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Downtown museum project moves to construction; Davis Exchange redevelopment reports progress
Summary
City staff and museum officials said the Albany Museum of Art downtown project is on schedule with LRA Constructors selected and a $22.9 million construction cap; the Davis Exchange development is roughly 15% complete with 56 total residential units planned across two buildings.
Officials updated the Albany City Commission on two major downtown projects during the Feb. 3 work session: the Albany Museum of Art adaptive-reuse project and the Davis Exchange redevelopment.
Dr. Andy Wolf, who led the museum presentation, said the museum selected LRA Constructors after an RFQ/RFP process and interviews with three finalists. He said the current construction contract is a "not to exceed" $22,904,559 figure for construction alone, below the earlier planning figure of $25 million. "We chose LRA Constructors... the capital stack is…
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