The Furniture Mart building on the corner of Washington and W. Second Streets in Jamestown.

JAMESTOWN – The Jamestown Post-Journal is offering more details about a proposed plan to redevelop the historic Jamestown Furniture Mart Building.

In a recent state grant application seeking up to $1.5 million for the effort, both the Gebbie Foundation and the Krog Corporation have been listed as the potential redevelopers in the project. The Jamestown City Council gave its endorsement to the grant application during its June 2019 voting session.

According to Gebbie Foundation executive director Greg Edwards, officials have been working with The Harrison Group, based out of Lockport, to create a package detailing the potential costs and economic development incentive packages available through state, county and local agencies to renovate the building.

The Gebbie Foundation owns the exclusive option to purchase the building from its current owner, Arthur Bailey. The Krog Corporation is working on the redevelopment designs. If funding can be secured, the overhual project would then move forward.

The Krog Corp. is also the developer behind the Chautauqua Harbor Hotel, BWB Building and the Riverwalk Center.

The plan is to redevelop the ten-story building into a mixed use facility for both commercial and residential use. The total estimated cost is between $15-$16 million.