Modern Home Builder - Winter 2016 - Volume 2 - 143


Rossi adds that the residential services package generates income for the company and boosts the building's appraised value.
"It's a little more work up front, but the return on investment is a
no-brainer," he says.
The apartments also feature home automation solutions including Bluetooth door locks, thermostats and lighting that can
be controlled remotely. Yet many of the vintage characteristics of
the warehouse, such as exposed beams, were preserved during the
restoration, Rossi says. "It's a mix of the old and new," he says.

GETTING STARTED
Redburn Development was founded in 2012, shortly after Rossi
and Blackburn sold BullEx, a company they founded that manufactured firefighter service training equipment. At the time of the
sale, BullEx had 150 employees and built firefighter training centers in the United States, Europe, China and Australia. "We had
a lot of technology experience, a lot of technology background,"
Rossi says. The duo decided to apply that experience to real estate
development, which they started with some smaller residential developments in Troy. "We wanted to get a couple of projects under
our belts," Rossi recalls.
The first of those projects was the River Street Lofts, which involved the renovation of a vacant 125-year-old building into 21 upscale apartments and three retail storefronts. The River Street Lofts
was the first apartment building in downtown Troy to use green energy and environmentally friendly building techniques, Rossi says.
The project won the Revitalize Troy award from the city.
The building's roof is covered by solar panels, which generate almost 40 percent of residential power. The building also has
high-efficiency hot water heaters, lighting, gas furnaces and air
conditioners, he says.
Rossi adds that the company's key differentiator is the business
and technology experience he and his partner possess. "We're entrepreneurs doing development," he says. "We have a fresh perspective."
They also believed the former ladder factory was an ideal location for the loft development. "The building was maintained, and
it is also in a really good location," Rossi says. The complex is located in the heart of the Albany Capital District, the third-largest
metropolitan region in New York. It is situated near in a residential
neighborhood, and walking and biking paths as well as the Hudson
River are nearby.
Rossi and Blackburn used their marketing backgrounds to promote the Tilley Lofts, relying heavily on social media platforms.
"Facebook is our No. 1 advertiser," Rossi says. Additionally, the
company website featured 3-D floor plans of the units several
months before construction was completed.
Redburn Development required less than one year to complete
the project. The company acquired the warehouse in December
2014, started construction in April and welcomed the first tenants

"We're entrepreneurs doing
development.We have a fresh
perspective."
TOM ROSSI, CO-OWNER

in October. The building was almost 100 percent occupied before
the end of the year. Rossi adds that Tilley Lofts' rents are affordable
despite the amenities and sustainable features. The average rent is
between $1,100 and $1,150, he says.
Redburn Development is looking to the future with plans to
renovate historic School Building No. 1 in Troy into a 28-unit
apartment building with numerous sustainable features, Rossi says.
The key challenge will be to restore the building without replacing
the existing boiler, pipes or electrical wiring, he says. The company also plans to restore one of Hudson's oldest warehouses into a
boutique hotel with 54 rooms. )

Winter 2016 Volume 2 www.mhb-magazine.com

143


http://www.mhb-magazine.com

Table of Contents for the Digital Edition of Modern Home Builder - Winter 2016 - Volume 2

