27 N Pearl St planned for residential conversion

27 N Pearl Albany exterior 2016-10-5

The Pearl Street side this past October.

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.

Comments

From the photo it looks like a two story building - to three - so where are the upper two floors that will be converted to apartments?

Bullwinkle, the building sits on a hill - the rear of the building is three stories. So probably upper floor of residential in the front, upper two in the back, and storefronts on the first floor front & back.

Bullwinkle, if I'm recalling correctly the "ground" floor is accessed from Maiden lane -- you can see from the photo that the side street slopes. So you're only seeing 2.5 stories from Pearl St., but the building proper extends down further.

I also want to thank the two folks in the photo for using the crosswalk.

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Recent Comments

The City should take a more proactive approach based on neighborhood consensus. A prescriptive design guideline with great clarity could save lots of graves for aspiring developers and other stakeholders. The City has to be clear upfront on conditions to be met such as overall allowed building volume, easy river connection, parking, pedestrian oriented ground floor usage and etc. It not seems reasonable to expect commercial developers to build something on their own initiative to both maximize ROI and please all city residents.

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