University Plaza in Amherst for Sale

Plaza near UB features Tops, Dipson Amherst Theater

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Amherst, NY (WBEN) - Another major plaza in the Town of Amherst could be in line for a new look. 

The University Plaza retail center in Eggertsville along the border of Tonawanda and the City of Buffalo is for sale.

The 14-acre Main Street property, which sits an intersection away from the University at Buffalo's South campus, recently saw a 12% reduction in the plaza's assessment.

"There's got to be over 30,000 vehicles a day in that area," said Town of Amherst Supervisor Brian Kulpa. "It's just never really caught fire."

Phillips Edison & Co. currently owns the property, which includes a Tops market and the Dipson Amherst Theater.

"It is a cornerstone for the community in terms of having the Tops there and food available," Kulpa said. "I think for the Town of Amherst, we would like to see a new developer build off of that Tops and start to develop something that's a little bit more sustainable and mixed use that provides a heart for the community it's surrounded by."

The Town of Amherst is also seeing major construction at the Northtown Plaza on Sheridan Drive. You can hear more on both topics in the interview below:

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