9 First Street is a historic spot in the City of Troy poised to take part in a modern movement -- the rapid expansion of the restaurant segment that is sparking much of the city's current renaissance. The renovated four-story building, built in 1864 as William Young’s bookstore and bindery, is a 6,100-square-foot structure of brownstone and cast iron. It has been vacant since 1996 when the city's Code Enforcement bureau ordered it closed due to unsafe conditions.
On Friday, the owners of the Slidin' Dirty food truck, Tim and Brooke Tanney, revealed they will open a restaurant on the first floor as well as maintain the truck operation they started in March 2012. An opening late this year is projected. No name has been announced for the restaurant, and its theme is not yet known.
Last year, CEO Jeffrey Buell and his company Sequence Development purchased the structure -- located just off River Street next to the Rice Building -- for $10,000 from the Troy Local Development Corporation (TLDC), a community improvement nonprofit that provides financial assistance for construction, acquisition and rehabilitation projects in the city. Buell, who worked in the administration of Mayor Harry Tutunjian, is supported by new chief operating officer Elizabeth Young Jojo, former director of the Troy Downtown Business Improvement District.
“Everyone that looked at this building prior to our purchase deemed it too far gone or not worth the effort,” Buell said in a statement Friday during an open house. “We rejected that concept and want to challenge people to think differently. The urban cores of our cities are what grew this country. It is history that cannot be replaced. Just because a building is covered in dust, falling apart at the seams, and collapsed upon itself doesn’t mean it can’t be saved. It just requires hard work, creative thinking, and a willingness to go the extra mile.”
The third and fourth floors include a pair of 1,350-square-foot, two-story duplex apartments featuring exposed brick and beams, quartz counter tops, recessed lighting, washers and dryers, and forced hot air heating with central air cooling. Rent is $1,750 per month. The second floor is a loft-style flex space expected to be occupied by August.
Sequence Development also is in the process of a $2.4 million rehab of a block of three buildings across from 9 First Street on the corner of First and State (16 First Street). Those units will be available for rent this fall. Other Sequence projects include 1 Monument Square (construction of two new mixed-use buildings); new student housing developments for Hudson Valley Community College, and redevelopment of 160,000 square feet of space for Clarkson University in Potsdam. The company was formed in 2012.