Real Estate Development

New 427 Washington Avenue Apartments To Support Midtown Neighborhoods

November 21, 2019 – 4:49 pm

View the announcement’s press release here. Complementing new investment surrounding the University at Albany’s downtown campus and plans for the new home of UAlbany’s College of Engineering and Applied Sciences, this $2.6 million investment will remove neighborhood blight through construction of a new 3.5-story building with 16 apartment units. The project will create 85 construction […]

Food Hall And Restaurant Incubator Albany Kitchen Readying For Opening

November 4, 2019 – 11:57 am

As part of Redburn Development Partners’ $80 million investment, the renovation of a 4,500 sq. ft. vacant building at 55 Columbia Street is under way. Occupying the building’s two floors with space fit up supported in part by the Downtown Albany Retail Grant Program, Albany Kitchen is planning for its opening in the coming weeks. Troy Kitchen opened […]

Redburn Development Partners’ $80 Million Investment Downtown Progresses

October 17, 2019 – 6:21 pm

View the announcement’s press release $12.3 million will be invested into the transformation of 39 and 45 Columbia Street as part of Redburn Development’s more than $80 million total investment into downtown Albany. The $7 million project at 45 Columbia Street will take what is currently a 78,000 sq. ft. vacant parking garage and create […]

Nov. 13 | Building For Tomorrow 2019

October 10, 2019 – 11:54 am

An annual event, Building For Tomorrow will be hosted this year at one of Albany’s newest investments, The Knick at 16 Sheridan Avenue. A more than $20 million investment, what was a vacant 112,000 sq. ft. office building is being transformed into 132 market-rate apartments and ground floor commercial space which will feature The Yard […]

Transformational Projects Announced For Clinton Square As Part Of $10 Million Downtown Revitalization Initiative Award

July 24, 2019 – 8:37 pm

View the announcement’s press release, click here The City of Albany’s Downtown Revitalization Initiative Plan and Award Booklet can be found here Governor Cuomo announced 12 transformational projects for Albany’s Clinton Square neighborhood as part of the $10 million Downtown Revitalization Initiative (DRI) award. The strategic investments in Clinton Square will enhance the neighborhood’s role […]

Groundbreaking Marks Important Milestone For Mount Hope Commons Project at 351 Southern Boulevard

July 10, 2019 – 7:01 pm

Joined by Sonic Drive In, Trinity Realty Group broke ground on its Mt. Hope Commons project at 351 Southern Boulevard in Albany — a more than $23 million redevelopment of the 10.5-acre site will create hundreds of jobs, several public infrastructure upgrades, new neighborhood amenities and increased tax revenue. A groundbreaking marked an important milestone […]

Upstate Revitalization Initiative Award Announced To Support Liberty Park Redevelopment, Downtown Poised For Unprecedented Success

May 16, 2019 – 7:55 pm

Today, Governor Cuomo announced more than $22 million in New York State funding to support two transformational projects in Downtown Albany. Empire State Development (ESD) will provide up to $15 million in Upstate Revitalization Initiative funds to Capitalize Albany for the redevelopment of Liberty Park. This funding will support acquisition, demolition, stabilization of property, infrastructure and […]

Second Phase Of Transformative $78 Million Downtown Albany Project Under Way

April 23, 2019 – 7:05 pm

Project Update, May 16: View Press Release The second $34.5 million phase of a transformative $78 million investment in downtown Albany is under way with the mixed-use renovation of the historic Kenmore Hotel building at 76 North Pearl Street. Announced by Governor Cuomo in December — Redburn Development Partners will invest $78 million to renovate […]

$13 Million Investment Strengthens Hudson/Park Neighborhood Through Reuse Of Industrial Site

April 10, 2019 – 8:43 pm

 Located between Albany’s Washington Park, Lincoln Park and downtown Albany, the Hudson/Park Neighborhood is known for its location convenience, nearby parks and cultural diversity. With the completion of an adaptive reuse plan to transform the Long Energy site properties and warehouse building at 160 Myrtle Ave, originally Hinckel and Dobler breweries — a new […]

Four Points By Sheraton Hotel Adds To New Development, Streetscape Improvements at 351 Southern Boulevard

March 22, 2019 – 1:12 pm

A new $13.3 million hotel will be constructed at 351 Southern Boulevard, complementing 351 Diamond Development, LLC’s $10 million Mt. Hope Commons development currently under way at the 9W site. Made possible with support from the City of Albany Industrial Development Agency, Mukura Inc. plans to begin constructing a 60,000 sq. ft., four story Four […]