Governor Cuomo announces The Knick grand opening
A formerly vacant building that has been transformed into 132 apartments and commercial space was officially welcomed to Downtown in early December, following a grand opening announcement made by Gov. Andrew Cuomo. The Knick, so named in honor of The Knickerbocker News which the property used to house, is the first in Redburn Development's Downtown portfolio to be completed, with residential units approaching 75% occupancy as of the announcement.
"This is the first step in a transformation of Downtown Albany that aims to adjust the way we think about our Capital. No longer do we see it only as a seat of government, but a livable, walkable 21st century community that drives economy and opportunity in Upstate New York," said Jeff Buell, principal at Redburn Development.
Other properties with renovations underway include:
- The Kenmore Hotel (74 North Pearl Street) - the vacant 105,000 square foot building, constructed in the late 19th century, is being transformed into a strategic mix of residential, commercial, retail and event space.
- Steuben Athletic Club (1 Steuben Place) - transformation of Albany's first YMCA into a mixed-use facility featuring public entertainment, restaurant, commercial and residential space.
- Capital Repertory Theatre and Garage (111 North Pearl Street) - creating a center courtyard with new retail, commercial and restaurant space, and refurbishing the parking garage, including the façade and the iconic spiral.
- 39 Columbia Street - establishing incubator space on the ground level, with studio work space for artists and residential housing on the upper floors.
- Kennedy Garage (43 Columbia Street) - renovating the 68,000 square-foot parking structure from the 1930s and creating new housing on the top floor.
- 55 Columbia Street - renovation of a nearly 4,500 square-foot, two-story building into a food hall with eight stalls operated by local food vendors.
The Knick's first floor is home to The Yard Hatchet House and Bar, which features indoor lawn games and axe-throwing. In total, Redburn's Kenmore Project portfolio represents an over $78 million investment by the company, which is creating 350 mixed-income apartments and over 50,000 square-feet of renovated commercial and retail space.
