Schenectady County today joined with the Town of Glenville to announce plans by Socha Management to construct a new three-story 45,000-square-foot mixed-use building on Route 50 in the Town of Glenville. The company plans to invest up to $9 million to build this new “mixed-use” facility, designed to house retail, offices and corporate apartments. There are also hopes of attracting an established local restaurant.
William Socha, President of Socha Management said, “We feel that the time is right to move forward with a new mixed use building in Glenville as our other properties in the Town continue to perform very well. We have considerable interest by new tenants in this site and we look forward to working with the Town and County to move this project forward.”
Socha Management currently owns and manages Shady Lane Apartments with 444 garden apartments, a 40,000-square-foot retail plaza and two office buildings totaling 30,000 square foot all located on Route 50 in Glenville.
Marty Finn, Chair of the Schenectady County Legislature’s Committee on Economic Development and member of the County IDA said, “We welcome this new investment by the Socha Family and thank them for their commitment to Schenectady County. This new office building will add to the momentum we are seeing on the Route 50 corridor and is further proof that the County-led unified economic development plan is working.”
Chris Koetzle, Glenville Town Supervisor said, “We continue to work with the County, private investors and the town’s Small Business and Economic Development Committee to attract new development in Glenville. The Socha’s commitment to Glenville is well-known and we are sure this project will be a great addition to our community.”