- Author (19)
- Business (58)
- Events (54)
- Features (98)
- News (49)
- peak oil (9)
- Troy NY (73)
- #TroyCrazy (13)
- March 2017 (1)
- May 2016 (1)
- April 2015 (1)
- March 2015 (3)
- February 2015 (3)
- January 2015 (1)
- December 2014 (2)
- November 2014 (2)
- October 2014 (2)
- September 2014 (4)
- August 2014 (2)
- July 2014 (3)
- June 2014 (5)
- May 2014 (2)
- April 2014 (3)
- March 2014 (3)
- February 2014 (3)
- January 2014 (3)
- December 2013 (2)
- October 2013 (1)
- September 2013 (3)
- August 2013 (1)
- July 2013 (2)
- June 2013 (1)
- May 2013 (2)
- March 2013 (2)
- January 2013 (3)
- December 2012 (2)
- October 2012 (1)
- September 2012 (1)
- April 2012 (2)
- March 2012 (2)
- February 2012 (1)
- December 2011 (1)
- November 2011 (1)
- October 2011 (2)
- August 2011 (1)
- July 2011 (1)
- March 2011 (1)
- February 2011 (1)
- January 2011 (2)
- November 2010 (1)
- September 2010 (2)
- July 2010 (1)
- June 2010 (1)
- April 2010 (1)
- March 2010 (1)
- February 2010 (2)
- January 2010 (1)
- December 2009 (1)
- November 2009 (3)
- September 2009 (1)
- August 2009 (2)
- July 2009 (3)
- April 2009 (2)
- March 2009 (1)
- February 2009 (1)
References & Testimonials
March 25, 2013
For Immediate Release
Contact: Vic Christopher, 917-693-7430 email@example.com
Heather LaVine, 301-466-0309 firstname.lastname@example.org
Troy Couple Saving Downtown’s “Most Endangered” Building
Historic Clark House at 207 Broadway to be Preserved
TROY, N.Y. (03/25/13) — One of the most endangered buildings in downtown Troy has been spared from the wrecking ball.
On Friday, Heather LaVine and Vic Christopher purchased 207 Broadway with plans to stabilize the building and return street-level retail. The upper floors will be mothballed while the couple meets with residential developers.
“Right now it’s an eyesore. But this is a beautiful building in the heart of downtown,” said Christopher. “And it would have been knocked down for a parking lot if someone didn’t step in to save it.”
Last year, the husband-and-wife team purchased and rehabbed 12 Second St. in Troy, where they opened the Charles F. Lucas Confectionery & Wine Bar in November. The rear corners of 12 Second St. and 207 Broadway are adjacent, and plans include connecting the wine bar to the new property via a shared garden walkway.
“People say we’re crazy for doing this, but we know this is hard work. And it make sense for us,” LaVine said. “Right now we’re turning away business because we don’t have the space. 207 allows us to create event space and open up additional retail opportunities in our neighborhood. We’d be crazy not to do this.”
THE CLARK HOUSE
The four-story, 10,900 square-foot building at 207 Broadway was constructed in 1876. It was once home to a boarding house and hotel, known as “The Clark House,” which featured many industrial, manufacturing and retail tenants through the years. From 1934 until 1979 the building was home to “The Tavern,” a popular Troy restaurant. The building’s sole remaining tenant is Broadway News, which has operated continuously since 1934.
While the property has a rich history and historical significance, deterioration and neglect have resulted in serious structural issues. In recent months, the veneer wall located on the south side of the property collapsed, exposing the building to the elements and igniting the talk of demolition.
LaVine and Christopher plan to stabilize the structure and rehabilitate the street-level commercial storefronts along Broadway, while securing the top three floors for future redevelopment. A small block building that is currently part of the parcel will serve as an expansion area for the adjacent Charles F. Lucas Confectionery & Wine Bar.
“The Clark House was one of Troy’s most prominent select family hotels during the Victorian era,” said Troy historian Don Rittner. “It is exciting to see this great architectural treasure brought back to life by a couple I know will put the same kind of thought and conviction in its restoration as shown with their recent wine bar project.”
LaVine and Christopher purchased the property from SCC Development LLC for $80,000. There were no banks or realtors involved in the transaction.
