalo, New York and led by CEO William Paladino. The company's asset base includes residential, commercial, hotels, parking garages, and convenience stores. Ellicott Development Co.’s services include legal, administrative, financial, management, accounting, development, site selection, site assemblage, architectural design and drafting services, construction, leasing, maintenance, janitorial and security services.

History

Ellicott Square Building in Buffalo, New York

Ellicott Development Co. was founded by lawyer and real estate developer Carl Paladino in 1973.[1] The company is named after the Ellicott Square Building, Paladino's first and largest real estate acquisition to date. The Ellicott Square Building was named after Joseph Ellicott, the planner and surveyor who laid out the then-village of Buffalo.

The company buys properties, builds stores, and leases them to national retail outlets and government agencies.[2] The company has operations in Western New York, Central New York and portions of Pennsylvania. Ellicott Development Co. describes itself as "a multi-faceted, fully integrated Property Management, Leasing and Development Firm with the "In-House" capacity to provide legal, administrative, financial, management, accounting, development, site selection, site assemblage, architectural design and drafting services, construction, leasing, maintenance, janitorial and security services."[1][3]

Ellicott Development Co. has properties throughout the Buffalo/Niagara region, Upstate New York and into Western Pennsylvania.[1] In 2010, the company managed more than 5,000,000 square feet (460,000 m2) of office, retail, hotel and residential space. In downtown Buffalo, the company manages over 1,500,000 square feet (140,000 m2) of office space (making Ellicott the largest private landlord in downtown Buffalo[4][5]), over 1,000,000 square feet (93,000 m2) of retail space throughout New York and Western Pennsylvania, eight major hotels in the Western New York, as well as more than 550,000 square feet (51,000 m2) of residential apartments, condominiums and townhomes in the Buffalo/Niagara region.[3]

As of 2010, the Company had built 160 drugstores for Rite Aid, eventually becoming the Rite Aid's preferred developer across Upstate New York and western Pennsylvania, 80 of which Ellicott still owned.[4]

Properties

United Office Building in Niagara Falls, New York

Ellicott Development Co. has owned and/or developed many historically significant properties. Examples include:

Swan Tower in Buffalo, New York

Projects in development

  • 11 Chicago Street, Buffalo – a former Brownfield site; there are tentative plans for a 100,000 square feet (9,300 m2) office building[15]
  • 905 Elmwood Avenue, Buffalo – L-shaped building, designed by Kideney Architects and anchored by a 5,000 square feet (460 m2) restaurant, as well as 21 apartments with additional street-level retail (approximately $10 million)[16][17]
  • 201 Ganson Street, Buffalo – a 54,000 square feet (5,000 m2) structure on a 13-acre property near Buffalo RiverWorks that has over a quarter mile of Buffalo River frontage. It will purportedly be used for commercial and industrial use.[18]
  • 310 Niagara Street, Niagara Falls – now used as the offices of The Niagara Gazette. The Niagara Gazette will be moving into space owned by Ellicott at 473 Third St., Niagara Falls. Plans for renovation are unknown at the current time.[19]
  • 399 Ohio Street, Buffalo – 5-story mixed-use development with 30 apartments on the upper three floors, with commercial space and ground-level restaurant (approximately $6 million). The site faces the Buffalo River and is across from Father Conway Park in the Old First Ward.[15]
  • Waterfront Village, Buffalo – nine townhouses on Ojibawa Circle adjacent to the existing Ellicott Development, Pasquale Towers (approximately $4.5 million)[15][20]
    New Ujima Theatre Logo
  • 722 West Delavan formerly Frederick Law Olmsted School - School 56, Buffalo – a 76,000 square feet (7,100 m2) four-story building on Elmwood and West Delevan that will be converted to a mixed-use project with 33 apartments, approved on 28 July 2015 by the Buffalo Planning Board.[16][21] Due to public outcry regarding Carl Paladino's racist remarks about three local officials and resulting denial by the IDA of tax breaks to the developer,[22] he has decided to convert 722 West Delavan- the old P.S. 56- into a theater and performing arts center. The Ujima Theatre Co. will occupy the space; it plans to produce works that are rooted in traditional African-American theater.
  • 207 West Huron, Buffalo – renovation of a 26,000 square feet (2,400 m2) a lower West Side building, constructed in 1955[23]
  • 960 Busti Avenue, Buffalo – a 56,000 square feet (5,200 m2) warehouse on the West Side built in 1930, north of the Peace Bridge that overlooks the Niagara River; it will be converted into a mixed-use project with 18-20 apartments (approximately $7–10 million)[15][24]

