Better Buffalo Fund Project Supports Revitalization of Grant Street Neighborhood
A Video Time Lapse of Construction is Available Here
Governor Andrew M. Cuomo today announced the grand opening of The Siano Building, located at 363 Grant Street in Buffalo. The $2.3 million Better Buffalo Fund project transformed a vacant lot into a 12,600 square-foot, mixed-use building consisting of retail space and 11 apartments.
"Buffalo's resurgence is undeniable, and this new development will add to its momentum and help to further revitalize this neighborhood," Governor Cuomo said. "Through transformative projects like The Siano Building, the Better Buffalo Fund will continue supporting the creation of well-designed neighborhoods, while laying the foundation for strong communities throughout the Buffalo area."
The newly constructed building has an exterior design and finish that includes brick and architectural precast concrete, projecting elements like fixed storefront canopies, bay windows and building cornice.
"The Better Buffalo Fund of the Buffalo Billion focuses on neighborhood revitalization as a key element of the city's economic and civic renaissance," said Lieutenant Governor Kathy Hochul, who attended today's ribbon cutting. "With a $440,000 grant, we have leveraged a $2.3 million investment that fills a vacant lot, adds to the vibrancy of the Grant Street corridor and confirms Governor Cuomo's economic strategy for Western New York. I thank and congratulate developers Matthew and Chris Siano for their vision and commitment to our city."
HES Properties I, LLC, a community-minded development team comprised of two brothers, Chris and Matthew Siano, received a $440,000 BBF loan for costs related to the construction of the mixed-use building. The BBF is a $40 million Buffalo Billion initiative dedicated to projects that encourage density and growth along transportation corridors and revitalize neighborhood commercial districts, encouraging alternative transportation and walkability.
The building at 363 Grant is the second project on Grant Street to be taken on by the Siano brothers. The former Phil Martino's West Side Appliance and Furniture building was renovated into 2,000 square-feet of commercial space and two market rate apartments. The Siano brothers also have plans to turn two vacant city-owned parcels at 382 and 386 Grant Street into more commercial space and apartments.
In recent years, the Grant Street area has become revitalized with new and improved apartments, additional cafes, bookstores and other small businesses. Some of these enterprises have been created and operated by immigrant and refugee entrepreneurs that have been drawn to the area over the last several years and helped it flourish.
HES Properties I LLC Member Chris Siano said, "Matt and I are extremely proud of our latest investment into this ascending neighborhood. We learned a lot on this project, and we look forward to continuing to work with our design and build teams, the City and hopefully the State as we continue to invest in Grant Street in the years ahead."
Empire State Development President, CEO and Commissioner Howard Zemsky said, "The Siano Building is an excellent example of the strategic investments we’re making in smart growth projects that are breathing new life into our community. Under Governor Cuomo's leadership, we’re seeing vacant areas transformed into high-quality, mixed-use spaces that are revitalizing our commercial corridors and neighborhoods."
Senator Tim Kennedy said, "Projects like The Siano Building are possible in part because of the continued investment of the Better Buffalo Fund and the leadership of Governor Cuomo. Neighborhood after neighborhood is seeing a transformation and growth along our transportation corridors, in turn increasing the connectivity and walkability of our city. I’m grateful for the state’s commitment, and look forward to the opportunities that await."
Assemblyman Sean Ryan said, "This new mixed-use building will be a great addition to the growing Grant Street neighborhood. The Buffalo Billion and the Better Buffalo Fund have been integral to the New Buffalo. The funding provided for this project, and others, is helping to revitalize neighborhoods, and ensure economic progress across the City of Buffalo."
Erie County Executive Mark Poloncarz said, "Investments in projects like the Siano Building are a great way to target community revitalization efforts and have a tremendous transformative effect on neighborhoods, the people who live there, and the people who pass through for business or other reasons. Thanks to Governor Cuomo and the Better Buffalo Fund, what was once a vacant lot has been transformed into a mixed-use building that is attractive to potential residents and businesses while creating a new, welcoming place in the community. The reinvigoration of historic Grant Street is picking up speed and projects like the Siano Building are helping to build critical mass."
City of Buffalo Mayor Byron Brown said, "I thank Governor Andrew Cuomo for his continued partnership and support of our city through the Better Buffalo Fund, which will pump $40 million into the City of Buffalo through the Buffalo Billion initiative. Today we are celebrating the opening of one of the fund’s revitalization projects, The Siano Building. The transformation of this vacant lot into a $2.3 million building, featuring retail and residential units, is another example of the growth we’re seeing on Buffalo’s West Side, reinforcing that a new era of hope and opportunity continues in our City."
City Council Member David Rivera said, "Grant Street is the embodiment of diversity, culture and growth here on the Westside. The Better Buffalo Fund is producing projects such as The Siano Building, which will transform this area of Grant Street and fully develop this location to be a healthy and sustainable neighborhood in the City of Buffalo. Walkable neighborhoods that encourage alternative transportation in mixed use development create an environment of smart and collaborative growth that benefits everyone. I want to thank the Better Buffalo Fund, as well as the Siano brothers for their commitment to Grant Street."