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Kaufman confident in $29.5M risk

2015-03-27 11:33:50| Paper - Topix.net

The upcoming $29.5 million conversion of the former Albany International corporate headquarters and manufacturing plant in Menands into luxury apartments illustrates the risks many developers must take to get projects done. If the ambitious transformation of the 400,000-square-foot former factory in Menands into 145 apartments fails, Kaufman and Schwartz will be on the hook to repay the loan.

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