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 Square
(Photo copyright QPK Design, from albanynotes blog)
The Meginniss Flats
370 Broadway
6 units
The Meginniss Flats
The Liberty Lofts
374 Broadway
4 units
The Liberty Lofts
The Argus Apartments (412 Broadway)
32 units
Developer: Cass Hill Development
The Argus Apartments
420 Broadway
7 units
Developer: Hudson Partners Development
(above Coulson’s)
420 Broadway
The Arcade Apartments
488 Broadway
60 units
Developer: Fairbank Properties, LLC
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 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 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 Complex
(Photo Will Waldron/Times Union)
Steuben Athletic Club
1 Steuben Place
Developer: Redburn Development Partners
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
(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
17 Chapel Boutique Condominums
17 Chapel Street
24 units
Developer: The Rosenblum Company
17 Chapel Boutique Condominiums
39 Columbia Street
46 units
Developer: Redburn Development Partners
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
(From albanynotes blog)
33 Maiden Lane
4 units
33 Maiden Lane
20 Park Residences
20 Park Street
The Residences at Capital Center
99 Pine
35 units
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
(Photo Will Waldron/Times Union)
Park Place at 60 State
60 State Street
Developer: Gordon Companies
Park Place At 60 State
90 State
120 units
Developer: Uri Kaufman
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 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
(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 Street
(Photo alloveralbany)
The Gallery On Holland
Holland Avenue near Delaware Avenue
125 units
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 Luxury Apartments
(Photo Will Waldron/Times Union)
70 Morris Street
9 units
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
(Photo Will Waldron/Times Union)
563 New Scotland Avenue
118 units
Developers: GSX Ventures / FM Promontory Capital (Francis M. McCloskey)
563 new Scotland Avenue
(Rendering by Cotler Architecture/Times Union)
363 Ontario Street Apartments
109 units
(former Playdium site)
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
423-427 Washington Avenue
(From albanynotes blog)
WEST SIDE
The Townhomes On Belvedere
Belvedere and Brevator
6 units
The Townhomes On Belvedere
60 Colvin Avenue
48 units
Developer: Anthony DeThomasis
60 Colvin Avenue
Sandidge Way
252 units
Developer: Dawn Homes Management
Sandidge Way
1211 Western Avenue
126 units
Developer: GSX Ventures
1211 Western Avenue
(From albanynotes blog)
Block 75
1475 Washington Avenue
277 units
Developer: GSX ventures
(former Aspen Albany)
Block 75
Crossgates Mall
222 units
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)
The Abbey At Kenwood Commons
(Times Union)
Doc Circe Died For Our Sins 
3 Responses to “ALBANY’S RUNAWAY APARTMENT BOOM: 2019”
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.
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.
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.