The new Northwest Bank officially broke ground on Jefferson Avenue in Buffalo's East Side on Friday.
"We've worked on this for a long time and we're very excited to be a part of this community" Northwest Regional President Rick Hamister said.
The bank is going to signal a complete change for the East Side. Following the bank there will be $50 million in investment going towards infrastructure.
"Pay attention to what Jefferson looks like now, because in another year or two you won't recognize this are of the city." Buffalo Mayor Byron Brown said.
The other projects will include multi-use apartment facilities a few blocks from the bank.
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