Long Vacant Eckhardt Building (950 Broadway) Sold

Last night I received word that 950 Broadway had been sold…this is what I posted on Facebook.

Just received word that the iconic 950 Broadway (Eckhardt Building) has been purchased (closing in March) by a local investment group, led by Kaleida surgeon Dr. Fadi Dagher. He is same person who bought 998 Broadway recently. More soon! This is huge!

Here is the more part and it comes courtesy of Buffalo Rising.

A Broadway Fillmore landmark is under contract.  An investment group that includes Kaleida Health transplant surgeon Fadi Dagher, MD has agreed to purchase the Eckhardt Building at the northwest corner of Broadway and Fillmore.  Dagher met neighborhood stakeholders today to introduce himself.  Renovation plans for the building are still fluid but sources say Dagher is eager to bring retail and office tenants into the building’s first two floors.  Plans for the third floor are undetermined.

The circa-1940, 42,000 sq.ft. building has been vacant since 2004 when the New York State Department of Labor and 78 Restoration Corporation, a neighborhood based education and job training program, closed their offices.

The property has been owned by the same family since the 1880’s and has turned down at least one purchase offer from a national drug store that sought to demolish the building.

Dagher’s FJD Capital Real Estate LLC purchased 998 Broadway earlier this month for $600,000.  It is the former location of Sattler’s Department Store and most recently a K-Mart directly across from the Broadway Market.  A charter school is said to be lined up to occupy the building. Dagher is also said to be purchasing a building in the 600 block of Broadway.

This is exciting news and hopefully will lead to two big properties in the Broadway-Fillmore Business District being back into use. I do like that Dr. Dagher is meeting with community stakeholders and is seeking their input.

Here is an old slideshow BFA created for the building, click here to view—>

 

 


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