44 Apartments plus commercial space on first two floors available to lease
Cutting the Ribbon at the Welman Building. Left to right: Assembly Andrew Goodell, Jamestown Mayor Sam Teresi, Senator Cathy Young, Developer Jon Williams, County Development Director Bill Daly, Gebbie Foundation Executive Director John Merino and developer Tony Raffa. (Photo by Jason Sample)
JAMESTOWN – Area residents and professionals who are looking for living space downtown now have a new location to consider. The ribbon was cut Wednesday afternoon to mark the completion of a $7.4 million renovation effort of the Wellman Building at the southwest corner of Third and Cherry Streets in Jamestown. Several officials were on hand to mark the occasion, including Jamestown Mayor Sam Teresi, State Senator Cathy Young and State Assemblyman Andy Goodell, who talked about the importance of the seeing the project completed.
Jamestown Mayor Sam Teresi (right) address the audience during the July 18, 2012 ribbon cutting at the Wellman Building. Assemblyman Andy Goodell and Senator Cathy Young look on. (Photo by Jason Sample)
Goodell said the apartments are also important because they provide a great opportunity for those who want to live downtown and enjoy all the amenities it has to offer.
“What we’ve seen over the last several years is a city going through its own renaissance,” Goodell said. “You’ve seen it with the facades. You’ve seen it with the parks. You’ve seen it with other buildings as well. What a great addition to that renaissance. As other city’s across the state are struggling to stay alive and their downtowns are becoming derelict, here in Jamestown we’re doing the opposite – we’re investing in the downtown, we’re moving forward with the downtown, and we’re building a future for the downtown.”
The historic Wellman Building at the southwest corner of Third and Cherry Streets in Jamestown. (Photo by Jason Sample)
Heading up the project was Developer Jon Williams from the Jamestown Development Company IV. Williams says it was great to see so many different agencies and organizations step forward to help assist with the redevelopment effort. In addition to the 44 apartments that are available for rent, the building also has commercial space available. The building already has several tenants, including the Gebbie Foundation as well as 25 percent of the apartments already leased out to renters.
The Wellman Building was originally built in the Renaissance Revival style in 1897. Prior to the renovation, much of the facility was unused for nearly 30 years. For more information about the project, visit www.wellmanbuilding.com.
Apartments are being rented on a square-foot basis. As a result, no two apartments have the same rental rate. Monthly rent for a one or two bedroom apartment ranges from about $400 to just under $1200, plus electric.
To make an appointment or tour the apartments, call 338-9809.
Editors Note: A complete recap of the ribbon grand opening of the building, along with an interview with developer Jon Williams, can be heard tonight during WRFA’s Community Matters program at 6 p.m.
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