New downtown Troy apartments open after $5M conversion

6.18.25
 
"Another old textile building in downtown Troy has been converted into apartments.

The multi-story building at 155-157 River St., at the foot of the Congress Street Bridge, has 22 market-rate apartments spread across six floors following a roughly $5 million renovation by the downstate owners.
...
Pioneer was the primary lender for 155-157 River St. The Troy Industrial Development Authority awarded tax exemptions."

Read the full story from The Albany Business Review here.