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RENSSELAER, N.Y. — Marx Properties has commenced construction of de Laet’s Landing, a new waterfront development in Rensselaer. Set on 24 acres on the Hudson River, the initial construction will feature 200 residential units, 90,000 square feet of retail and a 360-space parking area. Occupancy for this phase is slated for fall 2009. The entire project is expected to be developed in stages over the next 8 to 10 years. Plans include 250,000 square feet of Class A office space, 165,000 square feet of retail space, 236,000 square feet for a hotel site and 630,000 square feet of residential space that will include mid-rise, water-view condominiums and townhomes. RealtyUSA is the exclusive commercial and residential broker for the development.