A Delaware company with an office in New Jersey purchased the properties, many of which figured in an atypical 2014 agreement with the Troy IDA.
The real-estate developer disclosed plans for a potential project on Fourth St. in proposals for two city-owned parcels.
The city's fourth attempt to move forward on a proposal has failed. "It's a major L," one business owner says.
When Dominick Calsolaro looks at recent developments across the city, he sees progress.