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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.
Why The Skinny Pancake chose downtown Albany for its first New York location
The Skinny Pancake first opened in Burlington and has since expanded to seven locations across Vermont. The Albany location will be the company's first out-of-state location.
Jeff Buell talks fashion, food, his bad bike crash
From newspaper reporter to government spokesperson to real estate developer to entrepreneur, Jeff Buell's professional career has traveled a long, strange path over the last 20 years.
New Life For Albany’s Kenmore Ballroom, Once A Golden Age Destination
A downtown Albany landmark is beginning a new chapter.
The Downtown Albany Business Improvement District held a ribbon-cutting ceremony for the Kenmore Ballroom, introducing its “historic, reimagined venue” to a new generation. The grand opening comes two years after the lease was signed for the 15,000-square-foot space, one year after the Kenmore Ballroom’s first event, and nearly 100 years after the Rain-Bo Room opened its doors. Albany Mayor Kathy Sheehan:
Empire Live in Albany to open with Cold War Kids
Albany’s newest concert venue is set to go live on Thursday with a performance by Cold War Kids.
The 93 North Pearl St. venue, called Empire Live, is run by the same team that ran the now-closed Upstate Concert Hall in Clifton Park. It features two performance spaces; one with a 1,000-person capacity and the other a 400 person capacity, the latter of which is referred to as Empire Underground.
Renovations start on $18M apartment building in Albany's Warehouse District
The building at 413 North Pearl St. in Albany's Warehouse District was previously the longtime home of CMP Industries, a manufacturer of dental prosthetics.
Two tales of one city: Downtown Schenectady reviving, languishing
Redburn Development Partners principal Jeff Buell, one of the most visible and tireless proponents of downtown revitalization in the past decade, said the summer of 2020 was a discouraging time.
Explore Troy From the Historic and Luxurious Collar Factory Lofts
The renovated 1890s Cuff and Collar Factory now boasts several loft-style apartments, a green design, and a rooftop overlooking the Hudson.
Catering firm launches event venue in downtown Schenectady
The newest downtown event venue is up and running in one of the older buildings in that part of Schenectady.
The Edison Downtown is the new incarnation of a former carpet store and printing press building at 132-136 Broadway, and the reimagined space pays tribute to the age and commercial heritage of the early 20th century structures.
Two companies bid for downtown Albany's Central Warehouse
Two of the region's most active real estate firms — Redburn Development Partners of Schenectady and Columbia Development Cos. of Albany — are making a play to acquire what is perhaps downtown Albany's biggest eyesore, the monolithic Central Warehouse that sits off I-787.
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