“We’re sending a message with this project,” Christopher said. “We hope to inspire others with this investment. We have hope for this building, hope for this city. And we’re not afraid to get our hands dirty.”
Stabilization & beautification: $90,000
Retail fit-up: $100,000
Total Investment: $270,000
For information on this historic building, see Don Rittner’s essay on Troy’s top 10 endangered buildings of Troy, at: http://www.donrittner.com/his186.html
For high-resolution photos, logos, architectural renderings and plans for the site, visit: http://www.duncancrary.com/clients/clarkhouse.html
For information, contact:
Vic Christopher, 917-693-7430 email@example.com
Heather LaVine, 301-466-0309 firstname.lastname@example.org
Don Rittner (for building history), email@example.com
March 19, 2013
For Immediate Release
Contact: Victoria Harris, (518) 213-1009
Major Developer Drawing New Business to Troy After State Pull-out
New First Columbia Tenants Fill 106,000 sq. ft. After State Frees 136,000 sq. ft.
TROY, NY (03/19/13) — Two major properties along the city’s riverfront are rapidly refilling after the state began vacating more than 130,000 square feet of rental space in 2012.
Latham-based developer First Columbia is making big gains in a strategy to draw out-of-town tenants to its historic Hedley Park Place and Flanigan Square properties on the Troy riverfront. The effort includes a $10 million investment to convert the space in both buildings into New York City-style, high-tech offices.
“We’re bouncing back,” said Victoria Harris, marketing director of First Columbia. “The whole point of bringing state workers here to Troy back in the ’90s was to help revitalize the downtown Troy economy. Now, First Columbia is in a position to do that again, with fresh companies and a new workforce.”
To date, new tenants have re-filled 106,000 square feet out of the 136,000 square feet vacated by the state.
NEW TENANTS AT HEDLEY PARK PLACE:
The following tenants are already or will soon be leasing space at First Columbia’s Hedley Park Place:
- The Capital District Educational Opportunity Center in Troy. There will be a ground-breaking ceremony on April 12. For more information, visit: https://www.hvcc.edu/news_events/newsstory.php?id=8034
- City of Troy (City Hall)
- KW Mission Critical Engineering. http://www.kwmce.com
- Stockton Barker Mead Law Firm. http://www.sbmfirm.com
- Workforce Development Institute. http://www.wdiny.org
- Mac Source Communications, scheduled to move in April 1. http://www.onlinemeridian.com/MacSource
STRATEGY DRAWS NEW BUSINESS TO TROY
Although City Hall and EOC were already located in other parts of Troy, the remaining new tenants at Hedley Park Place have re-located from outside the city.
“It wouldn’t be true growth if we were simply attracting tenants from one space in the city to another,” Harris said. “First Columbia is committed to bringing a fresh new workforce to downtown Troy.”
About 86,000 square feet of space is still available at Hedley Park Place, which is currently 74 percent occupied. About 87,476 square feet remain open at Flanigan Square, which is about 20 percent occupied.
“Hedley Park Place is really the best of both worlds,” Harris said. “It has that urban/ downtown/professional feeling — you can walk to restaurants and festivals. But it also has all the suburban office park amenities, like easy access from the highway, parking and modern fixtures.”
Prospective tenants can learn more about the properties and space available for lease by calling listing broker Deborah Mikhitarian-Russell at (518) 213-1088.
“HEDLEY DISTRICT” PLANS STILL ON
In 2006, First Columbia commissioned a master plan to redevelop roughly 25 city blocks surrounding its Hedley Park Place and Flanigan Square properties. Plans for “The Hedley District” include dozens of new office and condominium buildings, a seven-story hotel and a riverside promenade.
“Our goal is to help make Troy a place where you can truly live, work and play,” Harris said.
ABOUT FIRST COLUMBIA
First Columbia is a diversified real estate/investment organization committed to planning, developing, and operating high quality facilities. Its projects include corporate buildings, office campuses, medical complexes, senior housing, retail, and high-tech facilities.
For high-resolution photography, architectural renderings and design plans, visit: http://DuncanCrary.com/clients/FirstColumbia
For information, contact: Victoria Harris, marketing director First Columbia at (518) 213-1009 or firstname.lastname@example.org