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KCG News

KCG Development in the Press

Sept 7, 2017

A “golden brick” ceremony was held Wednesday afternoon at the site of the former Great Atlantic and Pacific Tea Company warehouse in Buffalo’s Larkinville neighborhood. The building, built in 1910, is being converted into a mixed-income apartment complex.

What is being named the AP Lofts at Larkinville will feature 147 mixed-use units. The building will also include a professionally-managed leasing office, community room, business center, fitness center, outdoor patios, green spaces and climate-controlled indoor parking.

Sept 6, 2017

BUFFALO, NY — Buffalo’s Community Transformation Continues With The Development Of The AP Lofts At Larkinville.

Residents living near Swan Street, Jefferson Avenue and in the Larkinville District joined New York State Homes and Community Renewal, State and City of Buffalo leaders, including Mayor Byron W. Brown, KCG Development, and project partners to celebrate the construction of the AP Lofts. The 147-unit mixed use development is the adaptive re-use of the historic former Great Atlantic & Pacific Tea Company warehouse at 545 Swan Street that was built in 1910.

June 20, 2017

INDIANAPOLIS, IN — KCG Development, LLC recently created sister-company KCG Construction, LLC to provide general contracting services on its multifamily portfolio and has hired Russell Maynard to serve as President. In his role, Russell will be responsible for managing, overseeing, and directing all of the construction activities for KCG Construction.

June 5, 2017

WINDER, GA — KCG Development in partnership with Gardner Capital closed on the financing for The Exchange, a 130 unit mixed-income apartment community located at 839 Exchange Circle in Winder, Georgia. The Exchange will be The City of Winder’s newest apartment community and will consist of five three-story garden style buildings and two two-story townhomes of one, two and three-bedroom apartment homes.

May 24, 2017

BUFFALO, NY – On May 24th, KCG Development closed on the financing for the development of AP Lofts Apartments, a 147-unit mixed-use redevelopment of the former Atlantic and Pacific Tea Company warehouse located at 545 Swan Street, Buffalo, New York.

May 18, 2017

SARATOGA SPRINGS — The former Saratoga Diner on South Broadway could be demolished to make way for 110 units of workforce housing. “It’s prominent, and it will be a transformative catalyst,” said Bill Teator, a local project partner for KCG Development LLC, of Indianapolis.

May 8, 2017

FOND DU LAC, WI – On May 8th, KCG Development closed on the financing for Exchange @ 104, a 48-unit historic adaptive re-use project located at 104 S. Main Street, Fond du Lac, Wisconsin. Originally constructed in 1923 by Commercial National Bank, the eight-story office building will be converted into apartment units for families and bring much needed housing options to downtown Fond du Lac.

April 4, 2017

The Amsterdam Common Council unanimously approved a resolution Tuesday authorizing the mayor to sign a Letter of Intent with KCG Development for a mixed-use project on a 3.31-acre property encompassing the former Chalmers site. The agreement generally commits the city to deal exclusively with KCG Development for the purchase and sale of the property for an initial 18-month period with an option to renew the agreement in 12-month increments.

March 14, 2017

A collection of warehouses encompassing an entire city block near downtown Sheboygan are slated for redevelopment by KGC Development that could include housing, a marketplace and a brewery.

March 11, 2017

Old Textile Mill in Utica’s Brewry District to be Transformed Into Loft Apartments. KCG Development is currently in the process of purchasing the old mill, and expect to close on the sale by mid-April.

June 9, 2016

Indianapolis-based KCG Development is looking to transform the three-building complex at 811-827 Court St. into about 131 apartments. The company has the property under contract and hopes to close on a deal this fall, said Anthony Ceroy, vice president of development with the firm.

May 3, 2016

The 28 developments receiving LIHTC reservations include:

  • Exchange @ 104 in Fond du Lac: KCG Development’s adaptive-reuse project will include 48 units for families

April 5, 2016

The Indianapolis-based development group that is planning a $39 million transformation of the century-old A&P Warehouse into the AP Lofts at Larkinville hope to begin work on the Buffalo project by mid-summer.

KCG Development LLC has all but cleared its final hurdle, having received a warm reception from the Buffalo Planning Board.

April 5, 2016

KCG Development of Indianapolis wants to redevelop the former A&P Warehouse at 545 Swan St. into the AP Lofts at Larkinville, with 146 one- and two-bedroom apartments with rents geared to both lower-income “workforce housing” and market-rate tenants.