BUFFALO, N.Y. – Mayor Byron W. Brown’s Office of Strategic Planning (OSP) today released the results of its 2022 Development Report. The report shows the city has reached a significant milestone of an estimated $9 billion in citywide public and private development since 2012, helping to create and retain jobs and further strengthen the local economy.
“What a great vote of continued confidence in our city, that we can celebrate reaching over $9 billion in total new investment over the past ten years,” said Mayor Brown. “Since 2012, we’ve worked tirelessly to increase the city’s participation in development and to encourage more private development throughout the city of Buffalo. I look forward to the continuation of this upward momentum we’ve been experiencing.”
In 2022 citywide development was valued at more than $428 million. West Buffalo and East Buffalo were the top two areas of development in the city last year. The types of development include affordable housing, market-rate housing, mixed-use, office, retail, industrial and commercial development.
Last year a total of 126 new development projects were approved by the planning board or permitted. The residential projects will bring 519 new market-rate housing units and 492 affordable apartment units to the city of Buffalo.
The city has obtained $260,000 in funding from the Department of Environmental Conservation Climate Smart Communities Grant. The funding will help develop the Climate Action Plan. Looking forward to 2023 the city is planning community workshops to help develop a Climate Vulnerability Assessment. The assessment will help determine the placement of climate-related services in the city.
Definition: The city of Buffalo defines its streetscape work as improvements that could include the following: Street resurfacing, sidewalk and curb updates, LED lighting replacement, new signage and striping, potential bump-outs with improved crosswalk zones, bicycle accommodations, green infrastructure enhancements, ADA compliant pedestrian pathways, street trees, site furniture and public art.