Redburn Development Partners, one of the area’s preimperial estate development companies, just wrapped up a very productive 2022 calendar year with several successful project completions and the announcement and commencement of some new and exciting endeavors that will spark the public’s interest from all across the Capital Region.
Redburn Development has had a
long-standing reputation of being socially responsible and thoughtful in its
renovation and construction projects. Whether renovating and preserving
historic buildings or creating market-rate housing opportunities with new
ground-up builds, Redburn always places a premium on being environmentally
conscious and positively impactful to the surrounding community’s economic and
social wellbeing.
Recently, Redburn has focused its efforts on revitalizing and enlivening Albany’s once-forgotten yet historic Warehouse District, just north of Downtown.
In May 2022, Redburn announced plans to renovate an existing
historic warehouse (occupied for decades by furniture outlet Huck Finn’s’) and
convert the building into hundreds of apartments and several businesses,
including a downsized version of Huck Finn’s, a restaurant and brewery, a boutique
fitness studio, and a coffee shop. The project, dubbed ‘Slip 12,’ is a nod to
its historic origins as an industrial complex located on the twelfth slip of
the original Erie Canal. In the Fall of 2022, the project completed its first
wave of 70 apartments and began welcoming its first residents and commercial
tenants. The second phase of the project, which will include 200 more
apartments and other property amenities, is set for completion in 2023.
In July 2022, ‘930 on Broadway’ opened its doors to residents as another Redburn-rehabilitated property in the Albany Warehouse District. This mixed-use development includes 80 bright apartments and an indoor skateboard park and community center that is the only one of its kind within a 100-mile radius of Albany. The former building used to house the old ‘Consolidated Car Heating Company’, a leading World War-era manufacturer of heating equipment for railroad cars, buses, trolleys and ships. When Redburn purchased the building, it was months away from being completely empty - with only a handful of people working in a business that was closing its doors.
In November, Redburn introduced ‘State and Clinton,’ a
four-story mixed-use building located in the heart of Downtown Schenectady, NY.
The development is part of an effort to revitalize the overall Downtown
District, and it offers dozens of one- and two-bedroom apartments at various
price points. Building tenants began moving into the apartments at the end of
October, and a Mediterranean-style restaurant ‘Mila’ is set to open on the
first floor of the building in Spring 2023.
Just across the street at 500 State Street in Schenectady,
Redburn renovated a vacant historic building into a state-of-the-art medical
office building. The building, which opened in late fall of 2022, now welcomes
125 employees and over 600 patients to its downtown location every day. These
feet on the street patronize other local businesses, supporting the local
economy and helping to spur additional development.
Redburn also has several smaller, yet very exciting new
projects currently underway in Downtown Albany, NY that will create more
affordable living spaces and help bolster the local economy of the newly
revitalized Downtown District.
‘44 James,’ ideally located at 61 North Pearl Street, already
offers 11 newly constructed apartments for leasing, and will soon be
introducing new commercial businesses in the months to come that will add job
growth and conveniences to tenants residing in the neighborhood. A second
project, ’66 State’ will soon offer 26 brand new apartments inside a
beautifully preserved historic Downtown Albany building with original
architectural details and modern updates for residents to enjoy.
The new 2023 calendar year will also see Redburn Development Partners
venture outside of New York State as the company will begin construction on a
brand new, mixed-use development in Fort Myers, FL beginning in May 2023,
focusing on supporting the city’s underserved workforce. The project, slated to
be completed by the end of 2024, will offer Florida’s working class reasonably
priced studio, one- and two bedroom apartments in an area known for its high
rental and home purchase prices.
As the new year moves forward, Redburn says it has hundreds of
thousands of square feet remaining in the development pipeline as it continues
to reach its goal of meeting the needs of tenants and local business owners in
communities throughout the United States.
also read: Andrew Denney