COLONIE — The downstate owners of Colonie Plaza on Central Avenue are being sued by TD Bank, which asserts a $15.6 million mortgage secured by the property has fallen into default.
The Business Review was the first to report the news of the foreclosure action, which was filed Oct. 29 in state Supreme Court.
Colonie Plaza, which includes several parcels that make up the strip mall, is owned by two downstate investors, Hari Godhwani of Middletown and Sheikh Ullah of Valley Stream, who own separate limited liability companies that took out the 2022 mortgage…