Joe Tesiero of Cranesville Properties discussed plans for a mixed-use development for adjacent properties at 24-26 and 30-32 Main Street with the City of Amsterdam Planning board at Thursday’s meeting.
Tesiero said that he expects the Off-Track Betting parlor currently located in the Amsterdam Riverfront Center, also owned by Cranesville, to move to the bottom floor of 24-26 Main Street. The building will also house a single commercial office space that will be available for rent.
He is currently interviewing restauranteurs to open up a restaurant at 30-32 Main Street, which is the former location of the Professional Wrestling Hall of Fame.
The top two floors of each three-floor building will be converted to two-bedroom apartment units. Each building will house two units per floor, for a total of 8 apartments.
The properties are currently owned by the Amsterdam Industrial Development Agency, from which Cranesville has a lease agreement with an option to buy. Early this year, the agency helped secure a $500,000 New York State grant for Cranesville which will go toward the total $800,000 estimated cost to renovate the properties.
Cranesville’s plans, although approved by the board, still need to be approved by the Montgomery County Planning Board due to the location’s proximity to the Route 5/67 arterial.