Update on Heritage Point at Canalside Project

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Now Leasing: Sinatra & Co. Barton Apartments Meld History and Luxury

January 25, 2024

Positive update on The Heritage Point Project

January 17, 2025

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Now Leasing: Sinatra & Co. Barton Apartments Meld History and Luxury

January 25, 2024

Positive update on The Heritage Point Project

January 17, 2025

January 16, 2025

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Sinatra & Company

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By Nick Sinatra, Founder & CEO of Sinatra & Company Real Estate

The Heritage Point project in Buffalo, NY represents more than just a mixed-use development; it’s a cornerstone of revitalization for our city’s historic waterfront. As a native of Buffalo, I’ve always been deeply committed to the revitalization and success of our downtown community. Alongside Heritage Point, Sinatra & Co. has spearheaded over $100M in transformative projects underscoring our dedication to Buffalo’s growth and prosperity. Overcoming many challenges that development projects across the country have been experiencing, I am proud to share that Heritage Point is back on track and closer than ever to becoming a reality.

A Project With Purpose

Heritage Point, located at Canalside, is the first major residential project in this area. Spanning 103,000 square feet across two buildings, it will feature 57 residential units, 10% of which are designated affordable housing, as well as over 27,000 square feet of commercial space. Upon completion, it will house Sinatra & Co.’s headquarters, alongside retail and restaurant spaces.

Heritage Point promises to bring jobs, housing, and new economic opportunities to Buffalo, serving as a catalyst for further development.

Navigating Challenges

The journey to deliver Heritage Point has been anything but straightforward. Like many developers across the nation, we’ve faced unrelenting increases in construction costs, interest rate spikes, and labor shortages. The pandemic amplified these challenges, nearly doubling the project’s original budget. Compounding this were unique engineering hurdles tied to the site’s geologic and hydrologic conditions.

Despite these obstacles, our commitment has never wavered. To date, Sinatra & Co. and its partners have invested over $12 million in equity, with $18.8 million already spent on the project. We have worked tirelessly to identify solutions, including securing additional financial support from the State and private partners. Most recently, Empire State Development doubled its incentive commitment to $8 million, a critical step that allows us to move forward.

With new funding in place and a clear path forward, construction is scheduled to remobilize in April 2025. Completion is projected for May 2026, at which point Heritage Point will deliver on its promise of creating a vibrant and inclusive space that Buffalo residents can be proud of.

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Nick Sinatra

Founder & CEO

In 2009, Nick Sinatra founded the real estate firm, Sinatra and Company Real Estate, a privately held, full-service entity with an initial focus to invest in value-add real estate opportunities in the Western New York region. Since its inception, he has helped build Sinatra & Company’s business model on the principles of investment, management and development to offer a fresh approach that elevates properties to their fullest potential.

Nick’s vision for Sinatra & Co. has also led him to assemble a team of highly dedicated and motivated individuals who are passionate about redevelopment in Buffalo, New York and its potential to become a world-class city. The company is dedicated to a people-beyond-profits model, which seeks to rebuild neighborhoods as sustainable investments that provide maximum returns and social impact to investors.

Under Nick Sinatra’s leadership, the firm has expanded rapidly upon its expertise on multifamily holdings, but soon incorporated commercial properties that include retail and industrial into its growing portfolio. Development projects range from historic to adaptive reuse properties focused in Buffalo and downstate New York, California and Illinois.

Since Sinatra & Co. was established, they have built over 5,000 apartment homes and 250,000 square feet of commercial space and continue to expand on its square footage each year. With a variety of other commercial and multi-family projects in the pipeline, Nick has led Sinatra & Co. to become one of Buffalo’s fastest growing firms.

As a native of Kenmore, New York, Nick Sinatra builds from an intimate knowledge of the local opportunities in the Buffalo, NY and Chicagoland regions. The firm has acquired a diverse array of investors including institutional capital backing from Genesis Capital, Colony Capital, Auerbach Opportunity Funds and the Arctaris Impact Fund. Today, Nick remains a hands-on manager of the company’s now $550 million in assets.

Prior to establishing Sinatra & Company Real Estate, Nick Sinatra worked in both national and state political affairs. He first worked in Governor George Pataki’s Buffalo, NY based economic development agency, The Empire State Development Agency, where he assisted in the development deal to purchase Geico’s call center of over 2,300 employees to Amherst, NY. Later, he served as the Associate Political Director at the White House where he oversaw President George W. Bush’s political affairs in the Northeastern United States.

A graduate of Yale University, Nick Sinatra also received his MBA in Real Estate Finance from the Wharton School of Business at the University of Pennsylvania.