Mayor Robert Palmieri today announced Artspace is proposing the construction of live/work space for local artists to be located on Park Avenue. Artspace is the leading non-profit developer of live/work artist housing, artist studios, arts centers and arts-friendly businesses in the country. The proposed development will consist of approximately 40 residential units.
Earlier today, the City of Utica’s Urban Renewal Agency (URA) unanimously approved an option agreement with Artspace for two city properties (1018 & 1022 Park Avenue) which are necessary for the project. The final sale of the properties is contingent on approval by the Common Council.
The total investment of the project will be roughly $13 million. The project has secured $650,000 through the New York State Downtown Revitalization Initiative (DRI). A market study was conducted in 2017, and the findings showed a need for this type of housing. This project would not have been possible without the support of several partners, including The Community Foundation of Herkimer & Oneida Counties and National Grid.
Mayor Palmieri stated, “This is a great announcement as Artspace is a reputable developer of live/work space, and this project provides unique housing options for aspiring local artists. I thank the Artspace team, and all project partners, for investing in our community as this development will be an asset to the neighborhood.”
Artspace Director of Property Development Becky Carlson St. Clair stated, “Artspace is excited to move forward with this new site. Our projects are built for and reflective of the community that they are built and because of this, it is important that the community is supportive of the location. This new site provides all the same opportunities as the previous one as well as provides more flexibility on the design and has more potential to be transformational for the neighborhood.”
Stanley Theatre Board Vice President John Jadhon stated, “The Stanley congratulates the City of Utica, Mayor Palmieri and all their partners on yet another new development and this time it’s on our block! This Artspace project holds great promise for Utica’s arts community. With the time and creativity that Mayor Palmieri and all involved have put into the thoughtful design of the Artspace project, it will add growth, preserve parking and open spaces, and benefit all of downtown. The Stanley is excited to welcome the Artspace project to its new home.”