SCHENECTADY, N.Y. (NEWS10) – The Capital Region Land Bank and the City of Schenectady have announced plans to demolish a blighted “Zombie” property at 738 Albany Street as more than $40 million in planned construction projects move forward on Albany Street and in the Hamilton Hill Neighborhood.
Mayor Gary R. McCarthy said, “We are very pleased to get rid of this blighted building at the gateway to Albany Street. The City has condemned this structure and we have demolition bids in process so we will be knocking down this building as quickly as possible. We are grateful for the cooperation of the Land Bank who will fund this demolition so that we can clean up this key entryway to Albany Street and the Hamilton Hill neighborhood.”
Demolition at 738 Albany Street will take place in November.
One block up on Albany Street, work is slated to start later this year on the new $17 million Joseph L. Allen Apartments to be built by DePaul Properties based in Rochester. The new three-story, 52,000 square foot building will feature 51 new apartments. The building is being named after the late Joseph L. Allen, a long-time civic leader from Hamilton Hill and a former City Councilman.