TROY, N.Y. – Officials in Troy will announce the selection of a development team on Monday morning.
The team will be headed by the Kirchhoff Companies to redevelop One Monument Square.
The $27 million project will allow access to the city's waterfront, along with over 50 luxury apartments. There will be 30,000 square feet worth of retail space and a 175 car garage.
There is currently a plan to create a new Troy City Hall, however the city will form a committee to determine if a new home will be beneficial.