{"id":50437,"date":"2023-03-02T06:42:45","date_gmt":"2023-03-02T11:42:45","guid":{"rendered":"https:\/\/www.wrfalp.com\/?p=50437"},"modified":"2023-03-02T06:42:45","modified_gmt":"2023-03-02T11:42:45","slug":"welchs-building-redevelopment-moving-forward","status":"publish","type":"post","link":"https:\/\/www.wrfalp.com\/welchs-building-redevelopment-moving-forward\/","title":{"rendered":"Welch’s Building Redevelopment Moving Forward"},"content":{"rendered":"
\"\"<\/a>

Welch Administration Building, Westfield, New York<\/p><\/div>\n

Redevelopment of the former Welch’s Building<\/strong> in Westfield is moving forward.<\/p>\n

The Chautauqua County Industrial Development Agency<\/strong> said that 2 Portage LLC<\/strong>\u00a0is now the owner of the historic structure and will begin the rehabilitation and adaptive reuse of the 51,000 square foot building.<\/p>\n

2 Portage LLC received a $475,000 AL Tech Revolving Loan<\/strong> Fund through the IDA for the $18 million project.<\/p>\n

Upon completion, the building will include 46 mixed-income residential units. In addition, there will be 3,700 square feet of commercial space located in original commercial space at the corner of Portage Road and Main Street. The commercial space will be targeted at a mix of tenants, including a food and beverage\/retail operator in the street-level space, and other professional service office spaces on the ground floor.<\/p>\n

The redevelopment of this building will provide needed housing in the Village, and street level retail, both of which will support the walkability and vitality of the Village.<\/p>\n

Construction is expected to begin mid-2023 after final Historic Landmark status is approved by the National Parks Service<\/strong>. The property will be renovated and managed by Savarino Companies<\/strong>.<\/p>\n

The project will create an estimated 70 construction jobs and three post-construction full-time equivalent jobs.<\/p>\n

In addition to loan financing for building acquisition, the CCIDA Board of Directors also previously approved a Tax Lease\/PILOT incentive agreement, which includes real property, sales, and mortgage recording tax abatements. The project also received $1.5 million in Restore New York<\/strong> funds from the state toward the historic rehabilitation and adaptive use of the building.<\/p>\n","protected":false},"excerpt":{"rendered":"

