CLAYTON The Buffalo-based Krog Corp., in partnership with Hart Hotels, will build a four-story luxury hotel on the waterfront Frink property.
Clayton officials determined today that Krogs $26 million project better fit their vision for the development of the former brownfield site than a local groups proposal to build a hotel/condominium.
Projected to have approximately 104 rooms, Krog and Hart Hotels Clayton Harbor Hotel will include 10 to 12 townhouses a restaurant/lounge; conference and banquet facilities and an indoor pool.
Krog has completed numerous mixed-use development projects in New York communities similar to Clayton, such as the $15 million Watkins Glen Harbor Hotel near Seneca Lake, built through a partnership with Hart Hotels.
Local officials were told the hotel would open in spring 2014 and generate roughly 90 full-time jobs.
In essence, Krog has been given a second chance to purchase the $2.1 million property facing the St. Lawrence River and complete the project in a timely manner.
Just two months ago, Clayton terminated its exclusive talks with Krog due to a lack of progress and disagreement over the price of the 8.4-acre Frink property.
Officials went back to square one and had been weighing their two options since October.
The other, local proposal by a Clayton Associates LP, called for an 89-unit hotel/condominium with a restaurant/lounge, banquet facilities, spa and heated outdoor pool.
It was a grassroots project initiated by a dozen local property owners who were concern that the Frink development wasnt going anywhere.
But in the end, Claytons Local Development Corp. and Town Council decided that Krog and Hart Hotels project had more to offer to the tourist-driven community.
More information regarding the proposed hotel project will be shared with the public in December or January.