Residents of the Hamilton Hill neighborhood of Schenectady are getting a new grocery store and 171 units of new housing, officials announced Tuesday.
The Schenectady County Metroplex Development Authority, The Community Builders, Five Corners Development, New York state and Save A Lot are partnering to build the 17,250-square-foot grocery store on a 2.2-acre vacant parcel at 750 State St., which was formerly home to a car dealership. The Community Builders is lead developer for the estimated $115 million project.
“We have secured commitments through months of focused efforts to bring $115 million in new investment to Schenectady with a leading national housing developer and grocery store operator,” Metroplex Chair Ray Gillen said. “We are extremely thankful to all of our partners who have worked together to move this project forward.”
New “affordable and workforce housing” will be built nearby at Albany and State streets.
The Schenectady County Legislature owns 750 State St., having purchased it for $950,000. A $2.75 million Restore New York grant from Empire State Development helped demolish an existing structure at the site. The property requires remediation that will take place through 2027 and the New York State’s Brownfield Program.
Schenectady County is contributing $3 million in grant funding to support construction, and the new market could open by the spring of 2028.
Metroplex funding was used to take down nine vacant buildings on Albany Street.
“We are fulfilling our promise to bring a grocery store to the Hamilton Hill neighborhood as part of a larger development with new housing and greenspace,” Schenectady County Chair of the Legislature Gary Hughes said. “We are extremely grateful to Governor Kathy Hochul and state agencies that are working closely with us to make this project a reality.”