Erie Trustco Revitalization

RASPP LLC/Hudson Partners Development will redevelop the long-vacant, 70,000 square foot former Trustco building located at 192 Erie Boulevard in downtown Schenectady, creating 26,000 square feet of commercial high-tech office space and 36 market rate apartments. The property is one of many that have plagued this section of downtown, contrasting starkly with the significant public and private investment and revitalization occurring just blocks away. The proposed project location is in the City’s downtown core, and is within walking distance to Proctors Theatre and key educational and transportation hubs (SCCC, Union College, Amtrak, Greyhound Bus Stations, CDTA Electric City Trolley and CDA/CDPHP sponsored Bike Share). Expected outcomes include the improvement of a blighted property, increased tax base, employment opportunities, and further revitalization of Downtown Schenectady and Erie Boulevard.
Program Name:
Empire State Development Grant Funds
Agency ID:
ESD
Applicant Name:
192 Erie Blvd LLC
Region:
Capital District
CFA Number:
83885
Round Number:
8
Round Key:
8
CFA Award Amount:
$363,000
Grant Money Disbursed to Date:
$0

Project Status:
GREEN
Anticipated Completion Date:
 
PROJECT STATUSES
Blue - Complete Green - On Schedule Yellow - Progressing Slowly Red - Concerns Pending Orange - Contract Not Executed Black - Cancelled/Declined