NORTH TONAWANDA, NY - There's a new prime real estate location now open for tenants in North Tonawanda. Some former factory work space is now available as residential living space right on the canal.
For years it was considered an eyesore on the North Tonawanda canal front, but this once abandoned building which housed the Remington Rand company has come back to life as the newly transformed Remington Lofts complex on Sweeney Street.
It's now set up as a residential work - loft living complex, actually with 79 apartments in the four story building and commercial space which eventually will include a restaurant.
Years ago it served as the site of the Remington firm which made office record keeping materials and other products. It closed in the 1970's but the developer recognized its value.
Katie Frederickson is the Kissling Interests Property Manager. "Anthony Kissling decided we needed to do something to develop it. He has a very good eye for development and revitalizing a community. And we decided we wanted to keep as much as we could of the historic value of the property," said Frederickson.
Now the company hopes to sell potential loft dwellers on this special space in the Lumber City. According to Frederickson, "It's just outside the city enough that it you don't want that downtown city living but you still want that sophisticated lifestyle it offers that. It's right on the canal. You can have your boat right there. It's close to shops. It's east to get to right off the 290 and it's close to everything."
Representatives of the Kissling firm admit this project is a bit of a risk, but they feel it's a worthwhile investment of an estimated $20 million.
"It's been a lot of challenging development to get it where it has been but we are working through it. There's a number of people living here and we're actively renting every day."
The Remington Lofts project received more than $1 million in local government incentives and additional historic preservation tax credits to assist in the development.