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Old 12-14-2018, 01:03 PM
 
92,186 posts, read 122,439,279 times
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PHOTOS: Developer renovating former Glens Falls post office into commercial office space

The former Glens Falls post office on Warren Street is being renovated into commercial office space by real estate developer Peter Hoffman.

Hoffman purchased the former Glens Falls post office for $150,000 in September 2011, and secured $1.73 million in construction financing through NBT Bank to transform the building.

The building was used as a post office until the late 1970s. Check out the slideshow above to see the early stages of its new life as offices.

Source: https://www.bizjournals.com/albany/n...ens-falls.html
https://www.bizjournals.com/albany/n...tml#g/447205/1
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Old 12-14-2018, 01:06 PM
 
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PHOTOS: Renovations underway at Saratoga's Universal Preservation Hall

Work is underway in the $7 million renovation of the 150-year-old Universal Preservation Hall in downtown Saratoga Springs.

The Victorian-style former Methodist church is being converted into a concert, dance and performance hall through a partnership between Universal Preservation Hall and the Proctors Collaborative in Schenectady.

"Like Proctors, we see all kinds of activities with everything from classical performances to jazz," Proctors CEO Philip Morris told the Business Review in 2017.

The restored UPH will include an 800-seat theater and a community event space, administrative offices and an elevator for increased accessibility. The preservation hall is located on Washington Street in Saratoga Springs, just a couple of doors from Broadway, the center of the city's business district.

Check out the slideshow above to see inside the ongoing renovation of the preservation hall.

The Saratoga County Industrial Development Agency awarded $1.12 million in property tax breaks, plus $268,000 in sales tax and mortgage tax incentives for the project.

The project also won $750,000 in the state's annual economic development funding competition.

Source: https://www.bizjournals.com/albany/n...universal.html
https://www.bizjournals.com/albany/n...tml#g/447004/1
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Old 02-27-2019, 08:01 AM
 
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$35 million apartment complex approved on Western Avenue in Albany (snippet): https://www.bizjournals.com/albany/n...n-western.html

More: https://gsxventures.com/portfolio/12...2C49%2C24%2C13

Last edited by ckhthankgod; 02-27-2019 at 09:13 AM..
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Old 02-27-2019, 09:15 AM
 
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A couple of student housing projects: https://gsxventures.com/portfolio/as...2C49%2C24%2C13

https://gsxventures.com/portfolio/as...2C49%2C24%2C13
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Old 03-20-2019, 02:59 PM
 
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Crane Watch: A look around construction in the region right now, from new hotels to new apartments: https://www.bizjournals.com/albany/n..._news_headline
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Old 03-29-2019, 01:52 PM
 
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Some updated news in regards to the first 3 articles listed: https://www.bizjournals.com/albany/feature/crane-watch
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Old 04-02-2019, 07:19 AM
 
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Latest version of large mixed-use development in downtown Albany back up for review

Approval for a large, mixed-use development in downtown Albany is still another month or more away after the city planning board didn't take action on the revised drawings at this week's meeting, a decision that irritated a project executive who had expected construction to finally start in April.

"I'm so frustrated with the process and where we are," said Melissa Zell, president and chief operating officer at Pioneer Cos. in Syracuse, which is pursuing the hotel/apartment/retail development near Quackenbush Square on Broadway.

"On a technicality [the planning] staff said the board can't vote because they didn’t notify the neighbors and didn’t tell the county [planning board]," she added. "I thought I was going to lose my mind Tuesday night."

Brian Shea, the chief of staff for Mayor Kathy Sheehan, pushed back on that characterization of the situation.

"Pioneer still needs to provide basic information to our planning department. They haven't even paid the application fee," Shea said in a text message. "They received concept review as a courtesy. They will receive full planning review when they provide the information that is required and meet the same standards that we hold every developer to."

Zell said the company has already invested $12 million — including roughly $6 million removing contaminated soil from the site across from the Leo W. O'Brien Federal Building — and wants to get the project built.

But she said circumstances could change due to cost, the economy or other factors.

"Until it's built, it's threatened," Zell said. "Who knows? Look at what happened in 2008 [with the recession]. We have a term sheet with our financier but we can't close on that until we're through planning and the IDA. Any time you don't have these agreements signed, sealed and delivered, there’s always a risk."

Shea said the city is committed to working with Pioneer Cos. Changes were made to the design that was approved by the planning board in January 2018, prompting the new review, he said.

"Our staff has invested hundreds of hours of time trying to assist this developer," Shea said. "The project before the city does not even resemble what the planning board previously approved and we want nothing more than to have a transformative project at that site."

Zell acknowledged Pioneer Cos. changed the design and the city needs time to go over the plans. But she thought the process would proceed smoothly since the planning board was familiar with the original concept.

"I have reached out to confirm that [the mayor] and the city are still supportive of the project," Zell said in an email. "Our best chance of getting the Quackenbush back on track from a timing perspective requires our collective ability to trust one another and work as a team to reach a shared goal."

The new design eliminates a 167-space underground parking garage because construction estimates were $6 million to $7 million — much higher than anticipated. Instead, Pioneer Cos. would have 61 surface level parking spaces and a smaller pedestrian plaza.

Hotel guests, apartment tenants and others could use existing nearby parking, including the Albany Parking Authority's Quackenbush Garage, Zell said.

Source: https://www.bizjournals.com/albany/n...-version2.html
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Old 04-11-2019, 07:02 AM
 
92,186 posts, read 122,439,279 times
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PHOTOS: Inside the new @HudsonPark apartments in Albany: https://www.bizjournals.com/albany/n...ts-albany.html

https://www.bizjournals.com/albany/n...tml#g/452469/1
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Old 04-14-2019, 12:53 AM
 
92,186 posts, read 122,439,279 times
Reputation: 18172
The city of Troy is seeking potential developers for the latest attempt to redevelop One Monument Square: https://www.bizjournals.com/albany/n..._news_headline

Four things you should know about development in our downtowns: https://www.bizjournals.com/albany/n...rtunities.html

Last edited by ckhthankgod; 04-14-2019 at 01:37 AM..
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