Buffalo’s Skyline Changes

HC-BeforeAfter-3 (2)

Construction at HARBORCENTER nears completion! The photo above is a comparison between July 2014 and July 2015. This development sets a new standard for sports entertainment. The one-of-a-kind facility is composed of two hockey rinks, a 205-room Marriott hotel, parking ramp, Tim Horton’s Coffee Shop, (716) Food and Sports restaurant, and retail shops, all connected to First Niagara Center.

by Alyssa Crick Williams, Graphic Designer

If We Develop It

The latest report from the CBRE Buffalo office sets industrial vacancy rates at a record-low, 4.5%. On the plus side, we can celebrate the fact that there is growing interest in relocating or expanding a business in Buffalo Niagara.  On the minus side, our inventory of existing commercial real estate, especially in the industrial market, is shrinking.  Large, modern, open facilities with high ceilings and other industrial amenities are difficult to identify in any western New York market. Now is the time for local developers to turn their attention to this pressing lack of industrial inventory.

Spec space can be challenging and partially leased space has been difficult to impossible to finance since the recession. While spec space can be a risky and costly endeavor, properly done, it could benefit both the developer and the Buffalo-Niagara region.

Preparing an industrial site for development can take months, maybe years. This means looking both within, and beyond, the city limits, identifying potential parcels that will suit a manufacturing business’s substantial needs — like access to transportation, low cost power, water, parking and more.

The recent spotlight on Buffalo Niagara has led to even more attention from site selectors. Thanks to our industrial past, there is an available and affordable workforce, attractive to out-of-market manufacturers. But without the real estate, our region is going to miss out on golden opportunities that translate to jobs lost for both younger and older workers.

by Steve Blake, CCIM  Partner, CBRE|Buffalo


It’s Happening Now! Check out the New Buffalo

This short video (Paget Films) shows some of Buffalo Niagara’s newest developments and captures the region’s momentum and energy. Nice job Western New York Regional Council and ESDC. Check it out!

When it Comes to High Tech, Buffalo Manufacturing Works

While not the flashiest of Governor Cuomo’s Buffalo Billion initiatives, Buffalo Manufacturing Works has the potential to be one of the most effectual of them all. Originally dubbed the Buffalo Niagara Advanced Manufacturing Institute, Buffalo Manufacturing Works will soon become a pillar of the region’s manufacturing sector, providing technology solutions to companies across the industry through world-class engineering support, research and design, training and strategic services. Over the next five years, $45 million will be invested in facilities, equipment and engineering staff creating a state-of-the-art institution for the benefit of WNY manufacturers.

Perhaps my favorite aspect of Buffalo Manufacturing Works is that it creates a major new asset for existing WNY manufacturers while simultaneously creating an incentive for BNE to market to potential attraction targets. In an era where companies across the board are cutting back on research and development budget lines, the opportunity to leverage this great asset will be a significant draw for growing manufacturing firms. Few other locations provide companies with such an advantage.

Resulting from several in-depth focus groups and research, three primary technology areas will dominate Buffalo Manufacturing Works: flexible automation, materials and testing, and processing and fabrication. Columbus, Ohio-based EWI, North America’s leading engineering and technology organization, will operate the institute. The member-driven not-for-profit was selected to operate the Buffalo initiative based on its 30 years of success in central Ohio. Three additional key local partners are involved: the University at Buffalo providing access to early-stage fundamental research and academic facilities; Insyte Consulting assisting with improvements to process and operational productivity; and the World Trade Center Buffalo Niagara helping companies identify new markets and export opportunities.

As manufacturing shifts ever more towards highly technical and advanced practices, this investment will prove integral in continuing the Buffalo Niagara region’s great legacy as a nucleus of manufacturing innovation.

Click here to read more Buffalo Manufacturing Works from the Buffalo News.

by Alan Rosenhoch, Business Development Manager

Mapping Downtown Buffalo’s Development

by Christopher Finn, Research Manager

In the years ahead, 2014 will be viewed as a milestone in Buffalo’s history.

