Developer Douglas Jemal’s company has agreed to buy the former home of The Buffalo News from Lee Enterprises.
The planned deal for The News’ property at Scott and Washington streets consists of an office building, an adjacent production building and a parking lot across Scott Street. The property is under contact, with a proposed closing date of July 1.
If completed, the purchase would enhance Douglas Development’s downtown real estate holdings near Canalside.
The developer already owns the former HSBC Atrium building – which is located between The News’ parking lot and KeyBank Center – and Seneca One tower just up Washington Street.
Lee declined to disclose the sale price for The News’ property until the deal is completed. Jemal did not return a message to comment on Tuesday.
Uniland Development Co. is backing out of its deal to acquire The Buffalo News’ office building at the corner of Washington and Scott streets.
Uniland Development in September 2022 announced a deal to acquire The News’ five-story, 160,000-square-foot office building from The News’ Iowa-based parent.
But Uniland backed out of that deal, for a reported $9.05 million, in February 2023. At the time, The News was still producing the print version of the newspaper on site, so the…
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