Items tagged with 'residential conversions'

Capital Region rent, relatively speaking

Capital District Cost of Living graph 2017 Q3 CDRPC

This graph is from the Capital District Regional Planning Commission and the Council for Community and Economic Research. It tracks a Capital Region cost of living measure relative to the national average quarter by quarter. That teal line running along the top is the cost of housing.

Speaking of residential develop and rents and related whatnot...

+ The median gross rent for Albany-Schenectady-Troy metro area was $931 (+/-21) in 2016, according the Census Bureau*. In the city of Albany it was $895 (+/-29). That is, half the rents (plus utilities if not included) were above that mark and half were below.

+ In 2007, the median gross rent for the Albany metro was $779 (+/-18) and for the city of Albany $746 (+/-37). The 2016 rent levels mentioned above are an increase of almost 20 percent in both cases. That increase outpaced general inflation for the United States -- if both had risen at the pace of general inflation, they would have been at $900 and $862.**

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


The proposed redevelopment of the Playdium was among the projects up for review.

Despite the fact that they often focus on multi-million-dollar projects that can literally change the shape of the city, Albany planning board meetings are often quiet affairs, attended by few (or no) members of the public.

That was not the case for Tuesday's meeting, which featured a packed gallery, a bunch of neighborhood critics, and even a loud, happy round of cheers.

Here's what had people fired up...

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Another residential conversion proposed for downtown Albany, this one with a few extra layers

48 North Pearl Street Albany 2017-March

48 North Pearl Street

The latest residential project proposed for downtown Albany: A plan to create 26 apartments at 48 North Pearl Street by converting office space -- and adding two floors to the building there.

More details about that, along with other exciting tales of the Albany Planning Board...

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The @Hudson Park residential conversion in Albany gets planning OK

Long Energy site Albany stable building rear 2016-May

Another residential conversion -- this one will add 75 apartments to the Hudson/Park neighborhood -- got the OK from the Albany planning board Thursday evening.

Here's more about that project, along with bits about the stalled Gallery on Holland project and the proposed large mixed-use project next to Quackenbush Square.

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New residential projects in Park South get OK

79-91 Dana Ave rendering 2016-November cropped

The rendering for a new apartment building planned for Park South.

Two new residential projects in Park South got to OK move ahead at the Albany planning board meeting Thursday evening.

Here are a few bits about those projects, along with some details about that residential conversion planned on Pearl Street downtown and a few other things that are in the works...

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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.

Another residential conversion planned in Albany, this time in Hudson/Park

Long Energy site Albany stables building 2016-May

The complex currently houses the Long Energy company. Its previous lives included use as stables.

There's been a string of residential conversion projects -- both completed and planned -- in Albany over the last few years, mainly concentrated downtown and in the Warehouse District. But the latest project of this type is planned for the Hudson/Park neighborhood.

Here are a few details.

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