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$3.5M overhaul complete at Crosstown Commons

Route 7 shopping center is 83 percent full, benefits from increased visibility

June 17, 2018

BY JOHN CROPLEY, The Daily Gazette

SCHENECTADY — The old Crosstown Plaza has a new name and a new look, thanks to a new owner who hopes to fill it with some new tenants.

A $3.5 million renovation is complete at the largest shopping plaza in Schenectady, and it has been renamed Crosstown Commons. By square footage, it’s 83 percent occupied, though more than half of the storefronts are vacant.

That’s because all four of established anchor tenants remain in place, and occupy a lot of space behind the new facade.

Stephen Mitnick, owner of Florida-based Magellan Realty Partners, which acquired the shopping center in 2017, said he expects to fill the vacant space in the second half of this year. Crosstown totals 210,000 square feet, not including the nearby 10,000-square-foot United Buffet that Magellan also owns. Only 30,000 square feet is vacant, not counting the 6,000 square feet that has been leased to but not yet occupied by a dialysis clinic.

The vacant area is divided into several smaller stores and two large spaces, 10,000 square feet each, that likely will be subdivided for tenants who don’t need so much space. (As with most retail markets, there are more potential small tenants than large in the Capital Region.)

To read the complete article on The Daily Gazette website, click here.

 

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