Sunday, February 25, 2018

The Acquisition of Hudson: When Will It End?

Gossips used to monitor diligently the acquisition of property by Eric Galloway, his various LLCs, and Galvan entities. That diligence has relaxed a bit in recent years, but word of two new acquisitions, either completed or in the works, has inspired a new inventory of properties in Hudson now owned by Galvan Initiatives Foundation, Galvan Asset Management (formerly Housing Resources of Columbia County), Galvan Civic I, and Hudson Collective Realty. The two new acquisitions--realized or soon to be--are 6 West Court Street and 502 Union Street.

What follows is a street-by-street list of all the properties owned by Galvan, as listed in the tax rolls, organized by street--some with annotations, some with links to relevant posts--with a few pictures here and there to break up the monotony.

Warren Street
11 (the former COARC building)
22 and 24
201-203 (once known as the Shrimp Box) 
202-204 (the location of Princeton Architectural Press)
260
317½ (the location of Foley & Cox)
346
364-366 (the location of Bard Early College and Hudson Home) 
412-416 (the C. H. Evans Mansion)
449 (the location of Olde Hudson and Aeble)
455-457 (the vacant lot at the corner of Fifth and Warren)

Union Street
9
21-23 (the vacant lot next to 25 Union Street)
25
27
1o2
104
105
113
119-123
201-203
209-211 (the birthplace of General William Jenkins Worth)
213
215 and 217-219 (these two properties and 216 Partition Street make up the site of the house allegedly built with the salvage from 900 Columbia Street)
223
229
238
251-253
255-259 (the location of Ör)
354-356
357
438
501-505 (formerly Apartments of Distinction)

Allen Street
26, 28, and 30 (one double house and the lot next to it)


55-61 (the Charles Alger House)
229
233-235
238
250-252
335-337


Galvan seems to favor the south side of town and has acquired several parcels on the numbered streets south of Warren.

South First Street
20 and 24 (the lots behind 102 and 104 Union)

South Second Street
34-36
68 (the Robert Taylor House)
The parcel that appears in the tax rolls as simply "Deer Aly" [sic] is the land extending east behind the Robert Taylor House.

South Third Street
40 (the location of the Salvation Army)

Hudson Avenue
The baseball diamond now known as Galvan Field.

Galvan Asset Management has taken possession of all the properties previously owned by Housing Resources of Columbia County, most of which are located on the north side of town. Galvan Initiatives Foundation has been acquiring additional property on the north side.

Columbia Street
252 (the office of Galvan Housing Resources)
538-540 and 542-544 (the location of Columbia Opportunities)
724 and 726 (what remains of the Gifford Foundry)

Galvan Initiatives Foundation also owns the vacant lot at the corner of Columbia and North Fourth street, which extends from Columbia Street to Long Alley. That parcel has the address 25 North Fourth Street.

State Street
227-235




237 and 239 (both vacant lots)
313
325
327
336
340
400 (formerly the Hudson Area Library)
618 (rear) 
Galvan tried to buy the house at the front of 618 State Street in the tax auction in November, but although the person bidding on behalf of Hudson Collective Realty, Jack Connor, made the winning bid, it was determined that he was ineligible to bid because he was the city judge.


620-624 (the original Hudson Orphan Asylum)
708 (the Hudson Upper Depot, the passenger station for the Hudson-Berkshire Railroad)


In the area of State and North Seventh streets, Galvan also owns 61-63 North Seventh Street, the original Canape Motors, purchased from Carmine Pierro in 2003, and 69-73 and 75 North Seventh Street, two houses purchased by Galvan Initiatives Foundation in 2014 and 2013 respectively. At the present time, there is only one property on North Seventh Street between State Street and the Hudson Central Fire Station that is not owned by Galvan.

Galvan, of course, owns the Hudson Armory at the corner of Fifth and State streets, now the location of the Hudson Area Library, and has been acquiring a number of houses on North Fifth Street and elsewhere in the vicinity of the armory.

