The Waterfront District is starting to enter its third phase, with construction of two new apartment buildings and a multi-level parking garage along River Street north of the Green Island Bridge.
The first phase was the restacking of Hedley Park Place office building. First Columbia worked hard at filling the 300,000 sq.ft. office property with a high quality tenant mix consisting of technology firms, government offices, education, healthcare and insurance companies as tenants. The building is currently at full occupancy. After the property was restacked with quality tenants/companies, First Columbia began the second phase in its Waterfront District redevelopment project. This phase consists of many new amenities added to the District and include; the newly completed Courtyard by Marriott hotel and the soon-to-open River Street Market food hall on the main floor of Hedley Park Place.
On Hedley’s ninth floor, Mazzone Hospitality plans a 10,000-square-foot event space, tentatively called The Loft at 433, with indoor and outdoor spaces and views of the Hudson Valley.
Now, with the first two phases in place, First Columbia is ready to start the third phase of the redevelopment master plan. First Columbia is working with the City of Troy Planning Dept. on the approval and construction of two new mixed-use apartment buildings and a multi-level parking garage
The first apartment building will consist of about 75 units, will go into the parking lot south of the Hedley Park Place office building at 433 River St., while the second, with about 36 units, will be built on the parking lot between the Flanigan Square office building and the Collar City Bridge. The parking garage structure will sit across from Hedley Park Place and will offer the area much more parking in order to create a welcoming atmosphere to visitors, residents, and business of the Waterfront District.