HDC to present Kaz warehouse development proposals
Amanda Purcell is reporting for Columbia-Greene Media the Hudson Development Corporation is proceeding with plans to develop the former Kaz warehouse site located in the city's First Ward. The corporation last year put out a call for proposals for the purchase or long-term lease and mixed-use development of the 4-acre site at 14-17 Montgomery and South Front streets. The warehouse formerly served as a storage facility for Kaz, a manufacturer of vaporizers, humidifiers, air purifiers and fans. The company, at the time one of the largest employers in Columbia County, closed its Hudson plant in 2008. HDC has received three proposals from developers: Saratoga Springs-based Bonacio Construction Incorporated, a collaborative venture by Redburn Development Companies and Sequence Development, both of Troy; and one from the Kearney Realty & Development Group in Carmel, said Hudson Development Corporation Executive Director Sheena Salvino. Developers are expected to invest approximately $25 million in general costs to develop the site. “It’s a tremendous to opportunity to expand [the] commercial and entertainment area on the waterfront and to broaden our tax base,” corporation Treasurer Don Moore said, adding the process to develop the site could take a few years. The details of the developers' proposals for the Montgomery Street Redevelopment Project will be discussed at a special HDC public meeting at noon, Wed., Apr. 4, at 1 North Front Street in Hudson. Read the full story at HudsonValley360 [dot] com.