BUFFALO, N.Y. — Habitat, a developer and property manager based in Chicago, has received planned unit development approval from the Buffalo Common Council to redevelop Marine Drive Apartments. The $400 million project is a joint venture between Habitat, Duvernay + Brooks and the Buffalo Municipal Housing Authority. The property currently comprises 616 units across seven 12-story towers, which were built more than 70 years ago and have since fallen into disrepair.
Phase one of the redevelopment will include constructing a mix of new towers on the lot adjacent to the complex’s current buildings. The 300,000-square-foot phase one complex will include a mix of low-, mid- and high-rise buildings, a parking garage and commercial space.
The joint venture is currently focused on securing final design approval from the city and filing financing applications with the state of New York by the end of 2023. Phase one is expected to break ground in late 2024. The project is anticipated to be completed by 2029. At full build-out, the redeveloped community will offer 700 apartment units across multiple buildings.