Purchase Option Approved for Gordon Hotel Site

The City of Albany approved a purchase option agreement granting WA Albany LLC the right to acquire 126 North Washington Street for $100 plus a $10 option fee to support the Gordon Hotel redevelopment. The Downtown Development Authority will hold site control, negotiate final sale terms, and work with the City and developer on HUD Section 108 financing during the multi‑stage option term.

Document date · September 1, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$100.00 purchase price; $10.00 option fee

Contract type

OTHER

Contract term

Option term of 3 months from HUD 108 Approval Date, with two additional 3‑month extension periods; closing no later than 120 days after Option Effective Date

Renewal

Option term may be extended twice for three months each upon written notice; closing must occur within 120 days of option exercise. No automatic renewal beyond defined extensions.

Document type

AgendaPacket

Source document

City of Albany Board of City Commissioners Agenda Packet 2026-09-01

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Albany?

Wa Albany Llc was awarded this government contract by City of Albany, as recorded on September 1, 2026. The contract value is $100.00 purchase price; $10.00 option fee.

How much is the Wa Albany Llc contract with City of Albany worth?

The Wa Albany Llc contract with City of Albany is valued at $100.00 purchase price; $10.00 option fee.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Albany Board of City Commissioners Agenda Packet 2026-09-01 (AgendaPacket), dated September 1, 2026 from City of Albany. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wa Albany Llc hold?

Wa Albany Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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