$65 Million Investment To Transform Iconic Albany Warehouse, Development of Distinctive Mixed-Use Project

December 16, 2021

Redburn Development Will Renovate The Historic Huck Finn’s, Creating 260 Market-Rate Apartments With Indoor & Outdoor Amenities, 48,000 Square Feet Of Commercial Space

Announcement’s press release, here

Redburn Development Partners is moving forward with a project that will further strengthen the City’s growing warehouse district, transforming a downtown landmark – The Warehouse at Huck Finn – into a mix of market-rate apartments and commercial space while preserving the furniture business and adjacent amusement park.

With support from the City of Albany Industrial Development Agency, Redburn plans to create 260 new apartments at 19-21 Erie Blvd. The project is expected to create at least 300 construction jobs, while retaining 46 existing full-time jobs, with three additional positions added over the course of the first two years. Planned amenities include a indoor climbing wall, dog park, and gym, along with 48,000 square feet of commercial space. The project also will feature significant outdoor improvements, such as extensive new plantings, and additional sidewalks and parking along Erie Boulevard.

The existing Huck Finn’s Warehouse, which was originally built in 1918 as a paper mill, will be a key element in the redevelopment. The popular Huck Finn’s Playland, located next door, is not part of the project scope and will remain as it currently is.

On Thursday, the City of Albany IDA board approved an application to provide New York State sales and mortgage recording tax exemptions to 21 Erie Assoc., LLC, established by Redburn. The project will use historic tax credits and will participate in the City of Albany’s 485a tax abatement program.

Construction on the project is expected to start this winter and span two years, with a projected completion in summer 2023. Work will include selective demolition of interior walls and finishes, asbestos, and lead paint abatement. Additional amenities planned for 19-21 Erie Blvd., which is within walking districts of the heart of downtown Albany, include a co-working space, running track, and community garden.