AM&A’s is saved(?)

I returned to Buffalo this week to hear that it looks like we’re finally going to get the downtown AM&A’s saved. These two downstate guys (Libby and Farkiris) have a pretty serious portfolio of developing apartments…even using other abandoned builidings in terrible shape! The deal is supposed to close on August 15th and we’ll see the conversion completed in 08 or 09 which in Buffalo means 2010 maybe 2011. The top eight stories will be apartments. The 2nd story will be office space and the bottom will be a restaurant and retail space for the estimated cost of $50 million.
So now the big Main St. eyesore will be taken care of. Time to take care of the dozen smaller ones.

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