In the market: 505 Pearl Street

One of the few large buildings in the city center that has been renovated for renovation is up for sale. 505 Pearl Street, owned by Mark Krose, is listed by The Knoer Group for $ 1.3 million. Six-story, 42,000 square feet. the building is located opposite the 500 Ellicott Development complex on Pearl Street and is adjacent to the 710 Shea Theater.

From listing:

Ready to upgrade. Located in the Federal Opportunity Zone. Strong structure with historic tax credits and other development opportunities. Significant funding in the immediate area. The Metro Rail is less than a block away and one stop away from the Buffalo Niagara medical town metro station. Possibility to organize long-term parking on the adjacent plot.

505 Pearl Street was built for Byers companies to distribute and store films. The building is known as the Rings Saturn Building, named after an ancient tenant who was a jewelry manufacturer.

In 2014, Croce agreed to add 29 apartments on the upper floors of the building with commercial space at ground level. He laid down plans prepared by Carmina Wood Morris (above) when he focused on opening the Curtis Hotel, renovating it to Statler City and converting the CW Miller Livery Stable on W. Huron Street into Emerson’s second hospitality school.

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