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$1.7 Million Mixed-Use Project Proposed at Buffalo East Tech Park
BATAVIA, NY – The Genesee County Economic Development Center (GCEDC) Board of Directors will consider a final resolution supporting a mixed-use development adding six market-rate units in the town of Pembroke at its board meeting on Thursday, October 7, 2021.
The proposed $1.7 million investment by J&R Fancher Property Holdings LLC would construct a 14,000 sq. ft. two-story building on 2.6 acres at the 67-acre Buffalo East Technology Park. The project would be located adjacent to Yancey’s Fancy’s facilities on Brickhouse Drive.
The 14,000 sq. ft. project includes a 7,000 sq. ft. flexible layout for commercial tenants on the first floor and six 1-bedroom and 2-bedroom apartments on the second floor.
The project has requested $254,336 of sales, mortgage, and property tax assistance. The project is estimated to create a 4-to-1 return on investment for Genesee County in addition to increased commercial and residential benefits in the town of Pembroke.