Arcade Building

Albany , New York
Cost: $10,000,000 | Previous Use: Retail & Offices | Current Use: Retail & Apartments

Project Details

Located in downtown Albany, the Arcade Building was constructed in 1928 in the Art Deco style. Fairbank Properties recently completed the rehabilitation using state and federal historic tax credits to finance the conversion of the building into ground floor retail with luxury apartments above. As part of the project, the 3,000 square foot retail arcade was restored as a unique indoor retail space.


Incentives Utilized:


  • Federal Historic Tax Credits
  • New York State Historic Tax Credits (New York State Tax Credit Program for Incoming Producing Properties)