Contents
Modern Home Builder - Winter 2016 - Volume 2 - Cover1
Modern Home Builder - Winter 2016 - Volume 2 - Cover2
Modern Home Builder - Winter 2016 - Volume 2 - 1
Modern Home Builder - Winter 2016 - Volume 2 - 2
Modern Home Builder - Winter 2016 - Volume 2 - Contents
Modern Home Builder - Winter 2016 - Volume 2 - 4
Modern Home Builder - Winter 2016 - Volume 2 - 5
Modern Home Builder - Winter 2016 - Volume 2 - 6
Modern Home Builder - Winter 2016 - Volume 2 - 7
Modern Home Builder - Winter 2016 - Volume 2 - 8
Modern Home Builder - Winter 2016 - Volume 2 - 9
Modern Home Builder - Winter 2016 - Volume 2 - 10
Modern Home Builder - Winter 2016 - Volume 2 - 11
Modern Home Builder - Winter 2016 - Volume 2 - 12
Modern Home Builder - Winter 2016 - Volume 2 - 13
Modern Home Builder - Winter 2016 - Volume 2 - 14
Modern Home Builder - Winter 2016 - Volume 2 - 15
Modern Home Builder - Winter 2016 - Volume 2 - 16
Modern Home Builder - Winter 2016 - Volume 2 - 17
Modern Home Builder - Winter 2016 - Volume 2 - 18
Modern Home Builder - Winter 2016 - Volume 2 - 19
Modern Home Builder - Winter 2016 - Volume 2 - 20
Modern Home Builder - Winter 2016 - Volume 2 - 21
Modern Home Builder - Winter 2016 - Volume 2 - 22
Modern Home Builder - Winter 2016 - Volume 2 - 23
Modern Home Builder - Winter 2016 - Volume 2 - 24
Modern Home Builder - Winter 2016 - Volume 2 - 25
Modern Home Builder - Winter 2016 - Volume 2 - 26
Modern Home Builder - Winter 2016 - Volume 2 - 27
Modern Home Builder - Winter 2016 - Volume 2 - 28
Modern Home Builder - Winter 2016 - Volume 2 - 29
Modern Home Builder - Winter 2016 - Volume 2 - 30
Modern Home Builder - Winter 2016 - Volume 2 - 31
Modern Home Builder - Winter 2016 - Volume 2 - 32
Modern Home Builder - Winter 2016 - Volume 2 - 33
Modern Home Builder - Winter 2016 - Volume 2 - 34
Modern Home Builder - Winter 2016 - Volume 2 - 35
Modern Home Builder - Winter 2016 - Volume 2 - 36
Modern Home Builder - Winter 2016 - Volume 2 - 37
Modern Home Builder - Winter 2016 - Volume 2 - 38
Modern Home Builder - Winter 2016 - Volume 2 - 39
Modern Home Builder - Winter 2016 - Volume 2 - 40
Modern Home Builder - Winter 2016 - Volume 2 - 41
Modern Home Builder - Winter 2016 - Volume 2 - 42
Modern Home Builder - Winter 2016 - Volume 2 - 43
Modern Home Builder - Winter 2016 - Volume 2 - 44
Modern Home Builder - Winter 2016 - Volume 2 - 45
Modern Home Builder - Winter 2016 - Volume 2 - 46
Modern Home Builder - Winter 2016 - Volume 2 - 47
Modern Home Builder - Winter 2016 - Volume 2 - 48
Modern Home Builder - Winter 2016 - Volume 2 - 49
Modern Home Builder - Winter 2016 - Volume 2 - 50
Modern Home Builder - Winter 2016 - Volume 2 - 51
Modern Home Builder - Winter 2016 - Volume 2 - 52
Modern Home Builder - Winter 2016 - Volume 2 - 53
Modern Home Builder - Winter 2016 - Volume 2 - 54
Modern Home Builder - Winter 2016 - Volume 2 - 55
Modern Home Builder - Winter 2016 - Volume 2 - 56
Modern Home Builder - Winter 2016 - Volume 2 - 57
Modern Home Builder - Winter 2016 - Volume 2 - 58
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Modern Home Builder - Winter 2016 - Volume 2 - 60
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Modern Home Builder - Winter 2016 - Volume 2 - 63
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Modern Home Builder - Winter 2016 - Volume 2 - 65
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Modern Home Builder - Winter 2016 - Volume 2 - 72
Modern Home Builder - Winter 2016 - Volume 2 - 73
Modern Home Builder - Winter 2016 - Volume 2 - 74
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Modern Home Builder - Winter 2016 - Volume 2 - 76
Modern Home Builder - Winter 2016 - Volume 2 - 77
Modern Home Builder - Winter 2016 - Volume 2 - 78
