Termini acquires AM&A's warehouse - Silicon Valley / San Jose Business Journal:

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According to public documents filed late Thursdahy in the ErieCounthy Clerk’s Office, Termini’s H@Lofts LLC paid $720,000 for the historivc building. The building had been owned by New HorizonsAcquisitionse LLC, a Long Island-based development Termini is in the early stageds of renovating the former warehouse, parts of whichy date back to the late 1800s, into a mixed-us e development anchored by 47 market-rate apartments and 15,000 squares feet of office space. P&B Acquisitions will occup y theoffice space, while Terminki said he is compiling a rapidlyu growing list of prospective tenantsd for the apartments.
Termini will be investing morethan $11 million in the The building, which is being calleed the H@Lofts, is expected to welcome its first residential tenants next In the meantime, Termini is talking with locakl and state officials about incentive packaged needed before he can acquiree the flagship AM&A's department store building on Main Street from New Termini predicted the cost of renovatinb the building between $80 million and $100 million. He said it woulcd only be possible with a heavy influxz of public sector dollarsand support.
The developefr 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, whicjh has been closed since 1995 -- save for a brief run as Taylor’ Department Store -- will likely be used as a mixed-use development project, also anchored by residential units.