Hertel Park Senior Residences are located along a major neighborhood roadway within the City of Buffalo, NY. Originally completed by SAA|EVI in 1996, Hertel Park was constructed using steel and concrete block and was also one of the first HUD Mortgage Guarantee Bond issuances in New York State. The project is comprised of 136 units divided between 118 one bedroom and 18 two bedroom units and has 22,000 square feet of market rate ground floor retail space. Hertel Park serves as one of the first major urban infill developments, which sought out market rate retail space with affordable housing above.
In 2013 SAA|EVI repurchased, created a complex condo asset allocation model and subsequently refinanced Hertel Park. The renovations occurred with tenants in place and with a central focus on utilizing green building standards and technologies, redevelopment included significant energy improvements to all components of the building and units. The Hertel Park Apartments renovation project was completed in November of 2014 and is now being managed by Community Reality Management (CRM).