Redevelopment of the former Welch’s Building in Westfield is moving forward. The Chautauqua County Industrial Development Agency said that 2 Portage LLC\u00a0is now the owner of the historic structure and will begin the rehabilitation and adaptive reuse of the 51,000 square foot building. 2 Portage LLC received a $475,000 AL Tech Revolving Loan Fund through […]<\/p>\n","protected":false},"author":22,"featured_media":41707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[11346,12984,426,12985,6943,12229,8785],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/12\/Welch-Building.png?fit=967%2C703&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3YlJ4-d7v","jetpack-related-posts":[{"id":41706,"url":"https:\/\/www.wrfalp.com\/redevelopment-of-former-welch-building-in-westfield-moved-another-step-forward\/","url_meta":{"origin":50437,"position":0},"title":"Redevelopment of former Welch Building in Westfield Moved Another Step Forward","author":"WRFA Radio","date":"December 22, 2021","format":false,"excerpt":"The former Welch Administration Building redevelopment project in the village of Westfield has moved another step forward. The Chautauqua County Industrial Development Agency Board approved a PILOT and tax lease incentives for adaptive re-use of the $11.5 million project being undertaken by 2 Portage, LLC. This includes real property, sales\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/12\/Welch-Building.png?fit=967%2C703&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/12\/Welch-Building.png?fit=967%2C703&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/12\/Welch-Building.png?fit=967%2C703&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/12\/Welch-Building.png?fit=967%2C703&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":44042,"url":"https:\/\/www.wrfalp.com\/former-welchs-building-sale-receives-loan-assistance\/","url_meta":{"origin":50437,"position":1},"title":"Former Welch’s Building Sale Receives Loan Assistance","author":"WRFA Radio","date":"April 28, 2022","format":false,"excerpt":"The Chautauqua County Industrial Development Agency board has approved a loan request to the company buying the former Welch's Building in Westfield. 2 Portage LLC requested a $475,000 loan for the real estate acquisition. The Al Tech Revolving Loan fund loan has terms of 20 years at 4% interest. The\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/04\/CCIDA-Bd-Mtg-4-26-22.png?fit=749%2C420&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/04\/CCIDA-Bd-Mtg-4-26-22.png?fit=749%2C420&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/04\/CCIDA-Bd-Mtg-4-26-22.png?fit=749%2C420&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/04\/CCIDA-Bd-Mtg-4-26-22.png?fit=749%2C420&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":51533,"url":"https:\/\/www.wrfalp.com\/krog-group-receives-ida-loan-to-purchase-former-truck-lite-facility\/","url_meta":{"origin":50437,"position":2},"title":"Krog Group Receives IDA Loan to Purchase Former Truck-Lite Facility","author":"WRFA Radio","date":"April 26, 2023","format":false,"excerpt":"The former Truck-lite facility in Falconer is being sold to The Krog Group. The Chautauqua County Industrial Development Agency Board approved a $900,000 Al Tech Loan, mortgage tax abatement, and sales tax abatement. The total project cost is $3,655,000. IDA Business Development Manager Carol Rasmussen said Peter Krog plans to\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/04\/Truck-Lite.jpg?fit=1049%2C495&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/04\/Truck-Lite.jpg?fit=1049%2C495&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/04\/Truck-Lite.jpg?fit=1049%2C495&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/04\/Truck-Lite.jpg?fit=1049%2C495&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":53941,"url":"https:\/\/www.wrfalp.com\/buffalo-construction-company-thats-shutting-down-will-likely-affect-chautauqua-county-projects\/","url_meta":{"origin":50437,"position":3},"title":"Buffalo Construction Company That’s Shutting Down Will Likely Affect Chautauqua County Projects","author":"WRFA Radio","date":"August 23, 2023","format":false,"excerpt":"A Buffalo-based construction company that's shutting down will affect projects in Westfield and Falconer. Savarino Companies issued a WARN notice to the State Department of Labor that it would begin laying off 30 employees on August 18 as the company \"terminates work on certain projects.\" According to a statement on\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/12\/Welch-Building.png?fit=967%2C703&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/12\/Welch-Building.png?fit=967%2C703&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/12\/Welch-Building.png?fit=967%2C703&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/12\/Welch-Building.png?fit=967%2C703&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":45812,"url":"https:\/\/www.wrfalp.com\/ccida-approves-loans-for-new-brewery-in-westfield\/","url_meta":{"origin":50437,"position":4},"title":"CCIDA Approves Loans for New Brewery in Westfield","author":"WRFA Radio","date":"July 28, 2022","format":false,"excerpt":"The Chautauqua County Industrial Development Agency Board has approved loans for a new brewery in Westfield. The board approved two Al Tech Revolving Loans for 3811 Holdings, LLC which is doing business as Ghostfish Brewing Company East. The first loan was $65,902 for machinery and equipment with the second loan\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/10\/ccida.jpg?fit=399%2C262&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":42300,"url":"https:\/\/www.wrfalp.com\/ccida-assisted-in-164-million-in-new-investment-314-new-jobs-in-2021\/","url_meta":{"origin":50437,"position":5},"title":"CCIDA Assisted in $164 Million in New Investment, 314 New Jobs in 2021","author":"WRFA Radio","date":"January 27, 2022","format":false,"excerpt":"Chautauqua County had $164 million in new investment, 314 new jobs, and 1,752 retained jobs in 2021 due to assistance from the Chautauqua County Industrial Development Agency. Those were highlights presented in the 2021 annual report for the IDA by IDA CEO and Deputy County Executive for Economic Development Mark\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/01\/272751454_301439422027146_6109290810382046891_n.jpg?fit=940%2C788&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/01\/272751454_301439422027146_6109290810382046891_n.jpg?fit=940%2C788&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/01\/272751454_301439422027146_6109290810382046891_n.jpg?fit=940%2C788&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/01\/272751454_301439422027146_6109290810382046891_n.jpg?fit=940%2C788&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/50437"}],"collection":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/comments?post=50437"}],"version-history":[{"count":1,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/50437\/revisions"}],"predecessor-version":[{"id":50438,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/50437\/revisions\/50438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media\/41707"}],"wp:attachment":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media?parent=50437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/categories?post=50437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/tags?post=50437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}