A Dunkin' Donuts and Capital Bank will open at Schenectady’s Mohawk Harbor, becoming the latest tenants of the $480 million development project.
The coffee shop and bank will be located at the corner of Erie Boulevard and Rush Street, next to the traffic circle. The businesses will occupy a 4,240-square-foot retail building that the Schenectady Planning Commission approved last July.
Work on the building has already started, and is expected to be completed this summer, said Dave Buicko, CEO of the Galesi Group, the Rotterdam-based developer associated with the Mohawk Harbor project. The Capital Bank will likely open this summer, Buicko said, while the Dunkin' Donuts will open in the fall.
The Dunkin' Donuts will be the first one to open in downtown Schenectady. The store is expected to employ 20-25 people.
The Teixeira Network has operated Dunkin' Donuts stores for more than 30 years, and will oversee the Mohawk Harbor location.
In the other half of the building, Capital Bank is planning to utilize 2,100-square-feet for a full-service branch that would include a drive-up teller.
“We’re excited because we believe that Mohawk Harbor will be a wonderful place to have fun, work, live, shop, and of course bank,” Capital Bank President Anders Tomson said in a statement.
The bank will still require city approval before official plans can move forward. The Albany-based company has other locations in Clifton Park, Latham and on Wolf Road in Colonie, but this would be its first in Schenectady.
Dunkin' Donuts and Capital Bank will join Druthers Brewing, the Courtyard Marriott at Mohawk Harbor and the Rivers Casino and Resort as announced tenants on the harbor site. The casino will open next Wednesday at noon.
The Riverhouse apartment complex is slated to open this summer, along with a pair of office and retail buildings on the site.