May 31, 2017 – The “designated developer” has now become the “proud owner” of the iconic Trico Headquarter Building on Washington Street, the birthplace of the windshield wiper. The Krog Group is moving forward with plans for an $80 million mixed-use facility that will complement the Buffalo Niagara Medical Campus and the new University at Buffalo Medical School. Today, Mayor Byron W. Brown, Chair of the Buffalo Urban Development Corporation and its affiliate Buffalo Brownfield Restoration Corporation, announced that The Krog Group has closed on the property and will convert the 600,000-square-foot building into a hotel, apartments and other commercial uses.
“After ten years of hard work on one of the most difficult development projects in the City, I’m pleased to announce the finalization of the real estate transaction, so the plans can move forward on this important adaptive re-use project at one of Buffalo’s historically significant buildings,” said Mayor Brown. “Krog will breathe new life into this vacant building that was threatened with demolition, and will now provide future investment and job growth in Buffalo.”
Peter Krog, P.E. and founder of The Krog Group stated, “The Krog Group is thrilled to be part of the continued resurgence of downtown Buffalo and the Buffalo Niagara Medical Campus. Trico is an important part of Buffalo’s history, but the building had fallen into a state of disrepair. While we still face many construction challenges, we’re confident that our adaptive re-use plan will return the Trico Building to prominence and serve as a useful and complimentary addition to the Medical Campus.”
The project's components include:
The former Trico complex fills a large portion of the block between Ellicott and Washington streets, north of Goodell Street, and includes five historic industrial buildings built from 1890 to 1954.