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SCHENECTADY, NY
 Computer chip manufacturer - Based in Silicon Valley
 Total capital investment: $10 billion
 3,000 direct jobs,15,000 indirect jobs, 20,000 construction jobs
 3 million square feet
 University based research hub
 Total investment: More than $30 billion
 3,500 jobs, 400 students
 1.3 million square feet
 Invested over $200 million in last 10 years
 4,500 jobs
 HQ of GE Power and Water - $43 billion business
 Steam Turbine Manufacturing, Generator Manufacturing,
Renewable Energy, Energy Storage
 $34 million invested in past 10 years
 3,000 jobs (more than 1,000 PhDs)
 1.4 million square feet – 550 acre site
 One of the most distressed downtowns in upstate New
York
 Migration of downtown businesses to the suburbs
 GE still shedding manufacturing jobs
 Political stalemate at the City and County levels
 Economic development process stalled
845 Broadway – YMCA Housing
Future Development
Waterfront Mixed Use Lifestyle Center
Design
Site Plan
Harbor Point
Retail along Riverside Blvd
Courtyard by Marriott – 124 Rooms
The Waterfront - 15 Townhomes
Harbor Point - 50 Condos
The Riverhouse - 191 Apartments
Ground Level of Apartments - Retail
Rivers Casino and Resort
Rivers Casino Along the River
• Harbor access for 46,000 boaters each year
passing the site via the Erie Canal
• Multi-modal access by road, bike, river, rail,
and air
Galesi Group Real Estate
695 Rotterdam Industrial Park
Schenectady, NY 12306
518-356-4445
www.galesi.com

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