Two organizations bid for downtown Albany’s Central Warehouse

ALBANY — Two of the region’s most active authentic estate corporations — Redburn Improvement Associates…

ALBANY — Two of the region’s most active authentic estate corporations — Redburn Improvement Associates of Schenectady and Columbia Advancement Cos. of Albany — are building a participate in to acquire what is perhaps downtown Albany’s greatest eyesore, the monolithic Central Warehouse that sits off I-787.

Albany County spokeswoman Mary Rozak told the Periods Union that two sealed bids for Central Warehouse had been been given by Thursday’s deadline, though she declined to ensure the identity of possibly submission.

https://www.youtube.com/check out?v=K06QH00l1gE

“I have not and can’t give any further particulars now,” Rozak stated.  “I’m informed they will consider a number of days to assessment and specifics of the submissions do not grow to be general public until they have been graded and submitted to the [county] legislature for their acceptance of the picked bid.”

Blum, who owns an architectural salvage enterprise in New York Town termed Demolition Depot & Irreplaceable Artifacts, did not promptly return a contact looking for remark remaining with his workers.

Columbia Development’s Brandon Stabler would only say that Joe Nicolla, president of Columbia Enhancement, was in cost of the task and was out of town and could not quickly remark.

Officers with Redburn did not instantly return a contact looking for comment either.

Blum owes $514,321 in unpaid taxes on the constructing, in accordance to the county, some of which he inherited when he procured the  11-story, 500,000-square-foot building in 2017 for $1 from Sunmark Federal Credit score Union with ideas to transform it into a gallery for artists. His designs have never come to fruition.

Central Warehouse was crafted in the 1920s as a cold-storage facility but has been vacant for years. It has been looted and vandalized and been the scene of fires. It has also been utilized by Albany’s homeless population for shelter.