Schenectady, N.Y. – The Schenectady County Metroplex Development Authority today announced that DHA Holdings, Inc., a fast growing local manufacturing business, has purchased 414 Union Street with plans to develop the building as office space for its own company as well as other growing tech firms, especially green energy companies, in the Capital Region.
David W. Dussault, CEO of DHA Holdings said, “The purchase of 414 Union Street allows our business to further its economic stake in downtown Schenectady. We are committed to expanding and launching new manufacturing operations in the city and surrounding county and are excited to rehab a building located in a vibrant section of the city. DHA was founded in Schenectady five years ago and we are excited to continue investing in the city for the future.”
DHA will use 414 Union Street as its corporate headquarters. The company operates a high speed CNC manufacturing company on Mohawk Avenue in Schenectady as well as a large machining/fabrication plant at the Glenville Business and Technology Park. Both facilities support large scale power generation and green energy manufacturing projects.”
Ryan Baum, Senior VP for DHA Holdings is coordinating the renovation of 414 Union Street in conjunction with Pigliavento Builders of Rotterdam.
Acting Mayor Gary McCarthy said, “The City welcomes DHA’s plans to renovate 414 Union Street as its new home as well as a center for growing green energy businesses. We are pleased to see this building get an extensive makeover.”
Gary Hughes, Chair of the Economic Development and Planning Committee of the County Legislature said, “We are very proud that DHA continues to grow right here in Schenectady County. This is another example of how by working together we can help companies expand their business, add new jobs, and help to expand the commercial tax base in Schenectady County.”
DHA currently employs 61 with plans to add 35-40 employees locally in the next five years.
414 Union Street has been vacant for several years. The building once housed an office for National Cash Register (NCR) and later Planned Parenthood.
DHA’s purchase of 414 Union Street puts the property back on the tax rolls.
The building totals 10,930 square feet. Metroplex will provide a $30,000 grant toward the cost of façade renovations.
In addition, Metroplex plans to lease 25 parking spaces from the new owners to expand its downtown parking system. The parking spaces are located on Yates Street adjacent to an existing Metroplex parking lot. Metroplex operates 10 lots and a parking garage in downtown Schenectady.
Metroplex Chair Ray Gillen said, “DHA is growing and we are excited about their plans for 414 Union Street.”