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Buffalo Business News

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Reversing Course

Buffalo Business Report - Friday, October 23rd 2015

After failing to gain approval for tax breaks last month, the ECIDA has okayed a
proposed residential-based conversion of Buffalo Public School #56.  Business First notes the $5.7 million project is a combined effort between Ellicott Development Co. and Sinatra & Co.  This time, enough board members were on hand to approve the project.

Artpark attendance this year was nearly

Buffalo Busines Report - Friday, February 5th 2016

The U.S. Bureau of Labor Statistics reports Buffalo ended 2015 as the third-hottest construction market in the Northeastern United States.   Only Boston and New York City had a sharper rise in construction employment between December 2010 and December 2015.  For Buffalo, construction jobs increased by 22.7%.

Vacation Express has added non-stop service to Cancun at Buffalo

Buffalo Busines Report - Thursday, February 4th 2016

Main St. Louis L.P. is working with Buffalo officials on the mixed-use development planned for 810 Main St.  Business First notes the property sits near the historic St. Louis R.C. Church and the Diocese of Buffalo headquarters.  Construction on the $3.5 million project could begin this year.  Plans are to build a four-story building that will include first floor indoor parking

Buffalo Busines Report - Wednesday, February 3rd 2016

Moog Inc. will build a new manufacturing and test facility for its space propulsion products division in Elma.  Business First reports the $12 million project could see the company add 100 new jobs at the facility.  It replaces the current site in Wheatfield.

Speaking of Wheatfield, the owners of the former Summit Park Mall are proposing to build a 138,600-square-foot covered

Buffalo Busines Report - Tuesday, February 2nd 2016

Mensch Capital Partners, LLC, who have proposed the $238 million dollar, multi-use redevelopment of the former Westwood Country Club in Amherst, has submitted a report to the New York State Department of Environmental Conservation.  The report was requested in 2014 - and finds that not only are there high levels of arsenic - but high levels of other metals like cadmium, chromium, copper,

Buffalo Busines Report - Monday, February 1st 2016

The local cost for a gallon of gas continues to fall.  The AAA reports the average for unleaded in WNY is down to $2.04 - a fifteen cent drop in the past month.  The national average is $1.80.  That cost has fallen twenty cents in the past month.

A classic, restored diner is coming to Larkinville.  The Swan Street Diner will be open for breakfast and lunch seven

Buffalo Business Report - Friday, January 29th 2016

Four of the five proposals for re-development of the soon to be former Children's Hospital site on Bryant Street were unveiled publicly last night.  Business First notes each of the proposals has a significant residential, hospitality, educational and green or public space component.  For more on each proposal, you can follow this link.

The Derby plant of New Era will be the main

Buffalo Busines Report - Thursday, January 28th 2016

Another Starbucks location is coming to downtown Buffalo.  The newest entry is part of a multi-phased renovation of the Hyatt Regency Buffalo’s atrium area.  Business First reports the coffee outlet should be open this spring.  There are already Starbucks sites at Delaware and Chippewa and at the Courtyard by Marriott in the One Canalside Building.

Tops Friendly Markets

Buffalo Busines Report - Wednesday, January 27th 2016

It appears there will finally be some movement on the long-delayed re-development plan for the former AM&A's building downtown.  Business First reports developers expect to hire an asbestos removal team within the next 30 days.  That work could begin this spring, as the plan to renovate the site into a hotel-anchored project comes to fruition.  The revised development schedule

Buffalo Busines Report - Tuesday, January 26th 2016

Amherst retailer Newtrend Furniture is closing this spring.  The business has anchored a plaza at the corner of Sheridan Drive and Millersport Highway since 1951.  Business First reports Newtrend’s store closing sale will continue through March at least.  The company plans on fulfilling all orders and customer needs until then.

System Technologies Group, a point-of-sale

Buffalo Busines Report - Monday, January 25th 2016

The AAA reports there was a five cent drop in pump prices for the Buffalo-Niagara Falls area.  This week starts with an average cost of $2.08 for a gallon of unleaded.

Buffalo real estate investor and developer Nick Sinatra has acquired the property at 625 Main Street for a reported $600,000.  That property is next to the former Market Arcade property also owned by

Buffalo Busines Report - Friday, January 22nd 2016

With the mall concept losing traction across the country, Eastern Hills Mall may be moving toward a lifestyle center concept.  WGRZ-TV reports General Manager Russell Fulton has consulted with Nathan Mroz - owner of the BFLO Gallery and Gift Shop. Early renderings would include a water park, along with condominium space, hotel space, new restaurants, offices, fitness centers or sports

Buffalo Busines Report - Thursday, January 21st 2016

A fifth extension has been granted to Krog Corp. in its proposed $54 million makeover of a former Trico plant in downtown Buffalo.  The Buffalo Brownfield Restoration Corp. has extended Krog’s designated developer status for the site.  

Sovran Self Storage Inc. has established a foothold in the LA market by purchasing eight stores in the region.  Those acquisitions

Buffalo Busines Report - Wednesday, January 20th 2016

An auction date has been set for the four-story, 814-space parking garage connected to One Seneca Tower.  The foreclosure auction will be held at 2pm on Thursday, March 3rd in the Erie County Hall foreclosure alcove.  Last October, One Seneca Tower’s lienholder “re-acquired” the building at a separate foreclosure auction for $28 million.  Business First

Buffalo Busines Report - Tuesday, January 19th 2016

In the year just past, 1,614 bank branches closed across the U.S.  A report by SNL Financial notes JPMorgan Chase & Co. closed 195 offices - the most of any financial concern.  PNC Financial Services Group Inc.closed 94 branches, Bank of America closed 88.  Those numbers will be much different on the local scene this year, once KeyCorp is allowed to purchase First Niagara Financial
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