TROY, N.Y. -- RPI graduate students have brand new housing as the United Group of Companies presented the City Station East Grand Opening Wednesday.
The apartment style housing comes fully furnished with fitness and study facilities in the building. Graduate student housing was much needed, as prior to the grand opening,
RPI could only house about three percent of its grad students.
The developer says the economic impact of the new housing on the City of Troy has already been seen.
"It's brought new businesses to the City of Troy. It's put parcels that were owned by the city, the state and the housing authority back on the tax rolls. It's created building permits, impact fees, job creation and it's also taken a neighborhood and we've created a new neighborhood within the city," said Michael Uccellini, President and CEO of The United Group of Companies, Inc.
Uccellini says the company has over $60 million invested in the area, with more to come.
City Station East is on Water Uccellini Ave., named after the 67-year-old developer who died in a plane crash.