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

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According to public documents filed late Thursdag in the ErieCounty Clerk’s Office, Termini’ s H@Lofts LLC paid $720,000 for the historifc building. The building had been owned by New HorizonwsAcquisitions LLC, a Long Island-based development Termini is in the early stagesd of renovating the former parts of which date back to the late 1800s, into a mixed-usse development anchored by 47 market-ratr apartments and 15,000 square feet of office space. P&B Acquisitionsa will occupy theoffice space, whilse Termini said he is compiling a rapidlhy growing list of prospective tenants for the apartments. Termini will be investing morethan $11 milliom in the project.
The building, which is being called the is expected to welcome its firsg residential tenantsnext spring. In the meantime, Termini is talkinvg with local and state officials abouyt incentive packages needed before he can acquire theflagship AM&A'sa department store building on Main Street from New Termini predicted the cost of renovatingh the building between $80 million and $100 He said it would only be possible with a heavy influx of public sector dollarsd and support. The developer said it may take him more than one perhaps as long as18 months, to secured all the necessary public-sector dollarsx he needs for the AM&A's department storre project.
The former store, which has been closed since 1995 -- save for a briet run as Taylor’s Department Stor e -- will likely be used as a mixed-use development also anchored byresidential units.