The good news continues to roll in. Business First is reporting that Amherst has been selected for a major expansion by Citicorp. Officials involved with the project have not confirmed that a deal has been struck however. The financial services giant has apparently chosen Uniland Development’s CrossPoint Business Park for a data center that could employ up to 400 new workers. WNY beat out locations in Toronto, Long Island and Chicago for the project.
Citicorp would occupy a new 156,000 sq.ft. office building in the business park that is located off of North French Road at the I-290. The firm recently moved its 350-employee processing center operations into a 90,500-square-foot office building at the park. Those offices moved from Ridge Lea Road in Amherst.
Business First’s James Fink has the scoop:
CrossPoint Business Park has emerged as the likely location for a new Citicorp North America Inc. data center, with a formal announcement expected within the next few weeks.
Sources have indicated that CrossPoint, which is already home to a Citicorp global processing data center, has landed the new building — one of the most coveted projects not only in the Buffalo Niagara region, but in the Northeast and Midwest.
The center could be home to as many as 400 new workers, all bringing home above average paychecks.
CrossPoint was one of several considered by Citicorp as were other sites in Toronto, Chicago and Long Island.
The first sign that Citicorp has selected CrossPoint is coming from the Amherst Industrial Development Agency, who has scheduled a public hearing on Friday morning to consider a request from Uniland Development Co. for a $29 million abatement package for the project.
The abatement package is considered one of the crucial elements in a handsome array of incentives being offered to Citicorp. Also on the table are Empire Zone credits, if the deal can be struck.
Citing confidentiality clauses, neither Uniland nor the Amherst IDA would identify the tenant for the proposed 156,000-square-foot building. That Citicorp has been scouting local sites is well known in real estate and development circles.
Rene Babich, spokesperson, for Citigroup Corporate and Investment Banking, also declined to say if a formal deal has been struck for CrossPoint or any other location.
“We are considering a variety of possible locations,” Babich said. “No decisions have been made.”
CrossPoint is also home to back-office facilities for Bank of America and GEICO. The Amherst IDA approved the incentive package for the project this morning.