Sch­nei­der buys old Lib­erty Bank branch on Seneca Street, near his Shea’s project

Brew­ery, res­tau­rant among re­use op­tions

The Buffalo News - - BUSINESS - By Jonathan D. Ep­stein NEWS BUSI­NESS RE­PORTER – David Robin­son – Wash­ing­ton Post – Bloomberg News

Ar­chi­tect-turned-de­vel­oper Jake Sch­nei­der is ex­pand­ing his hold­ings in South Buf­falo, adding the his­toric Lib­erty Bank build­ing on Seneca Street with plans to bring a brew­ery, dis­tillery or res­tau­rant to the site.

Sch­nei­der De­vel­op­ment paid $150,000 to buy the 3,800-square­foot struc­ture at 2221 Seneca St. from Bank of Amer­ica Corp. The one-story build­ing, orig­i­nally de­signed by ar­chi­tect Harold Jewett Cook and built in 1921, served as one of three Lib­erty Bank branches in South Buf­falo and later Fleet Bank un­til it be­came a Bank of Amer­ica of­fice in 2004.

The build­ing is lo­cated one block south of the for­mer Shea’s Seneca the­ater, where Sch­nei­der al­ready is en­gaged in a full re­ha­bil­i­ta­tion project.

“This build­ing is a hid­den gem and ac­quir­ing it was an easy de­ci­sion,” Sch­nei­der, pres­i­dent of Sch­nei­der De­vel­op­ment and CEO of Sch­nei­der Fam­ily of Ser­vices, said in a state­ment an­nounc­ing the pur­chase. “The ac­tiv­ity and in­ter­est sur­round­ing Seneca Street, es­pe­cially since we an­nounced Shea’s Seneca, has been amaz­ing and we think this build­ing will only add to the vi­brancy that is tak­ing shape on the street right be­fore our eyes.”

At Shea’s Seneca, Sch­nei­der is con­vert­ing the 48,000-square-foot for­mer the­ater build­ing into 21 apart­ments and space for four com­mer­cial ten­ants, in­clud­ing Pub­lic Cof­fee and Es­presso, Sec­ond Gen­er­a­tion The­ater and Classic Ban­quets. It’s slated to open in late sum­mer 2018.

The de­vel­oper hopes the new ven­ture will com­ple­ment the $9 mil­lion Shea’s project, as well as other re­de­vel­op­ment along Seneca, to main­tain the grow­ing re­vival of the South Buf­falo com­mer­cial cor­ri­dor. Be­sides Sch­nei­der, other de­vel­op­ers work­ing in South Buf­falo in­clude Karl Fri­zlen and Hook & Lad­der De­vel­op­ment.

Sch­nei­der said work­ers will un­cover his­toric ar­chi­tec­tural de­tails of the build­ing that have been hid­den for decades. For ex­am­ple, a drop ceil­ing con­ceals 30-foot ceil­ings with


Tay­lor De­vices prof­its from Asian construction

A re­bound in its Asian construction mar­kets helped Tay­lor De­vices boost its first-quar­ter prof­its by 44 per­cent, the North Ton­awanda shock ab­sorber man­u­fac­turer said Thurs­day.

The com­pany’s sales grew by 14 per­cent to $6.6 mil­lion dur­ing the quar­ter that ended in Au­gust, com­pared with $5.8 mil­lion a year ear­lier, as its rev­enue from Asian projects rose by 30 per­cent. Sales of Tay­lor dampers for bridge and construction projects im­proved by 22 per­cent.

Tay­lor De­vices’ prof­its im­proved to $301,747, or 9 cents per share, from $209,834, or 6 cents per share, a year ago. The com­pany’s back­log of or­ders in­creased slightly to $21.6 mil­lion at the end of Au­gust, up from $21.3 mil­lion a year ago.

“We are hope­ful for im­proved sales and prof­itabil­ity lev­els this year,” said Dou­glas P. Tay­lor, the com­pany’s pres­i­dent, in a state­ment.

One build­ing that uses Tay­lor De­vices dampers to help pro­tect it from seis­mic dam­age, the Torre Mayor build­ing in Mex­ico City, had no struc­tural dam­age dur­ing the city’s re­cent earth­quake, Dou­glas Tay­lor said.

Mal­ware haunts Equifax

Equifax has taken one of its web pages off­line fol­low­ing a re­port that an in­de­pen­dent se­cu­rity re­searcher en­coun­tered ma­li­cious links dur­ing mul­ti­ple vis­its to the com­pany’s web­site.

“We are aware of the sit­u­a­tion iden­ti­fied on the web­site in the credit re­port as­sis­tance link,” Equifax spokesman Wy­att Jef­feries said in a state­ment.

On Thurs­day, Ars Tech­nica re­ported that se­cu­rity an­a­lyst Randy Abrams was prompted to down­load fraud­u­lent Adobe Flash up­dates when he vis­ited the Equifax web­site to con­test his credit re­port. Abrams de­ter­mined that when those up­dates were clicked, ad­ware would in­fect a visi­tor’s com­puter. Abrams also en­coun­tered those links dur­ing at least three sub­se­quent vis­its, ac­cord­ing to Ars Tech­nica.

Tar­get to use voice ser­vice

Tar­get, look­ing to keep pace with Walmart Stores and Ama­, is ex­pand­ing its pact with Google’s shop­ping ser­vice to the en­tire U.S. and will soon add voice-ac­ti­vated smart­phone pur­chases.

The na­tion­wide home-de­liv­ery ser­vice broad­ens an of­fer­ing that’s been avail­able in New York City and Cal­i­for­nia for the past few years. Soon, shop­pers will also be able to buy Tar­get goods like Cat & Jack kids’ ap­parel and Archer Farms food by voice over some An­droid and Ap­ple phones.

The move is Tar­get’s lat­est at­tempt to at­tract more on­line shop­pers as the holidays ap­proach. In Au­gust, it ac­quired a soft­ware com­pany that man­ages lo­cal and same-day de­liv­er­ies. For Google, the deal ex­tends the ap­peal of its on­line mall.

orig­i­nal plas­ter­work, while bricks cover or­nate stained-glass win­dows.

“At some point, a num­ber of the orig­i­nal ar­chi­tec­tural de­tails were en­closed,” Sch­nei­der said. “We will bring all of th­ese el­e­ments back to the fore­front of the build­ing’s de­sign. It should look re­ally spe­cial by the time we are done.”

The bank also fea­tures the orig­i­nal walk-in vault and se­cu­rity de­posit boxes, which could be in­cor­po­rated into the re­design, Sch­nei­der said. “It will de­pend on what type of ten­ant we se­cure for the build­ing,” Sch­nei­der said. “Ob­vi­ously, the more we can pre­serve, the bet­ter. That’s al­ways our phi­los­o­phy.”

The prop­erty in­cludes 56 park­ing spa­ces, some of which could be trans­formed into an out­door seat­ing area be­hind the build­ing if a ten­ant wants a pa­tio.

Sch­nei­der also plans to seek state and fed­eral his­toric tax cred­its to help fi­nance the project, which he dubbed Lib­erty Seneca in recog­ni­tion of the orig­i­nal owner.

Com­pany rep­re­sen­ta­tives are seek­ing a ten­ant and have had some “pre­lim­i­nary con­ver­sa­tions,” said Sch­nei­der Vice Pres­i­dent of De­vel­op­ment Matt Har­trich. Fi­nal de­vel­op­ment costs and time­lines will de­pend on the ten­ant.

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