In the heart of downtown Albany, a significant redevelopment project is poised to breathe new life into the historic Union Station, formerly known as Peter Cannon Plaza. During a recent Albany Planning Board meeting, project representatives reintroduced their plans, which have been in the works for nearly two years, aiming to balance financial viability with the preservation of this architectural gem.

The project will transform the upper floors of the station into 15 residential apartments while maintaining the grandeur of the main lobby for public use. This lobby, a centerpiece of the building, will not undergo significant alterations, preserving its historical integrity. The developers emphasized their commitment to using historically appropriate methods for any exterior work, as the building is listed on the National Register of Historic Places.

While the exterior will largely remain untouched, the project includes plans for minor improvements, such as updating light fixtures and landscaping. The developers are also keen on enhancing the lobby's functionality, envisioning it as a space for community events, pop-up shops, and public gatherings. They highlighted successful past events, like the downtown holiday market, as examples of how the space could be utilized to foster community engagement.

However, the project does not include plans for a grocery store or other retail spaces, which has raised concerns among board members about the need for more amenities in the area. The developers acknowledged the challenges of attracting retail tenants but expressed hope that increasing residential density would eventually lead to more commercial opportunities.

The meeting also touched on the project's compliance with local housing requirements, confirming that the apartments will meet the city's 60% Area Median Income (AMI) threshold, aimed at providing workforce housing. Despite the absence of luxury units, the developers are focused on creating a vibrant living environment that complements the downtown area.

As the project moves forward, the developers are set to incorporate feedback from the planning board into their revised materials. With construction anticipated to begin in the coming months, the revitalization of Union Station stands as a promising step toward enhancing Albany's urban landscape and community spirit.