Over the years, Gossips has compared the development efforts for the Kaz site here in Hudson and One Monument Square in Troy. Those posts can be found here, here, and here. Troy has been trying since 2011 to redevelop the waterfront site where its mid-1970s concrete city hall was demolished in 2010. Hudson Development Corporation (HDC) has been "marketing" the Kaz site ever since the agency acquired it in 2010. Yesterday was a pretty big day for both projects.
Yesterday, the HDC Board voted unanimously to approve the purchase/sale agreement for the Kaz site, now known as the Montgomery Street parcel. Yesterday, too, the proposed design for the building to be constructed at One Monument Square was released. Below are the renderings at appeared in the Albany Business Review: "$60M design unveiled for Troy's One Monument Square."
The developer for the project is Hoboken Brownstone Company, and the design is by Syvertsen Rigosu Architects PLLC of Clifton Park. The proposal is for a six-story, mixed-use building and public plaza, with 22,000 square feet of commercial space and 90 apartments, with monthly rents from $1,500 to $2,500. It is anticipated that construction of the building will begin in 2023.
We in Hudson still don't know what is being contemplated for the former Kaz site.
COPYRIGHT 2021 CAROLE OSTERINK
Ironic that I popped onto Gossips for a report on the Legal meeting I didn't attend last night to find a rundown of the show I did see.ReplyDelete
I had the opportunity to attend the developer presentation in Troy- the building itself looks fine and the waterfront plaza is welcome, though all the audience had to look at was renderings, which seemed lovely, though as I hope people are aware are hardly illustrative of the final product. No mention was made of the forthcoming PILOT request and the financials were glossed over faster than the presenter's 'thank you's.
The audience acted like a crowd at a church tent revival (I was waiting for someone to start speaking in tongues) so I guess high-gloss works, especially when paired with an open bar and buffet options.