"They need to move along the approval process for this to actually happen, the retailer is ready to go, but there is nothing particularly signed yet," said McQueen.
Gillen said the Route 50 area in Glenville is getting some good attention and activity lately. Also, the corner by the plaza is an important element to the town, he said.
"It is an important venue in Glenville, and so while we're working to rebuild the economy in the county we don't want that particular part of Glenville to be blighted," said Susan Savage, D-Niskayuna, chairwoman of the Schenectady County Legislature. "Kmart has sat vacant for too long, and I think we will have a great project in its place."
Savage said she is confident the project will help stimulate economy in the town, and Christopher Koetzle, supervisor for the Town of Glenville, agrees.
"I think that national retailer is going to attract more investment," said Koetzle. "I think it is an important piece of the redevelopment that is currently going on in Glenville."
He said there are still some empty lots near the Price Chopper Center and an old transmission oil center building just a few lots over. Also, there are some places on Freemans Bridge Road to look for investment, he said.
"Our focus is to help the small businesses succeed, and that is where we will try to leverage," said Koetzle. "I believe you could have a chain come in and help small businesses, because it brings more traffic into the town and brings more people into the town."
He said the town has a Ready Fund, which is a revitalization and economic development initiative that aims to help businesses grow, invest and improve.
Savage said there was a group a couple years ago interested in the site, but that proposal ultimately fell through due to the economic situation.
"I think this is another example of private industry reacting to a market," said Koetzle. "I think credit goes all around to everybody, but really when it all comes down to it, we just had the good fortune now that the time is right.""