A renovation project for the former Sky Bar and Joyce’s Keg Room, located at 108 Fairmount Ave., Jamestown, received $187,500 in state funding last week. P-J photo by Dennis Phillips

The redevelopment of a building that was almost demolished has taken a significant step toward being renovated.

Last week, the state announced the Jamestown Renaissance Corp. (JRC) would be receiving $187,500 in funding for the Prendergast Landing project. The Prendergast Landing project is a proposal to renovate the former Sky Bar and Joyce’s Keg Room at the corner of Fairmount Avenue and West Eighth Street. The renovation project will be a mix-use development for the three-story building, with plans to have a cafe and retail space on the first floor, co-working space on the second floor and residential lofts on the third.

“We put this together in collaboration with the city’s Department of Development. Everybody worked together to make sure we were on the same page,” said Frank Besse, JRC urban core director. “We’re excited to receive the funding and we’ve been excited for this project for a while.”

Besse said the estimated total cost of the renovation project is about $1 million, with the hopes of receiving additional funding support. He said the cleaning out of the building has already started along with the creation of detailed architectural drawings.

The building at one point was set to be demolished for parking. However, Besse said a developer stepped forward to try and save the building.

“Before he came along there was no path to another use,” Besse said. “To save the building is an amazing thing. We are very fortunate to have the pieces come together at the right time so this building doesn’t get demoed.”

The funding appropriated for the project is part of the state’s Regional Economic Development Council program through the Consolidated Funding Application process.

This is not the only project in Jamestown receiving state funding. Last month, it was announced the city will also be receiving $1,280,661 for the Chadakoin River Basin project.

The project will fund enhancements along the Chadakoin River to increase public access to the water and spur economic activity in downtown Jamestown. Enhancements will include a signature garden, mural, tiered seating space, kayak launch, dock and welcome center for visitors.

Also, to improve navigation for boaters, obstacles will be removed from the Chadakoin River and navigation aids will be installed.

Last month, it was also announced the city would be receiving $99,000 for a Jamestown comprehensive plan, which will guide smart growth principles. The new plan will provide a roadmap to creating policies fostering the creation and enhancement of community assets and cultivating a viable economy.

In November, it was announced the Jamestown Center City Development Corp. would receive $450,000 for “The Zone” project, which is an indoor activities venue for children at Northwest Arena.

The project will create a new space for children focused on technology and play, and will encourage children to explore STEAM principles through physical activity.