Downtown Apartment Project Targets Students
Developers have unveiled plans to convert the dormant Alling & Cory warehouse at Elm and North Division streets into apartments geared towards students attending Erie Community College downtown. A total of 80 units would occupy the L-shpaed, 102,000 sq.ft., six-story brick and concrete structure and two smaller buildings on the site. East Amherst-based Regent Developments Inc. of East Amherst is proposing the $15 million conversion project.
The two, thee, and four-bedroom apartments will come fully-furnished and are expected to be priced from $950 to $1400 a month, including utilities. Units will have a loft-like feel with exposed duct work and high ceilings. Though ideal for students, renting at the development will be open to anyone.
Regent, with completed apartment complexes in Fredonia, Clarence and Lancaster, has the properties under contract. Work on the downtown project could start this fall with construction completed one year later. Silvestri Architects PC is leading the design effort.
Constructed in the 1930’s, the Alling & Cory complex has been vacant since 2001. Sine renamed Xpedx, the commercial paper distributor’s local operations were shifted to more efficient space on Allied Drive in Cheektowaga.