North Fifth Street
20
25
61-65
67-71
72
76-78 

Prospect Avenue
449 (adjacent to the back yards of 61-65 and 67-71 North Fifth Street)

Short Street
59

Elsewhere on the north side, there are two properties on Robinson Street: 211 and 215. Former is owned by Galvan Initiatives Foundation, the latter by Galvan Asset Management.

There are two more parcels owned by Galvan Initiatives Foundation: 12 North Second Street, the lot behind 202-204 Warren Street, and 13 North Third Street, the rear of 260 Warren Street, and 17 North Third Street

The total number of parcels, not counting the two newest acquisitions, now stands at eighty-seven.

An Update--Months Later: Although in February, Gossips had it on very good authority that Galvan was buying 502 Union Street, we report on September 19, 2018, that the deal has since fallen through.
COPYRIGHT 2018 CAROLE OSTERINK

20 comments:

  1. That's so mind-blowing!

    And this is a very useful inventory.

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  2. And he is asking for money from the DRI.
    Outrageous.

    ReplyDelete
    Replies
    1. If the DRI grants him a dollar it has lost all respect.

      Delete
    2. Killing Hudson softly with Grantification...

      From 11,500 people in 1950 to 6,500 now.

      Delete
  3. Word has it that the newly acquired West Court Street property is in bad repair. It's going to need a ton of work.

    ReplyDelete
  4. Why am I not outraged by Eric Galloway's holdings. He's done a very decent job rehabilitating some of the worst Hudson buildings. He's done a brilliant job with the library and adjacent property. I've yet to see any praise for that project on this site but in fairness, maybe I missed it. 6 west court is a cute wreck. I trust, he'll do a better renovation than most.

    ReplyDelete
    Replies
    1. some have eyes yet cannot see

      Delete
    2. This ambition to own everything is unseemly and unworkable.

      Warehoused parcels suffer for lack of attention. My yard and garden are under attack from legions of invasive species creeping in from the neglected, Galvan-owned property next door. Soon, a garage will cave in and spill out onto the adjacent street, but has Galvan even noticed?

      What the City's laws prohibit - dangerous collapsing buildings - is given a pass. So if Code enforcement doesn't apply either, then Galvan's neighbors are right to factor into their resentment the influence of the powerful and callous over their own puny interests and properties.

      The whole story is UNSEEMLY: "Not in accord with accepted standards of decency or morality; not suited to the circumstances; inappropriate; unattractive; unsightly ..."

      And you're not outraged on my behalf? Thanks a load, old friend.

      Delete
  5. Here's another way of looking at it, from figures compiled by a member of the Housing Task Force:

    An important detail to recall is that there is no one "Galvan". It's misleading and confusing to speak of "Galvan" projects without knowing which entity is responsible for them. Some Galvan entities are non-profit/tax-exempt & mission driven, others aren't.
    Many of you know I've been assembling publicly available data on these various entities, their holdings, and their activities. So far, the list includes:

    Galvan Asset Management, Inc.
    14 properties, ~ $2,490,000 AV, ~45,988 square feet

    Galvan Civic I, Inc.
    3 properties (includes library), ~ $4,425,000 AV, ~ 55,643 square feet

    Galvan Initiatives Foundation
    61 properties, ~ $15,747,500 AV, ~226,878 square feet

    Hudson Collective Realty, LLC
    9 properties, ~ $1,647,500 AV, ~20,864 square feet

    TOTAL: 87 properties, ~ $24,310,000 AV, ~ 349,373 square feet.
    Please keep in mind these are preliminary numbers and will be updated as more data becomes available and is verified.

    There's also Lantern Community Services in NYC which I believe was founded by Mr. Galloway and began as a supportive housing organization. I'm unclear as to his current relationship with Lantern.

