Urban housing is on the rise in the Capital Region and there is just one new unit available for sale at 17 Chapel, downtown Albany’s first and only luxury condominium building!
With high energy costs making it prohibitive to heat, cool and drive to large suburban homes, many cities long suffering from disinvestment are finding themselves in the midst of a housing boom. Here in Albany, evidence of this phenomenon is everywhere. Capitalize Albany, the city’s economic development organization, cites an overall investment of $35+ million towards the creation of 200 new downtown housing units in the last year alone.
As housing returns, diverse businesses and retail are again vying to occupy once vacant storefronts along Pearl Street, Broadway and State Street. Hotel occupancy remains strong, construction of a state-of-the art convention center is underway and there are numerous active redevelopments.
This is truly an exciting time to invest in downtown Albany and 17 Chapel owners get the best of all worlds: reduced energy bills, proximity to restaurants and entertainment venues, low taxes (only $78 a month), indoor heated parking, resort style amenities, customized quality design built to own verus, and a unique opportunity for an ownership position in a renaissance market.
To learn more, take a video tour of our last remaining condo, Stuyvesant #402, below or contact us:
View of the Hudson River and Albany Skyline from 17 Chapel
Earlier this month, we began construction on the last luxury condo for sale in 17 Chapel! To make sure we end with a bang, unit 402 a Stuyvesant floorplan, will be adorned with modern appointments and finishes hand selected by our interior designer to reflect a level of sophistication and style beyond anything Albany has ever seen. Light wood floors, exquisite tiling, high-end stainless steel appliances, custom cabinetry and beautiful plumbing and lighting fixtures will create a one-of-a-kind home built to be shown off. With a large Great Room situated in the north east corner of the building, you’ll enjoy views of the Palace Theater marquis, Hudson River and historic slate roof of the First Church in downtown Albany. Of course this condo comes with standard amenities such as indoor garage parking, skydeck with incredible views, dry cleaning pick up service, grocery delivery and room service from Yono’s /DP among others. Plus being centrally located in downtown Albany, you can walk or ride your bike to dozens of the best restaurants and bars, entertainment venues, and central business district.
Modern elegance and open floor plans are signature elements of 17 Chapel condos.
If you’re waiting for the right time to buy in downtown Albany, this is your final chance! We are the only luxury building for sale in downtown Albany and this is the last condo available! To tour the building and see our last available condo in person, please call our sales center at (518) 203-2555 or visit us online at www.17chapel.com, but don’t wait or you’ll miss this last opportunity!
Unit 402 – Stuyvesant Floor Plan
In a recent article for the Times Union examining how housing preferences change over the course of life, reporter Leigh Hornbeck interviewed 17 Chapel residents Laura Brodsky and Wendy Shotsky. Wendy and Laura formerly lived in Albany’s Center Square neighborhood before moving to a town home in Guilderland for over a decade. When they first relocated to the suburbs, off-street parking with a garage is one of the amenities that appealed to them most. Now, with their six children grown,”they love being downtown again, in walking distance of restaurants, the Palace Theater and the Times Union Center.” Plus, they still get to enjoy off-street parking in 17 Chapel’s indoor heated garage.
To read the complete Times Union story on Laura Brodsky and Wendy Shotsky, click here.
Laura, Wendy and their scottie, Jackson Montgomery, enjoying their new home in 17 Chapel (photo by The Rosenblum Companies)
University at Albany president Robert Jones at home in his condo at 17 Chapel (photo by Donna Abbott-Vlahos for the Albany Business Review)
17 Chapel resident Dr. Robert Jones, president of SUNY Albany, worked at an auto part factory and as a laboratory technician, ran a dry cleaning business, and even drove a tractor on his college farm before beginning a long and successful career in academia. Learn more about Dr. Jones and his pursuit of the “next level of excellence’ for the University at Albany in the Business Journal interview here.