Press Release – Open House

Successful Revitalization of The Downtown Historic District in Cohoes Continues

Federal and State Tax Credits at work to rebuild communities

After buying the historic Germania Hall building at 65 Remsen Street in Cohoes and successfully rehabbing the apartments and storefront, Zephyr Preservation Studio, LLC began work in the storefront space in January 2015. Now that renovations to the former LaMarche store are complete and certified according to the Historic Preservation Tax Incentive, the time to host an Open House has come so that the new space can be shared with Cohoes and the local community.

Zephyr Preservation Studio, LLC is proud to be part of the revitalization of the Historic Downtown District on Remsen Street. “I was so excited to find a historic building that I could bring back from foreclosure and help the City of Cohoes improve Remsen Street,” says Sarah C. Stevens, owner. She goes on “I had so much help from the local community – the Cohoes Local Development Corporation, The Community Loan Fund, and the Al Tech Loan Fund from the Capital Region Chamber were all instrumental in helping me finance this project.” In addition to the loans, another beneficial tool were the Federal and State Tax Credits available for historic buildings. Up to 40% of qualifying expenses for the rehabilitation project can be recouped with the tax credits.

“Sarah’s vision for the historic Germania Hall building on Remsen Street in Cohoes epitomizes our mission to support sustainable community-based economic development. She is not only securing a home for her business, she is capitalizing on Cohoes’ existing assets and investing in the City’s revitalization. We couldn’t be happier for her and for the City of Cohoes,” said Linda MacFarlane, Executive Director of the Community Loan Fund of the Capital Region.
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“One of the best parts of my job is seeing entrepreneurs whose passion and drive align so perfectly with local economic development efforts.  Sarah’s project was perfect for Cohoes and we were thrilled to play a small role in their success,” said Joseph Landy, Director, Commercial Lending, Capital Region Chamber.

The Open House coincides with the grand opening of the Cohoes Music Hall, another wonderful rebirth of an historic building.

Zephyr Preservation Studio, LLC will be hosting an Open House on Saturday, October 1st, 2016 between 4:30 pm and 7:30 pm. Please come by and discover textile conservation and preservation! Zephyr Preservation Studio, LLC assists owners with the care and handling of textiles, such as quilts, christening gowns and samplers, so they can be enjoyed now and in the future.

Enjoy nibbles provided by Spindles on Remsen while viewing natural fibers under a microscope and exploring simple things you can do to save your treasured textiles.

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