Down to Business: Colonie Center Sears space among properties waiting to be sold by Seritage

Down to Business: Colonie Center Sears space among properties waiting to be sold by Seritage

By Marlene Kennedy/For The Leader-Herald If you’ve wondered why the old two-story Sears space at Colonie Center still sits vacant, 4 1/2 years after the store closed, here’s the reason: It’s on a list of properties to be sold off by owner Seritage Growth Properties. Seritage, a publicly traded real estate investment trust, or REIT, based in Manhattan, owes its existence to the store and others like it nationwide, which were bundled together in 2015, bought for $2.5 billion, and then leased back to Sears in an attempt to help the retailer stay afloat. Today, Seritage has a stake in…
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Walleye Awakening set for Feb. 18 in Mayfield

MAYFIELD -- The Fulton Montgomery Regional Chamber of Commerce and the Fulton County Board of Supervisors are proud to announce that the “Walleye Awakening” is back and is scheduled for Friday from 5 to 8 p.m. This will be a free fun family-oriented event, starting at 5 p.m. at Lanzi’s on the Lake, 1751 Route 30. There will be a bonfire, food specials, and a free fantastic firework display at 6 p.m. by Santore World Famous Fireworks. Vinny Michaels will be performing outside, starting at 5 p.m. “We are happy to showcase our beautiful area with this event for our…
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State clears firm linked to Schenectady’s Rivers Casino to begin mobile sports betting

State clears firm linked to Schenectady’s Rivers Casino to begin mobile sports betting

SCHENECTADY — Four recently licensed mobile sports wagering operators can begin operations in New York state as early as Saturday morning.The state Gaming Commission announced Thursday that the four had satisfied all requirements to accept bets and have been approved to do so starting at 9 a.m. Jan. 8.Among the four is Rush Street Interactive, which oversees the in-person sports betting operations at Rivers Casino & Resort Schenectady. RSI already operates online gaming in 11 other states.RSI is an affiliate of Rush Street Gaming, operator of casinos under the Rivers name in Schenectady and three other cities. RSI and RSG had…
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Higher Ground Distillery known for hand-crafted beverages

Higher Ground Distillery known for hand-crafted beverages

By Charles EricksonMAYFIELD – While a substantial bar is the central fixture inside Higher Ground Distilling Co., its owner is adamant that he does not operate a bar.“It’s a tasting room,” Dave Webber said on a recent Saturday afternoon, as eight people sat inside the small building at 2513 State Highway 30.  Four were at the bar and four were sitting at a table against the far wall. The company’s still, a construction of gleaming chrome with assorted dials and hatches, is in a back room and was visible to the people seated at the table.“I didn’t need to be…
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Gloversville Planning Board approves site plan for $20M project

Gloversville Planning Board approves site plan for $20M project

GLOVERSVILLE -- The Gloversville City Planning Board gave site plan approval to the Kearney Realty Group's proposed $20 million "Glove City Lofts" 75-unit "artist housing" at 51 Church St. following a public hearing on Tuesday night. Tanyalynnette Grimes, the chief executive officer of Micropolis Development Group, was the only person to speak during the public hearing. She questioned whether Glove City Lofts, if built, would be used for "low-income housing" or "section-8" housing. "Is there any clarifications [of the income levels of the prospective tenants of the building] in the site plans for it, since it is in a historic…
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Supply chain issues squeezing Johnstown’s small businesses

Supply chain issues squeezing Johnstown’s small businesses

JOHNSTOWN -- Edna Dermott, who owns The Plaid Giraffe cafe and gift shop with her family, fears the business may soon fail. “If it stays like this, I’ll shut my doors. We won’t have a choice,” said Dermott, who says she has occupied the store in downtown Johnstown for 11 years. “It hurts because I am taking from my house money to support my business. We take money from our household, and we put it in here to pay the bills,” she said on a recent Friday afternoon. “That’s all we can do, but we can only do that for so long.”Like…
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