Modern Home Builder - Winter 2016 - Volume 2 - 79
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Modern Home Builder - Winter 2016 - Volume 2 - 81
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Modern Home Builder - Winter 2016 - Volume 2 - 83
Modern Home Builder - Winter 2016 - Volume 2 - 84
Modern Home Builder - Winter 2016 - Volume 2 - 85
Modern Home Builder - Winter 2016 - Volume 2 - 86
Modern Home Builder - Winter 2016 - Volume 2 - 87
Modern Home Builder - Winter 2016 - Volume 2 - 88
Modern Home Builder - Winter 2016 - Volume 2 - 89
Modern Home Builder - Winter 2016 - Volume 2 - 90
Modern Home Builder - Winter 2016 - Volume 2 - 91
Modern Home Builder - Winter 2016 - Volume 2 - 92
Modern Home Builder - Winter 2016 - Volume 2 - 93
Modern Home Builder - Winter 2016 - Volume 2 - 94
Modern Home Builder - Winter 2016 - Volume 2 - 95
Modern Home Builder - Winter 2016 - Volume 2 - 96
Modern Home Builder - Winter 2016 - Volume 2 - 97
Modern Home Builder - Winter 2016 - Volume 2 - 98
Modern Home Builder - Winter 2016 - Volume 2 - 99
Modern Home Builder - Winter 2016 - Volume 2 - 100
Modern Home Builder - Winter 2016 - Volume 2 - 101
Modern Home Builder - Winter 2016 - Volume 2 - 102
Modern Home Builder - Winter 2016 - Volume 2 - 103
Modern Home Builder - Winter 2016 - Volume 2 - 104
Modern Home Builder - Winter 2016 - Volume 2 - 105
Modern Home Builder - Winter 2016 - Volume 2 - 106
Modern Home Builder - Winter 2016 - Volume 2 - 107
Modern Home Builder - Winter 2016 - Volume 2 - 108
Modern Home Builder - Winter 2016 - Volume 2 - 109
Modern Home Builder - Winter 2016 - Volume 2 - 110
Modern Home Builder - Winter 2016 - Volume 2 - 111
Modern Home Builder - Winter 2016 - Volume 2 - 112
Modern Home Builder - Winter 2016 - Volume 2 - 113
Modern Home Builder - Winter 2016 - Volume 2 - 114
Modern Home Builder - Winter 2016 - Volume 2 - 115
Modern Home Builder - Winter 2016 - Volume 2 - 116
Modern Home Builder - Winter 2016 - Volume 2 - 117
Modern Home Builder - Winter 2016 - Volume 2 - 118
Modern Home Builder - Winter 2016 - Volume 2 - 119
Modern Home Builder - Winter 2016 - Volume 2 - 120
Modern Home Builder - Winter 2016 - Volume 2 - 121
Modern Home Builder - Winter 2016 - Volume 2 - 122
Modern Home Builder - Winter 2016 - Volume 2 - 123
Modern Home Builder - Winter 2016 - Volume 2 - 124
Modern Home Builder - Winter 2016 - Volume 2 - 125
Modern Home Builder - Winter 2016 - Volume 2 - 126
Modern Home Builder - Winter 2016 - Volume 2 - 127
Modern Home Builder - Winter 2016 - Volume 2 - 128
Modern Home Builder - Winter 2016 - Volume 2 - 129
Modern Home Builder - Winter 2016 - Volume 2 - 130
Modern Home Builder - Winter 2016 - Volume 2 - 131
Modern Home Builder - Winter 2016 - Volume 2 - 132
Modern Home Builder - Winter 2016 - Volume 2 - 133
Modern Home Builder - Winter 2016 - Volume 2 - 134
Modern Home Builder - Winter 2016 - Volume 2 - 135
Modern Home Builder - Winter 2016 - Volume 2 - 136
Modern Home Builder - Winter 2016 - Volume 2 - 137
Modern Home Builder - Winter 2016 - Volume 2 - 138
Modern Home Builder - Winter 2016 - Volume 2 - 139
Modern Home Builder - Winter 2016 - Volume 2 - 140
Modern Home Builder - Winter 2016 - Volume 2 - 141
Modern Home Builder - Winter 2016 - Volume 2 - 142
Modern Home Builder - Winter 2016 - Volume 2 - 143
Modern Home Builder - Winter 2016 - Volume 2 - 144
Modern Home Builder - Winter 2016 - Volume 2 - 145
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Modern Home Builder - Winter 2016 - Volume 2 - 150
Modern Home Builder - Winter 2016 - Volume 2 - 151
Modern Home Builder - Winter 2016 - Volume 2 - 152
Modern Home Builder - Winter 2016 - Volume 2 - Cover3
Modern Home Builder - Winter 2016 - Volume 2 - Cover4
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