BUFFALO, N.Y. — Redevelopment of the former Record Theatre flagship store on Main Street is set to begin this month after final financing was secured.
Financing for the $7 million Monroe project at 1786 Main St. came from the Community Preservation Corp. and New York Homes and Community Renewal along with Empire State Development’s Better Buffalo Fund. The project also received state and federal historic tax credits.
“It has been an evolution to get to this point,” said Jason Yots from Common Bond Real Estate, one of five partners in the project. “We are not deep pocketed developers. Getting the financing together was huge for us. This is our biggest milestone to date.”
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