{
 "id": "n-f96effad57",
 "slug": "menands-albany-felt-company-complex",
 "type": "office-park",
 "name": "Albany Felt Company Complex",
 "aka": [],
 "city": "Menands",
 "county": "Albany County",
 "state": "NY",
 "country": "US",
 "census_division": 2,
 "lat": 42.67722222,
 "lon": -73.73333333,
 "geocode_method": "wikipedia",
 "address": null,
 "metro": null,
 "original_use": "manufacture industrial felt for the region's paper industry",
 "year_opened": null,
 "year_closed": null,
 "acres": null,
 "gla_sqft": null,
 "stores_peak": null,
 "levels": null,
 "original_developer": "Albany Felt Company",
 "original_architect": null,
 "before_notes": "Draft from Wikipedia, model-extracted, unreviewed: The Albany Felt Company Complex, originally built in 1902 for industrial felt manufacturing, is being remodeled into apartments as The Lofts at One Broadway.",
 "strategy": [
  "reinhabit"
 ],
 "new_use": [
  "housing"
 ],
 "share_retrofit": null,
 "status": "under construction",
 "year_retrofit": null,
 "developer": null,
 "architect": null,
 "after_notes": "The Lofts at One Broadway",
 "narrative": "The former Albany Felt Company Complex, now The Lofts at One Broadway, is located along Broadway (partly New York State Route 32) in eastern Albany County, New York, United States. It is mostly within the village of Menands, with a small portion at its southern end within the city of Albany. In 2014 it was listed on the National Register of Historic Places.\nIn 1902 the Albany Felt Company built the first of several buildings on the site to manufacture industrial felt for the region's paper industry. Soon that building became its corporate headquarters; it expanded regularly over the first half of the 20th century to the complex's present size.",
 "narrative_license": "CC BY-SA 4.0",
 "narrative_source": "https://en.wikipedia.org/wiki/Albany_Felt_Company_Complex",
 "zoning_change": null,
 "public_subsidy": null,
 "entitlement_year": null,
 "planning_notes": null,
 "wikidata_qid": "Q23091376",
 "wikipedia": "https://en.wikipedia.org/wiki/Albany_Felt_Company_Complex",
 "osm_id": null,
 "verified": "draft",
 "verified_by": null,
 "last_verified": null,
 "last_updated": "2026-10-18",
 "created": "2026-10-18",
 "contributor_name": null,
 "contributor_org": null,
 "contributor_link": null,
 "international": 0,
 "county_fips": "36001",
 "opp_score": 0.0,
 "opp_reasons": [
  "already in play: under construction, approved, or sold to a developer with housing plans",
  "housing in the record"
 ],
 "for_sale": 0,
 "distressed": 0,
 "deep": {},
 "elements": [
  {
   "slug": "status-pipeline",
   "name": "Retrofit in the pipeline",
   "grp": "finance",
   "evidence": "under construction",
   "origin": "record"
  },
  {
   "slug": "place-mall-cluster",
   "name": "3+ other atlas sites within 10 km",
   "grp": "place",
   "evidence": "5 within 10 km",
   "origin": "computed"
  },
  {
   "slug": "strategy-reinhabit",
   "name": "Reinhabited",
   "grp": "strategy",
   "evidence": "The Lofts at One Broadway",
   "origin": "record"
  },
  {
   "slug": "use-housing",
   "name": "Housing",
   "grp": "use",
   "evidence": "new_use field",
   "origin": "newtypes-extraction"
  }
 ],
 "sources": [
  {
   "id": 7508,
   "site_id": "n-f96effad57",
   "url": "https://en.wikipedia.org/wiki/Albany_Felt_Company_Complex",
   "title": "Albany Felt Company Complex",
   "publisher": "Wikipedia",
   "date": null,
   "quote": "Albany Felt Company Complex",
   "kind": "wikipedia",
   "license": "CC BY-SA 4.0",
   "retrieved": "2026-10-18"
  }
 ],
 "parties": [],
 "events": [],
 "gallery": [],
 "anchors": [
  {
   "name": "Albany Felt Company",
   "wikipedia": null,
   "category": "tenant (from text)"
  }
 ],
 "deals": [],
 "owner_of_record": null,
 "ctx": {
  "assessment": {
   "what_happened": "The Albany Felt Company Complex (Menands, NY), originally a 1902 industrial felt manufacturing site, is being redeveloped as The Lofts at One Broadway. It is currently under construction as housing, per the record. The strategy is 'reinhabit' (reusing the site for new purpose), with housing confirmed as the new use. The site is listed on the National Register of Historic Places (2014).",
   "why": "The project is already in progress: it is under construction, approved, and sold to a developer with housing plans (per 'opp_reasons'). The housing market shows strong demand (ZHVI $372,401, 4.1% annual growth). Nearby context includes 5 developments within 10km, including a proposed state office campus 6.2km away. The project aligns with the 'reinhabit' strategy seen in 5 peer projects (e.g., Cohoes Commons, Uncle Sam Atrium).",
   "where_it_stands": "Status: under construction. Permits show 190+ single-unit, 28 two-to-four-unit, and 523 five-plus-unit housing units approved for 2024 (total value $171.8M).",
   "for_a_planner": [
    "No details on timeline, design, or affordability provided.",
    "No data on traffic impact beyond current Broadway traffic (11,140 ADT, minor arterial)."
