Developing for the Future
McGuire Development was approached by King Center Charter School (KCCS) when the school was trying to determine the best course of action for its future. The school was housed within facilities that lacked many necessary amenities such as a proper gymnasium and auditorium where the entire school could gather at one time. A proposal from the landlord to expand the current facility at a cost of $7,000,000 was being considered, as was moving to a new site that better suited the needs of Western New York’s longest-running charter school.
The McGuire Development team was retained to assist in the evaluation of both options. It was ultimately determined that the school and its students would be best served in a different facility that could accommodate the specific needs of an educational institution. After conducting an extensive site search throughout the East Side of Buffalo, the former Public School 71 in the Schiller Park neighborhood was selected. McGuire Development facilitated the purchase and navigated the municipal approvals process for the building from the City of Buffalo for KCCS. As a result, KCCS went from paying several hundreds of thousands of dollars per year in rent and operating expenses in a building that was not conducive to education to owning a 70,000 sq. ft. traditional school building for less than one year’s rental expense.
After the purchase was complete, McGuire Development immediately facilitated the construction services needed to prepare the building for incoming students for the 2014-2015 school year. McGuire Development is also providing owner representation services for KCCS’ long term renovation needs in the new facility.
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