WATERTOWN — A Syracuse developer is interested in redeveloping the Globe building that has sat vacant for years.
Daniel Queri, owner of Queri Development Co., is eyeing the former minimall building for 13 or 14 market-rate apartments on the second floor and about 14,000 square feet of commercial space on the ground floor.
He’s in the process of purchasing the 42,000-square-foot cavernous structure at 302 Court St., once the home of a minimall.
City Council members plan to talk about the project on Monday night when they consider helping the developer apply for a Restore New York grant.
“It’s just a critical building to get redeveloped and bring back for the city of Watertown,” Mr. Queri said Friday.
City Manager Kenneth A. Mix said the city can submit plans for the building’s redevelopment under the “special project category” for the Restore New York grant because “it would make a big impact on the centralized business district.”
Mr. Queri is now “focused on doing diligence” on the building, making sure that it’s in good condition for redevelopment and finding out more about its history, he said.
He would purchase the building from current owner Court Street Globe LLC, which is owned by local businessman Dick Alexander, who was involved in the local hotel industry.
According to documents submitted to the city, a new company, 5G Real Estate Group LLC, would invest between $3 million and $3.25 million in the Globe project.
If all goes well, construction would begin in late 2023 or early 2024.
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