Shuttered upstate NY prison is trying to sell itself to Canadian companies

The prison will be auctioned off on July 24

TRD WEEKEND EDITION /
May.May 05, 2018 04:34 PM

The former Chateaugay Correctional Facility. (Credit from back: New York State, BurnAway/Flickr)

A former prison in Franklin County is looking for fresh start.

The former Chateaugay Correctional Facility will be auctioned off this July by the state with the starting price of $100,000, the New York Post reports, and the state has some ideas of who the ideal buyer might be.

The listing singles out “Canadian companies serving the U.S. market” noting the former prison’s “strategic location” an hour and a half outside Montreal and just 10 miles to the border.

The prison, located at 7874 State Route 11, sits on 99 acres and has 30 “modern” buildings built around 1990 that total 98,000 square feet, according to the listing.

The prison was close in 2014 under Gov. Andrew Cuomo plan to close correctional facilities with declining populations, according to the Post. [NYP]Erin Hudson


Related Article

arrow_forward_ios
Clutter CEO and co-founder Ari Mir, and clockwise from left: 280 Fullerton Avenue, 1 Holland Avenue, 3046 Northern Boulevard and 5601 Foster Avenue (Credit: Linkedin, Google Maps)

Self-storage startup Clutter makes its first real estate play with $152M deal

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

From left: 2785 Broadway, 521 Bergen Avenue in the Bronx, and 1685 First Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark

Amazon CEO Jeff Bezos (Credit: Getty Images)

Here are Amazon’s current office and warehouse holdings in NYC — and where it could set up shop next

arrow_forward_ios