Buffalo Central Terminal Announces Development Team for Historical Reuse of Living Landmark
The Central Terminal Restoration Corporation (CTRC) and the City of Buffalo Mayor’s Office of Strategic Planning are excited to announce a preferred development partner to advance the reuse of the Buffalo Central Terminal, a big step toward realizing the community driven vision for the historic landmark. Together, with the public-private support of the Regional Revitalization Partnership, the CTRC will bring to life a new future for the Central Terminal as a vibrant mixed-use campus that fosters opportunity for all.
The team of CB Emmanuel Realty LLC, The Alexander Company, and Rise Community Capital will lead the reuse of the Central Terminal. An Art Deco icon integral to Buffalo’s architectural legacy, this living landmark is both a testament to the Queen City’s history and a place to build its future.
This team was selected for alignment with the CTRC’s vision, plan and program; financial capacity and feasibility; diversity, equity, and inclusion goals and strategies; and team structure, as well as experience and capabilities.
“The selected development group brings a combined wealth of experience and a proven track record of revitalizing historic landmarks,” said Empire State Development President, CEO & Commissioner Hope Knight. “After a very thorough national search that brought in a number of quality responses, we are confident that CB Emmanuel, The Alexander Company, and Rise Community Capital will usher in a new era for the Central Terminal and turn this iconic structure into a catalytic anchor for the Broadway-Fillmore neighborhood and East Buffalo and a generational investment in the City of Buffalo.”
Development Partnership Also Selected by City of Buffalo Mayor’s Office of Strategic Planning
The preferred development partnership has also been selected by the City of Buffalo Mayor’s Office of Strategic Planning for their neighboring portion of the former train station, 59 Memorial Drive, through the joint solicitation process. Collectively the proposed 30+ acre development project will include the renovation of four (4) historic structures and 10+ acres of land owned by the City of Buffalo. CTRC owns the Main Terminal Building, the 4-story Mail & Baggage Building, and an attached structured Parking Garage and Entry Plaza, and the front Lawn. The City of Buffalo owns adjacent land towards the train tracks, including the 2-story Post Office Building and Railway Express Building.
“I’m proud to partner with the Central Terminal Restoration Corporation to breathe new life into this historic structure. I commend the hard work of my staff in the Office of Strategic Planning. They worked for the past three years to develop plans for the redevelopment of the Central Terminal, including 59 Memorial Drive,” said Mayor Byron W. Brown. “My administration is dedicated to development and neighborhood building throughout the city of Buffalo.”