Troy reaches development agreement with One Monument Square developer

The latest attempt to redevelop One Monument Square in downtown Troy is set to move another step forward after an economic development arm of the city settled on terms of a development agreement with the selected developer.

The agreement provides Hoboken Brownstone Co. with a two-year window for design, approvals, and applications for funding, the Troy Local Development Corp. announced. There’s an option for a one-year extension.

Hoboken Brownstone will pay $600,000 to the city to offset costs…

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