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The Troy Industrial Development Authority approved an initial project resolution for Gulfstream Developers, LLC, advancing an 86-unit cottage-home development for residents age 55 and older at the former Leonard Hospital site. The resolution accepts the application, authorizes scheduling a public hearing, and allows negotiations over potential financial assistance; it does not constitute final project approval.
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The proposed development would include 86 homes ranging from 500 to 800 square feet, along with a resident pavilion, new roads, and water and sewer connections. The developer said planning and zoning approvals were received in December and that bank financing had recently closed. The meeting did not specify a public hearing date or the final terms of any financial assistance.
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