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During last night’s Common Council meeting councilors authorized a resolution to submit an application for a Restore NY Grant for the construction project at the former Gillette Factory building located behind Hyde’s Diner off of Homer Ave. in the City of Cortland.
The Council and City agree that the Restore NY Program is an appropriate means of financing a portion of the project, which is estimated to exceed $7 million dollars.
An application be submitted to the Restore NY Round 6 program for an amount not to exceed $2 million dollars.
The building currently sits abandoned, but plans to restore the building to include high end loft style apartments as well as some commercial space are in the works. A rendering of the building is pictured below.
Overall, the project will have a 27,000 square feet of residential space consisting of 22 units, and two commercial office spaces in it.
Two houses nearby will also be torn down during the project to create an L-shaped garage with 7 or 8 garage spaces for residents.
Construction is slated to begin in early 2023.
