Carl and William Paladino’s Ellicott Development Co. is getting renewed interest from other schools in using the Holy Angels Academy property that it won at auction last month.
The Buffalo-based developer will pay $2.9 million to buy the 5.37-acre campus, after winning the bidding for the property following the school’s abrupt closure at the end of the last academic year in June. The 152-year-old former Catholic girls school had suffered from deteriorating finances as enrollment dropped.
Ellicott expects to close on the purchase on Sept. 24, but the Paladinos haven’t decided what to do with the North Buffalo property yet, CEO William Paladino said Friday. At the time of the auction, Carl Paladino said only that he had a tenant in mind “for the entire facility.”
“A lot of schools are talking to us; we’re keeping all our opportunities open,” William Paladino said.
Carl Paladino, Ellicott’s founder and chairman, a member of the Buffalo School Board and a big supporter of charter schools, also bought the major gym equipment during the auction but did not purchase desks, chairs, library furniture or other school equipment. William, his son, said the building’s gymnasium will “most likely remain a gym in the future,” and could be used by other schools that need gym space.
However, William Paladino also said that the purchase doesn’t necessarily mean they’re limited to re-using the entire building for another school. “We’re keeping all our opportunities open as regards the main complex,” he said.
Other observers have said the building, located on Hertel Avenue near Shoshone Park, could be converted to office space or apartments, citing its relative proximity to Main Street and the Metro Rail line. Paladino’s only competitor in the bidding, David Pawlik of Creative Structure Services, had planned to convert the building into 45 apartments.