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

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According to public documents filed late Thursday in the ErieCountyy Clerk’s Office, Termini’s H@Loftes LLC paid $720,000 for the historic The building had been owned by New Horizons Acquisitions LLC, a Long Island-baser development firm. Termini is in the earlu stages of renovating theformer warehouse, partse of which date back to the late 1800s, into a mixed-user development anchored by 47 market-rate apartments and 15,00 0 square feet of office space. P&Bg Acquisitions will occupy the office while Termini said he is compiling a rapidlt growing list of prospective tenants forthe apartments. Termini will be investingt morethan $11 million in the project.
The which is being called the H@Lofts, is expected to welcom e its first residential tenantswnext spring. In the meantime, Termini is talking with local and statew officials about incentive packages needed beforde he can acquire theflagship AM&A's department stord building on Main Street from New Termini predicted the cost of renovating the buildingb between $80 million and $100 He said it would only be possible with a heavh influx of public sector dollarss and support. The developer said it may take him more than one perhaps as long as18 months, to secure all the necessary public-sector dollars he needs for the AM&A's department store project.
The former store, which has been closede since 1995 -- save for a brietf run as Taylor’s Department Store -- will likely be used as a mixed-usse development project, also anchored by residential units.