Harmony Group
Real Estate Investment Firm
Based in Albany, New York, Harmony Group is a prominent real estate investment and development firm specializing in transforming undervalued and distressed properties into high-quality assets. Focusing on complex redevelopment projects nationwide, the firm has built a reputation for identifying potential in overlooked buildings and bringing them back to life. Harmony Group’s commitment to excellence ensures that every project meets the highest standards of service and quality, with a long-lasting positive impact on the communities it serves.
One of the core principles that drives Harmony Group 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 part of its future. Rather than demolishing or erasing the past, Harmony Group works to preserve and enhance the unique features of each building while transforming it into a modern, functional space. This approach respects the past and creates meaningful spaces that enrich the community.
Harmony Group’s transformation of Harmony Mills in Cohoes, New York, is a prime example of its expertise in historic redevelopment. The $25 million project revitalized the world’s largest cotton mill, originally built in 1872, into 231 luxury apartments. The firm carefully preserved the building’s historical architecture, incorporating modern amenities like high ceilings, a fitness center, and breathtaking views of the Mohawk River. The successful conversion of Harmony Mills not only revitalized the building but also played a vital role in rejuvenating the Cohoes community, sparking local economic growth and attracting new residents to the area.
Another significant project by Harmony Group Capital, LLC, is the redevelopment of the Albany Lofts at One Broadway in Menands, New York. The firm took the former headquarters of the Albany Felt Company. It transformed into upscale residential lofts while preserving the building’s original industrial features, such as large windows and high ceilings. The redevelopment project revitalized the surrounding neighborhood, providing modern living spaces in a building that retains its historical character. Harmony Group’s work at One Broadway demonstrates its ability to blend historical preservation with modern development, creating desirable living spaces that enrich the building and the community.
Through its various projects, Harmony Group has proven its ability to breathe new life into communities. The firm’s adaptive reuse of buildings like Harmony Mills has impacted the surrounding areas. In Cohoes, for example, the revitalization of Harmony Mills contributed to the city’s first population growth in 80 years, reversing decades of decline. These successful redevelopment projects illustrate how Harmony Group’s commitment to preserving history can lead to positive social, economic, and cultural change.
Uri Kaufman, one of the founders of Harmony Group, transitioned from a legal career to real estate development, driven by a passion for preserving historic buildings and revitalizing communities. Kaufman founded Harmony Group to transform abandoned industrial sites into vibrant, modern spaces that provide long-term value to the community. His commitment to historic preservation and his expertise in law have guided the firm’s approach to real estate development, ensuring that each project contributes to the community’s growth while honoring the past.