See also

References

  1. ^ a b c "Company Overview of Ellicott Development Company, LLC". bloomberg.com. Bloomberg L.P. Retrieved 15 October 2015.
  2. ^ Breidenbach, Michelle (2010-10-10). "How Carl Paladino built his Rite-Aid empire". The Post-Standard (Syracuse, NY). Retrieved 2015-10-13.
  3. ^ a b "About Us". ellicottdevelopment.com. Retrieved 13 October 2015.
  4. ^ a b Halbfinger, David (September 26, 2010). "Early Lessons Forged Paladino's Combative Style". The New York Times. Retrieved 13 October 2015.
  5. ^ "About Carl". carlpaladino.com. Retrieved 13 October 2015.
  6. ^ "Buffalo Christian Center Closing – Ellicott Development Planning Reuse". Buffalo Rising. August 7, 2014. Retrieved 15 October 2015.
  7. ^ "Graystone Hotel / Berkeley Apartments". preservationready.org. Retrieved 15 October 2015.
  8. ^ Robert T. Englert (August 1987). "National Register of Historic Places Registration: Berkeley Apartments". New York State Office of Parks, Recreation and Historic Preservation. Retrieved 2009-06-14. See also: "Accompanying eight photos". Archived from the original on 2015-09-24. Retrieved 2015-10-13.
  9. ^ LaChiusa, Chuck. "Ellicott Square Building - History". buffaloah.com. Retrieved 15 October 2015.
  10. ^ Miner, Dan (July 3, 2014). "Fairmont Creamery, Compass East make Start-Up NY list". Buffalo Business First. Retrieved 15 October 2015.
  11. ^ LaChiusa, Chuck. "Fidelity Trust Bank Building / Swan Tower". buffaloah.com. Retrieved 15 October 2015.
  12. ^ "Giacomo Hotel & Residences (former United Office Building)". usaniagara.com. Archived from the original on 3 March 2016. Retrieved 15 October 2015.
  13. ^ Fink, James (April 12, 2018). "Mickey Rats back for one more season". Buffalo Business First. Retrieved April 12, 2018.
  14. ^ Mongiovi, Rachele (April 12, 2018). "Mickey Rats Revival: The plans to reopen Angola's popular summertime spot". WIVB-TV. Retrieved April 12, 2018.
  15. ^ a b c d Fink, James (February 17, 2015). "Ellicott Development proposing some $20 mil worth of Buffalo projects". Buffalo Business First. Retrieved 13 October 2015.
  16. ^ a b Fink, James (August 3, 2015). "Ellicott Development buys Elmwood Avenue properties for mixed-use project". The Buffalo News. Retrieved 13 October 2015.
  17. ^ Fink, James (November 5, 2014). "Ellicott Development's $10M Elmwood project approved". Buffalo Business First. Retrieved 13 October 2015.
  18. ^ Wiley, Desiree (June 17, 2015). "Ellicott Development buys riverfront property for $2.17 million". WKBW. Retrieved 13 October 2015.
  19. ^ "Gazette offices moving to Third Street". Niagara Gazette. October 6, 2015. Retrieved 13 October 2015.
  20. ^ Scanlon, Tim (October 8, 2015). "Construction Watch: Waterfront Village Townhomes". Buffalo Rising. Retrieved 13 October 2015.
  21. ^ Epstein, Jonathan D. (July 30, 2015). "Go-ahead for a transformation". The Buffalo News. Retrieved 13 October 2015.
  22. ^ "Paladino cries foul over IDA vote". news.wbfo.org. 22 September 2015. Retrieved 2015-12-03.
  23. ^ Fink, James (July 28, 2015). "Ellicott Development buys West Side building; has Elmwood restaurant under contract". Buffalo Business First. Retrieved 13 October 2015.
  24. ^ "960 Busti Avenue Conversion to Include 18 Apartments and Commercial Space". Buffalo Rising. February 20, 2015. Retrieved 13 October 2015.