At last night's meeting of the Hudson Housing Authority (HHA) Board of Commissioners, Eu Ting-Zambuto, from Mountco, HHA's development partner, presented a revised redevelopment plan. The revisions are cost-saving measures that affect the building proposed for the north side of State Street.
As originally proposed, this was to be a two-part building. The two parts were to be of different heights--one seven stories, the other five stories. One part was to be set back farther from the street than the other. There was also to be subsurface parking under one of these buildings.
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In the revised plan presented last night, there would be a single five-story building, with no underground parking, situated closer to State Street. Parking, which would be outside, would be located north and west of the building. According to Ting-Zambuto, there would be sufficient parking, so that "almost every household would have a parking space."
The revisions require that the apartments be smaller. Ting-Zambuto explained that originally a one-bedroom apartment was to be 725 square feet but would now be 670 square feet. Nick Zachos, who serves on the Board of Commissioners, asked for a comparison of the size of the apartments in Bliss Towers with the size of the proposed apartments. Ting-Zambuto said the plan was to "go a little heavier on two- and three-bedroom apartments than on one-bedroom apartments" and told the board she would come back next month with more information about number of apartments of each type and sizes.
For comparison, one-bedroom apartments now being advertised in Hudson Depot Lofts, categorized as "workforce housing," range from 597 to 737 square feet. It was reported in the Albany Business Review today that Redburn Development plans to convert two former Russell Sage College buildings in Troy into market rate apartments that would average 500 square feet and lease for $1,000 to $1,200 a month.
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