JAMESTOWN – Two local developers are hoping their effort to fix up a blighted home on the north side of Jamestown will encourage others to make similar investments in the community. Andrew Jarrett and Garrett Sell of Albatross Investments have put nearly $20,000 of their own money into a home at 16 Dewey Place to renovate it into a single family residence.
Jarrett said that fixing up the home not only improved the neighborhood, but also provides an affordable piece of property for a family looking to buy a home in Jamestown.
“This property was chosen because it was such an eyesore on the street,” Jarrett explained. “It was an opportunity for us to come in and restore this property to what it once was and also created a situation to allow a buyer to come in with a completely rehabbed and updated home.”
The two are now hoping that in addition to finding a family to purchase the home, they will also spur other area residents to invest in similar projects throughout the Jamestown area.
Chautauqua County legislator Lori Cornell, who at one time lived on the street, says the project illustrates that local developers can improve homes and neighborhoods at an affordable cost.
“I think that this project is an example of what we can achieve in the private sector. No government funding whatsoever was used to complete this project,” Cornell said. “Although flipping has become somewhat of a negative connotative word throughout the nation, I think it’s something we can achieve in Jamestown and do it in a positive light.”
To learn more about the home, call realtor Tony Benedetto at 484-2020.