An affiliate of Bevilacqua & Associates has officially closed on the property it needs to develop a mixed-use building that straddles both the Town of Amherst and Village of Williamsville municipal lines.
Bevilacqua, through its 5933 Main St. LLC and 5949 Main St. LLC affiliates, paid $1.3 million for the 1.7-acre parcels of land to construct the Lymstone Lofts. Construction is expected to start this spring.
Construction is expected to start this winter on a building aimed at replacing a Main Street eyesore that straddles both the Village of Williamsville and Town of Amherst.
One of the final hurdles was crossed Friday morning when the Amherst Industrial Development Agency’s directors approved a series of tax breaks to 5933 Main Street LLC, an affiliate of Bevilacqua & Associates, that will help finance the $9.15 million project.
Bevilacqua & Associatesis proposing a three-story building that will include 20 market-rate apartments and first floor retail or commercial space.
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A project to convert a vacant Main Street building into high-end apartments and retail space is getting nearly $930,000 in tax breaks from the Amherst Industrial Development Agency.
The $9.2 million project will demolish the existing building at 5927-5951 Main St. and construct a three-story building, covering 56,000 square feet of space, that will include first-floor retail space and 20 upscale apartments on the second and third floors.
Plans have emerged for what has long been considered an eyesore on a Main Street corner that borders both the Village of Williamsville and Town of Amherst into what could be a development showcase.
Bevilacqua & Associates hopes to begin work early next year on a project that will transform a largely vacant retail complex into a sleek, three-story building that will include 20 market-rate apartments and first floor retail or commercial space. Located at the corner of Main and Hirschfield streets, the project is directly across from Williamsville South High School.
A local developer is taking over a planned project to build a three-story mixed-use retail and residential building across from Williamsville South High School after agreeing to buy the property from the out-of-town owner who first proposed the construction.
