In the first phase of the project, Albany based Columbia will convert Chasan into office space, according to college officials. This will be followed by the redevelopment of the Proctor's Theater office building and fa ade restoration, along with the environmental remediation of the theater. Rensselaer current Under Armour Clutchfit 3 Low
RPI to move employees from Hedley building to downtown space
and Ferry streets. This 184 bed complex houses Rensselaer graduate students.
Rensselaer acquired Proctor's Theater and Chasan at the request of state and local officials to steward the properties and help develop an effective, sustainable redevelopment plan. Since 2002, Rensselaer has invested nearly $1.5 million in the stabilization of Proctor's Theater and stewardship of both buildings, officials said.
The office building adjacent to the theater will also be redeveloped to be used once more for office space, and the Proctor's fa ade will be restored, said officials at Columbia Development, which entered into an agreement with Rensselaer to assume ownership and begin work.
Along with this, the Chasan Building will be redeveloped into office space that about 72 employees at Rensselaer Polytechnic will use come June or July, said Mark Marchand with the Troy college. He said Rensselaer plans to move its current office space from the Hedley building, where they are now, and use the Chasan building instead.
TROY With the announcement Monday of a $14.4 million project at the Chasan Building and Proctor's Theater, the redevelopment, refurbishment and possible revitalization of the Under Armour Shoes Black And Gray theater from the vaudeville golden years is once again in sight.
Since 2000, Rensselaer has brought nearly 200 employees into downtown Troy to work at the Hedley, Rice, and Gurley buildings paying nearly $1 million annually in rent. Through a public private redevelopment strategy that also included Columbia Development, in 2009 Blitman Residence Commons opened as the newest housing option for Rensselaer undergraduates. That $15 million project brought nearly 200 students to the Sixth Avenue corridor to be housed at Blitman.
owner of the properties will lease the building and relocate the Institute Advancement team, since growth is expected in that organization.
This fall, the university celebrated the United Companies opening of the $13 million College Suites at the City Station retail and apartment complex on Sixth Avenue between Congress Under Armour Drive One
"The university is a committed, long term partner in the revitalization of downtown Troy," Rensselaer President Shirley Ann Jackson said. "As business, government, and institution leaders seek new economic development opportunities across the state and the capital region, we rely on the kind of creative public private partnership exemplified by this agreement among Rensselaer, Columbia Development, and the city of Troy."
This is not the first plan proposed for Proctor's since it closed its doors in the 1970s. A Save Proctor's group has become active over the past several years, and elected officials have tried to revitalize the 1914 theater, on the National Register of Historic Places, which hosted performer Bob Hope.
Mayor Harry Tutunjian said, "The redevelopment of the Proctor's and Chasan buildings is another positive step in revitalizing our downtown. By continuing our partnership with RPI, we are creating jobs Under Armour Curry 3 Zero Gold
Using the historic edifice as a performing arts theatre once more is not definitely in the cards, but the stabilization and environmental remediation of Proctor's Theater will be done with the project that is partially being funded through a $3.3 million Restore New York grant.
and encouraging private investment into the Chasan and Proctor's buildings, both of which will remain on the tax roll as they've been since RPI purchased them. I've always said the revitalization of downtown wouldn't be complete without bringing Chasan and Proctor's back to life and I'm proud to see this project move forward."
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