News: Brokerage

Mayor Sheehan tours WinnDevelopment's Livingston School project; Historic property transformed into 103 senior units

The mayor of Albany, Kathy Sheehan, took the time to tour WinnDevelopment's Livingston School project. WinnDevelopment is the development arm of WinnCompanies, an award-winning national real estate development and property management company. In partnership with the Albany Housing Authority, Winn opened the doors to the new Livingston School and started leasing. Winn transformed the underutilized historic property into a mixed-income senior living community with 103 units. This project is a result of a partnership between Winn and public officials like the mayor who saw the need for more affordable housing for seniors in the city. Livingston also marks Winn's 18th large-scale historic renovation in recent years. The project consists of a historically sensitive renovation of the 230,000 s/f, former Philip Livingston Magnet Academy. Winn transformed the property into a mixed-income senior living community with 103 rental units, including studio, one and two-bedroom apartments. The Livingston School development will provide quality affordable housing to residents earning between 50 - 90% of the area median income for the city of Albany, creating a true mix of incomes within the community. Amenities at the Livingston School include a resident lounge with a community kitchen and entertainment (billiard table, TV, Wi-Fi internet access), fitness facilities, a library and computer center, wellness center for visiting practitioners, soft seating areas, common laundries and outdoor space, such as gardens and patios, as well as an on-site management and leasing office. The significant amount of common spaces that existed in the school, such as the auditorium and library, have been redeveloped as communal space for meetings, special events, as well as other creative and artistic activities. Winn specializes in the turnaround of troubled and underutilized properties. Also located in Albany, Winn completed the rehabilitation of the Knox Street Apartments. Additionally in upstate New York, Winn manages Madison Towers in Syracuse, Stonewood Village in Henrietta, Pines of Perinton in Fairport and Andrews Terrace in Rochester. Winn is also currently completing a 10-year rehab of the historic and iconic Sibley Building, a 1.085 million s/f, 12-story commercial building on a 3.27 acre site, that is transforming the central business district of historic downtown Rochester. Shown (from left) are: Executive; Erik Pietz, executive property manager, WinnResidential; John Kuppens, senior vice president, WinnResidential; Kevin Boucher, property manager at Livingston School, WinnResidential; Executive; Steven Longo, executive director, Albany Housing Authority and Kathy Sheehan, mayor of Albany, NY.
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