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Local businesses face impact of Microsoft outage
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The Leader
Steuben County Land Bank builds first new home, plans more in Erwin
The Steuben County Land Bank is tearing some properties down and building others up around the Corning area. One of the projects marks an historic first for the non-profit, one that is setting the stage for an even bigger boost to the local housing stock. The Land Bank this fall demolished a fire-damaged property at 40 Mill St. in the town of Erwin. The property will be sub-divided into a handful of individual parcels where new homes will be constructed over the next few years. “That would be our biggest project,” said Chris Brewer, executive director of the Steuben County Land Bank. “Hopefully we start breaking ground next year on that project. That will be a fun one.” Brewer said the new Erwin homes will follow a playbook established at 20 Townsend Ave. in Riverside, where the Land Bank is currently in the midst of its first-ever new build. While the Land Bank had undertaken major renovations at previous projects, the Riverside home is the first it has built from the ground up. “That’s the first of its kind. That’s the first new build the Land Bank has ever done,” Brewer said. “Typically we do rehabs or demos. We’re testing
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National Grid providing more than $2 million in economic development grant funding to bolster projects, foster growth across Western New York
Through its various economic development grant programs, National Grid supports the transformation of commercial districts, and long-underused properties in cities and towns across its service areas. And in recent months, the company awarded economic development grants totaling more than $2 million to six projects in Erie, Niagara and Chautauqua counties.
homepagenews.com
Wayfair Eyes Buffalo, NY, Suburb for 2028 Superstore Opening
Wayfair has selected the Buffalo, NY, area as a new market for one of its namesake brick-and-mortar superstores. Set to open in 2028, a 96,000-square-foot Wayfair store in the Buffalo suburb of Amherst, NY, will give consumers the chance to explore curated room and style displays, with employee -etted Wayfair Verified products among the featured merchandise, the company noted, Shoppers will be able to consult with on-site design experts at no charge and enjoy same-day pickup or fast delivery options for larger purchases, Wayfair reported.
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Macerich Defaults On Nearly $400M Tied To Fresno, Niagara Falls Malls
Mall giant Macerich has defaulted on close to $400 million in loans backed by shopping centers in Fresno, California, and Niagara Falls, New York, as the real estate investment trust negotiates with lenders over which properties it will keep and which it will let go. The two defaults, totaling $399.4 million, mark the latest step in a broader effort by the company to pare down its national mall portfolio.