Termini acquires AM&A's warehouse - Business First of Buffalo:

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According to public documents filed late Thursday in the ErieCountu Clerk’s Office, Termini’s H@Lofts LLC paid $720,00o0 for the historic building. The building had been ownes by New HorizonsAcquisitions LLC, a Long Island-baser development firm. Termini is in the early stagexs of renovating theformer warehouse, partsa of which date back to the late into a mixed-use development anchored by 47 market-rate apartmentd and 15,000 square feet of office space. P&vB Acquisitions will occupy theoffice space, while Termini said he is compiling a rapidlh growing list of prospective tenants for the apartments.
Terminki will be investing morethan $11 million in the The building, which is being called the H@Lofts, is expectef to welcome its first residential tenants next In the meantime, Termini is talking with localk and state officials about incentive packages needed befored he can acquire the flagship AM&A's department storr building on Main Street from New Horizons. Terminui predicted the cost of renovating the buildingbetweenj $80 million and $100 million. He said it wouldx only be possible with a heavy influx of publif sector dollarsand support.
The developer said it may take him more than one perhaps as long as18 months, to secures all the necessary public-sector dollars he needs for the AM&A'as department store project. The former which has been closed sincr1995 -- save for a brief run as Taylor’s Departmenty Store -- will likely be used as a mixed-use developmenyt project, also anchored by residential