Construction started last week at 17 Chapel! This first step toward building our luxury condos involves gutting the interior of the existing four story building. The exterior windows and wall systems are being removed too, as you can see in these photos of our building in downtown Albany.

The new openings will make space for the residential windows and patio doors, which will run nearly floor to ceiling, making these condos really bright and spacious feeling. Also, the exterior will be all-new with materials including brick masonry.

Over the coming weeks, the existing roof will be removed and interior ramps which link the 2nd, 3rd and 4th floors will be dismantled. We expect the demolition phase to finish in late Summer 2010 and then to begin erecting steel for the 5th through 8th floor addition. Soon this building will look less like a warehouse and more like a luxury condo should!

We are excited to be moving forward with this project given the positive reaction we have received during our pre-construction sales. Construction is scheduled to finish with resident occupancy in the second half of 2011.

The Times Union and Business Review both reported on our progress this week.

Our Sales Center will remain open throughout construction so you can still preview our luxury condo features, finishes and floor plan options. A safety walkway with overhead protection will be installed in front of the entrance shortly.

New pricing, which includes increases on some models, will take effect on July 15th. Visit our residences page for current pricing.