The marketing of the apartments at Hudson Depot Lofts, 76 North Seventh Street, started in May 2025. A year later, Jacob Meglio, senior head of operations at Galvan, told the IDA (Industrial Development Agency) that "upwards of 50 percent" of the apartments had been leased.
For the past few months, there's been a sign on State Street announcing the availability of "luxury apartments" in the building.
At the IDA meeting on Monday, Jonathan Spampinato reported that the building was now 62.5 percent leased--that is, 40 of the 64 units are occupied, 24 are still available.
According to Zillow, 20 of the 24 available units are one-bedroom, with monthly rents ranging from $1,975 to $2,600. There are also three two-bedroom units renting for $2,750, $2,800, and $2,825, and one three-bedroom unit with a monthly rent of $3,500.
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Might anyone know the status of the parcel across the street next to the general fire station that was supposed to be the Galvan sister property?
ReplyDeleteCan that be used for any new housing?
Between that property and the City owned 604 Washington Street... and several other properties around town identified in the Hudson Housing Plan, it remains baffling why the Mill Street park and flood zone remains... in the eye of the storm.
Interesting question, HCS. The parcel was owned by Galvan and presumably, since 76 North Seventh Street was part of the gift to Bard, this parcel was, too. Why couldn't Kearney buy the lot from Bard and build something there? Although, if they were to do that, they should use the design proposed for this site instead of the design they created for Mill Street. The Galvan design for 75 North Seventh wasn't ideal, but it was a damn sight better than what Kearney was proposing for Mill Street.
DeleteInteresting. Bard team is reasonable.
DeleteCould they solve two of Hudson growing legal problems by selling land at a reasonable price to Kearney and / or HHA/MountCo. The city would save six figures in Article 78 legal fees every year for the next 5 years.
Most importantly; more housing faster.
If only Hudson employed someone capable, focused full time on housing, earning more than the elected mayor (959 votes), the Common Council President (1502 votes) and the Treasurer (1507 votes), who could convene all parties and have the state funding be allocated to projects on viable parcels (not in flood zone, not on unstable clay, not counter to the CC adopted Housing and Comprehensive Plan, that the Hudson Housing office managed).
Oh well.
https://www.hudsoncommonsense.com/2025electionscorecard
The 24 square foot sign, which is on the property adjacent to the Depot Lofts, is much larger than what the code allows (15 square feet). Not that Code Enforcement cares. Why would they?
ReplyDeleteOh yes, the Galvan Depot Faux Luxury Lofts, with their famed “luxury vinyl floors.”
ReplyDeleteOr simply put, “Kamal’s Kerfuffle.”
The IDA should claw back the tax breaks from this scam too. Send the bill down to Savannah, or wherever Galvan ran off to.