Advisory - League Announces Loan to Rehab Albany Building

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ALBANY, NY (08/01/2011)(readMedia)-- Stabilization work begins on endangered historic building following approval of $100,000 loan from Preservation League.

WHO: Jay DiLorenzo, The Preservation League of New York State

Susan Holland, Historic Albany Foundation

Brian Parker, Orion Enterprises LLC

WHEN: Wednesday, August 3, 10:00 a.m.

WHERE: Former Third Precinct Police Station

222 North Pearl Street

Albany, NY

FAST FACTS:

• The Preservation League will announce a loan from its Endangered Properties Intervention Program (EPIP) to an Albany-based building and restoration company with plans to restore the 1906 former Third Precinct Police Station in Albany.
• The property was named to Historic Albany Foundation's Endangered Historic Resources list in 2005.
• Designed by architect Walter Hunter Van Guysling in 1906.
• Van Guysling was born in Albany in 1878, trained as a draftsman under Capitol architect Isaac Perry and was an apprentice of Marcus T. Reynolds.
• Orion Enterprises of Albany plans to reuse the property as a multi-unit apartment building.
• Orion recently converted two multi-family buildings on the same block of North Pearl Street to market-rate apartments, and these units are fully occupied, and also restored two buildings on Ten Broeck Place.
• The Preservation League will also discuss the significance of legislation recently signed by Governor Cuomo allowing the creation of municipal land banks.