Thu September 6, 2012
Plans to redevelop Tishman Building move ahead
Plans to transform the Tishman Building into a mixed use building at Lafayette Square in downtown Buffalo moved another step forward.
Wednesday Mayor Byron Brown announced a new easement agreement with The Hamister Group. The $40-million project will transform the Tishman building into a Hilton Garden Inn hotel, apartments and new corporate offices for Hamister.
“This is yet another exciting downtown economic development project that will take an historic building in the heart of Buffalo and convert it into a vibrant Hotel, a business hub, and upscale rental units for families that enjoy downtown living,” said Mayor Brown. “I applaud The Hamister Group for its commitment and dedication to Buffalo and look forward to the start of construction on this major renovation project. It’s a win-win for everyone involved and another big step in remaking Buffalo’s economy
The Hamister Group, led by chairman & CEO Mark Hamister, has agreed to pay the city $167,000.
“We’re thrilled that the City and others have seen fit to approve this project and allow us to move one step closer to construction on this project and we’re thrilled to be part of the strong momentum that is building in downtown Buffalo. This major renovation project not only takes office space off the market but adds much needed hotel space to the downtown area especially with the recent announcement of the Webster block project. We are extremely appreciative of Mayor Brown and his administration for their support throughout the planning stages of this project and look forward to a long and positive partnership," said Hamister.
The easement will allow Hamister to use a portion of the pedestrian right-of-way area at the corner of Main Street and Lafayette Square.