Iskalo Development News


Choice for Hotel Owners: Join the Club or Go it Alone

David Chiazza of Iskalo Development says $11 million is being spent to renovate the Lord Amherst into an 88-room, boutique style hotel.

The company is renovating the Lord Amherst and keeping it an independent hotel in much the same way it has operated for more than 50 years.

At the same time, it's building a 137 room hotel nearby that will be the first Hyatt Place product in Erie County.

Source: Buffalo Business First
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Blue Bridge Financial plans move to Electric Tower

A Williamsville equipment financing company plans to move to the Electric Tower in downtown Buffalo and is promising to create 71 new jobs during the next five years. Blue Bridge Financial, which currently has 12 employees at its office at 5500 Main St., plans to move into 5,500 square feet of space in the Electric Tower with help from a state incentive package that could include as much as $586,173 in tax credits from the Excelsior Jobs Program.

Source: The Buffalo News
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Growing Financial Services Firm Moving into Electric Tower

Blue Bridge Financial, LLC, a direct lender, is a leading provider of equipment financing solutions to equipment manufacturers and distributors as well as directly to small business borrowers on a national basis. The company is headquartered in Buffalo. "We are excited to announce the relocation of our corporate headquarters to the historic Electric Tower Building in the Buffalo business corridor," said Blue Bridge Financial CEO Mark DeBacker.

Gov. Andrew M. Cuomo said in a statement, “I am pleased that the state was able to play a role in convincing Blue Bridge Financial to take a second look at Buffalo.” Cuomo said the decision to set up the company’s headquarters in downtown Buffalo “is a testament to the advantages that Western New York offers to growing businesses.”

Blue Bridge Financial President Brian Gallo added, “The high quality Class A office space of the historic Electric Tower, combined with the job growth incentives provided by New York State, uniquely position us for continued significant growth and expansion of our product offerings into complementary financial service products.”

Source: Buffalo Rising
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Iskalo Development Corp. Announces New Tenant at 63 Park Club Lane

Iskalo Development Corp. today announced the expansion of their holdings within the Main Street corridor in Williamsville and the Western New York area, with their recent acquisition of 63 Park Club Lane. Located across from the Tony Walker Center, and uniquely associated with its bright red color and house-like loft style, consists of 2,738 square feet of professional office space. The location was formerly owned by Prise Properties. Iskalo Development is pleased to announce that tenant, Circulatory Centers New York will occupy the newly acquired property and the office will serve as Circulatory Center’s new flagship facility, as they enter the Buffalo market.

Source: Press Release
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Iskalo Development Corp. Announces Electric Tower will be “Blue for Ben” and for NASA Support Initiative

Williamsville, NY – Iskalo Development Corp. today announced their participation with NASA space station in support of Ben Sauer and the “Blue for Ben” project. NASA has decided to participate in the “Blue for Ben” campaign and will be taking images of “Buffalo in Blue” from space. The initiative will begin April 3rd and will continue through April 5th. Iskalo Development will participate in the initiative by lighting the company owned Electric Tower blue for the event.

Source: Press Release
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Renovation of Lord Amherst to Commence; Will Create A Boutique Hotel That Pays Tribute to Property's Rich History

Hotel will temporarily close April 14th through reopening expected in spring 2015.

Iskalo Development Corp. is announcing that the Lord Amherst Hotel, located at 5000 Main Street in the Town of Amherst, will temporarily close at 5:00 pm this April 14th in order for preparations to begin for a dramatic renovation project that will create an 88 room, upscale, boutique hotel that pays tribute to the neighborhood landmark’s rich history.

The renovated hotel will be part of the hospitality campus Iskalo is developing on the Main Street property it acquired in 2011 that will also include the 137 room Hyatt Place Hotel, presently under construction, and a full-service restaurant on the site.

Source: Press Release
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Tenants in the News: Tabree’s charcuterie platter is artful introduction to local pork

You’ll enjoy getting board with Tabree’s charcuterie platter.

You don’t need a table to explore Chef Bruce Wieszala’s penchant for locally sourced food at Tabree (4610 Main St., Snyder).

Tabree offers a charcuterie platter in two sizes ($30, $16) populated with a sampling of cured meats that Wieszala has made in classic Italian salumi style, using pork raised in Lockport. It’s especially popular with customers looking to sit at the bar and have a bite with drinks, Wieszala said.

