When word came Tuesday that Watertown's Woolworth Building had been awarded a $2.5 Million grant from Albany, it was a combination of surprise, joy and relief.
The money will allow developer Michael Treanor to move ahead with a planned redevelopment of the now vacant store and office building. His plan is for a combination hotel/retail complex. Mr. Treanor has a track record of completing successful projects in Adams and Carthage and is currently renovating a vacant warehouse on Newell Street.
The project should get going in 2010 and save the historic building that was instrumental in the development of modern retailing.
City Council had designated the building as its top priority in the wake of the streetscape and infrastructure improvements done in recent years.
We appreciate the work done by many in advancing this project.