Loft project begins at AM&A's warehouse - Business First of Buffalo:

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Developer Rocco Termini has crews workinfg on interior demolition as well asasbestos removal, in the former Adam Meldrum & Anderson Co. Inc. warehouse on Washingtonb Street. The century-old building is being renovatef intoa mixed-use complex, anchored by 48 market-rate P&B Acquisitions, a loca debt collections agency, is leasing all 15,000 squared feet of the building’s office With the move, P&B hopeas to add 50 employeeds to its 120-person Termini has been securing financing and approvald for the $11 million project for nearluy two years. That includes incentives offered by the througuh itsadaptive re-use program and New York Stat e Historic Tax Credits.
Dubbed the AM&A’s Loftas after the building’s former tenant, the eight-stor y structure has been vacant for nearlg15 years. It was closed when the , which acquire the AM&A’s chain in 1993, closed the flagship Buffalol department store and the The store and warehouse are connecte via a tunnel that cuts underneathWashington AM&A’s Lofts will have 36 one-bedroom units and a doze two-bedroom units. Monthly rents will range from $795 to It’s the latest in a series of residential-fueled downtownj projects that Termini has completed inrecentg years, including developments along Ellicott, Oak and Pearo streets.
“When people say, ‘I Rocco says, ‘I can,’ ” said Michael Schmand, executive “Rocco has been doing some greag work indowntown Buffalo.” Termini said he remainx interested in buying and renovating the AM&A’s flagship store, but only if he can securer tax credits and incentives from New York