(Schenectady, NY)  The Schenectady County Legislature today announced that Schenectady County has closed on the sale of the former Department of Social Services (DSS) building located at 487 Nott Street in the City of Schenectady.  The County sold the building to the Schenectady County Industrial Development Agency (IDA) for $200,000.

“This is another great win for Schenectady County and a win for the taxpayers,” said Judy Dagostino, Chairwoman of the Schenectady County Legislature. “We thank our unified economic development team and the Galesi Group for finding a great new use for this building.”

The County IDA has approved a lease purchase agreement on the building with The Galesi Group, who plans to redevelop the building into corporate style apartments to attract employees of area businesses.  The Galesi Group will pay the IDA $200,000 to lease the facility with an option to purchase.   The developer has also applied to the federal government to list the property on the National Register of Historic Places as the building was once the Nott School dating back to 1875.

“This agreement will breathe new life into a deteriorating building and add to the continued redevelopment of this neighborhood,” Gary Hughes, Schenectady County Legislator and member of the County IDA.

The Galesi Group developed the nearby Golub Corporate Headquarters and is currently redeveloping the former Alco site in Schenectady. The company is headquartered in Rotterdam.

The building previously housed offices for the Department of Social Services.   In 2009 Schenectady County opened a new Human Services Building at 797 Broadway in Schenectady.  The new facility was the former Schenectady International Building and was redeveloped to allow Schenectady County to consolidate all the operations of the Department of Social Services under one roof resulting in increased efficiencies and enhanced services.

Work on the Nott Street property will begin next year after the process of getting the building listed on the historic register is completed.

Contact:
Joe McQueen
(518) 388-4772