Notable chunk of downtown Albany under contract to be sold

Mike DeMasi reports that a group of five buildings in downtown Albany -- including the old Kenmore Hotel building, old Steuben Athletic Club building, the old Times Union building on Sheridan, and the building that houses (for now) Capital Repertory Theatre -- are under contract to be sold to Redburn Development and Sequence Development. If these buildings are put back into something like full use it could be a big shift for downtown Albany, especially if the use is residential. [Biz Review]

Comments

IMO, this perhaps may be the most important development news for downtown Albany! These guys have the trifecta: experience, the cash to make it work, and some great buildings to work with (complete with plenty-o-parking). I have a 1,000 ideas focused on two "hopes": 1. that they develop it cohesively/comprehensively---for example: not just build out apartments and condos (with some level of affordability across a broad range), but also integrate downtown-living- supportive features (a market? a gym? a movie screen? a florist? some retail? whatever else is missing to support life downtown after 5 pm); 2. that it includes some public space--perhaps an open lobby or pocket park or community meeting space or public art.
Let's hope this deal closes and the development moves forward. And please let the naysayers be overruled by those who appreciate a vibrant downtown.

Hasn't the Kenmore been under potential redevelopment for a couple years now, including integrated parking and a theater screen?

jsc, I'm on board with the spirit of your comments, but it's worth noting that there is a florist on Columbia St (though admittedly primarily daytime hours) and a gym in the hotel on lower State (74 I think).

It sounds like the Arcade Building is a good model for what you're suggesting, and I agree, it would be nice to see more developments taking that kind of holistic approach.

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.

What's All Over Albany?

All Over Albany is for interested and interesting people in New York's Capital Region. In other words, it's for you. It's kind of like having a smart, savvy friend who can help you find out what's up. Oh, and our friends call us AOA.

Search

Recently on All Over Albany

Exploring Washington County

The rural, rolling hills of Washington County are just about an hour northeast of Albany on a scenic ride along Route 40. The county is... (more)

Morning Blend

Next Albany police chief + Kathy Sheehan has appointed Eric Hawkins to be the next Albany police chief. He's currently the police chief in Southfield,... (more)

The Cornplanter pipe tomahawk

We got a chance this week to stop in the State Museum and see an interesting artifact that's newly on display, Cornplanter's Pipe Tomahawk. The... (more)

Stuff to do this weekend

We're in the thick of the summer now. Long days, lemonade, blueberries, ice cream, and a bounty of stuff to do. We collected a few... (more)

"I departed this life unexpectedly, but peacefully..."

So begins the first-person obituary of Ruth Johnson, whose very full and long life took her from Jamaica to the United States and ultimately to... (more)

Recent Comments

... Locally, I'd recommend, Truly Rhe in Troy, Ten Thousand Villages, and Sweater Venturer. TJ Maxx, Marshalls and Target also have a good selection.

Stuff to do this weekend

...has 1 comment, most recently from Cynthia Freedman

Hanging around the film shoot

...has 1 comment, most recently from Herbert

Today's moment of summer

...has 3 comments, most recently from Jeff D

Scanning that New York State Department of Health report that argues the case for legalizing recreational marijuana

...has 8 comments, most recently from PotHead

Ghosts on a street that no longer exists

...has 8 comments, most recently from Another Tim