    Other "Galvan" entities have existed in the past and which have since been absorbed into those above. This includes properties from the acquisition of Housing Resources of Columbia County.

    But we passed a law not allowing a business with more than 3 locations in Hudson? And this one is a non-profit? About to sign a no-bid contract with the County to provide a homeless hotel -- for the people driven out of Hudson by all the properties left vacant by said non-profit. And our dear Economic Development Committee worries about Stewarts wanting improve its meager quarters?

    ReplyDelete
    Replies
    1. To follow up, another excerpt from the County's own 2016 "Housing Needs Assessment" (https://drive.google.com/file/d/0B5zVrDtWzGEnNmZ0Qm85X2oyTTZKVmFPVklwMlpjeWs1Unhr/view: "We spoke with Mr. James Male, real estate agent with House Hudson Valley Realty, about demand for rental
      housing in the Hudson area. Mr. Male reported that demand is highest for rental housing below $1,000 per
      month, and that most of his clients are looking for rental housing priced below $1,500 per month. Mr. Male
      finds that households able to afford rents above $1,500 per month are more likely to buy a home than to
      rent. He reports that there is not demand for rental housing targeting households in the higher income
      brackets for this reason. Mr. Male reported that the greatest challenge to affordable housing in the area is
      the lack of availability, as most existing potential rental housing is held vacant by an existing landlord who
      owns many properties that were once affordable housing units. Mr. Male reported that rental housing units
      that are rents for $1,000 per month or less are typically rented quickly and are very rarely available." So, the same guy who's causing rents to climb and making people homeless is also building homeless hotels? What's wrong with that picture?

      Delete
  6. There is no stopping this man and his wealth.

    ReplyDelete
    Replies
    1. You are, indeed, correct. Galvan Galloway etc are being funded by the heir -- Henry Van Ameringen- to the International Flavors and Fragrances fortune. so there it is. 24 million is the cost of one house in the Hamptons.

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  7. Of course we can stop this: our governing bodies simply have to enforce the laws. Take for instance, the rush by our County Supervisors to give Galloway/Galvan a contract to put up homeless people in his still unfinished Sunset Motel 5 miles outside of Hudson. State law requires competitive bidding for such contracts. State law requires that the County issue a "Request for Proposal" (RFP) before such contracts are consumated. Galloway/Galvan's holdings -- and its enormous "donations" to private interests -- are exactly why we have such laws; to protect the taxpayer from these self-dealing deals. How many of our supervisors have received such donations from Galloway/Galvan? These should be run-of-the-mill procedures taken by the County (and by extensions the DSS). Why is not taking them? The public should not have to demand that its public servants follow the law. But it's a sure sign of mischief when they go out of their way to avoid following the law.

    ReplyDelete
    Replies
    1. RICK SCALERA, BOARD OF SUPERVISOR MEMBER, IS ON THE BOARD OF THE GALVAN FOUNDATION. https://sites.google.com/a/galvanfoundation.org/www/board

      so, seems like its a close group.

      Delete
  8. He apparently has the BofS in the palm of his hand

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  9. One small correction.Yes, 13 N.3rd St was owned by Housing Resources of CC, now Galvan Initiatives Foundation, but 15 N.3rd St is across alley and behind Galloway's 260 Warren and Galloway will never ever own that house.

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  10. And you know what happened when Galvan took over (or took?) Housing Resources properties? In one building I'm familiar with, rents went up 30%. A few years ago, under HR a 2-bedroom went for $640; today, it's $1,017. And this is from someone who claims great tax deductions as a non-profit for providing low income housing.

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  11. The painful and unnecessary demise of Housing Resources was aided and abetted by elected officials, board members who were largely County employees who held management level positions, some bankers, and yes, members of the faith community.

    Generally, they opted to ignore front line employees, as well as ignore firetruck red, blinking, flashing warning signs accompanied by air horn sounds. Over and over again.

    Susan

    ReplyDelete