Watertown city council members decided to back a project to restore the Dr. Guitar and former Smith Restaurant Supply buildings on Court Street.
It's one of three projects in downtown Watertown eligible for grant money under Restore NY.
The program allows a local developer to apply for up to $1million, as long as there's a 10 percent commitment of local funding.
The Court Street project is spearheaded by local businessman Steve Bradley.
"Court Street is at that moment right now where I thinks it's turning a corner -- all the projects, all the progress is happening right there," council member Mark Walczyk said.
"I'm tremendously impressed by your endurance and your ambition and glad for your investment in downtown Watertown," Walczyk told Bradley.
Bradley has restored a number of other structures on Court Street, most recently the old Berow and Monroe building.