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Local Developer Buys Parking Lot in Buffalo, New York

Ciminelli Real Estate Corp. Plans to Develop Market and Apartments on 2.5-Acre Site
Deal clears the way for local developer Ciminelli Real Estate Corp. to break ground on 220,000-square-foot complex in Buffalo, New York. (Ciminelli Real Estate Corp.)
Deal clears the way for local developer Ciminelli Real Estate Corp. to break ground on 220,000-square-foot complex in Buffalo, New York. (Ciminelli Real Estate Corp.)
By Robert Ahrens
CoStar Research
July 25, 2019 | 3:40 P.M.

Ciminelli Real Estate Corp. purchased a 2.5-acre parking lot from the City of Buffalo for $2.33 million, or about $930,000 per acre, clearing the way for a long awaited project in Buffalo, New York.

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News | Local Developer Buys Parking Lot in Buffalo, New York