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March 6, 2024

United Group Secures Financing for City Station North

United Group secured financing to begin construction on the final phase of the City Station project. See below to read stories published by news outlets.

 

WTEN: "TROY, N.Y. (NEWS10) — The United Group of Companies received construction financing from Berkshire Bank for the development of City Station North II, LLC. This is a development of multi-family apartments, known as The Six at CityStation, and garage parking, known as The Station." 

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Times Union: "TROY — City Station North, the fourth phase of the United Group’s urban renewal project in downtown Troy, is finally moving forward after securing bank financing."

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BNN: "Experience the vibrant future of downtown Troy with The Six at CityStation, a community-focused development blending luxury living with urban amenities. Learn about the vision, impact, and legacy of this transformative project."

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Rebusiness Online: "TROY, N.Y. — United Group of Cos. has received construction financing from Berkshire Bank for City Station North, a $42 million mixed-use project in Troy, located just outside of Albany. The project represents the fourth phase of the larger City Station development that began in 2009."

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WYNT: "An urban renewal project in Troy is getting $42 million in funding. City Station North is the fourth phase of a plan to revitalize downtown Troy."

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Multi-Housing News: "The United Group of Cos. has secured construction debt from Berkshire Bank for the latest phase of its mixed-use development in Troy, N.Y. City Station North is set to be completed by November 2025."

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The Record: "TROY, N.Y. — The United Group of Companies will start developing mixed-use multi-family apartments, garage parking, and office space called City Station North II, LLC after securing construction financing from Berkshire Bank the group announced in a press release."

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