Big Reveal: Pierce Arrow Apartments

Buffalo Rising

The new owner of the administrative building at the Pierce Arrow complex is moving forward with redevelopment plans. Pierce Arrow KANAKA, LLC is proposing to convert the building at 1695 Elmwood Avenue into 105 loft apartments and a 100-seat restaurant. The development firm headed by Dr. Gregory F. Daniel bought 1695 and 1721 Elmwood Avenue for $4.3 million from Brooklyn-based Read Property Group in January. The purchase includes the office building along Elmwood and a portion of the assembly plant on the north side of the sprawling complex.

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Pierce-Arrow building being re-purposed with area’s largest geothermal system

WBFO

The Pierce-Arrow complex in North Buffalo is a familiar site to area residents, a symbol of a luxury car company that went away in the Great Depression. Now, remnants of the plant are being re-purposed by developers for housing and the Elmwood Avenue landmark is getting what may be the area’s largest geothermal energy system.

Pierce-Arrow luxury loft project gets $1.2 million in tax breaks

The Buffalo News

The $34.5 million project to turn the former Pierce-Arrow headquarters and warehouse on Elmwood Avenue into 107 loft apartments has been granted $1.2 million in tax breaks by the Erie County Industrial Development Agency.

The developers – Dr. Gregory F. Daniel’s Nidus Development and investor Joseph Hecht – plan to turn the largely vacant, 190,000-square-foot complex into apartments that rent for $950 to $1,600 a month.

“This is a fantastic example of a very progressive adaptive reuse project,” said Marc Romanowski, an attorney representing the developers.

“It’s stabilizing an icon,” Romanowski said. “The developers have passion for this building.”

The apartments will feature geothermal heating that will hold down utility costs. About 30 percent of the apartments will have rents that are considered to be affordable for people earning 20 percent less than the region’s median income.

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