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Buffalo Business News



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Buffalo Business Report - Friday, May 22nd 2015


The Census Bureau's latest numbers for population place the city of Buffalo in 76th place in the country.  The 2014 population estimate is 258,703 residents - down from 259,560 in 2013.

According to the state Labor Department, Buffalo’s private-sector job count grew by 8,100 in the past year - or 1.8%.  The overall job market for the Buffalo Niagara metropolitan area was up

Buffalo Business Report - Thursday, May 21st 2015


Developer Sam Savarino's 500 Seneca project will add 110 apartments due to increased demand.  Business First notes that has increased  he project cost by about 12% to $35.67 million.  Helping defray the added expense, the ECIDA approved an adjusted incentive package.  Incentives include $1.4 million in sales tax breaks and $150,000 in mortgage recording tax

Buffalo Business Report - Wednesday, May 20th 2015


Officials from TM Montante Development have confirmed that the development cost for transforming the former Millard Fillmore Gates Circle Hospital into an urban-friendly mixed-use complex has ballooned by more than 130 percent.  Business First reports that cost has ballooned from $63 million to “north of $150 million.”  The Buffalo Planning Board will hold a June

Buffalo Business Report - Tuesday, May 19th 2015


The U.S. Postal Service has released information on the number of dog attacks on mail carriers in 2014.  Buffalo mail carriers were attacked 14 times last year, ranking 26th on a national list.  There were 6 attacks in Niagara Falls and 3 in North Tonawanda.  All were among 79 total attacks by dogs on letter carriers in Western New York.  Nationwide, 5,767 postal employees

Buffalo Business Report - Monday, May 18th, 2015


The AAA reports the current cost for a gallon of unleaded gas in the region is $2.76.  That reflects a rise of nineteen cents in the past month.

WS Development of Chestnut Hill, Massachusetts has acquired the 375,000 square foot Northtown Plaza in Amherst.  WS Development confirmed it will bring the first Whole Foods Market to Western New York.  Demolition of the former

Buffalo Business Report - Friday, May 15th 2015


The Cleveland BioLabs headquarters at 73 High Street is getting some new neighbors.  Three medical-related start-up companies have signed new leases in the building.  According to Business First, those three are Roswell Park Cancer Institute
spin-off Photolitec LLC, Healthcare Hub, a wholesale distributor of medical supplies, equipment and pharmaceuticals and medical device company

Buffalo Business Report - Thursday, May 14th 2015


A harsh winter and an undercurrent of dissension are delaying work on Delaware North's move to its new, downtown Buffalo corporate headquarters.  Business First reports construction delays will push back a planned August move to at least October.  The Niagara Falls Reporter notes developer Uniland and Delaware North have been squabbling over construction issues, including change

Buffalo Business Report - Wednesday, May 13th 2015


It's close credits and fade to black for the Movieland 8 Theatres in Cheektowaga.  
The theaters had an 11 year run at the old Thruway mall site.  Recent efforts to upgrade its projectors were not successful.

Aldi's will hold an event on May 29th to hire 25 employees for its Buffalo-area stores.
Those interested in applying should visit the North Tonawanda Aldi, at 1365

Buffalo Business Report - Tuesday, May 12th 2015


Work has begun on more student housing near UB's Amherst campus.  Business First reports the $30 million project is a joint venture between Harrison Street Real Estate and the Michaels Organization’s University Student Living.  A 28-acre site along Sweet Home Road was bought for a reported $5,675,000.  The project is on target to be open before the start of

Buffalo Business Report - Monday, May 11th, 2015


The AAA pegs the current cost of a gallon of unleaded gas in the region at $2.75.  That price a year ago was $3.85 per gallon.  The national average is currently $2.66 for a gallon of unleaded.

The Buffalo Bills have announced the variable ticket pricing for their home games during the upcoming season.  The team's regular season Bronze, Silver and Gold ticket

Buffalo Business Report - Friday, May 8th 2015


Total wagering at WROTB on last Saturday’s Kentucky Derby topped out at $1.93 million, with payouts of just over $2 million.  Wagering handle was the 2nd highest in WROTB’s history.

Rust Espresso Bar has leased a curved-shaped building at the corner of Genesee and Oak Streets, just across from the Catholic Health headquarters and training center.  Business First

Buffalo Business Report - Thursday, May 7th 2015


Birdair Inc. has been retained to design and fabricate a membrane-style roof above the Khalifa International Stadium, one of the 2022 FIFA World Cup venues in Qatar.  No financial terms were made public.  Business First reports Birdair also supplied and installed the original roof above that stadium.

Economic development industry trade magazine Site Selection has put together a Top

Buffalo Business Report - Wednesday, May 6th 2015


The Buffalo Planning Board has unanimously approved a project to renovate the former AM&A's store downtown.  The privately-funded project is estimated to cost
$70 million.  Upon completion, the site will have an upscale independently-branded 300-room hotel, six apartments and a pair of restaurants, some medical office space, a spa and salon.

Also approved by the Buffalo

Buffalo Business Report - Tuesday, May 5th 2015


Praxair has completed the purchase of a 10-acre site in the Lockport Industrial Park.  The Niagara Gazette reports the purchase price was $200,000 for the site across from Yahoo's data center.  The sale was originally authorized in October 2014, although the name of the buyer was not disclosed due to ongoing negotiations.

The MASH Care Network is looking to add a Niagara
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