Portfolio

Estee Commons Apartment Building

Purchased as a distressed asset in November 2016 at a 60% discount, this property represents an opportunistic buy on a stable, cash flowing property.  The Property consists of a 47,655 square foot Building that includes 39 professionally designed apartment units; (3)...

Residences at Capital Center

Once complete in late 2017, the $7 million conversion of the upper floors of this 100,000 sq. ft. building in the heart of downtown Albany, NY will be known as the Capital Center Apartments.  The 36 upscale residential units will boast such amenities as hardwood...

Lofts at Union Square

The Lofts at Union Square is Phase II of the HPD Union Square complex that was the first to bring upscale market rate residential units to this section of downtown. This building features a commercial space on the lower level with 10 high-end apartments on 3 floors...

State Street Apartments

Located at 200 State Street in Schenectady, NY, this early 19th century building was home to Schenectady’s first YMCA, and among other occupants was home to the Spencer Business School for many years. After sitting vacant for nearly 5 years HPD purchased the 14,000...

50 South Pearl Street

HPD has invested $2.5 million to transform the 21,500 sq. ft. Albany, NY property, mostly vacant since 2011, into 16 luxury market-rate apartments combined with street level retail and commercial space. The property is directly across the street from the Times Union...

Townhomes of Union Square

In 2012 the firm invested over $1.6mm to demolish 5 blighted buildings at the corner of Union and Barrett streets in downtown Schenectady to build this 8,000 square foot building that houses 8 town home style apartments. This project was the first new construction...

Penta on Broadway

This five story, 18,000 square foot 19th century building sat vacant for 7 years after a flood damaged the property. In 2012 HPD secured the property and invested $1.4mm to convert the building to 14 beautiful apartments with a commercial office...

New Holland Apartments

This building sits in the heart of downtown Schenectady and is conveniently located within walking distance of the many amenities offered by this rapidly developing city. Prior to HPD's 2011 purchase of the property, it was a 24 unit rooming...

70 Morris St

This charming building dates back to the early 1900s and now is a great example of the revitalization we see happening in the Park South neighborhood of Albany. This property sat vacant for over 20 years prior to HPD's approximately $900,000...