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Project Name

Arbor Multi-Family Lending, LLC


500 Colvin Woods
New York

Project Log

Public Hearing Transcript

Inducement Resolution

Project Details

Arbor has outgrown the 22,000 sq ft space of their current facility at 3370 Walden Ave, Depew (Lancaster). With their lease expiring in 2022 and an inability to expand their current space - the company undertook an extensive search to find a new location meeting the company’s space requirements (30,000 sq ft +) located within a reasonable distance from their current operations. Other requirements included: access to major highways, a building generator, high visibility outdoor signage, ample parking and employee amenities – a key component to attracting and retaining the best candidates in a highly competitive labor market. The company complied with the UTEP Inter-Municipal Move Policy engaging their landlord and the Lancaster IDA to find a new location.  After an extensive search, the company has identified 30,000 sq ft of available space at 500 Colvin Woods, Tonawanda, to lease on the 2nd fl of this existing office building. The company plans to purchase new office furniture, AV equipment, build out a state-of-the-art computer room, an upscale breakroom and employee lounge. New computer equipment will enable Arbor to be more efficient and reduce use of paper. The creation of an attractive work environment will appeal to prospective job applicants and enable Arbor to retain current talent – allowing Arbor to remain competitive in the industry and achieve their goals.   

Status Details

  • 12/23/21: Public hearing held.
  • Type II Action – No SEQR required
  • 01/26/22: $2,100,000 Lease/Leaseback Inducement Resolution approved by the ECIDA Board of Directors