Deal Profile: Shea’s Seneca

This adaptive use transformed a two-story, 48,000-square-foot commercial building and ornate movie theater lobby into 23 loft apartments, four neighborhood-serving retailers, and a large banquet facility that fills the former lobby. The structure is the most prominent building along the Seneca Street corridor in south Buffalo, New York. The renovation was completed by a local developer and financed by a local bank, together with historic tax credits, local tax incentives, and grants.

Artspace Buffalo Lofts

Located in Buffalo, New York, the Artspace Buffalo Lofts is an affordable housing project for artists that includes 60 live/work units and 9,795 square feet (910 sq m) of ground-floor commercial space. A renovated warehouse contains 36 of the units as well as the commercial space, the additional 24 residences are housed in six new buildings directly east of the rehabilitated structure. The commercial space provides a venue for residents and the greater Buffalo arts community to gather, network, and host events and showings.