(January 11, 2019 – SCHENECTADY) – State and local officials joined Redburn Development Partners today to cut the ribbon and celebrate the official completion of The Fitzgerald Building – a 12-unit apartment building at 148 Clinton Street in the heart of Downtown Schenectady. The historic building has an eclectic past, serving as a temporary Schenectady City Hall, a business college and a bowling alley, and will once again be filled with life as the first residents move in over the coming weeks.
“We love bringing new residents into the heart of this great Downtown” said Jeff Buell, Principal, Redburn Development Partners. “Residents that bring feet to the street are what make the small business economy in a City like Schenectady thrive. The residents of The Fitzgerald will eat in Downtown restaurants, shop in Downtown stores and attend shows at Proctors and Bowtie Cinemas.”
The Fitzgerald Building redevelopment was made possible in part by an Empire State Development grant awarded through the Restore NY Communities Initiative; a grant from the Schenectady Metroplex Development Authority; and financing provided through SEFCU.
Empire State Development President, CEO and Commissioner Howard Zemsky said, “Projects like this are at the core of the Restore NY Communities Initiative: rehabilitating and transforming neglected properties to encourage new investments that revitalize communities.”
Ray Gillen, Chair of the Schenectady County Metroplex Development Authority said, “We thank Governor Cuomo and Empire State Development for awarding this project Restore NY funding which made this renovation possible. We also thank Redburn Development Partners for another great investment in our downtown. Redburn is helping us to rebuild and reimagine Schenectady.
The apartments at The Fitzgerald feature stainless steel appliances, 12-foot ceilings, large windows and historic details. Most units in the building are priced affordably under $1000 per month. Additional details can be found at www.thefitzgeraldbuilding.com.
Redburn Development Partners specializes in historic rehabilitations in Downtowns. The company, which merged with Sequence Development in 2018, has more than 500,000 square feet currently under development in the Capital Region and expects to invest more than $100 million in the next 18 months.