Colonie Land for Sale - E Outer Albany County
Meridian Investment Sales and Trinity Realty Group are pleased to present the exclusive offering for 205 Wolf Road — a 12.7-acre development opportunity located in Albany, New York. The site is located right off the NYS Thruway with a three-minute drive to the Albany International Airport and a 15-minute drive to Downtown Albany. Currently the site includes one two-story building (formerly a Red Lion Hotel), one vacant six-story hotel (formerly, the Turf Inn) and approximately 648 parking spots. The two-story building is approximately 160,000 square feet and has 198 rooms, including a restaurant, two large ballrooms, conference rooms and offices. The six-story building is approximately 70,000 square feet and includes 115 rooms, each with an exterior window, a bar/lounge space, game room and outdoor pool.
RESIDENTIAL CONVERSION — BUILDING 1
- 135,000 square feet of Building 1 may be converted into 96 garden-style apartments with amenities including an atrium lounge, fitness center and pool.
RETAIL DEVELOPMENT — BUILDING 1
- 25,000 square feet of Building 1 may be developed into a retail hub.
- Three pad sites on Wolf Road (15,000 SF)
- One pad site on Marcus Boulevard (2,500 SF)
HOTEL REDEVELOPMENT — BUILDING 2
- This 70,000 square foot, six-story building is currently vacant and may be renovated into a boutique, high-end hotel.
OTHER-USES
- Entertainment center (arcade, 3D virtual experience, sports center, etc.)
- Education/non-profit
- Medical/corporate offices
- Senior housing/assisted living
