Work has begun on phase 1 of the Glens Falls Market Square project. Developed by Bonacio Development and being built by Bonacio Construction, Market Square will see significant redevelopment and renovation of South Street. In phase 1, the former Hotshots building at 45 South St. and the former Sandy’s Clam Bar at 41 South St. will be converted into mixed-use buildings with first-floor commercial space and residential apartments on the upper floors. Also in phase 1 is the redevelopment of 36 Elm St, a 3-story warehouse known as the “incubator” building, which will have apartments over first-floor space leased by the City of Glens Falls. In total, 18 apartments will be available across the three properties.
Phase 2, known as South Street Apartments, will see the construction of a new five-story building housing 70 mixed-income apartments, including 49 one-bedroom, 20 two-bedroom, and one three-bedroom units. Eleven apartments are reserved for individuals with special needs, and support services are provided by a local nonprofit, Community, Work & Independence, Inc. (CWI). Located at 31 South St., this space was formerly the South Street Community Pavilion site and a parking lot.
Read more about this project from the Albany Business Review and The Chronicle.
