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Tag: Maple & Rail

Around The Capital – October 22, 2026

Written by Jake Keado on . Posted in Blog.

Hi y’all,

Back with another month of the Capital Region investment shaping the place we call home. With some markets around the country cooling off, the Capital Region hasn’t caught that bug. Housing demand here is as resilient as ever, with the corporations announcing one billion dollar investment after the next.

GlobalFoundries, Regeneron and Xanadu Fuel Capital Region Investment

The headline: GlobalFoundries was selected to operate two new semiconductor fabs at its Malta site under a new U.S.-Japan initiative. We’re talking up to $21B in funding, about 27,000 construction and ecosystem jobs, and more than 1,000 high-skilled manufacturing jobs. Groundbreaking is expected later this year, with the first fab online in 2029. Stack that on top of Regeneron’s $2B+ facility in Saratoga Springs (1,000+ permanent jobs) and Xanadu growing its quantum computing presence in Albany, and that’s a whole lot of people who need a place to live.

Glens Falls: Maple & Rail Makes the Business Journal

Up in Glens Falls, the Glens Falls Business Journal featured our Maple & Rail project at 178-180 Maple St. We picked up the 1920 brick warehouse, and with a Restore NY grant—plus ~$1.4M in historic tax credits on top of that—it’s becoming 20 apartments plus ground-floor commercial space in the East End. Thanks to the Glens Falls IDA for the continued support! The model unit should be ready for showings by mid-November, with move-ins expected early 2027.

Maple & Rail sign above the arched brick entrance of the historic 1920 warehouse at 178-180 Maple Street in Glens Falls, NY

Greene County Backs New Housing Near Orchardview

Down by Orchardview, the push for more housing is just as real. The Greene County IDA is backing new housing in Coxsackie, right across the Hudson from our 52-unit conversion in Valatie. When towns are lining up to support new housing, that tells you the demand isn’t going anywhere—and that’s exactly where we come in.

More to come next month—stay tuned!

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Thank You, Glens Falls Business Journal, for Featuring Maple & Rail
Maple & Rail sign above the arched brick entrance of the historic 1920 warehouse at 178-180 Maple Street in Glens Falls, NY
Media & Press
Maple & Rail Glens Falls: our 1920 warehouse-to-apartments conversion was featured in the Glens Falls Business Journal. Here’s the recap …
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Maple & Rail sign above the arched brick entrance of the historic 1920 warehouse at 178-180 Maple Street in Glens Falls, NY

Thank You, Glens Falls Business Journal, for Featuring Maple & Rail

Written by Jake Keado on . Posted in Media & Press.

We want to say a sincere thank you to Paul Post and the Glens Falls Business Journal for their October 21 feature on Maple & Rail in Glens Falls. The project is our historic warehouse conversion of 178-180 Maple Street into 20 market-rate apartments.

It’s a privilege to see a project we care about this much told so thoughtfully. The piece captured not just the building, but the momentum building across the Glens Falls East End. If you’re new to the project, you can follow the full story on our Maple & Rail project page.

What the Business Journal Covered About Maple & Rail

A few highlights from the article:

  • A 1920 warehouse, brought back to life. The historic brick building at the corner of Maple and Cooper streets is becoming 20 apartments. Most are two-bedroom, with high ceilings, exposed brick and in-unit washers and dryers.
  • A true public-private partnership. The $5 million project is supported by a $1 million Restore NY grant and $1.4 million in state and federal historic tax credits. On top of that, there’s a PILOT plus tax exemptions from the Glens Falls IDA. As we told the Journal, this project doesn’t happen without that local and state support.
  • A full historic rehabilitation. Every scope of work has been coordinated with the State Historic Preservation Office and the National Park Service.
  • Built by our own team. Our construction arm, CG Construction Group, is handling the work on the Glens Falls site. On-site construction manager Trevor Barcomb spoke candidly about the challenge of fitting modern mechanicals into an old building. He also talked about how good the finished units look.
  • Close to what matters. The building backs up to The Shirt Factory and sits within walking distance of downtown. Plus, a former garage on the site is set aside for a neighborhood amenity like a coffee shop or brewery.
  • Part of something bigger. City and county leaders weighed in, including Jeff Flagg, Glens Falls director of economic development, and Jim Siplon of the Warren County EDC, described Maple & Rail as an anchor for the East End Rising effort and the next wave of investment in the First Ward.
Maple & Rail sign on the historic brick warehouse at Maple and Cooper streets in Glens Falls, NY
The new Maple & Rail sign on the 1920 brick warehouse at Maple and Cooper streets in Glens Falls.

The timeline: a model unit will be ready for showings by mid-November, substantial completion is expected by year-end, and first residents move in early 2027.

One Small Note, and What’s Next for Maple & Rail in Glens Falls

One small note for the record: our Director of Capital & Investor Relations is Jake Keado, not Jeff. We understand the mix-up. With Jeff Flagg already championing the East End, Glens Falls clearly has a strong bench of Jeffs. Jake has graciously agreed to answer to both for the rest of the month.

Names aside, the story is right where we hoped it would be: Glens Falls is growing, and we’re proud to be part of it. Maple & Rail is just the start (you can read about where it all started). Our next project in the city brings 34 apartments to four Victorian-era homes, and we’re actively looking for more.

Thank you again to Paul Post, the Glens Falls Business Journal, and the city, county and state partners who made this project possible. We’ll see you at the model unit in November.

Want to invest alongside us in historic, community-driven projects like Maple & Rail? Reach out to our team. We’d love to connect.