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

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According to public documents filed late Thursday in the ErieCounthy Clerk’s Office, Termini’s H@Lofts LLC paid $720,00 for the historic building. The building had been ownec by New HorizonsAcquisitions LLC, a Long Island-basec development firm. Termini is in the early stageds of renovating theformed warehouse, parts of which date back to the late 1800s, into a mixed-usew development anchored by 47 market-rate apartmentes and 15,000 square feet of office space. P&Bg Acquisitions will occupy theofficer space, while Termini said he is compiling a rapidlh growing list of prospective tenanta for the apartments. Termin i will be investing morethan $11 million in the project.
The which is being called the H@Lofts, is expectede to welcome its first residential tenantsnext spring. In the meantime, Terminki is talking with local and state officials about incentive packagea needed before he can acquire the flagship AM&A's department store building on Main Street from New Termini predicted the cost of renovating the buildinv between $80 million and $100 He said it would only be possible with a heav y influx of public sector dollars and The developer said it may take him more than one perhaps as long as 18 to secure all the necessary public-sector dollars he neede for the AM&A's department store project.
The formedr store, which has been closedc since 1995 -- save for a brievf run as Taylor’s Departmenyt Store -- will likely be used as a mixed-use developmen t project, also anchored by residentialp units.