A quick update another apartment project in Albany: The rendering above is for "The Gallery on Holland," a 125-unit apartment building planned for 25 Holland Ave (near the intersection with Delaware Ave). The building will be 7-stories and include 160 interior parking spaces.
This project has been in planning for at least a year -- here's some backstory from August 2013 as reported by Jordan Carleo-Evangelist. It's set to replace the 3-story brick apartment/dorm building currently on the site. The project's been held up by a sewer line issue that required acquiring additional property. Last week it got demolition approval from the city planning board, and it needs one more OK from the city Board of Zoning Appeals before moving ahead. [TU]
The company behind it is Richbell Capital (RBC), which also built the Paddocks of Saratoga. RBC managing director William Hoblock said if the BZA approval comes through and everything lines up as now planned, demolition could start this winter, and the project could be completed by 2016.
There's currently a bit of an apartment boom (if that's the word) in/around Albany:
+ This 25 Holland project is just about a half mile from the Park South mixed-use project that will include more than 265 residential units.
+ On the city's border with Menands is the loft conversion of the old Albany International headquarters (it was also before the planning board last week).
+ Multiple projects downtown -- completed or planned -- like the Monroe.
+ There are new apartments planned for South Allen Street near St. Peter's
+ A range of smaller conversion projects such as 27 Western (completed) and 960 Broadway (planned, it was before the planning board last week).
+ And today JCE reported two projects planning privately-owned student housing (which are apartments, more or less) near UAlbany's uptown campus. [TU]
This fits into what's apparently a national upswing in apartment construction. [Businessweek]
image: Dominick Ranieri Architect
The Gallery on Holland (planned)
25 Holland Ave
Albany, NY 12202
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