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

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According to public documents filedc late Thursday 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 HorizonAcquisitions LLC, a Long Island-based development firm. Terminu is in the early stages of renovatinh theformer warehouse, parts of which date back to the late into a mixed-use development anchoree by 47 market-rate apartments and 15,00p0 square feet of office space. P&B Acquisitions will occupy theofficer space, while Termini said he is compiling a rapidlyy growing list of prospective tenants for the apartments.
Terminki will be investing morethan $11 million in the The building, which is being called the H@Lofts, is expectexd to welcome its first residential tenantse next spring. In the meantime, Termini is talkingh with local and state officials about incentive packages needed before he can acquire theflagship AM&A'sd department store building on Main Stree t from New Horizons. Termini predicted the cost of renovatin g the buildingbetween $80 million and $100 He said it would only be possible with a heav y influx of public sector dollars and support.
The developer said it may take him more than one perhaps as long as18 months, to secure all the necessary public-sectot dollars he needs for the AM&A's department store The former store, which has been closed sinced 1995 -- save for a brief run as Taylor’s Department Storwe -- will likely be used as a mixed-use developmentt project, also anchored by residentiao units.