March 21 - April 3, 2017

Digital Edition

Professional Profiles


Professional Profile: Russell Matthews 2004


  • Title: Executive Vice President
  • Company: Albanese Organization
  • Location: New York, NY
  • Birthplace: N/A

1) Please discuss four charitable/organizational involvements. I represent the Albanese Organization on several Boards, including the Garden City Chamber of Commerce, the Mental Health Association of Nassau County and the Coalition Against Child Abuse and Neglect. I am also a member of the Council of Overseers at Tilles Center and am on the Corporate Committee of the Nassau County Museum of Art.

2) What is the most notable transaction or project in which you have been recently involved? The adaptive reuse of the former A&S department store as a class A, multi-tenanted, mixed use building, which served as a catalyst in the revitalization of Franklin Ave., was especially meaningful to me. Another was the redevelopment of the former Roosevelt Savings Bank headquarters into a class A, mixed use office building at 1122 Franklin Ave. I am currently overseeing the renovation and environmental retrofitting of 1001 Franklin Ave., which will be the premiere office building along Garden City’s commercial corridor.

3) Please discuss your professional background. I am an executive vice president of the Albanese Organization, with key responsibility for the firm’s development activities on Long Island. Prior to joining AOi n 1995, I was executive vice president and chief lending officer of the Greater New York Savings Bank. Previously, I was a senior vice president of the Apple Bank for Savings.

4) What is one criterion that sets your company/firm apart from your competitors? We are dedicated to creating commercial and residential buildings of distinction, quality and architectural merit that optimize value, are environmentally responsible, and enhance the communities in which they are located. We are especially proud of our leadership role in environmentally engineered development, particularly in the realm of healthy urban living, as embodied in The Solaire project in lower Manhattan.

5) Do you see your Industry In a more or less favorable position 6 months from today? I am very optimistic about the future of development on Long Island. The Nassau County office market is very tight, particularly in the class A segment. Our regional economy has not experienced the downturn that other markets have suffered. We have a more entrepreneurial economy and a more diverse tenancy that is not dominated by large corporations. Garden City, in particular, is thriving as the governmental, legal, and financial capital of Nassau County.