May 10, 2024

Developers See the Future Taking Shape in WNY

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Generational construction projects are giving impressive shape to Western New York’s landscape

The stadium under construction in Orchard Park and the 3 million-square-foot Amazon distribution facility in the Town of Niagara are projects of size and scale that are unusual for the region.

Concurrently, the demand for affordable and market-rate housing, and industrial and warehousing space is giving rise to development activity in all areas.

It hasn’t been easy for the developers who have pursued their projects in the face of high interest rates, financing challenges and reduced availability of financing while dealing with increased costs of labor and materials and the onus of legislative and regulatory requirements.

Phillips Lytle LLP recently gathered area experts to weigh in on the challenges of real estate development as well as the opportunities and incentives that can result in projects of impact large and small.

An overview of the discussion, “Developers See the Future Taking Shape in Western New York,” was published in Buffalo Business First.


Kimberly R. Nason