401 State Street to Get New Facade

July 7, 2008

Schenectady, N.Y. – In another step forward in the revitalization of downtown Schenectady, Metroplex today announced that the façade at 401 State Street across from the Bow-Tie Cinema will be completely reconstructed.

“Fixing the façade at 401 State Street is the top priority for our façade program and we are very pleased that this key building downtown will receive a new look,” said Ray Gillen, Metroplex Chair.

401 State Street is owned by the Galesi Group and BBL Construction. The building is leased by the State of New York and serves as the headquarters for the NYS Commission on Quality Care. The Commission also occupies the first floor at 409 State Street. Over 100 state employees are based at the complex.

The new façade on a key corner in downtown will transform a fairly plain stucco exterior with a new façade that adds to the look and feel of the revitalized downtown. The Downtown Schenectady Improvement Corporation (DSIC), administrator of the downtown façade improvement program funded by Metroplex, will provide a $60,000 matching grant to the project.

Dave Buicko, COO of the Galesi Group said, “As a major investor in Schenectady County, we are pleased to partner with Metroplex and DSIC to create a new façade at 401 State Street that reflects the great history of Schenectady while adding to the City’s bright new future.”

The Galesi Group also owns and manages the Bow-Tie Cinema complex, MVP headquarters, Center City, 797 Broadway, College Park — home to the new Golub Corporation headquarters, as well as major industrial parks in Rotterdam and Glenville.

“This building is on one of the most prominent corners of downtown Schenectady,” said DSIC Executive Director Jim Salengo. “The DSIC is proud to assist the Galesi Group in improving this key façade in our downtown district.”

Both the State Street and Broadway sides of the building will be renovated.

The Galesi Group has hired BBL Construction to complete the façade project. The architect is Stracher, Roth and Gilmore based in Schenectady. The total project cost will exceed $200,000.

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