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Old 09-25-2018, 09:24 PM
 
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Some information about the Mill Artisan District in Schenectady: https://regionalcouncils.ny.gov/cfa/project/235059
https://dailygazette.com/article/201...ict-take-shape
https://www.timesunion.com/news/arti...g-12273805.php
https://dailygazette.com/article/201...tisan-district
https://sunysccc.edu/News/ArtMID/470...tisan-District
https://www.timesunion.com/business/...y-13258148.php
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Old 09-26-2018, 10:53 AM
 
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Partial article about apartment building plans next to Wolff’s Biergarten in Troy: https://www.bizjournals.com/albany/n...iergarten.html
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Old 09-27-2018, 09:03 AM
 
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Saw something today about the city of Amsterdam getting a $10M grant to revitalize the downtown. Don't see how that's a good use of money since blight is that city's issue. The downtown is literally the smallest downtown I've ever seen. Will be interesting to see what they do with it.
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Old 09-27-2018, 10:41 AM
 
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Quote:
Originally Posted by MrJones17 View Post
Saw something today about the city of Amsterdam getting a $10M grant to revitalize the downtown. Don't see how that's a good use of money since blight is that city's issue. The downtown is literally the smallest downtown I've ever seen. Will be interesting to see what they do with it.
Along with Rome, that is a city where Urban Renewal did a number on its Downtown. It has an arterial and loop that cuts through the Downtown, that killed the original built form.


I'd say that the stretch of Route 5/East Main coming into the city from the East could use some revitalization. Its proximity to Schenectady and with Kirk Douglas' childhood home on that side of town, maybe it would be worth it.


Here is a segment on the grant: https://cbs6albany.com/news/local/am...lization-grant

Last edited by ckhthankgod; 09-27-2018 at 10:57 AM..
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Old 10-01-2018, 11:47 AM
 
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Downtown Albany wins $10 million state grant


Albany won a $10 million state grant to redevelop a portion of downtown near the Palace Theater — a busy gateway into the city with empty lots and run-down buildings but where there have been new investments in recent years.


The blocks connect downtown with the warehouse district to the north, an area that Mayor Kathy Sheehan said provides a crucial first impression to 23,000 drivers exiting Interstate 787 daily on Clinton Avenue.


"This is good for the entire Capital Region," Sheehan told local politicians and business people who were invited to Capital Repertory Theater for today's announcement by Lt. Gov. Kathy Hochul. "But it does feel good to win."


That was a reference to this being Albany's third attempt in three years to win the funding through Gov. Andrew Cuomo's Downtown Revitalization Initiative.


Albany lost in the previous two rounds of the regional competition to Glens Falls and Hudson. This time, Albany edged out two other finalists, Troy and Cohoes.


More than $280 million in projects have been proposed near the Palace Theater, and more than $80 million is underway within the one-third mile-long area dubbed "Clinton Square," according to the city's grant application.


Bounded by Colonie Street, Steuben Street, Interstate 787 and North Hawk Street, Clinton Square includes the Palace Theater, Albany Pump Station and former Kiernan Plaza, along with homes in the historic Ten Broeck Triangle in Arbor Hill.


Sheehan and her husband, Bob, bought a house last January for $77,000 at 18 First St. that's within the Clinton Square boundary lines, according to the map included in the city's application.


Sheehan's chief of staff, Brian Shea, said the mayor wouldn't benefit personally in any way from the grant funding.


Developments underway include an $18.5 million, 88-unit apartment complex being built on Broadway near the Leo O'Brien federal office building.


Across the street, construction of a large, mixed-use development called Quackenbush Square is months behind schedule after bids came in much higher than anticipated.


Both projects are among 28 in Clinton Square that are "primed and ready" for development, according to the grant application.


The Palace is in the midst of a $30 million fundraising campaign to expand the theater.


Capital Rep will be moving into a new $8 million theater inside a renovated building at 251 N. Pearl St.


Hochul was in Amsterdam on Wednesday to announce that city had won the $10 million grant, beating out competitors in the Mohawk Valley.


Winning the grant doesn't mean the money will start flowing quickly.


For instance, Cuomo announced the winners of the first round of funding in summer 2016, including Glens Falls, Oneonta and Elmira. But it took nearly a year for the state to approve an "investment plan" for each of the projects because consulting firms had to work with the municipalities to prioritize the projects.


The consultants cost the state $300,000, meaning each city's downtown will actually receive $9.7 million once the funds are distributed.


As in the previous two rounds, one downtown in each of 10 regions in the state will receive $10 million.


Cuomo was in New Rochelle this afternoon to announce the city was the winner in the Mid-Hudson Valley region.


In addition to Albany and New Rochelle, the other winners that have been announced are Auburn in central New York; Central Islip on Long Island; Saranac Lake in the Adirondacks; and Owego in the Southern Tier.


