A Georgia company paid $7 million for a 13-acre property near the University at Buffalo's Amherst campus where it plans to build 200 units of student housing.
Landmark Properties of Athens, Ga., one of the nation's largest student housing developers, on Thursday completed its purchase of 1185 Sweet Home Road, between Rensch and Maple roads, from Excellus Health Plans Inc., said David Schiller, an associate real estate broker for Cushman & Wakefield Pyramid Brokerage Co.
The property was a Lifetime Health Medical clinic that closed in 2017. Schiller said this was the last of seven former Lifetime clinics that sold for a combined $15 million in recent years.
The Town Board rezoned the property and Amherst's Planning Board approved the site plan, which calls for a five-story building and a four-story building on the section closest to Sweet Home, and 16 three-story buildings farther from the road. The tallest buildings would have first-floor retail.
The Station at Buffalo, with about 700 beds, is Landmark's first project here.