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Buffalo Business News



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Gates Circle Redevelopment

Buffalo Business Report - Thursday, January 19th 2017


TM Montante Development has unveiled two new luxury apartments that are ready for immediate occupancy as part of their overall Gates Circle Redevelopment Project in Buffalo.  There will be an open house to showcase the new units on Tuesday, January 24th from 11:30am to 1:30pm.

Evans Bancorp Inc. has begun a stock sale in an attempt to generate nearly $13 million in support of the

Buffalo Business Report - Wednesday, January 18th 2016


Tops Markets LLC has zeroed in on a soon-to-be vacated Amherst office building as the site for its new corporate headquarters.  Business First reports Tops is in negotiations with Zaepfel Development Co. to lease the 98,000-square-foot Wehrle Drive office building that is the current home of PHH Mortgage Corp.  The deal could be finalized this week.

Elderwood at Grand Island has

Buffalo Business Report - Tuesday, January 17th 2017


General Motors today expected to announce a $1 billion investment in its factories that will create or keep around 1,000 jobs.  No word on how that might impact the Tonawanda Engine Plant, but multiple factories will reportedly see some investment.

The development team behind the project to convert multiple buildings at the Pierce-Arrow site into apartments is requesting tax breaks to

Buffalo Business Report - Monday, January 16th 2017


Local gas prices are up another penny.  The AAA puts the current average for a gallon of unleaded at $2.47.  That price is ten cents higher than the price one month ago.

Business First reports Benderson Development Co., through an affiliate, has taken the first steps in a proposed $21 million project that will see the former Garden Village Plaza in West Seneca get a second

Buffalo Business Report - Friday, January 13th 2017


The Evans Agency, LLC, a subsidiary of Evans Bancorp, Inc., has acquired two local insurance agencies.  A.M. Smith Group, Inc. of Lockport and the Mietus Agency of Derby - represent the 14th and 15th insurance agencies attained by Evans.  Terms of the deals were not announced.

HoganWillig has established a mediation center in its Buffalo office as part of a recognition of the

Buffalo Business Report - Thursday, January 12th 2017


Larkinville-based Young + Wright Architecture wants to turn the former Buffalo Malting Co. silos and plant into a mixed-use historic renovation project, with the firm anchoring the Elk Street property.  Business First adds the Buffalo Planning Board will review that proposal at its January 17th meeting.  

A Nursing Home Quality Initiative from the NYS Health Department has The

Buffalo Business Report - Wednesday, January 11th 2016


The Town of Amherst is looking to add a fifth rink to the Northtown Center skating complex.  Business First reports that might just be the start of major changes.  Based on responses to the town-issued RFP, it's possible the fifth rink could cost anywhere from $10 million to $15 million, depending on the scope of the project.  The town has just issued an RFP for

Buffalo Business Report - Tuesday, January 10th 2017


Ciminelli Real Estate Corp. is set to begin converting the former Metholatum Co. headquarters into a residential-driven project.  Business First reports work on the $19 million project should begin newxt month, with the first tenants moving in this December.  Plans call for 51 one- and two-bedroom apartments to be developed on the building’s four floors and along

Buffalo Business Report - Monday, January 9th 2017


The price at the pump climbed two more cents this week to an average of $2.46.  According to the AAA, that pump price has risen by a dime in the past month.   

BlueCross BlueShield of Western New York and Roswell Park Cancer Institute announced a three year  contractual agreement that ensures BlueCross BlueShield’s membership will continue to have uninterrupted

Buffalo Business Report - Friday, January 6th 2017


Five Star Bank has set an opening date for its first retail branch in the city of Buffalo.  Bank officials confirmed the office at 40-50 Fountain Plaza is scheduled to open Monday, February 13th.   Business First notes it will be located in a former KeyBank N.A. that closed in 2015 when KeyBank relocated its regional headquarters from Fountain Plaza to The Delaware North

Buffalo Business Report - Thursday, January 5th 2017


Two more retailers have plans to leave the Northtown Plaza.  Riverside Men’s Shop and its companion retailer, S&E Jewelers, will be leaving the Sheridan Drive shopping center this spring and moving into a 10,000-square-foot former CarQuest Auto Parts store on 6470 Transit Road.  Business First points out that location is directly across from Salvatore's.

Macy's will

Buffalo Business Report - Wednesday, January 4th 2016


Chiampou Travis Besaw & Kershner LLP in Amherst has merged with fellow CPA firm Campagna & Gallson CPAs PC of Williamsville.  Business First reports no financial terms were announced.  The merged group will be under the Chiampou Travis Besaw & Kershner LLP name.

H&R Block, the nation’s largest consumer assisted tax preparation company, has opened its 10,000 offices nationwide

Buffalo Business Report - Tuesday, January 3rd 2017


Third-quarter membership at credit unions in Western New York increased by more than 4 percent year over year, according to Business First.  Data provided by the New York Credit Union Association shows that tops membership growth statewide, which rose 3.3 percent over the same 12-month period.  As of September 30th, there are now 5.4 million credit union members in New York

Buffalo Business Report - Monday, January 2nd 2016


Bad news at the pumps, as local prices went up four cents this past week to an average for unleaded of $2.44.   The AAA reports the state average increased five cents to $2.52 per gallon.

Medaille College has formally closed its Partnerships for Opportunity comprehensive campaign, which was launched in 2014 with a $4.5 million goal. The campaign ultimately raised $5.7

Buffalo Business Report - Friday, December 30th 2016


The NFTA says Metro Rail will extend service will be extended tomorrow night to accommodate passengers attending the Annual New Year's Eve Ball Drop at Roosevelt Square, activities at Canalside and the First Night Buffalo celebration.  The last outbound train is scheduled to leave Erie Canal Harbor Station at 2am, New Year's Day following the events, with the last inbound train
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