Developers, city to apply for $950,000 for Lincoln Building

The owners of the Lincoln Building intend to seek up to $950,000 in state funding to kick start the next phase of renovations to the Public Square landmark. Photo by Justin Sorensen, Watertown Daily Times.

The owners of the Lincoln Building intend to seek up to $950,000 in state funding to kick start the next phase of renovations to the Public Square landmark. Photo by Justin Sorensen, Watertown Daily Times.

The owners of the Lincoln Building intend to seek up to $950,000 in state funding to kick start the next phase of renovations to the Public Square landmark. [Read more…]

May 2016 Cover Story: Economic Development

Securing a stronger future for the north country

COR Development’s Mercy Health Center Redevelopment project is set to begin its first phase of construction this summer on 30,000 square feet of commercial space and 108 apartments. Overall, the project will house 168 units and a community center on the grounds of the former Mercy Hospital in Watertown. Photo by Stephen Swofford, NNY Business.

COR Development’s Mercy Health Center Redevelopment project is set to begin its first phase of construction this summer on 30,000 square feet of commercial space and 108 apartments. Overall, the project will house 168 units and a community center on the grounds of the former Mercy Hospital in Watertown. Photo by Stephen Swofford, NNY Business.

Despite workforce challenges, regional economic development continues to power positive growth across Northern New York

By Karee Magee, NNY Business

A rural and historically challenged region where economic development was often stagnant, the Great Recession dealt a significant blow to New York’s north country as its counties saw a spike in unemployment and manufacturing jobs disappear, including about 600 from Jefferson County alone. [Read more…]

Murray acquires three more downtown properties

Brian Murray purchased 505 Washington St. in 2014 through a bank foreclosure. He has now purchased adjacent buildings at 513 and 531 Washington St. Photo by Amanda Morrison, Watertown Daily Times.

Brian Murray purchased 505 Washington St. in 2014 through a bank foreclosure. He has now purchased adjacent buildings at 513 and 531 Washington St. Photo by Amanda Morrison, Watertown Daily Times.

Local real estate developer Brian H. Murray has completed another property acquisition with the purchase of the four-story Rouse Building at 531 Washington St. [Read more…]

January 2016 Cover Story: Economic Outlook

Slow and steady
growth wins the race

OUTLOOK 2016 / MILITARY: A soldier salutes during the presentation of the colors last year in an activation ceremony for the 10th Mountain Division Divarty. As the post avoided major cuts in 2015, Fort Drum officials remain positive that 2016 will be a healthy year for one of region’s top economic sectors. Photo by Amanda Morrison, NNY Business.

OUTLOOK 2016 / MILITARY: A soldier salutes during the presentation of the colors last year in an activation ceremony for the 10th Mountain Division Divarty. As the post avoided major cuts in 2015, Fort Drum officials remain positive that 2016 will be a healthy year for one of region’s top economic sectors. Photo by Amanda Morrison, NNY Business.

Despite a few challenges, experts say the region is on pace for a positive year in 2016. Six sectors of the north country’s economy are ripe with opportunities for growth.

By Karee Magee, NNY Business

A grim fate cast a pall over the north country in early 2015, as federal budget sequestration threatened to cut up to 16,000 personnel from Fort Drum in an effort by the army to trim its active duty force from 490,000 to 450,000 by fiscal year 2017. [Read more…]

TOP Nails is latest addition at Arsenal Street plaza

Cici Le and Lyna Vo, co-owners of the new Top Nails Salon on Arsenal Street, pose for a photo in the massage/pedicure area of the salon. Photo by Stephen Swofford, Watertown Daily Times.

Cici Le and Lyna Vo, co-owners of the new Top Nails Salon on Arsenal Street, pose for a photo in the massage/pedicure area of the salon. Photo by Stephen Swofford, Watertown Daily Times.

WATERTOWN — As the latest addition to the Top of the Square Plaza, TOP Nails has set out to become the premiere salon in the city for manicures, pedicures, waxing and eyelash extensions. [Read more…]

October 2015 20 Questions: On Leadership

On leadership

Lessons and advice from north country leaders

Since NNY Business began publishing monthly in December 2010, we have featured a wide-ranging, in-depth interview with a different north country business or leader 11 times a year, skipping December for our 20 Under 40 emerging leaders issue. Our 54 featured interviews to date have not been limited to the for-profit sector. We’ve sat down with nonprofit and not-for-profit leaders, and educational and health care leaders. The 20 questions that follow are the best of leadership from nearly five years of interviews. [Read more…]

Watertown landlords restore old apartment buildings to compete with newer options

WATERTOWN — City landlords have made major renovations to multifamily houses during the past five years to compete with new housing stock built in the area. [Read more…]

First phase of Lincoln Building restoration to begin soon

A fence has been installed in front of the Lincoln Building in advance of work that’s scheduled to begin in the next few days. Photo by Amanda Morrison, Watertown Daily Times.

A fence has been installed in front of the Lincoln Building in advance of work that’s scheduled to begin in the next few days. Photo by Amanda Morrison, Watertown Daily Times.

WATERTOWN — Much-anticipated renovations will begin soon on the exterior of the now-empty Lincoln Building, the third major project that local officials say will change the downtown landscape forever. [Read more…]

Tenants line up as renovations complete at Arsenal Apartments

Brian Murray has converted the former Rodeway Inn at 652 Arsenal St. into mostly studio-sized apartments. Photo by Amanda Morrison, Watertown Daily Times.

Brian Murray has converted the former Rodeway Inn at 652 Arsenal St. into mostly studio-sized apartments. Photo by Amanda Morrison, Watertown Daily Times.

WATERTOWN — An open house Thursday afternoon at Arsenal Apartments, 652 Arsenal St., revealed that renovations to the building are complete and demand is high among local renters. [Read more…]

May 2015 Cover Story: Growth and Revitalization

Rising from the past for a better future

Mark Pelletier, project manager for COR Development, Fayetteville, stands atop the rubble of the former Mercy Hospital site. COR began an aggressive $65 million to $75 million redevelopment of the site in 2014. The project is on track for completion in 2016 or 2017. The finished product is slated to have 40,000 square feet of retail and office space and 160 to 200 apartments. COR plans to build the apartments first, with the commercial space to follow. Photo by Justin Sorensen, NNY Business.

Mark Pelletier, project manager for COR Development, Fayetteville, stands atop the rubble of the former Mercy Hospital site. COR began an aggressive $65 million to $75 million redevelopment of the site in 2014. The project is on track for completion in 2016 or 2017. The finished product is slated to have 40,000 square feet of retail and office space and 160 to 200 apartments. COR plans to build the apartments first, with the commercial space to follow. Photo by Justin Sorensen, NNY Business.

From Massena to Watertown, Ogdensburg to Lowville, efforts to revitalize urban centers take hold as public and private investment tops $250 million. Those involved say the north country is finally on a much brighter path since the 2008 recession battered the region.

By Lorna Oppedisano, NNY Business [Read more…]