Mohawk Harbor, the mixed-use development in Schenectady, New York, that includes 206 apartments and more than 65,000 square feet of office and retail space, is now 70 percent leased.
Dave Buicko, who leads the $150 million project as president and CEO of the Galesi Group, said the apartments have attracted a range of tenants from millennials to empty nesters and executives. And with Druthers and Shaker & Vine opening in ground floor retail spaces this summer, Buicko said the company is working to create a good mix of additional commercial tenants.
The Albany Business Review sat down with Buicko for the latest installment of our series, “The Interview.” Watch the video below to learn more about what’s next for Mohawk Harbor, and what might push Buicko to keep on building.
All told, Mohawk Harbor includes The River House apartments; 124-room Courtyard Marriott that opened in October; a 100,000-square-foot retail/office center called Harbor Center; and 15 townhouses along the river. The development was built at the edge of a newly-dug harbor, a short walk to the west of the $330 million Rivers Casino and Resort.
Galesi will move its headquarters into Mohawk Harbor, occupying space at Two Harbor Center. The company says it will bring 50 jobs to its new office.
Galesi also announced today that Shady Harbor Marina will manage the marina at Mohawk Harbor.
The development has motivated spinoff projects nearby, including gas station/convenience store chain Alltown, which will open its first location in the region at the former Grossman’s Lumber store site on Erie Boulevard. Developer Dave Fusco recently built a 52-unit apartment building off Erie Boulevard, with one-bedroom and two-bedroom units renting for $1,100 to $1,300 per month.
Demasi, Mike. “Dave Buicko: Mohawk Harbor Is Filling Up.” Bizjournals.com, www.bizjournals.com/albany/news/2018/04/11/dave-buicko-mohawk-harbor-is-filling-up.html.
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