July 18, 2012
Schenectady – The Schenectady County Metroplex Development Authority today began the process of selling an almost one-acre site in downtown Schenectady to Hodorowski Homes. The company plans to construct a three story, 25,500 square foot building on the site including 16 upscale apartments and ground floor retail space investing more than $3 million in downtown Schenectady.
The site is located at the corner of Broadway and Hamilton Street across from Villa Italia.
The New York State Public Authorities Law requires a 90 day notice period that public authorities must adhere to before they sell or dispose of property. As required by law, Metroplex obtained an appraisal of the site showing a value of $97,500. Hodorowski Homes will pay Metroplex the full value of $97,500 for the site.
Hodorowski Homes was founded by John Hodorowski Sr. in 1971. The company is headquartered in Rotterdam and is still family owned and operated with Paul Hodorowski and John Luke Hodorowski acting as co-presidents. The firm acts as both developer and builder and is widely recognized to be one of the most active and successful home builders in the Capital Region. Some of the company?s developments include: Travers Meadow near Saratoga; Twenty West in Guilderland; Admirals? Walk in Cohoes, and Vly Pointe in Niskayuna. The company has successfully built almost 3,000 housing units.
The project includes a new three-story building with upscale apartments on two floors with the first floor reserved for retail.