Call it home
Landmark Albany, a new apartment complex off Fuller Road next to SUNY Polytechnic Institute, is now open as construction continues.
Landmark Albany, a new apartment complex off Fuller Road next to SUNY Polytechnic Institute is now open.
Construction is ongoing. The complex will ultimately be comprised of 252 apartments in seven, five-story buildings. For now, there are three completed buildings with 108 movein ready apartments.
Dawn Homes Management first proposed the project in 2016. Neighbors in both Albany and neighboring Guilderland were opposed to it over concerns about traffic, stormwater management and neighborhood character. Thirteen vacant houses were leveled to make way for the development.
The price tag for the project was $56 million. The city’s Industrial Development Agency, granted Dawn Homes $22.9 million in tax breaks, split into four 20-year “payment in lieu
of taxes” or PILOT agreements for each phase of construction.
Rent starts at $1,670 for the one-bedroom, 902-square-foot “Nano,” and tops out at $2,040 for the two-bedroom, two-bath, 1,362-square-foot “Empire.” Wi-fi, Spectrum cable and internet are included in the rent. The kitchens were furnished with stainless steel appliances and West Elm fixtures. The complex has indoor garages, electric car charging stations and it is pet friendly.
Albany Mayor Kathy Sheehan, state Sen. Neil Breslin, D -Delmar, and Mary Eagan, CEO of the Capital Region Chamber, attended the ribbon cutting with Dawn Homes executives. Dawn Homes has its headquarters in Albany and owns and operates more than 40 apartment communities across the northeastern United States.
“The first stage of the Landmark Albany project is completed with dozens of residents already moved in and dozens more scheduled to move in over the coming months,” Sheehan said. “This project has generated a substantial economic boost in the form of creating jobs, and this beautiful new apartment complex offers residents luxury, custom-design apartments with walkability to Stuyvesant Plaza. I want to thank Dawn Homes for investing over $56 million in this property and the City’s Industrial Development Agency for their collaboration on this project.”