Vincent Michael Albanese, Co-Founder and Vice Chairman of the environmentally conscious developer and real estate firm, The Albanese Organization, died May 26. He was 92.
Mr. Albanese began his career as a lawyer in 1949 and became an active member of the New York metropolitan real estate community. He was a graduate of Wesleyan University, St. John’s University School of Law, and undertook graduate studies at Columbia University to pursue politics. Together, with his brother, Anthony, he formed The Albanese Organization based in Garden City in 1949.
The company currently stands as one of the leading green developers on Long Island. Mr. Albanese made it his mission to build with environmentally conscious building materials in his projects. His real estate development, planning and design company prides itself on running 5 million square feet of space while also using energy saving methods. The company has been praised by The Long Island Chapter of the U.S. Green Building Council for accomplishments in implementing green-friendly values in its work.
Most notably, Albanese recently broke ground on a third apartment building in the transformative Wyandanch Village, a $500 million, 40-acre mixed-use neighborhood in one of the most deserving communities on Long Island. The project has served as a model for other developments in the region.
Mr. Albanese is survived by his wife, Niki. He is father to Marisa, James, Christopher, Anthony, and his late daughter, Kathryn. He was also a beloved grandfather, father in law, and brother. He was interred at the Nassau Knolls Cemetery on Wednesday. In lieu of flowers, his family asks for donations to the Long Island Alzheimer’s Foundation or the Northwell Health Hospice Care Network.
