South Street Market Construction Slated for Spring
South Street – which is locally known as “the street of dreams” – is primed for the next investment of the Downtown Revitalization Initiative (DRI) that was awarded to Glens Falls in 2017… The City of Glens Falls could seek bids for construction of the 6,000 square-foot proposed market center as early as this spring!
The South Street area of Glens Falls was identified as an area in need of revitalization due to the high vacancy rates and dilapidated condition of the buildings. Through the DRI, the City of Glens Falls has worked to identify projects that have public benefit, stakeholder support, and are ready to be implemented. These DRI projects are implemented to catalyze investment in the area.
The empty lot where the mixed event space will be built is across the street from another new business that’s establishing itself… Glens Falls Bagels owner Kerry Smith wasn’t concerned about the empty storefronts that surround his business when he opened – when he chose the location, he was aware that the city would be investing in South Street.
Smith opened Glens Falls Bagels in mid-November, but has already signed a new lease. The property at 58 through 66 South Street was recently purchased by business partners Gregg Singer and Larissa Ovit. Singer and Ovit are excited to be investing in South Street, and have been called “trendsetters”. Their investment is across the street from the mixed use event space, which is expected to bring people to the farmers’ market, community events, and concerts. Singer and Ovit plan to open a bar called the “Golden Monkey Lounge” and renovate the second level into four one-bedroom apartments.