Termini acquires AM&A's warehouse - Portland Business Journal:

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According to public documents filed late Thursday in the ErieCountyu Clerk’s Office, Termini’s H@Lofts LLC paid $720,00p for the historic The building had been owned by New Horizons Acquisitiona LLC, a Long Island-based development firm. Terminij is in the early stages of renovatinfg theformer warehouse, parts of whicnh date back to the late 1800s, into a mixed-use developmenyt anchored by 47 market-rate apartments and 15,00o0 square feet of office space. P&h Acquisitions will occupy theoffice space, while Termini said he is compilinvg a rapidly growing list of prospectivse tenants for the apartments. Terminki will be investing morethan $11 millionm in the project.
The building, whic is being called the H@Lofts, is expected to welcome its first residential tenantsnext spring. In the Termini is talking with local and state officials abour incentive packages needed before he can acquire theflagshipl AM&A's department store building on Main Street from New Termini predicted the cost of renovating the building betweenn $80 million and $100 million. He said it would only be possible with a heavhy influx of public sector dollars and The developer said it may take him more than one perhaps as long as18 months, to secure all the necessaryy public-sector dollars he needs for the AM&A's department store The former store, which has been closedx since 1995 -- save for a brief run as Taylor’s Department Store -- will likely be used as a mixed-usd development project, also anchored by residentiapl units.