The New York State Department of State has announced the start of construction for a $1.1 million redevelopment project in the City of Batavia.
The project, awarded through Batavia’s DRI Building Improvement Fund, will rehabilitate a three-story, 7,500 sq.-ft. building built in 1865. Batavia’s downtown area is a mixed-use, affordable neighborhood with access to jobs, anchor businesses, and city and county services.
The renovation and redevelopment of the historic building will include a new storefront, façade and reconstruction of the existing three floors. A dental practice will reside on the first floor with the second floor being developed for commercial office space. The third floor will include two, two-bedroom market-rate apartments.
The redevelopment of the historic building is part of the DRI award for the Building Improvement Fund, which provided the city with the resources to award building improvement projects in the downtown. The award from the fund is $137,600 with a total estimated project cost of $1,165,000. The fund is operated locally by the Batavia Development Corp. and administered by New York State Homes and Community Renewal.
The Genesee County Economic Development Center also supported the redevelopment through mortgage and sales tax incentives of $63,500. Neppalli Holdings LLC will invest nearly $1 million to renovate the building as part of the public-private partnerships for DRI.
