There are a few signs of progress on the conversion of the AM&A’s department store into a mixed use complex. National Grid has returned power to the building and signs have gone up signaling asbestos abatement work is about to begin. The 10-story building would be anchored by a 300-room Wyndham hotel geared towards Asian tourists.
Queens-based Lanco H & L purchased the long-dormant property in November 2014 for $2.755 million. The firm, working with engineer John Schenne and backed by Chinese investors, is planning the hotel, six apartments, a spa, health care facilities, and restaurant space in the 350,000 sq.ft. building.