Harmony Group

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Harmony Group

Based in Albany, New York, Harmony Group Capital, LLC is a respected commercial real estate investment and development firm known for transforming undervalued properties into high-quality, valuable assets. The firm specializes in identifying distressed properties and undertaking complex development projects nationwide. Harmony Group’s commitment to excellence is evident in every project, as the firm ensures that all developments meet the highest standards of service and quality while positively contributing to the communities where they operate.

One of the key principles that sets Harmony Group apart is its dedication to historic preservation. The firm understands the value of maintaining the architectural integrity of the buildings it acquires, seeing each property’s history as an essential component of its future. Instead of erasing the past, Harmony Group seeks to honor and preserve the unique features of each building, integrating modern amenities and functionality while keeping the historical significance intact. This thoughtful approach not only enriches the community but also ensures that residents can connect with the building’s past while enjoying the comforts of modern living.

A standout example of Harmony Group’s approach to redevelopment is the restoration of Harmony Mills in Cohoes, New York. This $25 million project transformed the world’s largest cotton mill, originally built in 1872, into 231 luxury apartments. The building’s iconic architecture was preserved, and modern features such as soaring ceilings and a fitness center were added. The redevelopment breathed new life into the property and contributed significantly to the revitalization of Cohoes, stimulating economic growth and helping to bring vitality back to the area. This project exemplifies Harmony Group’s ability to combine history with modernity, creating vibrant living spaces that benefit the community and the firm’s long-term goals.

Another noteworthy project by Harmony Group is the Albany Lofts at One Broadway, located in Menands, New York. This redevelopment involved converting the former headquarters of the Albany Felt Company into upscale residential lofts. Harmony Group maintained the structure's historical charm while transforming it into a desirable modern living space by preserving its original industrial features, such as large windows, high vaulted ceilings, and hardwood floors. The redevelopment of this historic site revitalized the surrounding neighborhood, helping to attract residents and businesses to the area.

The impact of Harmony Group’s work extends beyond the buildings themselves. The firm’s focus on adaptive reuse has played a key role in revitalizing entire neighborhoods. The transformation of Harmony Mills, for instance, helped reverse decades of population decline in Cohoes, as evidenced by the 2010 census, which marked the first population growth in the city since 1930. By repurposing old industrial sites, Harmony Group preserves crucial architectural history and injects new life into struggling areas, creating long-term value for the community and investors.

Uri Kaufman, one of the founders of Harmony Group, transitioned from a successful legal career to real estate development after recognizing the potential of historic properties in Upstate New York. Kaufman founded the firm to transform underutilized industrial buildings into vibrant, modern spaces that serve the community's needs. His passion for historic preservation and community revitalization continues to guide Harmony Group’s projects, ensuring that each development reflects a commitment to preserving the past while enhancing the future.

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