Hamilton Hill Demolitions to Resume
February 14, 2019
Source: The Daily Gazette
SCHENECTADY — An intermission for the $62 million Community Builders residential project in Schenectady’s Hamilton Hill neighborhood will end later this month, as demolition of blighted properties resumes.
It’s not cold weather or snow that put the work on hiatus, but navigating the complicated web of financing that underlies the whole project.
Phase I of the redevelopment by The Community Builders cost $22 million, the major portion of which went for conversion of the Horace Mann and St. Columba’s school buildings into the Hillside View Apartments and Electric City Barn.
Phase II entails demolition of 22 buildings and construction of 85 housing units at cost of $40 million.
Construction of Phase I is done, and it is fully occupied. Construction of Phase II has yet to start.
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