New owners announce big plans for Albany eyesore

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Plans for Central Warehouse in Albany were unveiled Thursday morning – after the state awarded the city $10 million to revamp the eyesore.

Redburn Development and Columbia Development are officially the new owners, and they have big plans.
The president of Redburn, Jeff Buell, says the plan is to make it a commercial and residential building.

The first floor will be commercial. The second floor will be a combination of commercial and residential use. The third floor and up will be residential.

NewsChannel 13 went inside the building. There is a lot of work to do. It’s filled with debris, graffiti, and parts of the building have asbestos. Where we were in the building was considered safe.

Buell says if anybody is going to take on such a large project like Central Warehouse, it’s him.

“It’s just sitting here. It’s decaying,” said Buell “I don’t know how we can grow as a region when you look at this every day, and people drive by it – 80,000 cars, and you look at it and it’s just sitting there. Until we fix this, how can we grow?”

Buell said plans were in place to start the work on Thursday afternoon.