8/2/2013 9:54:18 AM
The Buffalo News: Temporary AMRI research space, hotel eyed for medical campus
The Buffalo News
Deal will give temporary facility to drug manufacturer and put extended-stay hotel on the medical campus
The organization that operates the downtown Medical Campus has found a
temporary home for Albany Molecular Research Inc., the contract drug
manufacturer lured to Buffalo with the promise of millions of dollars.
Part of the deal will bring an extended-stay hotel to the campus.
not-for-profit Buffalo Niagara Medical Campus is buying the former
SmartPill Corp. building from the Krog Corp. and preparing the facility
for use by AMRI and a partner company until a permanent home can be
built for the life-sciences companies. The entire cost of acquiring the
building at 847 Main St. and readying it for AMRI and the other tenant
is $15 million, and officials hope the companies will be able to move in
within nine months.
“It’s a really exciting opportunity for us,” said Matthew K. Enstice, the president and CEO of the medical campus.