In a city that was once among the wealthiest in the country, the president of First Columbia sees the waterfront as an asset that can spur economic growth. Kevin Bette’s vision for a stretch of Troy’s waterfront is slowly becoming a reality through the real estate development and investment firm he leads, First Columbia. Construction on a 132-room Courtyard by Marriott hotel on River Street is expected to conclude later this year. A food hall and retail space called the River Street Market is slated to open in June on the first floor of the Hedley Building, a former shirt factory that now houses technology and health care companies and Troy’s city government.
Bette is working on plans to convert several historic buildings in the neighborhood into apartments. Called the Waterfront District, the $125 million mix of projects will eventually include office, retail and residential spaces and parking along with a promenade and hotel.
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