518-377-9430
info@downtownschenectady.org
Facebook
Twitter
LinkedIn
Instagram
Downtown Schenectady Improvement Corporation
  • Home
  • Visit
    • Downtown Schenectady Attractions
    • Schenectady Parking
    • Transportation
    • Directions
    • Downtown Schenectady This Week
    • Discover Schenectady
  • Explore
    • Dining + Nightlife
    • Arts + Entertainment
    • Education + Museums
    • Health + Fitness
    • Shop Schenectady
    • Services
    • Schenectady Transportation
    • Lodging
    • Houses of Worship
  • News
  • About
    • What We Do
    • Our Staff
    • Job Opportunities
    • Our Board of Directors
    • Publications
    • Stakeholders
  • Support DSIC
  • Contact DSIC

Metroplex to Sell Two Broadway Buildings in Downtown Schenectady to Redburn Development Partners

January 16, 2019Jim Salengo

Schenectady, N.Y., January 16, 2019 — Metroplex today announced plans to sell two buildings located at 132 and 136 North Broadway in downtown Schenectady to Redburn Development Partners for $325,000. The developer will invest approximately $5 million to renovate the two vacant buildings creating a mixed-use development that will create 20+ apartments on upper floors and retail space on the first floor.

“We are thrilled to tackle yet another project in Downtown Schenectady,” said Jeff Buell, Principal, Redburn Development Partners. “We are seeing incredible momentum here, the retail shops are thriving, the restaurant scene is second to none, and with more and more apartments coming on line each month, there has been great movement in the connectivity and walkability downtown.”

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.

In Schenectady, the company has already invested more than $10 million to redevelop the Foster Block on State Street and the Fitzgerald Building on Clinton Street.

“Thank you Redburn Development for your continued investment in Schenectady County and plans to breathe new life into these deteriorating buildings with a long history in our downtown,” said Anthony Jasenski, Chair of the Schenectady County Legislature.

Mayor Gary McCarthy said; “The City took action on these two vacant buildings and we could not be more pleased with the outcome. Working with Metroplex, we now have a very successful developer moving forward with a renovation that will bring these two buildings back to life and put them back on the tax rolls.”

Ray Gillen, Metroplex Chair said, “Redburn did a fantastic job with both the Foster and Fitzgerald buildings. This project renovates two key buildings that were badly neglected. This is a major boost to downtown.”

136 North Broadway is a one-story building that is well suited for new retail space. 132 North Broadway is the former home of the Daily Gazette’s printing plant. The four-story building features a unique metal façade that will be renovated. The top three floors will be home to apartments while the first floor is used for retail space. At the ground level, the two buildings are connected allowing for multiple retail spaces.

136-132 North Broadway

-30-

Archives

  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • May 2015

Recent News

  • SCHUMER & CAPITAL DISTRICT TRANSPORTATION AUTHORITY ANNOUNCE GROUND BREAKING OF FIRST-OF-ITS-KIND SCHENECTADY GATEWAY MOBILITY HUB; ACROSS COVID RELIEF AND NEW INVESTMENT, SCHUMER DELIVERS UNPRECEDENTED OVER QUARTER OF A BILLION IN FED $$$ TO PAVE THE WAY FOR CAPITAL REGION’S TRANSPORTATION TRANSFORMATION April 26, 2022
  • Schenectady County CRC Moves Forward with Bond Issuance for Union College Campus Upgrades April 26, 2022
  • Swift Building in Downtown Schenectady Gets New Owner and New Tenants Historic Building will be Renovated April 20, 2022
  • VAN GOGH: THE IMMERSIVE EXPERIENCE COMING TO ARMORY STUDIOS IN DOWNTOWN SCHENECTADY April 13, 2022
  • Metroplex Provides Update on Wedgeway Building Progress April 13, 2022
© 2015 Downtown Schenectady Improvement Corporation Site Design by D2 Media Consultants, Inc.