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

A few bits about that big, new mural going up on the side of the Quackenbush Garage in Albany

Maybe you've noticed the new mural going up on the south face of the Quackenbush Garage in downtown Albany. Here's what's up with that, along... (more)

A restaurant for regular group meetings?

Anne emails: I am a member of a service group that meets 2 evenings a month, during the week. We are looking for a restaurant/food... (more)

New York State city and town populations 2016

The Capital Region has some of the state's fastest growing towns in terms of population percentage change. That's one of the bits from new population... (more)

Music Haven 2017 lineup

The lineup for this summer's Music Haven series in Schenectady's Central Park is out. One of the things that distinguishes Music Haven among the free... (more)

Fields Sculpture Park at Omi 2017

There are a bunch of places around the greater Capital Region that are worth a short weekend drive to check out -- because they're fun... (more)

Recent Comments

I've found that anecdotes from neighbors, friends, or internet "strangers" can only take you so far. If you haven't already, I strongly recommend you get out there and visit these schools during the school year, during the school day to get a feel for things. In the last few months, my wife and I have made a series of visits to our local elementary, middle + high-school. During those visits, we had the chance to talk to multiple teachers and see the kids "in action". It was very VERY telling in a lot of ways - both good and bad.

The plan to connect two major bike paths at the Albany waterfront

...has 22 comments, most recently from George

Albany talking trash over the next month

...has 11 comments, most recently from Bock

Experiences to share about Albany schools?

...has 37 comments, most recently from Eric

Drawing: American Music Festival + Peck's Arcade

...has 84 comments, most recently from Michael H

The Capital Region is growing very slowly -- which is better than many other parts of the state

...has 5 comments, most recently from Mike