HUDSON — The Galvan Foundation announced its newest project idea Thursday to create a hotel at 10-12 North 4th St. and 402-406 Warren St., spanning to Prison Alley. The foundation acquired the vacant buildings days ago.
The foundation plans to call the hotel the Hudson Public. It will have 30 rooms and ground-floor commercial space. The foundation does not know how many storefronts will be put in the commercial space, Galvan Vice President of Initiatives Dan Kent said Thursday.
The Hudson Public will not be exclusively a hotel but a residence for artists performing in Hudson, according to the foundation.
The space is currently vacant and uninhabitable, Kent said Thursday.
“Both of them are completely uninhabitable, gutted buildings, basically,” Kent said.
The foundation purchased the property from Richard Cohen, a local long-term owner of the buildings who was hoping to rehabilitate them but decided eventually to sell, Kent said.
The foundation has not received municipal board approvals and hopes to start presenting within the next few months, Kent said. He expects to need approval from the planning board and Historic Preservation Commission, and to request a payment in lieu of taxes for the project.
The project does not have a timeline yet and plans need to be created before the foundation seeks city approvals, Kent said.
The idea came in response to a “growing need for centrally located hospitality options, resulting from the city of Hudson’s Short-Term Rental Law,” according to the foundation.
The city enacted a law to regulate short-term rentals last year to free up apartments in the market for long-term residents.
The establishment will be among the first minority developed, owned and operated hospitality venues in the city, the foundation said in a statement, referencing its founder, T. Eric Galloway, who is Black.
“The Hudson Public will prioritize diverse and local hiring as well as commercial leasing,” according to the foundation.
Galvan Partners, LLC, will provide free planning and development services, according to the foundation. The foundation received scrutiny from members of the Hudson Common Council for using Galvan Partners, LLC, owned by Galloway, for construction work on its projects. Council members referenced the LLC as Galloway’s for-profit organization.
Kent said Thursday that while the LLC is not a nonprofit organization, it is funded by Galloway and does not generate profit.
“There are various reasons for having something structured as an LLC versus a nonprofit,” Kent said Thursday. “It (the LLC) doesn’t really hold any assets. It was essentially formed as an organization that purchased and rehabilitated properties in Hudson and it was used to donate properties to the Galvan Foundation.”