CEG Economic Development Week in Review April 1-April 5, 2024

Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on:

REGIONAL ECONOMIC DEVELOPMENT NEWS

New Queensbury apartments under construction to meet high demand

“A $3.355 million apartment development at 80 Main in Queensbury is finishing up construction for May move-in — one of several apartment projects under construction or proposed in the Warren County town.

80 Main is a 25,000-square-foot, three-story mixed-use building from developer Joe Leuci of Foothill Builders. The building is right off Exit 18 of the Northway, heading toward downtown Glens Falls. It includes 7,000 square feet of retail or office space on the ground floor. The two upper floors have 24 one- and two-bedroom apartments.”

Hyatt House proposed at Schenectady’s Mohawk Harbor

“Weeks after breaking ground on a new hockey arena at Mohawk Harbor, the Galesi Group has announced plans to construct a new 100-room hotel at the site.

The proposed Hyatt House hotel would include 75,000 square feet of space over five stories and would sit on the northside of the harbor, just east of the arena that is expected to open next year.”

Downtown Vitality Index: Who is winning the Covid-19 comeback?

“While the hybrid world has dealt a harsh blow to many downtowns across the nation, the lingering impact has been far from uniform.

That’s according to the latest Downtown Vitality Index from The Business Journals, which analyzed a variety of metrics affecting downtown activity across more than 40 major metros to determine which central business districts are best positioned for success.”

Regus opens its first Capital Region coworking space

“Regus, the world’s largest coworking company, has opened its first Albany region offices in Colonie.

The firm is leasing about 7,200 square feet on the third floor of 401 New Karner Road.”