Mixed Use Waterfront Development (Albany/Rensselaer, NY)

  • Albany-New-York-state-Panorama

Project Category: Substantial Improvement Property

  • Summary

    7+ Acre Development Site along the Hudson River approved for 1 million sf mix of Office, Hotel, Retail & Residential space.

  • Details
    Project Qualification: Substantial Improvement Property
    Real Estate:
    • Residential
    • Office
    • Retail
    • Hospitality
    Project Control: We own all the key property
    Timeline: 90-180 days
     Address: 575 Broadway Rensselaer New York 12144 United States
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  • Project Narrative
    Project Narrative:

    DeLaet’s Landing is a 24 acre waterfront development located in the City of Rensselaer along the banks of the Hudson River, 1 mile from Downtown Albany, NY (NY State Capital) and within walking distance to the Rensselaer CDTA-AMTRAK Rail Station (Ridership of 2,000+ On/Offs per day). The project’s Master Plan and fully approved PDD designation allow for up to 1.3 million square feet of mixed-use development and is considered to be one of the Capital Region’s most viable Downtown & Waterfront Revitalization opportunities. The site enjoys convenient access to major highways and fantastic views of the majestic Hudson River and the Downtown Albany skyline.

    Phase 1 is a $25M project nearing completion (Fall 2018) and includes a 140,000sf, 96 unit market rate apartment building and 1.5 acre waterfront park & esplanade along with 1,800 feet of new city street and utilities.

    Phase 2 is available for Opportunity Fund Investment and could include up to 1 million square feet of mixed use development.