SCHENECTADY — A coalition made up of local banks and developers working to expand living options in the city is gearing up to begin its next phase of development along Barrett Street.
Live-In Schenectady, a coalition of 15 local organizations, including The Daily Gazette, is seeking to construct 15 single-family townhouses across seven parcels directly across the street from Barrett Village, a series of townhouses built by the group in 2019.
“This is part of the original project that was already approved a number of years ago,” said John Roth, CEO of Plank Construction, the company overseeing the project’s development.
Properties slated for redevelopment include: 1128, 1132, 1136, 1140, 1144, 1171 and 1175 Barrett St.
Live-In Schenectady was established in 2015 as a way to address blight and restore neighborhoods by building new homes on vacant city-owned lots.
The group pledged millions to construct more than a dozen units over two phases along Barrett Street in 2015 and purchased 19 city-owned lots for more than $200,000 to move the project forward.
The roadway sits near active thoroughfares in the city, including Union Street and Erie Boulevard, but has seen little development compared to surrounding neighborhoods, making it the perfect candidate for redevelopment, Roth said.
“We thought this would be a good boost in the arm to help the surrounding neighborhoods,” he said.
The Barrett Village properties have all been sold and there is high demand for additional homes in the area, according to Roth.
The latest plans call for constructing 15 homes between 1,400 and 1,500 square feet across seven units, which is slightly smaller than the 1,600-square-foot homes at Barrett Village.
The City’s Planning Commission is expected to review the proposal at its Jan. 19 meeting.
Roth said a construction schedule has yet to be finalized and would be dependent on issues currently impacting the supply chain, which have driven up the cost of construction materials in recent months.
A potential asking price for each townhouse has also yet to be determined, but Roth expects each unit to sell for around $280,000, which was the average sale price for the Barrett Village homes. A listing price will be determined by final construction costs.
Roth said the townhomes along Barrett Street have drawn interest from all walks of life, including empty nesters and young families seeking their first home, which he attributed to ongoing development in the city and its overall quality of life.
“I just think it’s a great place to live and raise our family,” he said.
Contact reporter Chad Arnold at: 518-410-5117 or [email protected]. Follow him on Twitter: @ChadGArnold.