News
December 9, 2019Live in Schenectady Inc. Announces the Grand Opening of Barrett Village
Schenectady’s myriad of 21st century leaders are reinvesting their commitment and passion to the continuing revitalization of this place. Barrett Street is one of Schenectady’s older inner city neighborhoods positioned next to Union College, one of our country’s earliest centers of learning during the Federalists period.
The Early industrialists invested in the downtown while building what was to become International Corporations. They settled and invested their genius and acumen in the downtown and now, these two bedroom, two and a half bath townhomes are phase one of a larger neighborhood redevelopment.
Barrett Village represents a continuation of both public and private residential reinvestment in this downtown neighborhood.
David Buicko, CEO of the Galesi Group and one of the Live-In Schenectady investors said, “We brought together a group of banks and private investors who are putting up funding needed to transform vacant lots and vacant buildings into new homes. Our first investment is on Barrett Street, which is located close to downtown, Union College and Mohawk Harbor. We thank all of our investors for joining with us to create new high quality living spaces that will encourage people to Live-In Schenectady. We believe this will be a model that can be used in other parts of the City, as well as in other communities across Upstate New York.”
John Roth, President of Highbridge Development and another Live-In investor said, “We are buying City-owned lots and buildings and investing private dollars to help boost efforts already underway to create an even stronger Schenectady. These new homes will help us create opportunities to redevelop neighborhoods that surround downtown helping to encourage more people to live, work and enjoy the new Schenectady.” Richard Ruzzo, Chairman of the Capital Region Land Bank and a member of the Schenectady County Legislature said, “We thank these investors for stepping up and using their funding and their considerable construction and development expertise to boost Schenectady neighborhoods.”
Mayor Gary R. McCarthy said, “This is a great show of confidence by private investors in our neighborhood revitalization efforts. When you have leading private-sector individuals and companies jumping in to buy and redevelop property in Schenectady you know that our neighborhood revitalization efforts are headed in the right direction.”