-The year that development plans and proposals turned to cranes and steel.

-The year that saw the commencement or continued construction of projects that altered the future of the western New York region.Buffalo, NY Development on the Rise!

These projects were not achieved by happenstance, but through decades of hard work and persistence from local stakeholders, built from the foundation of other significant development ventures that came before.

From Buffalo Billion Initiatives, (eg – High Tech Park @ Riverbend and IBM’s announcement) to HARBORcenter; from the University at Buffalo’s Medical School to Canalside, Buffalo’s development is occurring organically and with great diversity.

Our future is now and it’s the culmination of a development strategy rooted in unprecedented cooperation between public and private entities, community organizations and every level of government.

In an effort to chronicle this momentum, Buffalo Niagara Enterprise has updated our downtown developments maps. We consider this an ongoing effort, with updates occurring regularly, so input is always welcome. Please do not hesitate to contact me directly with observations, additions, or edits.

STATUS, Downtown Buffalo Development Projects (Completed, Under Construction and Proposed)

TYPE, Downtown Buffalo Development Projects (Medical/Medical R&D, Mixed Use, Office, Other, Residential and Tourism/Hospitality)

Connect with BNE at Trade Events

by Tony Kurdziel, Business Development Manager

BNE’s 2014 travel schedule is already in full swing, with each trip carefully planned around our industry attraction strategy. Thus far, we have already exhibited at the Canadian Home Furnishing Market Trade Show (http://www.tchfm.com/) held at The International Centre in Mississauga, Ontario, and featured hundreds of manufacturers and distributors from across North America. We participated in this as part of business development/networking event that the American Chamber of Commerce in Canada (Halton Peel Chapter) coordinated. Many thanks to those folks for inviting us to their event.

In the next several weeks, BNE’s Business Development team will be increasing our travel as the trade show industry emerges from its winter lull. There is great deal of research that goes into researching and selecting these shows, followed by more effort to schedule appointments with attendees at each show. We also try to maximize the downtime before and after trade shows by meeting with site consultants and real estate brokers that work in our market but do not have an office presence here. It is an efficient way for us to keep Buffalo Niagara “top of mind” with key service providers and influencers across North America.

Here is a partial list of the shows we will be attending in the upcoming months:

If anyone would like to connect with BNE prior to- or at – these shows, simply reach out to me, Alan Rosenhoch or Carolyn Powell.

Top 10 Reasons Canadian Businesses Expand to Buffalo Niagara

Since 2000, BNE has helped more than 60 Canadian companies expand their business to Buffalo Niagara. Each of these companies was unique and had their own reasons why they wanted to enter the U.S. market however there were certainly some common themes. See the following infographic for the top ten reasons Canadian companies expanded here:
Buffalo Niagara Can Jan2014

Are You Right for Buffalo? Thank you!

So many people were generous with their locations and time in the making of Are You Right for Buffalo? Thank you for your help promoting Buffalo:

John Paget and fabulous crew of Paget Films, Block Club, Larkin Square, Buffalo Harbor Kayak, WNYBAC, Sun Restaurant, Healthy Zone Rink, Anchor Bar, Lexington Co-op, Liberty Hound, Canalside, Tabree, Bistro Europa, Megan Norris, Erin Habes, Bonnie Jean Taylor (wonderful host), Seamus (the wingman), and Chuck and Bill Banas the “twins”…Thanks so much to all!

Buffalo’s Top Projects, Ranked by Investment

Info graphic. The top 10 development projects in downtown Buffalo, NY (proposed, under construction and completed) ranked by investment totals an impressive $1,709,000,000.

  • 4 currently under construction, 4 recently completed, 2 more proposed/moving forward
  • Top 3 are located on the Buffalo Niagara Medical Campus (BNMC); remaining are throughout downtown Buffalo
  • Represent a good mix of uses such as medical, tourism/hospitality, federal , office and mixed use

Buffalo Niagara Development dec2013