Update 11/20/18 – Real estate developer Daniel Blanchard of 459 Broadway has acquired the 46,193-square-foot Drescher Paper Box building after securing approvals for a special-use permit and a zoning variance for his self-storage project. Blanchard purchased the 1.9-acre site for $797,000. The $1 million conversion will include more than 200 climate-controlled units on three floors, according to the source.
Founded in 1867, Drescher is downsizing and looking to relocate, the source reported.
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3/21/18 – A development company is seeking zoning approval to turn a former warehouse in Buffalo, N.Y., into a self-storage facility. 459 Broadway LLC is under contract to purchase the property at 459-467 Broadway from Drescher Paper Box Inc. The zoning board of appeals will consider the project tomorrow, according to the source.
If the project is approved, the developer plans to add large windows and 200 climate-controlled units to the 25,000-square-foot first floor, as well as transform one of the truck entrances at the front of the building into the office entrance. The facility would offer mailboxes for rent, and sell moving, office and packing supplies.
In its application, 459 Broadway stated the changes for the building would be “highly desirable for the character of the neighborhood, and will become a contributing factor to the continued revitalization of this stretch of Broadway, in particular due to the addition of a retail element to the property,” the source reported.
The building is currently being used for manufacturing, and warehouse and inventory storage, the source reported. Drescher Paper Box produces jigsaw puzzles, game boards and setup boxes. It has been in business for more than 140 years.
Source:
The Buffalo News, Investor Buys Drescher Paper Box Building for Conversion to Self-Storage
Buffalo Rising, Self-Storage Proposed for 459 Broadway
