The Redevelopment of the Curry Road Plaza into The Residences of Hamilton Square. Rotterdam, New York

Transcription

1 The Redevelopment of the Curry Road Plaza into The Reidence of Hamilton Square Rotterdam, New York November 2015

2 THE RESIDENCES OF HAILTON SQUARE ROTTERDA, NEW YORK The Property The Curry Road Shopping Plaza i ituated on 10 +/- acre at 1410 Curry Road. The plaza ha been motly vacant for 25 year. With 85,000 quare feet of empty retail pace and tree growing through the roof of the decrepit building, the blighted Curry Road Shopping Plaza i one of the lart eyeore in the town of Rotterdam. See the exiting condition photogph attached a Attachment 1. Located along one of the Town buiet thoroughfare, the Curry Road Shopping Plaza i ideally ituated for redevelopment. Richbell Capital i propoing to redevelop and tnform the decaying plaza into a vibnt reidential community in accordance with it current zoning, R-3 ultiple-family. The propoed multi-family redevelopment act a a natul tnition from the commercial Curry Road corridor to the predominately reidential land ue to the wet and outh of the property. Overview of the Propoed Redevelopment The Reidence of Hamilton Square will be a premier multi-family community in the Capital Ditrict. The Reidence of Hamilton Square i propoed with a total of 208 luxury rental apartment. The community deign conit of 8 reidential building, a firt-cla clubhoue and outdoor wimming pool. Each building contain 26 reidence. The building are three torie with interior corridor and elevator ervice. Each building alo contain internal ga. While the community i not a-retricted, the building deign will appeal to enior - interior corridor for afety and in-building ga and elevator ervice for convenience. See the building elevation attached a Attachment 2. The Reidence of Hamilton Square ha been deigned to a tandard that will put it in the top tier of the exiting apartment communitie in the Capital Region. The architectul detail and component, nging from the exterior tyle to interior layout, have been thoroughly planned to enure that The Reidence of Hamilton Square will be a houing aet to the Town of Rotterdam. The community clubhoue will offer a variety of amenitie for reident. Thee amenitie include a meeting ocial room, coffee bar, media center, fitne center and outdoor wimming pool. The Reidence The ize of the reidence will n from approximately 800 quare feet to 1,450 quare feet for the one-bedroom, two-bedroom and a limited number of three-bedroom apartment. Each reidence i deigned with a paciou floor plan and pleaing layout. The reidence will be wellappointed with a quality level of fit and finih. The reidence are deigned with lar cloet, private patio and balconie, in-unit waher and dryer and high efficiency heating and cooling ytem. 1

3 THE RESIDENCES OF HAILTON SQUARE ROTTERDA, NEW YORK Each reidence ha a gourmet kitchen that include high-end cabinetry, breakfat bar and an upcale appliance packa. The bathroom contain European-tyle vanitie, full-ize bathtub with hower and nerou linen cloet. The Site Deign The community ha been deigned in accordance with it centlized location along one of the Town main thoroughfare, Curry Road, and will foter a neighborhood feel. The ite deign and layout conit of 8 reidential building and a community clubhoue conveniently ituated in the middle of the ite. The ite deign include idewalk and decotive treet lamp to further the ovell neighborhood atmophere. The propoed redevelopment will turn the exiting blighted property into a vibnt reidential community. See the conceptual ite plan attached a Attachment 3. The exiting plaza i a virtual ea of aphalt. The propoed redevelopment will actually increae the amount of greenpace on the property. The propoed reidential redevelopment alo decreae the potential tffic impact aociated with the prior retail land ue. In addition, all utilitie uch a water, ewer, ga, fiber, telephone, etc. are already within cloe proximity to the property. Thi redevelopment i a prime example of utilizing the principle and initiative of Smart Growth development. The Reidence of Hamilton Square not only reinvigote a dormant eyeore, but the redevelopment thwart uburban pwl. About Richbell Capital Richbell Capital (RBC) i a privately held, full ervice real etate company headquartered in Satoga Spring focued primarily on the development of multi-family communitie. A a full ervice real etate development company, RBC ha the ability to perform ite election, acquiition, project deign, entitlement, financing, contruction, and property manament for intitutional quality propertie. All RBC project are contructed by it contruction manament company, RBC Contruction. Upon the completion of contruction, all RBC propertie are manad by it property manament company, Capital Ditrict Propertie. With repect to local multi-family project, RBC i the developer/manar/owner of The Paddock of Satoga, a 420 unit luxury apartment community in Satoga Spring. RBC i the developer/manar/owner of the recently completed Kenington of Halfmoon, a 200 unit luxury apartment community in the Town of Halfmoon. RBC i alo the developer/manar/owner of a 408 unit luxury apartment community located on the border of the City of Cohoe and the Town of Colonie in Albany County known a The Reidence at Lexington Hill. The firt phae of The Reidence at Lexington Hill opened earlier thi year. RBC newet multi-family community i The Gallery on Holland, a 125 unit urban multi-family project on Holland Avenue in the City of Albany two block from The Albany edical Center. The Gallery on Holland i currently under contruction and i anticipated to be completed in In addition to the above multi-family development, RBC i active in the hopitality field through RBC Hotel, it hotel development and manament company. RBC Hotel i currently working 2

4 THE RESIDENCES OF HAILTON SQUARE ROTTERDA, NEW YORK on the complete renovation and rebuilding of the hitoric Adelphi Hotel on Broadway in downtown Satoga Spring. Concluion The vacant Curry Road Shopping Plaza blight one of the main arterie in the Town of Rotterdam. The property i perfectly ituated for redevelopment. Tnforming the decaying plaza into The Reidence of Hamilton Square, a vibnt reidential community, i a prime example of utilizing the principle and initiative of Smart Growth. Thi redevelopment will reinvigote a dormant eyeore, a well a hinder uburban pwl. 3

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