Jamestown Brewing Co. Approved For Loan
If all things go as planned, the Jamestown Brewing Company will be opening along Third Street in downtown Jamestown this year.
On Tuesday, the Jamestown Local Development Corporation approved a $180,000 jobs and private investment loan for the Jamestown Brewing Company. Vince DeJoy, city development director, said the total project costs for the microbrewery and restaurant is projected to be $1 million. The JLDC loan is for seven years at 4 percent interest. DeJoy said the Chautauqua County Industrial Development Agency has also approved a $100,000 loan for 10 years at 4 percent interest for the project.
The Greater Jamestown Zone Capital Corporation will also be considering a $50,000 loan for 10 years at 4 percent interest for the project as well.
DeJoy said the microbrewery and restaurant business is being developed by a father-son team, John McLellan Sr. and Jr. As part of the project, the building is being purchased by George Patti of GPatti Brew. Currently, the Jamestown Renaissance Corporation is located at the Lillian V. Ney Renaissance Center, which is the future location of the Jamestown Brewing Company. The building will be transformed into a three-floor brewery and restaurant, which will serve pub food and high-end menu items, and beer distributed in the form of growlers and kegs.
The total project, which includes starting the business and acquiring the building, will total $4,835,760. Financing for the project also includes a $1 million request for state Downtown Revitalization Initiative funding and a $475,000 state Main Street grant that was awarded through the Regional Economic Development Council program in December 2015.
DeJoy said the restaurant will seat 280 guest in five different areas. The ground level will hold 104 seats for dining, with an additional 18 at the bar. Two tasting areas, one at the bar and another around the brewery viewing area, will also hold 18 seats. The mezzanine level will be a three-season dining area that will seat 140 guests.
The third floor level will have a banquet facility to be operational by the second year of the Jamestown Brewing Company. The banquet area, which is being designed into two sections, will hold a total of 280 guests. An outdoor patio decking system has also been proposed, which will increasing seating by an additional 100 guests.
DeJoy said, initially, there will be 24 employees, with eight full-time workers and 16 part-time. Projected income for the first full year of the business is expected to be $2.1 million, with projections being $3.6 million in 2019 and $4.4 million in 2020. He said the business already has hired a brew master and executive head chef.
McLellan Jr. said the business will be open from 11 a.m. to midnight during weekdays and 11-2 a.m. on the weekends. He said they will serve 12 types of beer, with eight full-time and four seasonal. He added that visitors will be able to see the brewing operation from the restaurant. McLellan Jr. said they would like to open the microbrewery and restaurant by October.