Located in Buffalo’s Larkin District, AP Lofts at Larkinville is a mixed-use, mixed-income community involving the historic adaptive reuse of a former Atlantic & Pacific Tea Company warehouse. Offering 147 loft-style apartment homes, two stories of interior mezzanine ing, and a 4,000 square foot ground floor commercial space, the transformation of the century-old structure is a critical component of the Larkin District’s ongoing renaissance. The development features one- and two-bedroom units, with 118 of the units targeting households earning 60% of the area median income (AMI) and the remainder for households at or below 130% of the AMI. Presently, the residential units are 100% occupied with a growing waitlist, and the commercial space is fully leased by Belt Line Brewery, a local farm-to-table restaurant and brew pub.
The redevelopment of AP Lofts was primarily financed with 4% low-income housing tax credits, state & federal historic tax credits. Additional financing included approximately $8 million in soft loans from the State of New York (New Construction Program and Middle-Income Housing Program) and a $975,000 HOME loan from the City of Buffalo Urban Renewal Agency.
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