KINGSTON – Ulster County has initiated foreclosure proceedings in county court against the owners of 701 Grant Avenue, a large commercial building in the Town of Ulster.
The proceedings began on Wednesday.
“Based on prior discussions with the owner, we expect the foreclosure to proceed without delay, resulting in the county taking ownership prior to the end of 2022,” a statement from the county executive’s office said.
The office said between now and then, the office will seek the support of the county legislature to transition the property to productive use.
County officials said the Department of Economic Development is working with the remaining tenants in the building to keep them and the jobs in the county.
