CEG Economic Development Week in Review July 17 – July 21, 2023
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
“Some 30 firms have requested construction packets as potential bidders for a proposed new Market Center on South Street in Glens Falls.
The 6,000-square-foot building would be at a currently vacant lot at 51-63 South St. where an Off Track Betting outlet was previously located.”
“The Albany County Land Bank is teaming up with a large developer of affordable housing to transform numerous vacant or run-down properties in Albany’s South End neighborhood into townhouses for rent.
The land bank is joining with MDG Development to redevelop approximately 39 parcels into 40 duplexes, triplexes and multifamily attached buildings — each two- to three-stories high — for a total of about 104 affordable units.”
“Backers of the Capital Region Aquatic Center have signed a letter of intent to lease more than 80,000 square feet at the ViaPort Rotterdam mall as the future home of a $36 million-plus swimming and diving complex that is projected to attract thousands of swimmers and inject more than $9 million into the local economy annually.
‘Repurposing part of the mall itself is exciting, but this will give us room for expansion,’ said Kara Haraden, president of the Capital Region Aquatic Center. ‘It will be an economic engine that will bring life back to that area.’”
“Specialty Sales LLC of Fresno, California, is targeting Native Development Associates’ 32-acre industrial park in Queensbury as the future home for its 25,000-square-foot Northeast regional office.
Native Development is proposing to build a $3.63 million plant off Carey Road, a mile west of Northway Exit 18, giving Specialty Sales access to a market with 450 dairy farms from Maine to Michigan. The building would be leased to Specialty Sales for 10 years.”