Plans to construct a four-story apartment and commercial building on the city-owned site of the former branch of Wells Fargo Bank in downtown Albany are once again up in the air.
Sable Drive LLC, one of the companies of Albany developer Scott Lepman, has an option to buy the property for $310,000, but the option requires him and the city to reach a development agreement by the end of this month.
On Wednesday, Lepman told the Albany Redevelopment Agency of several problems keeping him from going ahead. In response the agency, consisting of the city council and mayor, voted 5-2 to extend the deadline for the development agreement to Nov. 30. Council members Michael Thomson and Carolyn McLeod voted “no.”…