Ellicott Development Co.

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Ellicott Development Company
Founded1973  OOjs UI icon edit-ltr-progressive.svg
Founder Carl Paladino
Headquarters,
Area served
Western New York, Central New York and Pennsylvania
Key people
Carl Paladino, Chairman
William Paladino, CEO
Joseph Hannon, President
ServicesReal Estate Development
Website www.ellicottdevelopment.com

Ellicott Development Co. is an American property management, leasing and development real estate firm based in Buffalo, New York and led by CEO William Paladino. The company's asset base includes residential, commercial, hotels, parking garages, and convenience stores. Ellicott Development Co.’s services include legal, administrative, financial, management, accounting, development, site selection, site assemblage, architectural design and drafting services, construction, leasing, maintenance, janitorial and security services.

Contents

History

Ellicott Square Building in Buffalo, New York 20080228 Ellicott Square Building (2).JPG
Ellicott Square Building in Buffalo, New York

Ellicott Development Co. was founded by lawyer and real estate developer Carl Paladino in 1973. [1] The company is named after the Ellicott Square Building, Paladino's first and largest real estate acquisition to date. The Ellicott Square Building was named after Joseph Ellicott, the planner and surveyor who laid out the then-village of Buffalo.

The company buys properties, builds stores, and leases them to national retail outlets and government agencies. [2] The company has operations in Western New York, Central New York and portions of Pennsylvania. Ellicott Development Co. describes itself as "a multi-faceted, fully integrated Property Management, Leasing and Development Firm with the "In-House" capacity to provide legal, administrative, financial, management, accounting, development, site selection, site assemblage, architectural design and drafting services, construction, leasing, maintenance, janitorial and security services." [1] [3]

Ellicott Development Co. has properties throughout the Buffalo/Niagara region, Upstate New York and into Western Pennsylvania. [1] In 2010, the company managed more than 5,000,000 square feet (460,000 m2) of office, retail, hotel and residential space. In downtown Buffalo, the company manages over 1,500,000 square feet (140,000 m2) of office space (making Ellicott the largest private landlord in downtown Buffalo [4] [5] ), over 1,000,000 square feet (93,000 m2) of retail space throughout New York and Western Pennsylvania, eight major hotels in the Western New York, as well as more than 550,000 square feet (51,000 m2) of residential apartments, condominiums and townhomes in the Buffalo/Niagara region. [3]

As of 2010, the Company had built 160 drugstores for Rite Aid, eventually becoming the Rite Aid's preferred developer across Upstate New York and western Pennsylvania, 80 of which Ellicott still owned. [4]

Properties

United Office Building in Niagara Falls, New York United Office Building Jun 09.JPG
United Office Building in Niagara Falls, New York

Ellicott Development Co. has owned and/or developed many historically significant properties. Examples include:

Swan Tower in Buffalo, New York Swan tower.JPG
Swan Tower in Buffalo, New York

Projects in development

See also

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References

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