News: Brokerage

Picone Construction serves as general contractor for Amherst Whole Foods

Construction is underway at Northtown Plaza - Amherst, NY Construction is underway at Northtown Plaza - Amherst, NY

Amherst, NY According to WS Development, construction is underway on the first phase of its redevelopment of Northtown Plaza, which will include a 50,000 s/f Whole Foods Market. This will be the first Whole Foods Market, to open in Western New York. WS Development purchased the 400,000 s/f Northtown Plaza located at the intersection of Niagara Falls Blvd. and Sheridan Dr. in the spring of 2015.

Picone Construction will serve as general contractor for the building construction. As is the case with all Whole Foods Market locations, the design and décor is customized to reflect the culture and heritage of its local region.

The store is slated to open in 2017.

“The new Whole Foods Market is a fantastic first step toward returning Northtown to its position as one of the most significant commercial destinations in the Buffalo region” said Brian Sciera, vice president, WS Development. “Our vision for Northtown integrates Whole Foods Market with a mix of best-in-class, regional and national retailers and restaurants to create a special place.”

“We are delighted to make the Amherst store our very first in the area,” said Michael Sinatra, public affairs director with Whole Foods Market’s Northeast Region. “This is the ideal time to join the positive momentum that the Buffalo Niagara region is experiencing. We are eager to become part of this vibrant community and to offer Western New Yorkers our signature mix of products, including those locally sourced from the communities that surround our store.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.