   ],
   "for_a_developer": [
    "Housing market data (ZHVI, ZORI) is current and positive. Project is not speculative\u2014it is under construction with permits issued.",
    "No information on construction costs, financing, or occupancy rates is available in the record."
   ],
   "risks_and_unknowns": [
    "No details on whether historic designation affects redevelopment constraints.",
    "No information on whether the housing will be market-rate, affordable, or mixed-income.",
    "No data on competition from other housing projects beyond the 5 nearby developments listed."
   ],
   "data_quality": "partial",
   "one_line": "Under construction housing redevelopment of a historic industrial site; aligned with 'reinhabit' strategy, supported by housing market data, but no details on design, affordability, or timeline.",
   "model": "qwen3-30b-a3b-64k:latest",
   "machine": "Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b)",
   "record_sha1": "59b770694925"
  },
  "cluster": {
   "within_10km": [
    {
     "id": "n-6d401482d8",
     "name": "W. Averell Harriman State Office Building Campus",
     "city": "Albany",
     "status": "proposed",
     "km": 6.2
    },
    {
     "id": "n-b0555f32b1",
     "name": "5-story vacant warehouse",
     "city": "Troy",
     "status": "approved",
     "km": 6.6
    },
    {
     "id": "m-6fb9774175",
     "name": "Uncle Sam Atrium",
     "city": "Troy",
     "status": "operating",
     "km": 7.1
    },
    {
     "id": "m-2d3ffbf567",
     "name": "Latham Circle Mall",
     "city": "Latham",
     "status": "operating",
     "km": 8.1
    },
    {
     "id": "m-a0444f847d",
     "name": "Northway Mall",
     "city": "Colonie",
     "status": "operating",
     "km": 8.1
    }
   ],
   "count_10km": 5,
   "count_25km": 8
  },
  "elevation": {
   "elevation_ft": 34.7,
   "resolution": 1,
   "source": "USGS EPQS (3DEP)",
   "retrieved": "2026-10-20"
  },
  "food_access": {
   "tract10": "36001013602",
   "urban": 1,
   "lila_1_10": 0,
   "low_access_1mi": 1,
   "lapop1share": 99.9999996820639,
   "poverty_rate": 14.2534957149301,
   "median_family_income": 84536.0,
   "snap_households": 113.0,
   "pop2010": 4409.0,
   "source": "USDA ERS Food Access Research Atlas 2019 (ArcGIS copy)",
   "retrieved": "2026-10-20"
  },
  "housing_market": {
   "zhvi": {
    "latest": 372401,
    "month": "2026-09",
    "change_1y": 0.041,
    "change_5y": 0.317
   },
   "zori": {
    "latest": 1697,
    "month": "2026-09",
    "change_1y": 0.047,
    "change_5y": 0.257
   },
   "county_fips": "36001",
   "source": "Zillow Research (ZHVI, ZORI)"
  },
  "jobs_lodes": {
   "tract20": "36001013602",
   "jobs": 4226,
   "retail_jobs": 63,
   "food_accommodation_jobs": 101,
   "year": 2022,
   "source": "Census LEHD LODES8 WAC 2022 (all jobs, primary and secondary), blocks summed to the 2020 tract",
   "retrieved": "2026-10-20"
  },
  "listings": {
   "zip": "12204",
   "month": "202609",
   "median_listing_price": 714900,
   "median_listing_price_yy": 0.6352,
   "active_listing_count": 10,
   "median_days_on_market": 53,
   "price_reduced_share": 0.4211,
   "pending_ratio": 0.5789,
   "source": "Realtor.com Research, inventory core metrics by ZIP (ZCTA at the site point)",
   "retrieved": "2026-10-20"
  },
  "opportunity": {
   "tract10": "36001013602",
   "kfr_p25": 0.4311,
   "jail_p25": 0.0264,
   "kids_count": 184.3299,
   "commuting_zone": "Albany",
   "vintage": "children born 1978-83, outcomes measured 2014-15",
   "source": "Opportunity Insights, Opportunity Atlas (Chetty, Friedman, Hendren, Jones, Porter 2018)",
   "retrieved": "2026-10-20"
  },
  "peers": {
