Demolition Floated for AM&As Properties
Two of the area‚Äôs largest developers have a creative solution on what to do with the vacant AM&As complex on Main Street: Get rid of it! So says Carl Paladino and Paul Ciminelli. The property has faced an uncertain future since Bon Ton shuttered the store in March 1995. To the frustration of many, development plans have come and gone for the prime site, the largest vacant building downtown. Is it time to give up?
The Buffalo News has the details:
Carl Paladino and Paul Ciminelli joined forces at today's Buffalo Place meeting to push for razing of the deteriorating structure. Both said the City of Buffalo should acquire the building and clear the site for redevelopment.
"It's a major eyesore, a blight on downtown," said Paladino, chief of Ellicott Development. "The time has come to knock it down."
Ciminelli said the 10-story building, located at 377 Main St., and its adjacent warehouse are sitting on "prime redevelopment" sites.
"As it stands there it has negative value. It's future is as a shovel-ready site," said Ciminelli, president and CEO of Ciminelli Development.
The complex has been written up for housing court and the warehouses on Washington Street are crumbling. Meanwhile, the current owner, New Horizon Acquisitions LLC, has the property on the market for $3,999,999.
In a downtown not begging for readily available (aka ‚Äėshovel ready‚Äô) development sites, demolishing AM&As ‚Äújust because‚ÄĚ doesn‚Äôt make much sense. Does it?