Cephas Buffalo, Inc. purchased the former St. Peter & Paul School from the Diocese of Buffalo in 2010. The former Catholic elementary school, located at 807 Clinton Street (google map), sold for $100,000.
According to this Buffalo News story, demolition of the school building is expected to be completed by next week.
The City's Preservation Board approved the demolition of St. Peter & Paul's school in December 2011. Ten days ago the City issued the demolition permit. Records indicate that Cephas is paying $119,000 for the demolition.
A number of observers have told me that valuable materials including slate chalk boards, priceless woodwork and desks were destroyed and trucked to the landfill. The cross that once adorned the school's entrance was found crushed yesterday (image below).
Cephas Buffalo is expanding its post prison ministry and plans to renovate the former parish rectory next door to the former school. If you're not familiar with their mission this short video provides a good introduction to Cephas and the work of Franciscan Brother Michael Oberst.
Additional St. Peter & Paul School images are available in this flickr archive.