Amherst’s former zombie hotel has come back to life – as apartments.
New York City developer DMG Investments has completed its $27 million project to turn the partially constructed but abandoned hotel project on Sweet Home Road into Air Buffalo, a multicolored apartment building with 154 residential units adjacent to University at Buffalo’s North Campus.
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The six-story building features a mix of studio, one-bedroom and two-bedroom apartments. And it’s already fully leased.
The project received $3.5 million in tax breaks from the Amherst Industrial Development Agency.
“We’re so proud of the finished product at Air Buffalo,” said DMG Investments founder and CEO Jacky He. “We have remained committed to providing an excellent community for our residents.”
Amherst officials are relieved as well. “It’s wonderful to have outside investors come into the area, recognize that, and make substantial investments in our area, especially on a property that was an eyesore for a very long time in this town,” said A.J. Baynes, president and CEO of the Amherst Chamber of Commerce.
“We are so excited to not have to refer to it by its former name, that I will not say,” agreed Deputy Town Supervisor Jacqueline Berger.
Located at 1265 Sweet Home, just north of Maple Road, the building features 44 studio, 87 one-bedroom and 23 two-bedroom units.
Rents range from $1,349 for studios, to $1,479 to…
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