|The former Pioneer market|
The project, called Troy Kitchen, will open in the former Pioneer Market at 77 Congress Street -- in its last incarnation it was the short-lived Troy Food Co-op -- which Nelson is buying from Pioneer Bank. The short-lived food co-op closed in 2011. Nelson has received approval from the Troy Local Development Corporation for a $50,000 construction loan for what he terms a "gourmet food court" project. It would be repaid over two years at a 4.5% interest rate.
Nelson told the TLDC that four food purveyors and one coffee business, none of which have been made public, will locate in the facility. His originally-announced plan was for a similar development in a former Union National Bank building at 50 4th Street. Despite repeated inquiries about the status of that attempt, he had remained close mouthed until Friday's announcement.
Nelson's Congress Street application said, "Troy Kitchen is a gourmet food court [that] pairs food vendors, music, wine, and craft beer to create a unique dining and entertainment experience. Guests of Troy Kitchen will be able to select from 4 permanent food vendors, a coffee bar, and a variety of craft beers and wines."