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Redburn Gives Back
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Planned Central Warehouse redevelopment gets $9.75 million grant
A $9.75 million state grant awarded Tuesday will be put toward the first phase of redeveloping the former Central Warehouse in Albany — a commitment officials said would eventually result in converting the abandoned 11-story building into apartments and commercial space.
From eyesore to restore: Central Warehouse redevelopment receives $9.75 million burst
The Albany eyesore could have a new lease on life following an almost $10 million dollar surge as part of the Restore New York Communities Initiative.
The future of Albany’s Central Warehouse
The saga of the Central Warehouse will soon be over. Albany County leaders handed over the building’s title to Redburn and Columbia Development today at a press conference.
Inside 930 on Broadway, Redburn's new project in the Warehouse District
Redburn Development Partners could have easily rented the lower level of their new apartment building in Albany's Warehouse District as a place to hold materials or paper records.
Former Schenectady police station nominated for historic list
The former Schenectady Police Department at 301 Clinton St. is one of 23 properties nominated by Gov. Kathy Hochul on Friday for inclusion on the New York State and National Registers of Historic Places.
The 23,235 square foot rectangular brick and terra-cotta facing building was most recently used to house New York state’s Off Track Betting Corp. until about 2018, but originally it was constructed as a Schenectady public school in 1889 and enlarged again for that purpose in 1900. It was later converted to a police station in 1929 and served the city in that role until 1973.
Inside Redburn's restaurant development strategy
As Redburn Development Partners has rapidly expanded its portfolio of residential real estate, it's also quickly become a major owner of restaurant spaces.
Former Huck Finn’s gets new name, commercial tenants announced
The former Huck Finn’s Warehouse in Albany is getting a new name for the new mixed-use facility that is set to occupy the building. Redburn Development, which purchased the building for $8 million, has named the facility Slip 12.
Full press conference about The Warehouse at Huck Finn redevelopment
A $65 million project is announced at the site of The Warehouse at Huck Finn.
Redburn announces commercial tenants, new name for Huck Finn apartments
The $65 million-plus conversion of the Warehouse at Huck Finn in north Albany into an apartment complex will include a brewery, fitness studio, coffee shop and a smaller version of the longstanding furniture store — plus a new name.
Historic Kiernan Plaza in downtown Albany sold
Redburn Development Partners was the winning bidder Friday to buy historic Kiernan Plaza in downtown Albany for $1.25 million and will spend $10 million on upgrades for a new tenant — a law firm already in the city that has 175 employees.
Best Real Estate Deals 2022: Developer of the Year
Drive around Schenectady, Albany or Troy long enough and you’ll see a Redburn Development construction sign, or two, or three.
The real estate development company has quickly made a name for itself redeveloping forgotten, underutilized or run-down properties, mostly in downtowns throughout the region, into mixed-use apartments. Using a mix of property tax exemptions, historic tax credits, private and bank financing, Redburn takes on projects that others have passed on or thought not financially possible.
That strategy has led to a profile of more than 1 million square feet of apartments, retail and hospitality venues in cities across the region. Past projects include The Kenmore and The Knick in downtown Albany, The Wick hotel in Hudson and The Foster complex in Schenectady.
Best Real Estate Deals 2022: Deal of the Year
Redburn Development Partners has tackled challenging urban redevelopment projects for years, but The Warehouse at Huck Finn is entirely different.
The 243,000-square-foot furniture store/retail warehouse at 19-25 Erie Boulevard in the city’s industrial north end is Redburn’s first investment in a building that’s actively being used.
“Typically we buy buildings nobody wants,” said Jeff Buell, a principal at Redburn.
In this case, the store remains open while Redburn moves forward with an ambitious $69 million renovation that will create 273 apartments along with amenities such as a swimming pool, walking track, gardens and dog park.
CRA approves plan to provide reduced rent to city residents
The Fort Myers Community Redevelopment Agency recently approved a tax increment rebate and development agreement for 2010 Hanson Street located in the Cleveland Avenue redevelopment area.
Araba Shriners’ hall to be demolished, making way for Fort Myers workforce housing
A new and rare type of apartment complex with workforce housing in mind is being developed at 2010 Hanson Street in Fort Myers, former home of the Araba Shriners’ hall. Those buildings will be razed, likely sometime this summer, said Tom Rossi, a co-owner of Redburn Development, which paid $2 million for the buildings and the 5.7-acre site in January. He hopes groundbreaking will begin by the fall.
UAlbany bats down developer's wish to name apartments 'The Dane'
When Redburn Development Partners decided to convert an extended-stay hotel on Washington Avenue into student-centered apartments, it thought The Dane was a perfect name for the modern-edge complex.
Albany County approves sale of former Central Warehouse to developers
The Albany County Legislature on Monday night approved selling the former Central Warehouse for $50,000 to a development team that anticipates spending upwards of $100 million to renovate the decrepit building.
Skinny Pancake Receives Warm Welcome to Downtown Albany
The Skinny Pancake, a mission-driven eatery focused on serving local food, received a warm welcoming at its newest location at 1 Steuben Street, Albany on March 10th. Joining CEO and Co-founder Benjy Adler and Downtown Albany Business Improvement District (BID) Executive Director Georgette Steffens in celebrating The Skinny Pancake on their new location were Mayor Kathy Sheehan, Albany County Senior Policy Analyst Lucas Rogers, Redburn Development Partners Principal Jeff Buell, and Capital Region Chamber President & CEO Mark Eagan.
Nearly $72 million workforce apartment project coming to Fort Myers
New York-based Redburn Development Services will build the complex of, what it calls, “moderately priced” apartments at 2010 Hanson St. The total project, the first for Redburn in Florida, is expected to cost $71.7 million.
Redburn pushing up the Northway with Lake George condo project
The project would mark the farthest move north for Redburn. The Adirondack resort community has attracted wealthy investors from the East Coast who have been buying old motels, marinas and lakefront property since the beginning of the Covid-19 pandemic.
Central Warehouse winning bid: a $100 million redevelopment
The bid envisions the building serving as a connection point between the core of downtown and the city's Warehouse District to the north, where new and upcoming investments are slowly bringing more residential and retail uses.
Redburn buys downtown Albany building for another apartment conversion
The $7.3 million renovation will start next week and is expected to be completed by December.
Albany board approves plans for Huck Finn's Warehouse
The city Planning Board gave Redburn Development approval last week to start a $65 million overhaul of the Warehouse at Huck Finn.
The project, once completed, will result in roughly 260 apartments, and 45,000-square-feet of commercial space. The approval was first reported by the Albany Business Review.
Skinny Pancake opens in downtown Albany
The Skinny Pancake, the first New York location for a small, Vermont-based creperie, officially opens Thursday, Dec. 9, in a former YMCA building at the south end of the renovated Kenmore complex on North Pearl Street. The restaurant space has been vacant since the Pearl Street Pub vacated it in 2016 to move across the street
$65 million Huck Finn redevelopment approved in Albany
"You'll be driving down 787 with the lights on at night and it will change what Albany looks like," said Jeff Buell of Redburn Development. Here's the plan for the landmark property.
Troy's deputy mayor leaving for job with Redburn Development
Deputy Mayor Monica Kurzejeski is leaving her post of six years to take a job with a private developer.
Kurzejeski’s resignation is effective Jan. 14 after which she will take a position with Redburn Development, said John Salka, a spokesman for Mayor Patrick Madden.
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