New Housing Boosts Downtown Albany

New residential properties in downtown Albany are not only convenient and in demand – they may be the key to boosting the downtown economy. Downtown Albany is experiencing a boom in residential construction, notes a front-page article in the Times Union.  Downtown officials have long said that housing supply has not kept up with demand; by boosting the downtown population with the addition of 117 new homes this year, they hope that businesses will follow suit and fill in the large number of commercial vacancies.

Living downtown offers conveniences such as first-class dining, night life, coffee shops and entertainment, all within walking distance.  Additionally, living in a condo provides the maintenance-free lifestyle that many couples are looking for.

From the article:

“I like the idea of being in downtown Albany,” said Debbie Pallas, who is moving with her husband Tom, from Colonie to 17 Chapel. “Downtown has offerings that I’d like to take advantage of. I’d like to be in the mix.”

See “More Homes in City’s Midst” in the Times Union to read the full article and for a photo gallery of the newest residential real estate in downtown Albany.