Zephyr Partners, a San Diego based development company, agreed to purchase 72 acres of land at Buffalo Lakeside Commerce Park in hopes of building a cannabis cultivation and research facility. The deal is contingent on legislative changes that allow more cannabis cultivators to operate in the state.
Zephyr was cofounded in 2008 by Brad Termini who is the son of Buffalo developer Rocco Termini (Hotel at the Lafayette). Zephyr owns an extensive $2BN portfolio in commercial real estate, primarily in Southern California. Zephyr’s cannabis affiliate, Flora California Prime, Inc., would run the plant.
The project is ambitious and includes plans to hire up to 800 employees, as well as partnerships with Erie Community College (ECC) and Roswell Park. The partnership with ECC will train local workers in the field, while the links to Roswell will focus on research and formulation development.
The deal was approved by the Buffalo Urban Development Corporation and was structured to bring contracts and jobs to minority groups.