SCHENECTADY — A developer is proposing to demolish a small office building across Lafayette Street from police headquarters and replace it with a five-story building.
The 46-unit building would include indoor parking and a rooftop terrace. The proposal will be presented to the Schenectady Planning Commission at its April 20 meeting.
If completed, the project would be Rosenblum Group’s second major residential development in the immediate area.
The first was the former Annie Schaffer Senior Center, 700 feet on Nott Terrace, which Rosenblum purchased from the city in 2017. After extensive renovations, the building on the corner of Nott Terrace and Eastern Avenue began its second life in 2019 as 27 -an apartment building named The Nott.
The new apartment building at 31 Lafayette St. would be called The Lafayette.
The Schenectady County Metroplex Development Authority worked with Rosenblum on The Nott and worked with her on this latest proposal. The assistance was non-monetary on The Nott, but Metroplex is considering a $150,000 grant to help pay for the demolition, according to chairman Ray Gillen.
The board will vote on the grant at its May meeting.
The existing building at the corner of Lafayette and Liberty streets previously housed a printing press and then an advertising agency.
It is fitted out as Class B and Class C office space, which is in very low demand, and it is not configured in such a way as to lend itself to adaptive reuse like the successful conversions of several other buildings in the center -city of Schenectady.
Thus, the 22,461 square foot structure built in 1981 is targeted for demolition.
Rosenblum has a strong track record and The Nott has had a positive impact on downtown Schenectady, Gillen said, and he’s excited about this next project.
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