News: Brokerage

Fairbank Properties and H. Davis Development to complete 31-unit conversion

Fairbank Properties LLC and development partner H. Davis Development LLC are currently on schedule to complete the 31-unit luxury rental conversion of the former Albany High School. 27 Western Ave., which sits just off the northwest corner of Washington Park, will provide a unique standard of living to the Albany rental market. Inside, the original structure and use of the building influence the design of the transformation. High ceilings, exposed brick, and the spacious size of each former classroom contribute to the unique living spaces offered by the apartments. Each of the 180 windows throughout the building is meticulously designed to maintain the structure's original appearance while improving its energy efficiency to current standards. H. Davis Development LLC, a development and construction management company specializing in residential conversions, continues to sustain its position as a leader in its field. The efficiency with which the company operates its projects from conception to completion while maintaining a quality product has enabled it to become one of the most active developers in the Capital region. Fairbank Properties LLC, a property management company with offices in Albany and New York City, is responsible for the leasing and management upon the project's completion. The partnership of these two entities continues to prove successful time and again. By maintaining control of the entire project - from the planning and design phase, through the construction process, to the leasing and management phase - the relationship between the two companies allows for the possibility of development when there might not otherwise be. The companies hope to maintain their success by continuing to improve the standard of living and stimulate economic development in those areas of the Capital region that can benefit from them.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.