For information, call 844-8477 or visit

Source: The Buffalo News
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The Big Guns: Who's Who Among Buffalo Developers

It’s a great time to be a developer in Western New York.

After a long period of relative stagnation, the region’s commercial real estate market has surged in the past couple of years, spurred by billions of dollars of investment in the Buffalo Niagara Medical Campus, Canalside, the Outer Harbor and other initiatives. From the downtown core to the suburbs, developers are investing private dollars into projects to build new office, hotel, retail and other commercial facilities, or to convert aging industrial warehouses and plants into modern, new complexes. More than four dozen projects of various size and scope are now under way.

Who is behind all this development? Here’s a look at the major players.

Source: The Buffalo News
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Tens of Thousands Celebrate New Year's Eve Ball Drop at The Electric Tower

On December 31, 2013, Thousands of celebrants gathered in the Electric District to celebrate the 26th annual New Year’s Eve Ball Drop, held at Iskalo Development’s Electric Tower. Frigid temperatures in the single digits didn’t seem to keep Western New Yorkers from attending the celebration, which is the second largest in the nation.

Source: Press Release
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Ring in 2014 at the 26th annual “Buffalo Ball Drop & Fireworks” at Iskalo Development’s Electric Tower, 535 Washington Street, in downtown Buffalo. Roosevelt Plaza – where Huron, Genesee, and Washington Streets meet – will come alive on New Year’s Eve, Tuesday, December 31st when tens of thousands of people gather for the second largest such event in the United States!

Source: WKBW-TV
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Electric Tower Lit Pink to Remember The Nation's First Female Architect, Louise Bethune

To mark the 100th anniversary of the death of lady architect Louise Bethune, the historic Electric Tower in downtown Buffalo will be lit in “Architect Barbie Pink.” Bethune was an inspiration for Mattel’s recently introduced Architect Barbie doll, designed to inspire girls to consider choosing a career in architecture.

Source: The Buffalo News
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Iskalo Development Corp. acquires former Patrick Homes headquarters at 8600 Transit Road

Iskalo Development Corp. announced the acquisition of the former Patrick Homes headquarters building at 8600 Transit Road in East Amherst. The highly recognized, award-winning two-story building consists of 20,000 square feet of Class A office space and offers exquisite, fully-finished office suites.

Source: Press Release
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The Guarino family & Iskalo announce new seafood restaurant to open at 5 East Huron in the Electric District

Iskalo Development Corp. announced that it has entered into a lease with renowned restaurateur Jim Guarino, for the former Howard Shoes Building at 5 East Huron Street. The Guarino’s will open a seafood restaurant named ‘Oshun’ which is targeted to open in spring 2014.

Source: Press Release
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Developer Plans Apartment Complex For Vacant North Buffalo School

Iskalo Development plans to convert St. Margaret’s School on Hertel Avenue, which closed in June 2013, into 20 to 25 market-rate apartments, with work expected to begin in 2014.

Source: The Buffalo News
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New Craft Brewery On Tap For Downtown Buffalo

A group of entrepreneurs is planning to start a small-production craft brewery called the Big Ditch Brewing Co. on Ellicott Street in downtown Buffalo to make and sell its draft product to local bars, restaurants and retailers.The three behind the new company has selected the two-story former Verizon Communications facility at 337 Ellicott St. as the location for their new business. Iskalo bought the 32,878-square-foot warehouse facility, including a small service bay, in May 2011.

They plan to start operations early next year and say it will be the first production brewery in more than 40 years to locate in downtown Buffalo.

Source: The Buffalo News
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Preservation Award Winner: Evans Bank at Mennonite Meeting House

Preservation Buffalo Niagara is recognizing outstanding preservation projects and those contributing to preservation efforts at its annual awards ceremony.

The Evans Bank project is being recognized as an outstanding example of adaptive re-use of a historic building. Iskalo Development Corp. was able to rehabilitate this important piece of Amherst and WNY history and make it adaptable to become a branch office for Evans Bank.

The Mennonite Meeting House was constructed in 1834 and is one of the oldest churches in Western New York and is the oldest surviving religious building in Amherst.

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Brick by Brick Winners Announced

Eight local projects were named winners in their respective categories during the annual Business First “Brick by Brick” awards, including the Best New Office/Development award to Iskalo Development’s 2780 Delaware Avenue project in Kenmore.

Source: Buffalo Business First
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