4 minute read
Residential on the Rise
Residential continues to grow in Downtown; since 2009, 1.7 million square feet of previously vacant or underutilized properties have been converted into breathtaking apartments. More than just big news for our Capital City, it’s great for anyone who seeks to live in Albany’s fastest-growing neighborhood. To see what your view could be like when you call Downtown home, scan the QR code or visit downtownalbany.org/live.
New to the neighborhood
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Leaving their ‘Mark’
Constructing 6 new apartments in their 37 Maiden Lane property, ST8 Realty & Development joined the Downtown neighborhood with The Mark on Maiden. The units, located above The Cobblestone Lunch Shoppe, feature modern luxury amenities including high ceilings, red oak hardwood floors, digital video intercom system, granite countertops, and more.
‘Pearl’y wisdom in this development
Four new market-rate units have been added to the N Pearl Street corridor, as property owner Chris Pratt brought new life to formerly vacant upper floors of 52 and 54 N Pearl Street. Features of the Studio-2 bedroom apartments include stainless steel appliances, granite countertops, and central air, with one unit also featuring a walk-out patio.
There’s ‘Harmony’ in these new apartments
A prominent Downtown building is getting a residential transformation as Harmony Mills South is turning multiple stories of 90 State Street into Abraxas at 90 State. The 1930’s building is one of the latest large-scale conversion projects in the District, with apartments featuring design elements and amenities including exposed ductwork, sliding barn doors, and 24-hour fitness center. By the end of 2022, 11 floors of the property located at the corner of State and S Pearl Streets are expected to be home to more than 150 apartments, totaling over 143,000 square-feet.
What do residents love about Downtown?
“When I moved to downtown Albany I was hopeful to make a friend or two and find a coffee shop I could frequent. What I never could have imagined was finding a new family. I have met incredible friends, become a part of the dog park community, and through those connections I have met so many more incredible people. Today, I walk through the streets of downtown Albany and I wave hello to friends, shop owners, and neighbors. I am so happy to call Albany my home.” ~Gaelyn S. “Downtown living means I’m not saddled to my car. I walk to work; walk to shop; walk to interconnect with my neighbors. All of Downtown is spacious and walkable. Makes for a super fit lifestyle.” ~Lena H.
Getting to know the neighbors
Downtown is a growing neighborhood, so the BID hosts events for Downtown residents that offer up opportunities for friendly building against building competition, meeting with BID staff to discuss District updates, and enjoy a night out. We also communicate with residents through our Downtown Resident e-newsletter, the Downtown Resident Facebook group, and our Residential Ambassadors who generously volunteer their time to help spread the word on events, development, and more. If you live Downtown and want to sign up for any of these, please contact us at hello@downtownalbany.org.
Redburn transformations continue
Redburn Development Partners continues to grow their Downtown portfolio, with new apartments at the four properties adding over 150 new units to Downtown. Bringing the historic personality of each building to the forefront of the apartments within, the company has invested over $80 million in bringing online or refurbishing over 50,000 square-feet of residential and commercial space to our District.
39 Columbia
The four-story building is now home to 24 new apartments housed in a building constructed in 1869 by publishing firm Weed, Parsons & Co. With various uses throughout its lifespan, the mixed-use transformation has brought new life to this historic building.
The Kennedy (43 Columbia Street)
Designed with modern and historic elements, The Kennedy is home to 22 new Studio-2 bedroom apartments. Original terrazzo floors and glass block windows have been paired with stainless steel appliances, spacious living areas, and gold accented cabinetry. 61 Columbia
This newly renovated historic building is home to 5 new 1-2 bedroom apartments that feature walk-in closets, large windows, and spacious living areas.
The Kenmore (74 N Pearl Street)
A majestic, sprawling Victorian building that long laid dormant is now the home of 93 Studio-Penthouse apartments. Featuring elegant, matte black cabinetry, parquet wood floors, picture frame molding, and stainless steel appliances, residents have access to a fitness center, rooftop deck, indoor dog park, indoor pool, and more.
