The combined Albany/Rensselaer bid for Amazon's second corporate headquarters may have failed, but the Rensselaer waterfront is still being developed.
A four-story, 96-unit apartment complex going up across the Hudson River from Albany is the first new residential construction on Rensselaer's waterfront after more than a decade of planning.
The $20 million project, called de Laet's Landing by U.W. Marx of Troy, is made up of 1.3 million square feet of residential and commercial space on the 24-acre site. Eventually, it will include a hotel and boat docks — but it is taking a phased approach based on demand.
The one- and two-bedroom units will be leased for $1,190 to $2,150. Sizes range from 792 square feet to 1,492 square feet.
Next to de Laet's Landing is the newly-completed Hudson River Esplanade, a recreational space that provides public access to the waterfront. The $3.1 million, 1,000-foot-long esplanade was once part of a proposal from The Center for Economic Growth to use downtown Albany and the Rensselaer riverfront as the site of Amazon.com Inc.'s $5 billion HQ2.
The city said eventually the park will have full access to vehicles, a bike path, recreational opportunities and possibly outdoor concerts and events.
Check out the slideshow above to see the completed esplanade and the progress of de Laet's Landing.
Source:
https://www.bizjournals.com/albany/n...n-without.html
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