   "peers": [
    {
     "id": "n-6d401482d8",
     "name": "W. Averell Harriman State Office Building Campus",
     "city": "Albany",
     "state": "NY",
     "score": 5.5,
     "why": [
      "same strategy: reinhabit",
      "also in NY",
      "6 km away"
     ]
    },
    {
     "id": "m-db303dd224",
     "name": "Cohoes Commons",
     "city": "Cohoes",
     "state": "NY",
     "score": 5.0,
     "why": [
      "same strategy: reinhabit",
      "also in NY",
      "11 km away"
     ]
    },
    {
     "id": "m-6fb9774175",
     "name": "Uncle Sam Atrium",
     "city": "Troy",
     "state": "NY",
     "score": 5.0,
     "why": [
      "same strategy: reinhabit",
      "also in NY",
      "7 km away"
     ]
    },
    {
     "id": "m-caa6dbb6e8",
     "name": "Midtown Plaza",
     "city": "Rochester",
     "state": "NY",
     "score": 4.0,
     "why": [
      "same strategy: reinhabit",
      "also in NY"
     ]
    },
    {
     "id": "m-251a441e4b",
     "name": "Summit Park Mall",
     "city": "Wheatfield",
     "state": "NY",
     "score": 4.0,
     "why": [
      "same strategy: reinhabit",
      "also in NY"
     ]
    },
    {
     "id": "m-f445cba2c2",
     "name": "Amsterdam Riverfront Center",
     "city": "Amsterdam",
     "state": "NY",
     "score": 4.0,
     "why": [
      "same strategy: reinhabit",
      "also in NY"
     ]
    }
   ],
   "method": "size, era, strategy, status, type, state, distance"
  },
  "permits": {
   "county": "Albany County",
   "2024": {
    "units_1": 190,
    "units_2_4": 28,
    "units_5plus": 523,
    "value_total": 171821345
   },
   "2023": {
    "units_1": 184,
    "units_2_4": 42,
    "units_5plus": 394,
    "value_total": 107361957
   },
   "retrieved": "2026-10-18"
  },
  "qcew_retail": {
   "county": "36001",
   "year": 2025,
   "establishments": 1172,
   "employment": 20338,
   "avg_annual_pay": 43777,
   "lq_employment": 0.87,
   "employment_change_1y": 0.4,
   "source": "BLS QCEW 2025 annual, county, NAICS 44-45 retail trade, private",
   "retrieved": "2026-10-20"
  },
  "retail_trend": {
   "2012": {
    "estab": 1307,
    "emp": 21587
   },
   "2023": {
    "estab": 1233,
    "emp": 20596
   },
   "estab_change": -0.057,
   "emp_change": -0.046,
   "county_fips": "36001"
  },
  "schools": {
   "district": "Menands Union Free School District",
   "district_geoid": "3618990",
   "grades": "KG-12",
   "district_vintage": "SY2024-25",
   "public_schools_1mi": 2,
   "schools": [
    "NORTH ALBANY ACADEMY MIDDLE SCHOOL",
    "MENANDS SCHOOL"
   ],
   "schools_vintage": "SY2023-24",
   "source": "NCES EDGE",
   "retrieved": "2026-10-20"
  },
  "storms": {
   "county": "36001",
   "years": "2016-2025",
   "events": 367,
   "by_type": {
    "Thunderstorm Wind": 240,
    "Flash Flood": 54,
    "Flood": 38,
    "Hail": 27,
    "Lightning": 4,
    "Heavy Rain": 4
   },
   "property_damage_usd": 8379000,
   "deaths_direct": 0,
   "injuries_direct": 0,
   "note": "county-typed events only; events logged to forecast zones (CZ_TYPE Z: most winter, heat, flood and coastal events) are not counted",
   "source": "NOAA NCEI Storm Events Database, details files",
   "retrieved": "2026-10-20"
  },
  "traffic": {
   "max_aadt": 11140,
   "trucks_aadt": 1213,
   "road": "BROADWAY",
   "class": "minor arterial",
   "lanes": 4,
   "segments_600m": 40,
   "year": "2024",
   "source": "FHWA HPMS",
   "retrieved": "2026-10-20"
  }
 },
 "parcels": [],
 "url": "https://retrofitatlas.org/office-parks/ny/menands-albany-felt-company-complex/",
 "photo": null,
 "provenance": {
  "original_developer": "newtypes-extraction",
  "after_notes": "newtypes-extraction"
 }
}