Albanese Organization

What Albanese Organization does

Albanese Organization, Inc. is a privately held, full-service real estate development firm headquartered in Garden City, New York, founded in 1949 and operating with 51–100 employees across Long Island and New York State. The firm offers four core capabilities — Development, Sustainability, Asset Management, and Development Management — and historically focuses on commercial and residential real estate projects of distinction. Its revenue model is project-based, relying on developer fees, asset management fees, and contract-based engagements rather than publicly disclosed pricing, consistent with private mid-sized development firms.

The company's most significant current engagement is New York BioGenesis Park, a $430 million Cell and Gene Therapy Innovation Hub located in Nassau County, Long Island. Phase One comprises 331,000 square feet on Northwell Health's Lake Success campus, with the full build-out spanning 700,000 square feet. The project is supported by a $150 million state investment from New York — the largest statewide commitment to a cell and gene therapy hub nationally — secured under Governor Kathy Hochul's leadership, and is co-developed in strategic partnership with Northwell Health, which serves as the anchor host campus. The project is expected to generate approximately 830 union construction jobs and 700 cell and gene therapy positions.

Albanese's go-to-market is relationship-driven rather than channel-driven, centered on direct business development, long-standing institutional partnerships, and government engagement. Its entry into the life sciences and healthcare vertical — serving cell and gene therapy companies, healthcare providers, and research institutions requiring purpose-built specialized facilities — marks a meaningful diversification from its traditional commercial and residential base. The company is independently owned, with co-founders Anthony A. Albanese and Vincent M. Albanese serving as Chairman Emeritus, and no institutional investor or parent-company backing is publicly disclosed.

Name

Albanese Organization

Legal name

Albanese Organization, Inc.

Website

https://albaneseorg.com

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

51–100 employees

Short description

Albanese Organization is a privately held, full-service real estate development firm founded in 1949, headquartered in Garden City, New York, that develops commercial, residential, and increasingly life sciences properties across Long Island and New York State. It is currently building the $430 million New York BioGenesis Park cell and gene therapy hub in partnership with Northwell Health and New York State.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Engineering Services (541330), Management, Scientific, and Technical Consulting Services (5416)

SIC

Operative Builders (1531), Services-Engineering Services (8711)

akta.pro primary industry

Infrastructure, Housing & Community Development (BPAGABAL)

Keywords

• Commercial real estate development
• Residential real estate development
• Real estate asset management
• Construction management
• Sustainable building development

Headquarters

HQ city

Garden City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations

Core offering

Albanese Organization is a full-service real estate development firm that develops commercial and residential properties, with capabilities spanning Development, Sustainability, Asset Management, and Development Management. The firm is currently developing large-scale, specialized projects such as the $430 million New York BioGenesis Park, a 700,000 square foot Cell and Gene Therapy Innovation Hub on Long Island.

Product overview

Albanese Organization is a real estate development company. Based on available source data, the company offers services in Development, Sustainability, Asset Management, and Development Management capabilities. A notable project referenced is New York BioGenesis Park, a $430 million Cell and Gene Therapy Innovation Hub in Nassau County, Long Island, to be developed by the company. No detailed product descriptions or specific named products/modules were available in the source material.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Development Full-service real estate development of commercial and residential buildings, including large-scale specialized facilities such as the $430 million New York BioGenesis Park Cell and Gene Therapy Innovation Hub.
• Sustainability Services Sustainability-focused real estate services integrated into property development and operations for commercial and residential buildings.
• Asset Management Asset management services for real estate holdings, covering operational and financial oversight of the firm's commercial and residential portfolio.
• Development Management Development management services provided to oversee and coordinate complex real estate construction projects on behalf of stakeholders.

Quantifiable outcome

• Expected to create approximately 830 union construction jobs and 700 Cell and Gene Therapy-related positions

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Northwell HealthcoreStrategic or Co-development Partner · 22 October 2024Northwell Health serves as the host campus for the New York BioGenesis Park project in Lake Success, Long Island. The Albanese Organization is developing the 700,000 square foot Cell and Gene Therapy Innovation Hub on Northwell Health's campus, making this a strategic co-development partnership for healthcare and life sciences infrastructure.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Forest City Realty Trust (now part of Brookfield Properties): Long-tenured, multi-decade developer of mixed-use and specialized institutional real estate with significant New York exposure—comparable heritage, scale, and mixed-use development orientation to Albanese Organization.
• Tishman Speyer: Global real estate developer with substantial New York presence and growing life-sciences portfolio; competes for institutional and government-backed development mandates similar to the BioGenesis Park.
• Skanska USA Commercial Development: Vertically integrated developer-builder that develops and constructs large commercial and life-sciences projects, often partnering with public agencies—comparable full-lifecycle platform to Albanese's development + development management capabilities.
• Alexandria Real Estate Equities: The dominant publicly traded life-sciences real estate developer and owner, building and operating GMP lab and manufacturing campuses for cell and gene therapy tenants—directly comparable to Albanese's BioGenesis Park mandate, but at a much larger national scale.
• Lincoln Property Company: National full-service real estate firm with development, asset management, and development management capabilities analogous to Albanese's stated service lines, including healthcare and life-sciences-adjacent projects.
• Related Companies: Major New York-based developer with a portfolio spanning mixed-use, commercial, and specialized institutional projects; competes with Albanese for high-profile public-private and healthcare-related developments in the New York market.

Regional players

• Turner Construction Company: Major construction manager with a strong New York and healthcare presence, routinely delivering large hospital and research facilities; an alternative delivery partner or competitor for the build phase of complex life-sciences projects like Albanese's hub.
• Gilbane Building Company: Privately held construction and development firm with deep life-sciences, healthcare, and public-sector project experience on the East Coast—comparable size, ownership structure, and institutional client focus to Albanese.

Direct peers

• Wexford Science + Technology: Developer of purpose-built university- and healthcare-anchored life-sciences and innovation districts, with deep public-private partnership experience—closely aligned with Albanese's Northwell Health-anchored hub and state-funded development model.
• Trammell Crow Company: Large national real estate developer with an active life-sciences and healthcare practice developing complex, large-footprint facilities for institutional and healthcare clients—comparable to Albanese's full-service development model on the BioGenesis Park.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/Albanese_Org
• Facebookfacebook.com/albaneseorg

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Albanese Organization