BUFFALO, N.Y. — Several contractors have filed liens related to the stalled Heritage Point project at Canalside, alleging $2.8 million in unpaid bills.
Sinatra & Co. and its investment partners have spent more than $12 million out of pocket while trying to secure a loan, according to CEO Nick Sinatra. Now he says he's found a lender but is trying to secure another $4 million loan from the state in order to seal the deal and restart the project.
"We need to fill a $10 million gap to get the project done," Sinatra said.
Heritage Point is a 61-unit apartment project with additional commercial space. Most of the structural steel work has been completed, but work stopped early this year as money ran out.
Read more from our partners at Buffalo Business First.
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