Thursday, October 11, 2007

Project Announced. Project Complete.

Last summer, Jeffrey and Deane Pfeil came to my office and said that they were about to purchase the former Stanley Department Store on the Corner of State Street and Third Street, and planned to turn the old building into luxury apartments. They asked for our support, and we said move quickly. This is obviously a building in the heart of downtown, and where others had cooked up deals in the past to move jobs into the building, we thought residential was a perfect fit. It would get people living downtown again.

A little over a year later, the ribbon has been cut, the tour has been given, and the residents already living in the building have nothing but rave reviews for our great City. When you have prominent residents moving across the river to live in your City, as the Mayor, it can't help but make you smile.

Here are some pictures from today's event.

There was a great turnout for the ribbon cutting, which took place at 3 p.m. today.

My speech today was short and sweet. See the above title? Project Announced. Project Complete. There is a lot happening here in Troy, and in the wake of it all, we sometimes move a bit too quickly, and forget about how much we have changed in just four years.

The Pfeil's have been great to Troy. I still remember talking with Assemblyman Roy McDonald a few years ago, and he told me that if the Pfeil's feel welcome in a place, they will continue to pursue projects. We are all glad they stuck around after completing the Powers Park Lofts in Lansingburgh last year, and we look forward to working with them on their next endeavor.

This project was a significant investment in our community, and we are thrilled that it is nearly complete.

Time to cut the ribbon. Thanks to the Rensselaer County Chamber of Commerce for their use of the "mighty big scissors."

Once the ribbon was cut, it was off on the tour. On the fifth floor, the event was being catered by Tosca, ensuring that everyone who attended had an additional reason to be happy. There are very few pictures of the inside of the building. I want people to go down and take the tour. It is well worth it, and will give you a great idea of what is happening in Troy for the pessimists out there.

For more information on the living spaces, check out

Stay tuned! There is more exciting news coming soon.

TGIF (almost)!