continued The second phase of the project, representing a $1.6 million investment, includes construction of a new building facing Union Street. This facility is planned to contain 14 apartments on three floors, with the ground level serving as retail space. The developers are hoping to start second phase construction in 2012.
“We are proud to be a part of a successful revitalization of this great City and we look forward to providing the city and its residents with a brand new residential living option that we believe will benefit Schenectady for years to come,” said Rosenstein in a statement.
County and city officials expressed gratitude for the investment into the community.
“This project continues the redevelopment of Downtown and provides additional housing options for new residents being hired by GE and other growing businesses in Schenectady County," said Judy Dagostino, chairwoman of the county legislature, in a prepared statement.