Douglas Jemal’s inventory in western New York spans business premises far and wide
Developer Douglas Jemal in Seneca A tower that is the largest of several redevelopment projects that Jemal is undertaking in Buffalo.
Washington developer Douglas Jemal made his first and biggest impression on Buffalo since buying the then vacant Seneca One Tower from foreclosure in 2016.
And he hasn’t stopped since.
He is spending $ 150 million to convert the 38-story complex – Buffalo’s tallest and one of its largest – into an office tower housed by the M&T Bank Corp. technology center. and other technology companies, but also with 115 apartments and retail space.
But that’s far from his only investment in West New York, as Jemal has dabbled in virtually every major tough real estate situation in the city and even its largest suburb.
He is converting the Statler City complex, which he bought from the Mark Croce property, into a residential building and event location.
Jemal is negotiating the takeover of the Hyatt Regency Buffalo – he already holds the mortgage – and plans to use it for the hospitality element of the Statler project.
And that is just the beginning. From the former Buffalo Police headquarters to the Richardson Olmsted Complex to the Boulevard Mall, Jemal is spending hundreds of millions of dollars – at least $ 400 by its own estimates – to recreate the city’s landscape and bring its treasures back to life.
He even donates to local charities, including his recently announced plan to help Buffalo & Erie County’s Marine and Military Park raise $ 1 million for the repair and rescue of the USS The Sullivans. And he owns a house on Nottingham Terrace so he can have his own place to stay when he’s in town.
Here’s a more detailed look at Ever Deals.
The Seneca One Tower on Main Street in downtown Buffalo.
Description: 1.2 million square meter complex with a 38-story tower, two spacious base levels and two four-story outbuildings.
Plans: Remake in a technology-centric commercial center as well as 115 residential units, restaurants and retail spaces.
Status: On road. Several commercial tenants have signed leases, including M&T Bank Corp., and 93 apartments are rented.
The former Buffalo Police headquarters at 74 Franklin Street
Derek Gee / News File Photo
Buffalo Police Headquarters
Description: 85 year old 130,676 square foot Art Deco style structure with four floors.
Plans: Conversion into Police Apartments with 113 apartments, consisting of three two-bedroom units, 55 one-bedroom apartments and 55 studio units. Jemal will also restore and highlight the preserved prison cell block.
status: In processing. Expected to open in July 2021.
A worker installs roofing material at the main entrance to Statler Towers on Delaware Avenue in Niagara Square, Friday, January 8, 2021.
Address: 107 Delaware Ave.
Description: Centuries-old, 800,000 square meter historic landmark hotel with three towers and 18 floors.
Plans: Two-year renovation in 536 apartments on floors 3 to 18, with the banquet and event center and retail outlets on the lower floors as well as games or meeting rooms in the basement.
Costs: $ 150 million including $ 7.75 million purchase
Status: The external work, the demolition and the renovation of the interior will take the next three months.
The Hyatt Regency in Buffalo.
Harry Scull Jr.
address: 2 fountains Plaza
Description: 396 rooms, 350,000 square meter full-service hotel in the 16-story historic Genesee building on 1.8 hectares.
plans: Already owns the mortgage but is negotiating with Snyder Corp. about taking over the hotel so that he can reopen and upgrade it.
Costs: Unsure but spent $ 9.7 million on foreclosed mortgage purchase.
The Richardson Olmsted Campus with its famous towers.
Derek Gee / Buffalo News
Richardson-Olmsted Campus / Hotel Henry
Description: 463,000 square foot campus with 13 vacant buildings, originally the Buffalo State Asylum for the Insane.
Plans: Negotiations to rent and reuse 10 of 13 buildings, including three buildings used by Hotel Henry and seven to the west, for a total of 202,000 square meters. Would reopen and convert other buildings for residential and retail use.
Costs: $ 50 million for west buildings
The circular ramp from the skyway to I-190 to the north, where Douglas Jemal plans further development to complement the Seneca One tower across the street.
Derek Gee / Buffalo News
Description: 0.87 acres of empty city owned property surrounded by a loop of the motorway and now used for parking.
Plans: Planning of a nine-story, 300,000 square meter new building with 200 apartments and 500 structured parking spaces next to the Seneca One Tower.
Status: Pending, possible completion by the end of 2022
Douglas Jemal bought the River Rock Industrial Incubator on Rano Street in Riverside.
Description: 95,000-square-foot, two- and three-story brick industrial complex in Riverside.
Plans: Restore it as an incubator through Startup NY and SUNY Buffalo State. Currently, while some tenants are using the remaining space as storage, they are looking for new residents.
Costs: Unsure, but purchase price of $ 525,000
Developer Douglas Jemal has bought the former Hook & Ladder No. 8 fire station on Chicago Street in the Cobblestone District.
Address: 174 Chicago St., plus 186 Chicago and 83 Fulton St.
Description: 2.5-story brick building measuring 5,928 square feet in 0.25 acres, located behind Seneca Buffalo Creek Casino.
Plans: “Cool bar” and three to four residential units
Costs: Unsure, but bought $ 325,000
Status: Pending. The work has not started yet.
Sharon Cantillon / News File Photo
Boulevard Mall and Wegmans
Address: 730 and 675 Alberta Drive, Amherst
Description: Second largest closed mall in West New York at 64 acres.
Plans: 10 year project to transform into a new lifestyle center called Boulevard Place with retail, office and residential elements as well as new streets on the site. Wegmans and a few other stores will remain.
Costs: At least $ 100 million plus $ 30 million purchase
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