The next downtown Albany building set for a residential conversion: 27 N. Pearl. It's the building at the corner of Pearl and Maiden Lane -- the one with the temporary plywood facade covered in a mural. (It's right next door to Cider Belly.)
The property is on the agenda for the Albany planning board meeting set for November 17. The agenda abstract mentions the developers are seeking to convert the upper two floors of the building into 18 apartments. The ground level would be used for commercial.
The building has been vacant for some time. Internal demolition work has been going on for the last few months.
Fairbank Properties is the developer behind 27 N. Pearl. Fairbank has been involved in a string of recent projects in the city, including the Arcade Building on Broadway that's just behind 27 N. Pearl and the 27 Western Ave school building conversion. It's also set to construct a new 100-unit residential building at 760 Broadway, in the area between downtown and the Warehouse District.
We're hoping to get a few more details about 27 N. Pearl and we'll post an update here when we do.
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