Exploring Albany's inglorious past and dubious future

ALBANY’S RUNAWAY APARTMENT BOOM: 2019

They’re everywhere! To help get a handle on overwhelming scope of this trend, I’ve compiled an incomplete listing of recently-developed apartments, apartments in development, and proposed apartments. The total number of units is near 6,000. What justifies this? Is Albany expecting a giant influx of eager renters?

BROADWAY

Quackenbush Square
705 Broadway
6 story, 187 apartments
Developer: Pioneer Companies

quackenbush sq

Quackenbush Square

(Photo copyright QPK Design, from albanynotes blog)

 

The Meginniss Flats
370 Broadway
6 units

meginniss

The Meginniss Flats

The Liberty Lofts
374 Broadway
4 units

Liberty Lofts

The Liberty Lofts

The Argus Apartments (412 Broadway)
32 units
Developer: Cass Hill Development

argus

The Argus Apartments

420 Broadway
7 units
Developer: Hudson Partners Development
(above Coulson’s)

420 broadway

420 Broadway

The Arcade Apartments
488 Broadway
60 units
Developer: Fairbank Properties, LLC

the arcade apartments

The Arcade Apartments

The Lofts at 111 Pine
518 Broadway
9 units

Penta On Broadway
522-4 Broadway
14 units
Developer: The Penter Development Group

penta

Penta On Broadway

705 Broadway
181 units
Developers: Pioneer Companies / First Columbia

745 Broadway
130 units
Developer: Broadway 915, LLC

760 Broadway
88 units
Developer: Fairbank Properties

Rodgers Liquor Warehouse
960 Broadway
24 units

Nipper Building
991 Broadway
75 units

NORTH & SOUTH PEARL STREET

23 North Pearl Street
7 units

27 North Pearl Street
18 units

33 North Pearl Street
6 units

52-54 North Pearl Street
Developer: Chris Pratt

52-54 north pearl

52-54 North Pearl Street

(Photo Will Waldron/Times Union)

 

71-73 North Pearl Street
4 units

76 North Pearl Street
63 units
Developer: Redburn Development Partners

Kenmore Complex
126 units
Developer: Redburn Development Partners

kenmore

Kenmore Complex

(Photo Will Waldron/Times Union)

Steuben Athletic Club
1 Steuben Place
Developer: Redburn Development Partners

steuben

Steuben Athletic Club

(Photo Will Waldron/Times Union)

The Wilson
191 North Pearl Street
4 story 27,000 sq ft market rate building
Developer: Rudy Lynch

The WIlson

The Wilson

(Photo alloveralbany)

222 North Pearl Street Redevelopment
6 units
Developer: Noah Smith
(former police station)

50 South Pearl Street
16 units

OTHER DOWNTOWN

Beaver Lofts
83 Beaver Street
9 units
Developer: Capital Companies NY

beaver lofts

Beaver Lofts

17 Chapel Boutique Condominums
17 Chapel Street
24 units
Developer: The Rosenblum Company

17 chapel

17 Chapel Boutique Condominiums

39 Columbia Street
46 units
Developer: Redburn Development Partners

39 columbia

39 Columbia Street

The Kennedy
43-47 Columbia Street
27 units
Developer: Redburn Development Partners
(former Kennedy Garage)

55 Columbia Street
Developer: Redburn Development Partners
(“coming soon”)

Clinton Square Studios
66-7 Livingston Avenue
66 units
Developer: Clinton Square Studios LLC

clinton square studios

Clinton Square Studios

(From albanynotes blog)

33 Maiden Lane
4 units

33 maiden lane

33 Maiden Lane

20 Park Residences
20 Park Street

The Residences at Capital Center
99 Pine
35 units

99 pine

The Residences At Capital Center

(Photo Paul Buckowski/Times Union)

4-6 Sheridan Avenue
12 units

The Knick
165 Sheridan Avenue
132 units
Developer: Redburn Development Partners

the knick sheriday

The Knick

(Photo Will Waldron/Times Union)

Park Place at 60 State
60 State Street
Developer: Gordon Companies

park place

Park Place At 60 State

90 State
120 units
Developer: Uri Kaufman

90 state

90 State Street

(Photo John Carl D’Annibale/Times Union)

