Albany Warehouse District Goes from Industrial to Residential - The Real Deal .

Warehouse Companies

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Redburn Development's Jeff Buell (left) and Rosenblum Development's Jeff Mirel (right) with 745 Broadway (Redburn, Rosenblum, Red Mark Realty)

Redburn Development’s Jeff Buell (left) and Rosenblum Development’s Jeff Mirel (right) with 745 Broadway (Redburn, Rosenblum, Red Mark Realty)

It might not be the upstate version of Dumbo yet, but a section of Albany known for warehouses is becoming a spot for other businesses and housing.

Two major projects are transforming the city’s Warehouse District and will deliver 350 apartments, the Times Union reported. While the projects will bring new life to the area, some of its businesses are expressing concern about its future.

Last week, Rosenblum Development broke ground on its Industrie Apartments project at 745 Broadway. The $22 million development will fashion a 110,000-square-foot building on a former parking lot.

The five-story development, which is billed as a zero-emissions project thanks to fully electrified systems and solar arrays, will include 80 market-rate apartments and restaurant space. Amenities will include a roof deck with a cook station, a pet spa and heated indoor bike storage.

Meanwhile, Redburn Development revealed that four commercial tenants are coming to its Slip 12 redevelopment at the former Warehouse at Huck Finn’s. The tenants include a brewing company, a fitness company, a coffee shop and a space for Huck Finn Home Design & Style.

The development will also include more than 260 market-rate apartments and about 10 affordable ones as well as assorted amenities.

Demand for apartments in the Warehouse District is high. Sarah Reginelli, president of Capitalize Albany, said vacancy rates for apartments in the district and downtown are below 3 percent. Some new buildings even have waiting lists.

But industrial areas’ transitions are rarely without conflict.

Surpass Chemical got into a dispute with Druthers Brewing Company about an outdoor deck. The chemical business sued and ultimately forced Druthers back to the drawing board. The two companies are trying to work out a compromise.

“Where’s the balance? Where is keeping the viability of existing businesses?” Surpass general manager Tyler Smith said to the Times Union. “We don’t see it.”

[Times Union] — Holden Walter-Warner