The City of Albany is seeking a developer to purchase the historic “Water, Gas & Light” building at 218 N. Washington Street and redevelop it for mixed‑use or commercial purposes. The developer must acquire the property “as‑is,” perform full interior remediation, structural stabilization, modernize building systems, and preserve the historic brick façade without coating. A detailed redevelopment concept, financial capacity, and a project schedule are required, along with numerous certifications and insurance. The aim is to align the project with the Downtown Albany Master Plan and stimulate downtown revitalization.
• Purchase and “as‑is” acquisition of a 5,100 sf historic building
• Required interior overhaul, structural work, and HVAC/MEP upgrades
• Historic masonry preservation (clean, repair, stabilize; no coating)
• Submission of a redevelopment concept, financing proof, timeline, and all required certifications by Oct 13 2026
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