Cornell’s Baker Program in Real Estate’s Distinguished Speaker Series is pleased to feature Christopher Albanese as the next featured guest for the 2016-2017 series.
Christopher Albanese is President of the Albanese Organization, a full-service real estate development and management firm with over 65 years of experience in residential, commercial office, educational and institutional real estate. He is responsible for sourcing, analyzing, and financing new projects and investments, He also oversees zoning and legal issues and marketing and leasing of the company’s residential properties. Albanese is also a member of the Real Estate Board of New York (REBNY), the Urban Land Institute (ULI), and the Economic Club of New York. Albanese received a B.A. in Economics from Cornell University and a J.D. from St. John’s University School of Law, where he was a member of and published in the St. John’s Law Review.
Outside of work, Albanese dedicates his time to multiple philanthropic causes. Albanese serves as a Board Member for the Center for Hearing, a nonprofit organization that provides services to adults and children with hearing impairments. He is also an advisory board member of New Ground, an organization that provides services for homeless families.
Known for his expertise as a “green” developer, Albanese has created environmentally sensitive projects with lower energy costs, increased demand for units, and increased property values. One of his projects, the Visionaire, is New York City’s first and only LEED Platinum certified condominium building. The 33-story Battery Park property includes several green and energy saving features, some of which include a fresh-air filtration system, a central water filtration system, a natural gas cooling-and-heating system, solar panels, a regenerative braking on elevators, a micro turbine that generates a portion of electricity for the building, an in-building wastewater treatment center, and a rooftop garden that utilizes harvested rainwater for irrigation and reduces storm water run-off. The green features allow the building to reduce its water use by approximately 50 and its energy by more than 35 percent.
As a privately held and family-run organization, Albanese Organization has built and/or renovated over five million square feet of real estate in the New York metropolitan area. Notable projects include 512 West 22nd Street, a 180,000 square foot, Class A commercial office building currently under development in West Chelsea on the High Line; and the recently completed 140,000 square foot, 293-room Hilton Homewood Suites Hotel on West 37th Street off 8th Avenue. The company is also currently serving as development manager for 50 West Street, a $300+ million, 500,000 square foot, luxury residential condominium tower in lower Manhattan.
The Baker Program is pleased to welcome Albanese back to campus. Albanese’s expertise and green-focused development knowledge will undoubtedly provide key insights for students and faculty alike.