Termini acquires AM&A's warehouse - Minneapolis / St. Paul Business Journal:

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According to public documents filed late Thursday in the ErieCounty Clerk’z Office, Termini’s H@Lofts LLC paid $720,000 for the historiv building. The building had been owned by New HorizonwAcquisitions LLC, a Long Island-based development Termini is in the early stageas of renovating the forme warehouse, parts of which date back to the late into a mixed-use development anchored by 47 market-ratr apartments and 15,000 square feet of office space. P&Bg Acquisitions will occupy the office while Termini said he is compilinb a rapidly growing list of prospective tenants forthe apartments. Termin will be investing more than $11 millionm in the project.
The building, whic h is being called the is expected to welcome its firstr residential tenantsnext spring. In the meantime, Terminoi is talking with local and state officials about incentivd packages needed before he can acquire theflagshipl AM&A's department store buildinhg on Main Street from New Termini predicted the cost of renovatinvg the building between $80 million and $100 He said it would only be possiblew with a heavy influx of public sector dollars and The developer said it may take him more than one perhaps as long as 18 to secure all the necessary public-secto r dollars he needs for the AM&A'x department store project.
The former store, which has been closed since 1995 -- save for a brief run as Taylor’ Department Store -- will likely be used as a mixed-usre development project, also anchored by residential