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Ground Breaking Ceremony to be held at the Historic Kirkland Hotel
RUPCO closed on the financing with Key Bank and its subsidiary, Key Community Development Corporation and the City of Kingston transferred the deed of the Kirkland Hotel on August 10, 2006. The Kirkland Hotel is on the national and state register of historic places. The total development cost to return the historic Kirkland Hotel to its original grandeur is over $4 million dollars. Key Bank NA is providing more than $2 million in construction financing and $1.1 million in permanent financing for the project. In addition, Key Community Development Corporation will provide an equity investment in the historic tax credits in the amount of just over $700,000. The City of Kingston is providing secondary, permanent debt in the amount of $605,000 and RUPCO has raised over $1.2M in grant funding from various sources to complete the project. RUPCO is a member of NeighborWorks America. NeighborWorks America provided the first grant in the amount $150,000 and just recently, increased their grant contribution to $250,000. Other funding sources include Community Development Block Grant funds from the City of Kingston, NYS Environmental Protection Fund and the NYS Main Street Program, HUD’s Economic Development Initiative, USDA’s Rural Business Enterprise Grant, LISC and NYSERDA. The Historic Kirkland Hotel will feature nearly 6,000 sq. ft. of pub and restaurant space. The ground floor will offer a 2300 sq. ft. historic pub space with a restored, hand built wooden bar. The first floor restaurant will offer the largest dining room in uptown Kingston, seating 85. The wrap around porch will offer the potential of al fresco dining along Main Street. The upper floors will feature a mix of office space and rental housing. “It has been a lengthy process, but we are excited to be entering the construction phase,” stated Kevin O’Connor, RUPCO’s Executive Director. “Once complete the historic Kirkland Hotel will serve as a catalyst to expand the uptown business district, like our revitalization of the Stuyvesant Hotel did for Fair and John Streets in the early 1990’s.” The construction phase is expected to take one year and the building will be ready for occupancy by September 1, 2007. Mr. O’Connor continued, “Our vision for the building was a full, historic treatment combined with a natural re-use of the building that would maximize the public’s ability to come back into the building. Today we are building our vision” The Kirkland Hotel was constructed in 1899 and operated as a boarding house by Mrs. Margaret S. Conklin as proprietor until 1917. In 1922 owners Samuel and Alice Saulpaugh name the 75 room establishment The Kirkland Hotel and add a restaurant to the premises. In 1952 new owners Max and Ruth Brugmann open the Dutch Rathskeller restaurant in the basement and end hotel accommodations in 1968. Renovations bring the full width one story porch and domed cupola on the tower to an end in 1972 and in 1976 The Cleaver Steakhouse closes its doors, and is the last restaurant to occupy the space. Since 1983 the Kirkland has remained vacant. Commemorative architectural features are available for purchase including windows, stairs, porch rails, and elevator. If you interested in purchasing a commemorative architectural feature, please contact Jeanette Diers, Director of Development at 845.331.2140, ext. 307. Parties interested in leasing space should contact Kevin O’Connor at 845.331.2140, ext. 206. |
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