In what shouldn’t come as much of a surprise, Douglas Jemal submitted the high bid for the Walter J. Mahoney State Office Building located at 65 Court Street next to his Statler building. He beat out eight bidders at this morning’s auction with a $4.1 million bid. The NYS Office of General Services worked with CBRE Buffalo on the sale that had a minimum bid amount set at $750,000.
According to The Buffalo News, Jemal plans to spend $20 million to turn the building into a 60-room boutique hotel. The five floor, Green & Wicks designed building opened in 1931 and contains approximately 69,000 sq.ft. of space.