The former South Junior High School in Niagara Falls is being transformed into a mixed-use space known as Niagara City Lofts.
The 61 housing unites include 49 one-bedroom, 10 two-bedroom and two studio apartments. Six of the units will he handicapped-accessible and rents will be set to attract veterans and young professionals just starting their careers.
There is also 19,000 square feet of commercial space available and a restored auditorium that may be rented for community events.
State Assemblyman Angelo Morinello praised the developer, CB Emmanuel, for having vision to bring new life to the once-dilapidated building.
"They have created a community within the City of Niagara Falls. This building will become a community. They have an auditorium that the rest of the community could use. I applaud the vision. I applaud the preservation," said Morinello.
The project was funded by a combination of bank loans, tax credit equity and a $5 million grant to Niagara Falls from Empire State Development.