Related information: Montante gets to work on Niagara Falls rehab project
The redevelopment has begun at three century-old buildings in Niagara Falls that sit almost directly across from the Seneca Niagara Resort & Casino.
Crews from TM Montante Development have started work on the $5 million project that will see the structures at 7th and Niagara Streets transformed into a mixed-use complex. The project — named 616 Niagara — will be anchored by 17 market-rate apartments and offices for the Niagara Global Tourism Initiative and TReC, the first co-working and incubator facility in the City of Niagara Falls. Also planned is a ground floor corner café.
“Vacant structures will become vibrant again,” said Chris Campos, TM Montante Development president.
Both the global tourism institute and TReC are affiliates of Niagara University, a move that increases its presence in the heart of Niagara Falls.
“TReC will serve as a link between the local community and entrepreneurial opportunities in Niagara Falls,” said Patrick Whalen, global tourism institute executive director.
The Montante project received a $750,000 grant from the WNY Regional Economic Development Capital Fund as well as a $100,000 grant from National Grid’s Main Street Revitalization Program. The Niagara Global Tourism Institute also received a $176,000 grant from the Niagara Falls Tourism Target Zone Program which is administered through the Niagara County Industrial Development Agency.
Source:
https://www.bizjournals.com/buffalo/...lls-rehab.html
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