Follow up gawking: the developers for the 27 Western residential conversion project in Albany emailed us recently to let us know the project was almost finished -- and asked if we'd like to have a look.
As we mentioned back in August, we're always curious about these sorts of re-purposing projects. In this case it's a former school building being turned into apartments.
Ali Gutman from Fairbank Properties told us yesterday that 7 of the building's 31 units have been leased. She says the building's been getting steady interest, especially from people moving into the area -- some of them relocating here for nanotech-related jobs. Gutman says she expects the building to be fully rented (or close to it) by February.
Here are how the rents shake out:
+ Studio: $800
+ 1 bedroom (single floor, loft, and duplex styles): $975-$1,400
+ 2 bedroom: $1,900
The building's website has floor plans and more details. Leases start December 1. They're currently offering first month -- and if signing before December 1, last month -- free promotions. Each unit includes one parking spot, laundry hookups, water, and access to a fitness center. There are no dogs allowed. (Too bad -- the park is right across the street.) Update: And there is no smoking allowed in the building.
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