Site includes 4.5 acres of prime property previously under consideration for the convention center and offers a unique opportunity for a major development in the City’s urban core
Empire State Development (ESD) and the Office of General Services (OGS) announced today that New York State has issued a Request for Proposals (RFP) for the purchase and redevelopment of 4.5 acres of prime property in Downtown Albany. The RFP calls for a mixed-use development plan including a residential component that maximizes economic impact to New York State and the City of Albany and addresses priorities such as area revitalization, market demand and sustainable building practices. Proposals may also include the purchase of an additional 1.9 acres of adjacent streets.
The property includes four former warehouses most recently used as a commercial office complex totaling approximately 145,000 square feet of floor area, as well as multiple surface parking lots. All buildings on the site are vacant.
The RFP, which also features a map of the site and surrounding area, can be found on ESD’s website at http://esd.ny.gov/CorporateInformation/RFPs.html. A tour of the site will be held on February 11, 2015. The deadline to submit questions is March 2, 2015 and proposals are due March 26, 2015.