Press release:
The Genesee County Economic Development Center (GCEDC) Board of Directors will consider a final resolution supporting a mixed-use development adding six market-rate units in the town of Pembroke at its board meeting on Thursday, October 7, 2021.
The proposed $1.7 million investment by J&R Fancher Property Holdings LLC would construct a 14,000 sq. ft. two-story building on 2.6 acres at the 67-acre Buffalo East Technology Park. The project would be located adjacent to Yancey’s Fancy’s facilities on Brickhouse Drive.
The 14,000 sq. ft. project includes a 7,000 sq. ft. flexible layout for commercial tenants on the first floor and six 1-bedroom and 2-bedroom apartments on the second floor.
The project has requested $254,336 of sales, mortgage, and property tax assistance. The project is estimated to create a 4-to-1 return on investment for Genesee County in addition to increased commercial and residential benefits in the town of Pembroke.
A public hearing on the proposed agreement will be held at 4 p.m., October 5 at the town of Pembroke offices, 1145 Main Road.
October 7, 2021, the GCEDC Board meeting will take place at 4 p.m. at 99 Med-Tech Drive. A livestream and on-demand recording of the meeting also will be available at www.gcedc.com.
