After losing its founder and vice chairman in a plane crash, United Group of Companies held a ribbon cutting for a brand new development near the RPI campus. Lori Chung has more from Troy.

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TROY, N.Y. -- A bittersweet celebration in Troy Part of City Station, a residential building for RPI students, had a ribbon cutting Thursday. It's a project led by The United Group of Companies that recently lost both the President and CEO in a plane crash.

City Station is a signature project for United Group. The family run company gathered with city, state and local officials to mark the end of phase two.

Walter Uccellini spearheaded this project and many others like it in the region. He died August 15th. He was traveling with the vice chairman of the company, James Quinn, in a single engine plane that crashed in Vischer Ferry. Quinn initially survived that crash, but succumbed to his injuries this week.

The company says they are grieving, but they know projects like this will continue the legacy that both men left behind.

"They were very, very intelligent. Bright, brilliant, great experience problem solvers and terrific individuals. But they instilled a lot of that those qualities and core in the company, the people that work with the company. Companies are built by vision and leadership,” Michael Uccellini said.

The company is now run by Walter Uccellini's son, Michael Uccellini, who is now president and CEO. He says he is looking forward to phase three of the project and taking United Group into the future.