ALBANY, GA (WALB) - Albany city commissioners unanimously approved on Tuesday the sale of a vacant downtown building that will become new apartments.
A private investment group will pay $50 thousand for the Albany Heights building on Pine Avenue. The company plans to renovate it into 74 apartments plus retail space on the first floor.
City leaders are excited about the downtown growth.
"It's right on Pine. It's across the street from the government center and down the street from our other project which is the microbrewery and this is really a game changer for downtown. I consider this a homerun for us," said Albany City Manager Sharon Subadan.
Construction is scheduled to start within ten months.
And the commission also approved another major downtown project Tuesday, the city will contribute $1.25 million to help develop a microbrewery at the Art Park and an Albany Herald building on Pine Avenue.
A local company led by surgeon Tripp Morgan will invest $4.4 million to the project.
No timetable was placed on the project but the city manager believes that both of the projects will lead to more growth in downtown Albany.