By Tim O'Brien
Sandy Horowitz says he was a kid in a candy store when he first went shopping for real estate in Troy. The Hollywood film producer and developer (below) had sold buildings he owned in New York City and, for tax purposes, needed to buy an equal amount of property elsewhere. He decided to look upstate, and a broker brought him to Troy.
The Long Island native was so impressed with the available real estate that he snapped up six large buildings including three of the citys major landmarks: the Hendrick Hudson Building, the Cannon Building, and the Keenan Building, all on or near Monument Square.
He currently is renovating Cannon, installing granite countertops and converting the top three floors into long-term suites for visiting Rensselaer and Russell Sage College professors. The building also will house a spa on the second floor and a cybercafe on the ground floor. In December, he purchased the Marvin-Neitzel Building, a large River Street warehouse near the Troy marina, which he plans to convert to New York City-style loft apartments.
I think we can open the doors and create the opportunities, Horowitz says. I think the opportunities are there, and anyone can see them.He is really taking a very active role in learning about the history of Troy, says Linda Hillman, president of the Rensselaer County Regional Chamber of Commerce, who works out of one of Horowitzs buildings.
She noted the developer is renovating an apartment in the city to live in part-time. Hes not just coming, buying it, flipping it, and leaving it.
Weve always had this gem; weve just been waiting for someone to find it, she says.Horowitz is one of many businesspeople who are discovering and realizing the potential of Troy. He joins a host of developers, planners, and visionaries who are aiming to recreate Troy as a 21st-century city that honors and builds on its past:
|Rensselaer Magazine: Spring 2004|
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