Items tagged with 'One Monument Square'
The first renderings of the propose movie theater at 1 Monument Square in downtown Troy are out.
The city of Troy selected the proposal from two entries earlier this year. The super quick overview: The $18 million project would include a 9-screen movie theater, 3,000 square feet of street level retail space, 100-150 parking spaces underneath, and the potential for additional floors in the future. Bonacio and Bow Tie will also be redeveloping the American Theater space, located 500 feet down River Street from the site. The projected opening date for the 1 Monument Square theater would be the fall of 2018.
The city of Troy announced Wednesday that it's selected a plan for the redevelopment of 1 Monument Square: a new Bow Tie movie theater built by Bonacio Construction.
Said mayor Patrick Madden in a press release:
Their proposal to build a nine-screen cinema will strengthen our city's growing economic resurgence while further boosting Troy as a regional destination in the Capital District. With an estimated 10,000 weekly visitors this exciting project will support our downtown restaurants and small businesses while helping to attract additional investment to our community.
Bonacio's proposal is part a plan that would also redevelop the former American Theater space nearby on River Street into a one-screen theater, also run by Bow Tie. (The small theater project was awarded $600k in the state Regional Economic Development Council grant process this past December.)
The city council still needs to approve a development agreement for the 1 Monument Square site, and the project will have to go through the usual planning approval process. The Madden administration is projecting that construction could start in late fall of this year and be completed by late 2018.
The project will be the fourth major attempt to redevelop the site on the riverfront in the heart of Troy.
"Now is the time to develop this key parcel in downtown Troy."
That's the last line of the opening page of the new request for proposals that the city of Troy posted Monday for the 1 Monument Square site, one of the most prominent pieces of undeveloped real estate in the Capital Region core. The request is looking to spur the fourth major attempt since 2011 to redevelop the old city hall spot.
Here's a quick scan of what the city is looking for this time around...
More than a hundred people showed up for a public meeting Wednesday evening in Troy to talk about how to redevelop the 1 Monument Square site. And toward the beginning of the event, mayor Patrick Madden mentioned that the city was hoping to have a request for proposals out to developers sometime early this October.
But by the time the event was ending, Madden said his administration would be rethinking the process.
Here's what happened in between...
The city of Troy has scheduled a public meeting for August 24 to gather public input in an attempt to answer that question. From a city press release:
[The meeting] will provide residents and city stakeholders an opportunity to participate in a community conversation regarding the future redevelopment of the vacant site and provide their input and ideas in a public setting.
"The One Monument Square site is one of Troy's more high-profile properties and an important part of the future of our downtown," said Mayor Patrick Madden. "By further engaging the public on the redevelopment of the property we can foster an important dialogue between business owners, residents, community members and public officials that will be utilized in the development of a new RFP expected to be released this fall."
There is, of course, a lot of history and drama involving the development of this site. The most recent turn was this past spring when a proposal to build a mixed-use residential project got as far as the city's planning board before meeting organized opposition from members of the public -- the developer dropped out, blaming what it said was the city's failure to properly identify underground infrastructure that complicated construction and pointing the finger at the organized opposition.
That was the third major effort to redevelop site since the former city hall was demolished in 2011.
The public meeting is Wednesday, August 24 at 6 pm at the Bush Memorial on the Sage Troy campus.
The development company behind the latest effort to build on the 1 Monument Square site in downtown Troy announced Friday that it's pulling out of the $24 million residential/retail project.
In statements, officials for the Kirchoff Companies criticized the city of Troy for what they described as "materially inadequate" info about underground utility lines that complicated construction at the site. And they had sharp words for a group that organized to oppose the project, questioning whether the group had the city's best interests at heart. [TU] [Biz Review]
That group, We Care About the Square, had argued that changes Kirchoff made to its original proposal -- including switching from two buildings to one -- had evolved the project to a degree that it significantly differed from what had first been pitched. In a statement posted on Facebook Friday, it called the proposed project "substandard." It continued:
"Anyone who has been listening to the debate knows that WCATS is a pro-development, pro-design, pro-quality group of invested citizens that values the extraordinary urban and architectural assets of Troy and wants to see the gap in River Street and our city's river façade completed in a manner that connects the downtown to the Riverfront, meets the highest standards of excellence in architectural design, and is of the construction quality the city deserves."
This ending wasn't really a surprise.
The Troy Waterfront Farmers' Market has announced that it's withdrawing from the proposed plan to redevelop the 1 Monument Square site in downtown Troy. The market had been slated to occupy a street-level retail space in the mixed-used development, as well as make use of surrounding plaza space.
Said farmers' market board chair Seth Jacobs in a statement released Wednesday afternoon:
"Changes to the scope of the One Monument Square project greatly reduced the footprint the Troy Waterfront Farmers' Market would have occupied while increasing the cost to the market, and it has become clear the available space would not allow us to offer the ideal experience to customers, nor to our vendors. We understand the developer has encountered major engineering challenges and site constraints as the project has progressed, and we respect that. However, it is our organization's goal to be fiscally responsible in order to ensure all who enjoy the market are able to have a positive experience for years to come."
The press release also included a statement from Joseph Kirchhoff, CEO of the Kirchhoff Companies, which has been working to develop the project with Sequence Development: "We know that our project when completed will be an outstanding addition to downtown Troy, enhancing the quality of life for both existing and future Troy residents. We will continue to support the Market at its downtown location and look forward to the Market vendors taking advantage of the public plaza created around the future One Monument Square building."
This news isn't that surprising.
The development team backing the 1 Monument Square project presented the latest iteration of the mixed-use building to the Troy planning commission Wednesday night. The presentation included new renderings, a somewhat reconfigured plan for the river side of the building, and some discussion about what the space that has been set aside for the Troy Waterfront Farmers' Market might (or might not) be.
And then things took a bit of a turn toward the dramatic. An attorney representing a group called We Care About the Square stood up for the first public comment of the night and raised the possibility of legal action if the project moves forward.
The latest iteration of the third major attempt to redevelopment the 1 Monument Square site is down to a one building.
The development team aiming to build a residential/restaurant/farmers' market project on the prime spot in downtown Troy presented its latest plan Tuesday night to the Troy Planning Commission. And the commission gave the site plan a preliminary approval.
So, let's have a look.
The proposed One Monument Square development in downtown Troy is one of the area's most interesting projects -- and it's evolving.
The latest version of the plan (itself the third major proposal for the site) sticks to the original concept -- a bunch of residential units, mixed-use space including a permanent spot for the Troy Waterfront Farmers' Market, a plaza with access to the riverfront -- but it shifts the arrangement of the two buildings planned for site.
The new massing diagaram for the project is above (and after the jump in large format) -- it was shared by the developers at a meeting of the Troy City Council's planning committee Tuesday evening. Where the original version of this plan had the two buildings roughly splitting the site down the middle, the new plan includes one wide building and one much narrower building.
Here's more about the current version of plan, and a few other bits...