Announced by Governor Kathy Hochul, the $22.2 million five-story Station 25 affordable housing development — which involved repurposing a former fire alarm station at 25 Delaware Ave. is now complete. A ribbon cutting celebration was held with developer Conifer Realty.
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Located in Albany’s Park South neighborhood Station 25 features 51 one and two-bedroom apartments. Station 25 complements the City of Albany’s Park South Urban Renewal Plan by revitalizing an underused plot and reactivating the disused historic Fire Signal Equipment Building on site. Amenities include a community room with a kitchenette, bicycle storage space, and a fitness center. The development also includes an outdoor, mobility impaired accessible playground and is located next door to the Boys & Girls Clubs of the Capital Area’s Albany Clubhouse.
The energy efficient development, which has been certified by the US Green Building Council LEED for Homes Program and EPA Energy Star Multifamily New Construction Program, utilizes features including Energy Star rated light-fixtures and appliances and new energy efficient heating and air conditioning systems.
The building initially served as the original fire signal equipment building for the Albany Fire Department from 1917 until it closed in 1967. The building was then converted into the Louise Corning Senior Citizens Center in 1976 and remained open until 2011. It was abandoned in 2011 and remained vacant until its purchase by Conifer Realty.
The project is supported by NYSHCR’s federal and state Low Income Housing Tax Credit program that generated approximately $11 million in equity and $6.9 million in subsidy. The City of Albany provided $500,000 through the HOME program.
Another Conifer Realty development preparing to get underway, made possible with City of Albany IDA support is located at 500 Northern Blvd., where a former Red Carpet Inn will be demolished and replaced with a 185-unit complex called Northgate Landing.
The post $22 Million Station 25 Affordable Housing Development Completed On Delaware Avenue first appeared on Capitalize Albany.