Reuse of the Central Terminal has taken a significant step forward today by naming a development to assist with the mammoth effort. CB Emmanuel Realty, The Alexander Company, and Rise Community Capital have been selected by Central Terminal Restoration Corporation and the City of Buffalo to help with implementing an ambitious, multi-year, multi-use restoration plan for the east side complex.
The 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.”
Plans for long-term development focus on creating new economic activity, bringing in local, accessible jobs, providing local businesses, entrepreneurs, and non-profits with a platform to collaborate and grow, and building housing to retain local residents while also attracting new ones to the neighborhood.
This article was originally published by Buffalo Rising.
