Thursday, March 21, 2019

Of Interest

The Albany Business Review this morning featured an interview with Jeff Buell of Redburn Development Partners: "Why Jeff Buell of Reburn Development is trying to rebuild cities."  Buell is shown in the center of this photograph with partners Tom Rossi (left) and John Blackburn (right).

Redburn Development was one of the three groups that submitted proposals last year for the redevelopment of the Kaz site and the only one whose proposal did not involve using affordable housing tax credit. In the interview, Buell said essentially what he told the HDC board last year: "We are going to be fixing historic buildings as often as possible. We're gonna be creating housing that is affordable but doesn't access affordable tax credits. Just everyday apartments for everyday people." 

An article that appeared last month in the Albany Business Review reported on Redburn's acquisition of historic buildings in Albany for adaptive reuse as apartments: "Redburn buys more property in downtown Albany." The article includes a slideshow of a building in downtown Schenectady they converted into apartments, with rents that range from $750 for a studio apartment to $1,350 for a two-bedroom apartment.    

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