Updates on a few Albany residential conversion projects in the works

960 Broadway conversion rendering

A rendering of how 960 Broadway could look after the planned residential/restaurant conversion.

The area stretching from downtown Albany to the Warehouse District continues to ferment and bubble with residential projects as those neighborhoods slowly change.

Here's a quick update on a couple of projects...

960 Broadway

960 Broadway Albany back
960 Broadway as viewed from North Pearl Street.

960 Broadway is the former Rodgers Liquor Company warehouse on Broadway in the Warehouse District. Developer Bill Barber has been planning a residential conversion of the property -- with a restaurant space on the first floor -- for the last few years. And the project recently picked up speed after the city of Albany instituted the new mixed-use zoning overlay for the neighborhood, which smooths the way for residential projects along some of the neighborhood's main corridors.

And this week the project go another push: The Albany Industrial Development Agency approved sales and mortgage tax exemptions for the $6 million project. The tax breaks are estimated to be worth about $262k. [Biz Review]

The plan for the building includes 24 residential units upstairs. When we talked with Barber about the project last month, he said they're aiming to have the conversion finished by the end of this year or the first quarter of 2017.

By the way: Barber is also involved with the proposed residential conversion of the Nipper Building just up the street.

99 Pine Street

99 Pine Street downtown Albany 2016-04-21

The site plan for the proposed residential conversion of the upper floors of 99 Pine Street in downtown Albany got approved by the Albany planning board Thursday evening. Officials with the developer behind the project -- Maddalone and Associates -- said they still have to close on the building, but if that happens next month as planned, the project could be complete by summer 2017.

The total estimated cost of the project is $6.7 million. It includes a planned 35 residential units on the upper floors, with amenities including a rooftop deck and dog park (the dog area will be similar those indoor dog park areas that have been popping up in large airports). Maddalone's Chris Maddalone said Thursday they figure rents will range from $1.35-$1.50 per square foot. (Apartment sizes would range from 640 square feet to about 1,000 square feet, according to plans filed with the planning board application.)

Maddalone cited the success the company has had with apartment units it converted around the corner at 522-524 Broadway a few years back, and said they're excited about the potential of downtown Albany.

By the way: Maddalone and Associates recently floated the idea of 20 units of new construction on Dana Ave in Albany's Park South neighborhood. The site is east of New Scotland Ave, on the next block south from the big mixed-use project currently in construction next to Albany Med.

For the project to move forward, the Albany Common Council will have to change the allowable building height from three to four stories for that site. The change is part of package of changes rolled into a proposed extension of the Park South Urban Renewal Plan, which is currently set to expire in July. [TU+]

That extension was up before the planning board Thursday night, and both the president and vice president of the Park South Neighborhood Association spoke generally in favor of it. There was one resident who said she was concerned about how the new building height would affect the amount of sunlight her property along Madison Ave would get.

The planning board vote unanimously to support extending the plan with a new five-year term. It'll be up for a vote at the Albany Common Council meeting June 6.

Thursday night Chris Maddalone said they're hoping to bring the Dana Ave project before the planning board next month.

Earlier on AOA: A few more bits about the Nipper Building conversion, and other residential conversions

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

The Scoop

Ever wish you had a smart, savvy friend with the inside line on what's happening around the Capital Region? You know, the kind of stuff that makes your life just a little bit better? Yeah, we do, too. That's why we created All Over Albany. Find out more.

Recently on All Over Albany

Twiddle New Year's Eve at the Palace

The band Twiddle has not one, but two, New Year's Eve shows at The Palace this year, December 30 and December 31. Tickets go on... (more)

Morning Blend

Trial in the death of Noel Alkaramla The trial of Johnny Oquendo -- accused of killing Noel Alkaramla in Troy in 2015, putting her body... (more)

Today's moment of summerfall

Monday's high temperature hit 91 degrees -- a new record the date. And the high Sunday was 90 degrees, another record. Near the end of... (more)

Let Dogs Be Dogs at Northshire Saratoga

The authors of Let Dogs Be Dogs -- Brother Christopher of the Monks of New Skete and Marc Goldberg -- will be at Northshire Saratoga... (more)

Cardi B at TU Center

Rapper Cardi B is headlining a "Homecoming Concert 2017" show at the TU Center October 21. Tickets went on sale this past Friday -- they're... (more)

Recent Comments

Imagine if a mixed use development - apartments, townhouses, restaurants, offices, a park - were built on the Rensselaer riverfront, and people on both sides could go to work and go out in either Albany or Renss, just by walking to a gondola station? If people had reason to traverse the Hudson - in both directions - for a reason other than commuting or getting to/from the train station, a gondola could be an awesome (and financially self-sustaining) idea, that also cuts down on the need for parking. ...

Biz Review: Central Warehouse has been sold

...has 6 comments, most recently from Leah

AOA Startup Grant 2017 finalists

...has 2 comments, most recently from Natalie

The Playdium redevelopment! Downtown residential! Neighborhood critics! And more exciting tales of the Albany planning board

...has 19 comments, most recently from Observer

If you want to provide direct feedback on that Capital District Gondola idea, here's your chance

...has 23 comments, most recently from Chad

They Might Be Giants at The Egg

...has 1 comment, most recently from Ewan