We are pleased to announce that we have completed our preliminary planning, design and construction of the new Albany International Business Park. It will consist of a combination of residential and commercial buildings that will be located at the intersection of the current location of the Albany International Business Park and the existing Albany Mall. The new Albany International Business Park is expected to be ready for groundbreaking in early spring of 2014.
The new Albany International Business Park will be the first new commercial or residential development on the site since the mall was demolished in mid-2008. The entire site will be redeveloped into mixed-use commercial and residential development.
The developers have spent millions on new construction on the site, including a new $2 million parking garage, a new 500-space parking lot, a new parking deck, and a new pedestrian plaza.
The new development will be the only one on that site where retail is actually being developed. Instead of the one-sided mall, the new Albany International Business Park will feature over 100 acres of retailers, restaurants, and office space. The new development will be the first commercial development on the site since the mall was demolished in mid-2008.
I wish I was kidding. The new Albany International Business Park is expected to have a density of over 1000 new residential units per acre. In addition to that, there will be over 100,000 square feet of retail, restaurants, and office space. It’s also about a 10-story tallest building in New York State as well as the tallest building in the city.
To get a full sense of how this might be a huge deal for the state’s economy, we spoke to one of the Albany business leaders who is a partner in the new development. He told us that Albany International has a total investment of over $1 billion in the project. That’s enough to put it ahead of several other new developments in New York State.
This is definitely a huge deal for New York. Albany International is the largest urban redevelopment project in the world. Its a huge deal for the city, because it’s a huge deal for many of the states’ largest employers like IBM, JP Morgan Chase, and Verizon. I can’t wait to see how it works out for the people of New York.
Albany International is so good it looks like it is in the middle of a new development. If you look at the list of projects in New York State that you see are “New York City,” “New York City/Brooklyn,” and “New York City Center,” you’ll see that Albany International is one of the most innovative companies in the nation.
The idea of a new Albany International Business Park is that now, instead of all the high-rises and office towers that are in Albany, you have a new and much more comfortable and affordable business park. It is also located on the same site as the new New York State Fairgrounds, an amusement park. I guess I can see the appeal of this.
I know I’ve been a fan of New York State Fairgrounds for years. I guess I’m still a fan because it’s where I went to see the state fair last year. But I also think the location is a little too close to the convention center, like if they were trying to make it look like a “big old thing.