For Immediate Release
October 13, 2016
Media Contact: Charles Wiff
(518) 326-6400 or (607) 743-8314
Groundbreaking Celebration Marks the Start of Construction
on Harbor Center, a $27 Million mixed use complex, at
Schenectady’s Mohawk Harbor
Nearly 100,000 square feet of retail and office space over two buildings is latest
milestone in $480 million mixed use development by the Galesi Group
SCHENECTADY – The Galesi Group held a groundbreaking celebration today to commemorate the start of construction on Harbor Center, a nearly 100,000 square foot office and retail complex at Schenectady’s Mohawk Harbor. The ceremony was held at the Harbor Center site, which is part of the $480 million Mohawk Harbor mixed-use development.
Today’s ceremony brought together Galesi Group representatives, as well as city, county, and state officials, members of the Capital Region business community and Schenectady residents, to celebrate the most recent milestone for one of the most anticipated developments in the Capital Region.
Mohawk Harbor is a $480 million, 1.4 million-square-foot planned community that integrates luxury living, high-tech office space, hotels, restaurants and retail along one mile of the Mohawk River.
Located at the entrance of Mohawk Harbor, Harbor Center is a $27 million office and retail complex comprised of two buildings. One Harbor Center is a 39,000-square-foot building with 13,000 square feet of retail space and 26,000 square feet of office space. Two Harbor Center is a 65,845 square foot building with 21,820 square feet of retail space with 44,025 square feet of office space. The complex shares underground parking for 288 cars and 226 surface parking spaces. Harbor Center is expected to be completed by the end of 2017.
Construction of Harbor Center is occurring in tandem with The Riverhouse, a 206-unit apartment building with approximately 47,000 square feet of retail along the promenade overlooking Mohawk Harbor. Adjacent to Harbor Center is the soon-to-open 124-room Courtyard Marriott Schenectady Hotel. Harbor Center is also located near the $330 million Rivers Casino & Resort, currently slated for an early 2017 opening.
“Schenectady is yet another example of Upstate New York’s revival under this Governor, and there are few better testaments to this than the Mohawk Harbor project,” said Lieutenant Governor Kathy Hochul. “The Harbor Center will complement the new casino, hotel and apartments, opening the door for new businesses and jobs and will be a place where people can live, work and play.”
“Construction at Mohawk Harbor is in full swing, and today’s groundbreaking marks a significant step forward in this tremendous undertaking,” said Dave Buicko, Chief Executive Officer of Galesi Group. “Mohawk Harbor is a one-of-a-kind landmark on the historic Erie Canal, and a premier place to live, work and play. And Harbor Center is the latest initiative to bring jobs into Schenectady, a goal Galesi Group has been working towards for years with aggressive, quality commercial development downtown and elsewhere.”
“Mohawk Harbor was once home to the American Locomotive Company, which brought prosperity to Schenectady for years. With this massive private investment underway, we are excited about Schenectady’s future,” said Schenectady Mayor Gary McCarthy. “I applaud Galesi Group for its continued investment in the City of Schenectady, and look forward to seeing even more jobs come to Schenectady at Harbor Center.”
“Congratulations to the Galesi Group for taking another step forward in the complete transformation of a long vacant brownfield and eyesore into the new Mohawk Harbor,” said Anthony Jasenski, Chairman of the Schenectady County Legislature. “We cannot thank them enough for their commitment and investment in Schenectady County.”
For almost 50 years, Galesi Group has made a commitment investing in the Capital Region, its infrastructure, and its people. Since 1969, Galesi has established itself as one of the Northeast’s leading real estate developers with a portfolio in excess of 11 million square feet of industrial, commercial and residential properties.
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About the Galesi Group – Headquartered in Schenectady, NY, the Galesi Group has established itself as one of the largest Commercial Real Estate Development firms in New York State. Since 1969, the Galesi Group has committed to the growth and development of Upstate New York. During this course, Galesi has tackled complex commercial office projects both locally and on a national level with its current real estate holdings totaling eleven million square feet of industrial, office, medical, and residential space. In addition to Galesi’s diverse real estate portfolio, the Galesi Group of companies is active in third party logistics and oil and gas. For more information, see www.galesi.com.
About Mohawk Harbor – Mohawk Harbor is a 60-acre master planned community that integrates luxury living, high-tech offices, hotels, restaurants, and retail along one mile of the Mohawk River. When complete, Mohawk Harbor will consist of over 1.4 million square feet, including 206 apartments, 50 condominiums, 24 townhouses, 2 hotels, 100,000 square feet of harbor side retail/dining, 70,000 square feet of Class A Office space, and one of New York State’s first licensed casinos, Rivers Casino & Resort. This pedestrian friendly waterfront development will create public access to the water for boating and recreation and offer community areas with outdoor seating, landscaped green space, and a direct link to the Mohawk Hudson Hike-Bike Trail.