Metroplex Moves Forward with $3 Million Project More Upscale Housing Planned for Downtown Schenectady

By | July 18th, 2012|News|

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.

Socha promotes new project, hopes for fall startup approval

By | June 6th, 2012|News|

GLENVILLE ? Glenville planning officials received their first look at a proposed mixed-use project from the developer of Socha Plaza, whose architect said he hopes it "raises the bar" for the town. Owner William Socha is planning a 60,000-square-foot commercial and residential building on a nearly 10-acre property between Socha Plaza and Socha Plaza South on the west side of Route 50. The three-story, L-shaped structure would have retail and restaurants on the first floor, office space on the second and about 17 apartments on the third floor. Socha told the Planning and Zoning Commission Monday that his existing commercial property is 100 percent full and his residential units are 98 percent full. With favorable interest rates and the other commercial activity in town, such as the new Target under construction, now is the time to develop this property, which he purchased 20 years ago, he said. "It's great to be back and finally be finishing off this site."

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