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.
Big Reveal: Pierce Arrow Apartments
Pierce-Arrow building being re-purposed with area’s largest geothermal system
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.