Photo submitted An artist rendition of the Estee Senior Apartments.

Photo submitted
An artist rendition of the Estee Senior Apartments.

GLOVERSVILLE — Officials gathered Aug. 2 at the corner of Prospect Avenue and North Main Street to celebrate the groundbreaking of the Estee Senior Housing Project.
New York State Homes and Community Renewal joined Liberty Affordable Housing, Inc., partners and community leaders to mark construction of Estee Senior Apartments, 37 energy-efficient units of affordable senior housing. The project has an estimated completion date of Summer 2018.
According to HCR Commissioner RuthAnne Visnauskas, the development complements initiatives of the Mohawk Valley Regional Economic Development Council to grow the economy and create opportunities.
The three-story building at 90 North Main St. gets its name from the Estee School, which was built in 1916 and operated for 80 years before it closed. Vacant for 20 years, deterioration was too great for the building to be renovated. It was razed and the new building, which will architecturally resemble the old one, will occupy the site. Retailers, restaurants, medical offices, churches, a U.S. Post Office, public library and homes surround the development.
Gloversville Mayor Dayton King said he thinks the project is a great way to repurpose an unused building and grounds.
“The building was abandoned and we were able to find a developer to repurpose this space,” King said. “There are going to be 37 people living downtown, people who have families and friends and can spend money downtown.”
According to Mohawk Valley REDC Co-Chair Dr. Dustin Swanger, president of Fulton-Montgomery Community College, the project is a downtown revitalization initiative.
“The new global economy demands walkable communities, active and adaptable public spaces, appropriate architecture, concentrated development and incorporated historic building fabric,” said Swanger. “The Mohawk Valley REDC continues to prioritize supporting urban centers, including the City of Gloversville with their place-focused, people-led approach to downtown revitalization.”
New York State Homes and Community Renewal funding for the $9 million project includes: more than $465,000 of Low Income Housing Tax Credits, the sale of which will leverage about $4.6 million of private investor equity and a $400,000 federal grant awarded to the City of Gloversville.
In addition, a $3.7 million grant was awarded by the Local Initiatives Support Corporation through funds generated by settlements between the New York State Attorney General and banks stemming from the mortgage foreclosure crisis; a $250,000 grant from the Dormitory Authority of the State of New York’s Economic Development Assistance Program and a $38,000 grant from the New York State Energy Research and Development Authority.
“We are proud to be part of the City’s vision for the future and it is our hope these 37 units of quality affordable housing for seniors will spark continued revitalization of this Downtown Gloversville Historic District,” Jessica Scialdo, President and Chairperson of the Liberty Affordable Housing, Inc., Board of Directors said.