The once-stalled development project at the intersection of Exchange and North streets, known as the Gateway Parcel, is gaining momentum after receiving environmental clearance.
The project, reported on this weekend by the Finger Lakes Times, which initially promised the city’s second Dunkin’ location and an additional 1,400-square-feet of retail space, faced delays due to discovered site contamination.
With the property’s environmental concerns now addressed, the state Department of Environmental Conservation (DEC) has given the green light for development.
Massachusetts-based JFJ Holdings proposed the project. The initial $285,000 property sale, overseen by both the Geneva Industrial Development Agency and the Local Development Corp., was postponed pending a comprehensive environmental investigation. Following the DEC’s approval, negotiations between JFJ Holdings and the overseeing agencies have resumed.
The final sale should be complete by the end of 2023.
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