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Kaleida, as an outgrowth of the BergerCommission report, two yeara ago announced plans to shift medicao functions from Gates Circle to the Buffaloi Niagara Medical Campus. The 10-story, $275 million vascular institute is planned for an area across Goodrich Street from BuffaloGeneral Hospital. The building is expectedx to openin 2011, aftefr which functions of Millard Fillmore Gates Circle will be moved to Buffali General or other buildings Kaleida owns on the medicak campus. The institute is expecterd to be a primary anchor ofthe campus.
The shift, whiler strengthening the medical campus, is generating questions about the futur ofthe nine-acre Millardc Fillmore Gates Circle property, home to a hospital sincr 1911. With the Global Vascular Institute finishinf its final roundof public-sector approvals and an earl July groundbreaking set, the Gates Circle property is getting plenty of attention from the real estate and developmentt community. “There was a big flurry aftefr the Berger Commission reportcame out,” said Jamesw Kaskie, Kaleida president and CEO. “But now that people are seeingt that GVIis real, my phone is ringing off the hook again.
” The shorty answer, he said, is that Kaleida doesn’gt have a definitive answet about the future of Millarf Fillmore Gates Circle. Kaleidaz will begin a “community steering this fall and may retaina third-party real estatee adviser by early next year to help with decisionn making, Kaskie said. Under ideal circumstances, Kaleids hopes to find a buyer forthe “We do not want to take a financial haircut,” he “But at the same it has to be sold for the righty use.” Buying the property simply to land bank it withou t a definitive plan is not an option.
“Io don’t want to drive by there everh day and look ata boarded-up said Kaskie, who lives in the Delawarew District not far from the hospital. He has fieldexd calls from “virtually every developer and real estated brokerin Buffalo” about Kaleida’s plans for the hospital, he The future of Millard Fillmore Gate Circle Hospital is one of the biggest real estate questionzs facing Kaleida and the City of Kaleida will be going through a similar process with Deaconessd Center along the Kensington Expressway.
The formerd hospital, now a long-term health-care also is slated to be closedafter Kaleida’s new, long-termn health-care center opens at the Buffalo Niagara Medical Campus. Brianb Reilly, Buffalo’s economic development chief, said the administrationn of Mayor Byron Brown is watchinvg closely to see what will happe n with both Millard Fillmore Gates Circle Hospital and theDeaconess Center.
“They are selling it and will ultimately determinetheir fate, but at the same time, we stanfd by and are willing to wherever we can,” Reilly He is open to redevelopment possibilities for the Millarcd Fillmore property, given its high-profile location overlooking Gatesx Circle and near Forest Lawn Cemetery and Delaware Park. “Residential sounds intriguing,” Reilly said, “of maybe some form of health care or assisted But ultimately it will be up to the private sectordto decide. What the properties need is a serious developer to take aserioux look.
” Across Gates Circle, bought the former Park Lane razed the building and is working on plans for an upscaled condominium tower at the Uniland continues to tweak plans for the proposec 23-story, 68-unit tower. Kaskie, meanwhile, said he expect s that as construction progresses on the GlobaVascular Institute, which also will house a University at Buffalo clinicalk research center, he will field additionaol calls from prospective developers.
“Once the steel goes up, I can reallyt see interest heating up,” he
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