Reporting an Update and a Comment

At the Hudson Industrial Development Agency (IDA) meeting this morning, it was reported that the closing with the IDA on 708 State Street, a.k.a. 76 North Seventh Street, the "workforce housing" component of the Depot District, had taken place on September 30. As Gossips reported, Baxter Construction has moved its trailer into place, and the groundbreaking for the building to be constructed on the east side of the street is expected to happen in near future.

Meanwhile, another round of funding has passed without the building proposed for the other side of the street getting the tax credit allocations needed for its construction. Funding went instead to projects in Queensbury and Schenectady. By Gossips count, this is the second time this project has lost out.

Talking about the status of several hotel projects ongoing in Hudson, Mike Tucker commented, "We're not over-hoteling with 400 units of Holiday Inn or Hampton Inn. They're all different price points. The next developer will have to show that they are serving a price point that may or may not have sufficient rooms . . . similar to what you might see with housing. . . .We really need to start to look at . . . when you add 708, when you add the Kearney projects, and you add back what's going on at Bliss Towers and the Housing Authority, where is the gap in units. It might not be that there needs to be more on the lower end. There might need to be more in the middle." Councilmember Ryan Wallace (Third Ward), who chairs the IDA, restated, "Market rate." 

The only market rate project of any significance that has been proposed for Hudson in living memory was that proposed for 11 Warren Street by Benchmark Development back in February 2021.

Any hope that this project might someday happen was dashed in August, when Galvan sold 11 Warren Street to Columbia County for use as offices and storage for the voting machines.

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