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GCEDC approves incentives for $22.5 million Ellicott Station development

Posted by admin at 2:00 PM on Nov 2, 2018

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20170120 Ellicott Station.jpgThe Genesee County Economic Development Center (GCEDC) approved incentives for the $22.5 million Ellicott Station development project at its board meeting on November 1, 2018.

The Ellicott Station project in the city of Batavia is a mixed-use brownfield redevelopment project including adaptive re-use and new construction of a 3.3-acre blighted property in a key gateway to downtown Batavia.

A revised, 30-year PILOT was requested by Savarino Companies, the developer of the project, to meet the financing needed for the project’s expanded scope and scale. Incentives are an estimated $3.25 million, including property tax abatements and sales and mortgage tax exemptions.

When fully developed, Ellicott Station will create 68 full-time equivalent jobs and will include the construction of a 99,000 sq. ft. of brewery, restaurant and beer garden, a 5-story apartment building with 55 apartments and class-A office space.

Ellicott Station will be one of the first major projects to contribute the Batavia Pathway to Prosperity, an innovation collaboration between the City of Batavia, Batavia City School District and Genesee County to aid redevelopment projects in Batavia.

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