Wood and Brooks: A New Era for Tonawanda
Deal News | Jun 24, 2025 | New York Ventures Inc
New York Ventures Inc. has unveiled a breakthrough development in Erie County, championed by Governor Hochul. The newly-opened $23 million Wood and Brooks Lofts comprises 55 apartments and a unique co-working space specifically designed for construction professionals. This innovative project revamps a historic piano key factory in Tonawanda into mixed-income housing, offering both market-rate and affordable living options. It sets a benchmark for future developments by combining residential and professional facilities, boosting community development and addressing the dual needs of living and working spaces.
Sectors
- Real Estate
- Construction
Geography
- Erie County, New York – The apartment building and co-working space are located in Erie County, highlighting the geographic relevance.
- Tonawanda, New York – The specific city where the historic piano key factory is located and where the development took place.
Industry
- Real Estate – The development of a new apartment building falls under the real estate industry as it involves residential property development.
- Construction – The creation of a co-working space tailored specifically to construction professionals directly relates to the construction industry.
Financials
- $23 million – The total investment cost for the development project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| New York Ventures Inc. | PE Firm | Company | A private equity firm involved in financing the development project. |
| Governor Kathy Hochul | Government | People | Governor of New York who announced the opening of the new development. |
| Wood and Brooks Lofts | Target Company | Company | The name of the apartment building and co-working space development. |