Utica announces $20 million mixed-use project on Hotel Street

“The revitalization of Hotel Street is one of the final pieces to a complete and thriving downtown,” Utica Mayor Robert M. Palmieri said in a press release. “It’s historical significance, combined with its location, make this area rife for a resurgence. The partners involved in this project are some proven commodities, and I have no doubt that Hotel Street will be a prime attraction in the near future.”

In total, the development partners will renovate 87,000 square feet in an area that serves as a connection point to Genesee Street, Mohawk Valley Hospital System’s Wynn Hospital opening this October, the Utica University Nexus Center, and the city’s Harbor Point district.

“Given its proximity to nearby businesses, attractions, and travel corridors, Hotel Street is situated in an ideal location that makes it a prime spot for further development and growth,” New York State Senator Joseph Griffo (R–Rome) said in the release. “This project will enhance the city of Utica’s historic Bagg’s Square and downtown neighborhoods while also supporting other ongoing revitalization efforts taking place in the area.”

The project received $3 million through the Restore New York Communities Initiative Grant from Empire State Development and was previously awarded a $1 million capital grant.

“I am pleased to see this continuous growth in Utica,” New York State Assemblywoman Marianne Buttenschon (D–Marcy) said in the release. “The mixed-use project on Hotel Street will further enhance the city’s beauty while maintaining its historical character.”

“Revitalizing our city centers by helping our municipal partners find creative ways to redevelop and transform neighborhoods catalyzes new investments to spur growth for the future,” Hope Knight, president, CEO, and commissioner of Empire State Development said. “This project represents the next phase of the ongoing revival of downtown Utica.”

Utica announced plans several weeks ago to beautify the nearby alley at Franklin Square with an Erie Canal theme. That nearly $400,000 project will restore the walls that frame the alley and add benches, bike racks, string lighting, and more.