Source: https://www.bizjournals.com/albany/n...0-million.html
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Old 10-02-2018, 06:48 AM
 
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Quote:
Originally Posted by MrJones17 View Post
Saw something today about the city of Amsterdam getting a $10M grant to revitalize the downtown. Don't see how that's a good use of money since blight is that city's issue. The downtown is literally the smallest downtown I've ever seen. Will be interesting to see what they do with it.
Have they ever fixed the leaking sewer mains? They could use the money for that.
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Old 10-02-2018, 06:53 AM
 
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There are new opportunities on Quail and Sheridan streets. 12 buildings are gone and the lots will soon be available for redevelopment.

Two large fires in Albany, three people shot, Cuomo with large lead in Siena poll, concerns about sprawl in Saratoga County | All Over Albany

Another lot became available on Colonial Ave. a couple of days later.

https://cbs6albany.com/news/local/ho...olonial-avenue
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Old 10-02-2018, 09:24 AM
 
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New apartments open near Washington Park in Albany...


A new 30-unit, 40,000-square-foot apartment building has opened near Washington Park in Albany.


The Reserve at Park South, on Dana Avenue between Knox Street and New Scotland Avenue, is a short walk from Albany Medical Center, Stratton VA Medical Center, Albany Law School and other colleges.


Developer Ron Stein built the new apartments on a block with some condemned homes and vacant lots. Other sections of the Park South neighborhood, however, have been transformed over the past five years from a $110 million-plus redevelopment that includes medical offices, retail, apartments and a parking garage.


Check out the slideshow above to see inside the new one-bedroom apartments of the Reserve at Park South.


Source: https://www.bizjournals.com/albany/n...ghborhood.html


https://www.apartmentguide.com/apart...South/2341167/


Apartments nearby: Park South Apartments : Luxury Apartments near Albany Medical Center, Albany NY
https://www.google.com/maps/place/33...!4d-73.7739169






Also, from Troy...


Video game studio investing $630,000 into new downtown Troy offices


Guha and Karthik Bala are investing more than $630,000 into their video game studio's new offices in downtown Troy, New York.


The brothers started a new video game company, Velan Studios, in 2016 after exiting their first business, Vicarious Visions.


The new 7,600-square-foot office is spread across several buildings and floors on Third Street in Troy. The more than $600,000 investment includes fitting out that space, as well as new machinery and equipment. Empire State Development is providing up to $200,000 in a performance-based capital grant. The company plans to create at least 49 jobs over the next few years.


The studio has seen fast growth, and already sized out of its first office at 225 River St., next to the empty One Monument Square. That office accommodated 20 people. Velan Ventures employs 40 people now.


The new office, at 5 Third St. above Spill'n the Beans coffee house, has high ceilings, arched windows and classic moldings. The office was transformed from a former, neglected union hall into an office befitting one of the area's fastest growing tech startups.


The move gives the Bala brothers multiple floors and spaces to grow the business, with up to 10,000 square feet to lease. David Bryce owns the building, which is being renovated in phases.


Since starting the company in 2016, half of Guha and Karthik Bala's hires have been recruited from outside the Albany area, including Austin, Boston and parts of Europe. More than half of the employees are based in downtown Troy, walking distance to the office.


Velan Studios is focused on research and development of augmented reality, robotics, the integration of hardware and software and other emerging technologies in gaming and entertainment.
The studio is not ready to disclose current projects or partnerships.


Karthik and Guha Bala say there is potential to grow the area's video gaming industry, which employs about 450 people, to 3,000 people in the next 10 years. The region faces competition from places with better weather, such as southern California, and better tax benefits, such as those offered in Quebec and Austin, Texas.


They have been pushing for New York state to give digital media and gaming companies a 25 percent tax credit. It would be an extension of the film industry tax credit that offers $420 million a year in tax breaks for film and movie productions.


Source: https://www.bizjournals.com/albany/n...investing.html

Last edited by ckhthankgod; 10-02-2018 at 09:34 AM..
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Old 10-02-2018, 11:11 AM
 
69,412 posts, read 96,221,112 times
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Quote:
Originally Posted by ckhthankgod View Post
Along with Rome, that is a city where Urban Renewal did a number on its Downtown. It has an arterial and loop that cuts through the Downtown, that killed the original built form.


I'd say that the stretch of Route 5/East Main coming into the city from the East could use some revitalization. Its proximity to Schenectady and with Kirk Douglas' childhood home on that side of town, maybe it would be worth it.


Here is a segment on the grant: https://cbs6albany.com/news/local/am...lization-grant
A related article about a waterfront project that propelled Amsterdam in regards to winning the $10million grant: https://www.bizjournals.com/albany/n...mpetition.html
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Old 10-11-2018, 01:40 PM
 
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About the progress in the district: https://www.bizjournals.com/albany/n...kes-shape.html

https://www.bizjournals.com/albany/n...tml#g/442158/1
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