Real Estate Albany: -Projects Completed

Coldwell Banker Commercial Prime Properties inc. and Paragon Prime Funding Associates have been involved in developing, financing and real estate brokerage services for numerous notable area projects. Below is a partial list of projects and related involvement.
The Wingate Hotel: A 107 room hotel located next to the Albany Airport in Albany NY. Services Included: Site selection and land acquisition, financial analysis and projections, financing, development through the governmental approval and construction process, RFP's for engineering and construction, facilitation of an owners construction representative and present management. Project Value: $11 million www.albanywingate.com	Click for larger image.
Riverwalk On The Hudson: A 176 unit apartment complex located on the Hudson River in Cohoes NY. Services Included: Site selection and land acquisition, financial analysis and projections, financing, development through the governmental approval and construction process, RFP's for engineering and construction, facilitation of an owners construction representative and present management. Project Value: $15 million www.river-walk.com	Click for larger image.
Target Distribution Center, Wilton, NY: A 1,500,000 square ft. distribution center in Wilton, NY. Services Included: Assistance in purchase of real estate, assistance through the governmental approval process. Project Value: $45 million	Click for larger image.
Time Warner Regional Headquarters: An 80,000 sq ft. office building in Rotterdam, NY. Services Included: Assistance in purchase of real estate, assistance through the governmental approval process. Project Value: $7 million	Click for larger image.
River's Edge: A mixed use development with 190 apartment units and office. Services Included: Site selection and land acquisition, financial analysis and projections, development through the governmental approval and construction process, RFP's for engineering and construction, facilitation of an owners construction representative and present management. Tax exempt bond financing; tax credit syndication; letter-of-credit enhancement. Project Value: $18 million www.albanyriversedge.com	Click for larger image.
Partridge Run: A PDD in North Greenbush, NY to include 200 single family twin homes and condominium housing units, 390 apartment units, and 200,000 sq ft. of office. Services Included: Site selection and land acquisition, financial analysis and projections, financing, development through the governmental approval process, RFP's for engineering and construction, facilitation of an owners construction representative and present management. Project Value Built Out: $67 million	Click for larger image.
Days Inn: A 167 unit hotel in Colonie, NY. Services Included: Location of property, financial projections, project financing and current management. Project Value: $5.2 million	Click for larger image.
Oak Hill: A 220 unit apartment and townhouse community on 23 acres in North Greenbush. Services Included: Site selection and land acquisition, financial analysis and projections, development through the governmental and building approval process, RFP’s for engineering and construction, facilitation of an owner’s construction representative and present management. Letter-of-credit enhancement. Tax pilot, construction, and permanent financing. Project Value: $34 million www.albanyoakhill.com	Click for larger image.
73 Troy Road: A 25,000 sq. ft. office building. Services Included: Location of property, financial projections, project financing, and current management. Project Value: $2.3 million	Click for larger image.
621 Columbia Street: A 27,000 sq. ft. office building Services Included: Location of property, financial projections, project financing, and current management. Project Value: $2.5 million	Click for larger image.
1760 Union Street: A 13,000 sq. ft. office building Services Included: Site selection and land acquisition, financial analysis and projections, development through the governmental approval and construction process, RFP’s for engineering and construction, facilitation of an owner’s construction representative and present management. Tax pilot, construction, and permanent financing. Project Value: $1,700,000	PHOTO PENDING
Bellevue Medical Arts Complex: A 15,000 sq ft. medical building with 60,000 sq ft. of "shovel ready" additional office space. Services Included: Marketing and sale of building to end user. Marketing of final approved product. Project Value: 2.5 million	Click for larger image.
Area Residential Projects: Over 40 residential housing projects have developed by Coldwell Banker Associates in the Albany, Syracuse, and Rochester markets. The sites range from 9 lots to 450 lots. In most cases we located the land, financed the infrastructure, completed all financial analysis, project financing, completed the governmental approval processes, sold the project to builder, and through our affiliate Coldwell Banker Prime Properties marketed the end product to homeowner. Total Value: +/- $400 million	Click for larger image.
Marshall's Plaza: 75,000 sq ft. retail plaza, Balltown Rd. Niskayuna. Services Provided: Marketed the property and sold to end user. Project Value: $5.6 million	Click for larger image.
Mid America Seminary: A 30,000 sq ft. seminary with 120 dormitory housing units in Rotterdam, NY. Services Included: Marketing site, securing purchaser, site development and governmental approval processes. Project Value: $21 million	Click for larger image.
Regional Commercial Mortgage Projects Financed: The principles of Paragon Prime funding have financed and/or managed portfolios exceeding 475 million over the past 20 years. A brief list of these financings include: a $15 million multifamily/tax exempt bond private-placement, a $13.4 million bridge facility for a 183-unit senior living center, a $1.8 million permanent loan for a series of self storage units, a $6.5 million construction loan for an assisted living facility, and an $18 million permanent loan for a high profile urban office project. Paragon Prime Funding maintains an active portfolio of $250 million which includes office, multifamily, retail, warehousing, and special use projects.	Click for larger image.
Albany ARC: An arc facility and 50 residential housing units in Bethlehem, NY. Services Included: Land location, financial analysis and projections, obtaining governmental approvals. Project Value: $3 million	Click for larger image.
CEO Day Care: A 20,000 sq ft. day care center in North Greenbush, NY. Services Included: site selection and land acquisition, financial analysis and projections, development through the governmental approval process, RFP's for engineering and construction, facilitation of an owners construction representative. Project Value: $2 million	Click for larger image.
877 Western Avenue: 877 Western Avenue was previously a doctor's office. The building was listed by Paul Ehmann and sold by Tim Ward to Dr. Tim Esmay to be converted into a Dental office. The purchase price was $800,000.00 for 9,252 SF with 26 private parking spaces. The building is located approximately 2 miles east of the northway on Western Avenue (Route 20). The building is 12 years old with brick construction in excellent condition.	Click for large image.
33-37 Warehouse Row, Town of Colonie: Coldwell Banker Commercial represented the interests of the purchaser, "The Old Brick Furniture Co.", in their acquisition of this 88,000 Square Foot warehouse/distribution facility. Broker services included site location, negotiation of terms, and advising on third party vendors necessary to complete the purchaser due diligence period. Sale of property: $1.6 million	Click for a largere image.