109 State Street
11 units

MIDTOWN

526 Central Avenue
71 units
Developer: Regan Development Corp.

526 centreal

526 Central Avenue

(Drawing by Regan Development Corporation/Times Union)

The Reserve at Park South 2
75-86 Dana Avenue
36 units
Developers: Madison Park Real Estate / Ron Stein

The Reserve At Park South
85 Dana Avenue
4 story
30 units
Developer: Madison Park Real Estate

the reserve at park south

The Reserve At Park South

(Photo John Carl D’Annibale/Times Union)

25 Delaware Avenue
52 units
Developer: Conifer Realtya
(former Central Fire Alarm Station)

19 Dove Street
35 units
Developer: Gallagher & Company
(Former Harmanus Bleecker Library)

The Apartments On Elm Street
185-189 Elm Street
Developers: 100 N 5, LLC / Paul Bonacquisti

The Apartments On Elm

The Apartments On Elm Street

(Photo alloveralbany)

The Gallery On Holland
Holland Avenue near Delaware Avenue
125 units

the gallery on holland

The Gallery On Holland

(Photo by Michael P. Farrell/Times Union)

Hudson Park Luxury Apartments
160 Myrtle Avenue
75 units
Developer: Sunrise Management & Consulting

hudson park

Hudson Park Luxury Apartments

(Photo Will Waldron/Times Union)

70 Morris Street
9 units

70 morris

70 Morris Street

105 Morris Street
28 units
Morris Place, LLC

Park South Apartments
33 New Scotland Avenue
268 units
Developer: Tri-City Rentals

park south apartments

Park South Apartments

(Photo Will Waldron/Times Union)

563 New Scotland Avenue
118 units
Developers: GSX Ventures / FM Promontory Capital (Francis M. McCloskey)

FM Promontory Capital 3

563 new Scotland Avenue

(Rendering by Cotler Architecture/Times Union)

363 Ontario Street Apartments
109 units
(former Playdium site)

playdium now

363 Ontario Street Apartments

152 Washington Avenue
35 units
Developer: 152 Washington, LLC

237 Washington Avenue
101 units

423-427 Washington Avenue
16 units
Developer: Edward Maitino

423 washington

423-427 Washington Avenue

(From albanynotes blog)
WEST SIDE

The Townhomes On Belvedere
Belvedere and Brevator
6 units

belvedere

The Townhomes On Belvedere

60 Colvin Avenue
48 units
Developer: Anthony DeThomasis

60 Colvin

60 Colvin Avenue

Sandidge Way
252 units
Developer: Dawn Homes Management

sandidge

Sandidge Way

1211 Western Avenue
126 units
Developer: GSX Ventures

1211 western

1211 Western Avenue

(From albanynotes blog)

Block 75
1475 Washington Avenue
277 units
Developer: GSX ventures
(former Aspen Albany)

Block 75

Block 75

Crossgates Mall
222 units

crossgates

Crossgates Mall

(Photo by Chazen Cos/Times Union)

SOUTH SIDE

The Abbey At Kenwood Commons
451 Southern Blvd.
1762 units
Developer: Kenwood Commons, LLC
(former Kenwood Academy)

kenwood Academy 2

The Abbey At Kenwood Commons

(Times Union)

 

 

3 Responses to “ALBANY’S RUNAWAY APARTMENT BOOM: 2019”

  1. Daniel Van Riper

    Downtown Albany landlord speaking. There’s a shortage of apartments in Albany. I almost always rent my apartments in one day, usually in one showing. That’s why we have an apartment building boom. And I say it’s about time. But I also say that many of these buildings are much too big and inappropriate for a lot of the neighborhoods.

    Reply
    • Julie Elson

      wow, I didn’t think there was that great a demand for the apartments being built which seem to start at $1250 for a studio and go up from there into the mid $2,000 range. I would assume there is a huge demand for apartments in the $700-$1,000 range, unfortunately that is NOT what is being built in my neighborhood.

      Reply
  2. Michele Maserjian

    I agree with Julie that an influx of luxury apts is way out of reach for average medium income for Albany. Even recent college grads let alon e those making a living wage, $1250 for a studio is crazy. I am a landlord and there are many young families and single moms who are looking for c lean, safe, places to live. I would love to know the vacancy rate for the completed buildings.

    Reply

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