{"id":34477,"date":"2021-07-14T12:42:36","date_gmt":"2021-07-14T16:42:36","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=34477"},"modified":"2021-07-14T12:42:36","modified_gmt":"2021-07-14T16:42:36","slug":"city-developer-architect-get-busy-planning-the-re-development-of-south-street-area","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2021\/07\/city-developer-architect-get-busy-planning-the-re-development-of-south-street-area\/","title":{"rendered":"City, Developer, Architect Get Busy Planning The Re-Development Of South Street Area"},"content":{"rendered":"<figure id=\"attachment_34478\" aria-describedby=\"caption-attachment-34478\" style=\"width: 194px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-34478\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2021\/07\/market-square-vc.jpg\" alt=\"\" width=\"194\" height=\"259\" \/><figcaption id=\"caption-attachment-34478\" class=\"wp-caption-text\">This South Street building will be part of the re-development project in Glens Falls.<\/figcaption><\/figure>\n<p class=\"p1\">By Jill Nagy<\/p>\n<p class=\"p2\"><span class=\"s1\">The City of Glens Falls working with Bonacio Construction Co. of Saratoga Springs plan the redevelopment of Market Square, along South and Elm Streets in the downtown area. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">The area includes the Farmers\u2019 Market pavilion and three vacant buildings, two of which the city owns.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">The Market Square project will complement the adjoining Market Center development. The city is working with Envision Architects of Albany to develop plans for a permanent home on South Street for the Farmers\u2019 Market that will also serve as a community event center. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">When the two projects are completed, they will form a two-block pedestrian-friendly space with commercial, residential and community spaces.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Bonacio was awarded the contract to develop the Market Square area last May. Larry Novik, the company\u2019s business director, said plans are still very tentative. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">He expects to renovate two city-owned buildings, the former Hot Shots Bar and an incubator building, along with a third building, the former Sandy\u2019s Clam Bar, which Bonacio already owns.\u00a0<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Ground floor space will be dedicated to commercial use with office and residential uses in the upper floors, he said. Bonacio will also acquire the lot now occupied by the Farmers\u2019 Market pavilion and construct a new building that may include a parking garage.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u201cWe are in the early stages of working with them on a design\u201d for the new building, Jeff Flagg, the Glens Falls economic development director, said. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">When the work is completed, probably late in 2022, Bonacio will own Market Square. The details of how the developer will acquire the city-owned property will be negotiated, Flagg said. The cost of the project will depend upon the final design.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><span class=\"s2\"><!--more--><\/span>The Market Center, on the other hand, will remain city property, Flagg said. He envisions an open space, probably with a roof and movable walls. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">That project has been in the works for several years. In 2017, the cost of the Market Center was estimated at $2.8 million but, Flagg said, it is likely to be more than that. If all goes as planned, construction will begin in early 2022. A developer has not yet been chosen.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Novik estimated that Bonacio\u2019s negotiations with the city would last 90-120 days. He foresees beginning construction by the end of the year, possibly working in phases. Work on the Farmers\u2019 Market site, for example, cannot begin until that market moves to its new home.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">Much of the city\u2019s share of the cost of the Market Square and Market Center developments will be covered by a portion of the $10 million state grant it received in 2019 to fund its Downtown Redevelopment Initiative program.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jill Nagy The City of Glens Falls working with Bonacio Construction Co. of Saratoga Springs plan the redevelopment of Market Square, along South and Elm Streets in the downtown area. The area includes the Farmers\u2019 Market pavilion and three vacant buildings, two of which the city owns. The Market Square project will complement the [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":34478,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>City, Developer, Architect Get Busy Planning The Re-Development Of South Street Area - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2021\/07\/city-developer-architect-get-busy-planning-the-re-development-of-south-street-area\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"City, Developer, Architect Get Busy Planning The Re-Development Of South Street Area - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Jill Nagy The City of Glens Falls working with Bonacio Construction Co. of Saratoga Springs plan the redevelopment of Market Square, along South and Elm Streets in the downtown area. 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