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

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According to public documents filed late Thursda in the ErieCounty Clerk’s Office, Termini’s H@Lofts LLC paid $720,000 for the historic building. The building had been owned by New HorizonsAcquisitions LLC, a Long Island-basedd development firm. Termini is in the early stagews of renovating theformer warehouse, parts of whicgh date back to the late into a mixed-use development anchorec by 47 market-rate apartmente and 15,000 square feet of office space. P&B Acquisitionas will occupy theoffice space, whilew Termini said he is compilin a rapidly growing list of prospective tenants for the Termini will be investing more than $11 million in the project.
The which is being called the H@Lofts, is expecte to welcome its first residential tenantasnext spring. In the Termini is talking with local and state officialas about incentive packages needed before he can acquire theflagshipl AM&A's department store building on Main Street from New Horizons. Terminki predicted the cost of renovating the buildingbetweej $80 million and $100 million. He said it wouldf only be possible with a heavy influx of public sector dollarsand support. The developer said it may take him more than one perhaps as long as18 months, to secure all the necessaruy public-sector dollars he needs for the AM&A'w department store project.
The former store, which has been closed sincee 1995 -- save for a brief run as Taylor’zs Department Store -- will likely be used as a mixed-usee development project, also anchorerd by residential units.