With the last two approvals secured, Ellicott Development Co. is poised to begin work within the next month on turning the Stereo Advantage property along Main Street into a mixed-use project anchored by a hotel and apartments.
The Amherst Planning Board, on Jan. 19. signed off on an environmental review and the Amherst Industrial Development Agency , on Jan. 20, unanimously approved an incentive package that’s critical to financing the $22.74 million project.
The actions clear the way for Ellicott Development, through its 5000 Group LLC affiliate, to close on the property and raze the buildings that sit on the parcel. Stereo Advantage, next week, will be moving into the Walker Center. [Read more…] about Amherst IDA gives lift to Paladino Project