Need Help? Call 518-434-2532 |

Albany IDA Projects Index

Project Address Applicant Description Documents

132 State Street Properties LLC

Project #: 01011401
132 State Street

132 State Street Properties LLC

Owner(s): Joseph R. Nicolla, Richard A. Rosen

Developer: Columbia Development

The project consists of the acquisition of a parcel of land as well as the acquisition and renovation of an existing five-story, 9,450 SF building into commercial office space with retail on the first floor. The project includes the installation... Read More

Approval Date: 1/23/2014

Investment Total: $2,351,500

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $454,696

Estimated Employment Impact: 25 construction jobs and 3 full-time equivalent jobs created, 17 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

136 State Street Property LLC

Project #: 01011402
134-136 State Street

136 State Street Properties LLC

Owner(s): Joseph R. Nicolla, Richard A. Rosen

Developer: Columbia Development

The project consists of the acquisition of two parcels of land along with the acquisition and renovation of two existing five-story buildings into +/-18,000 SF of commercial office space. The project includes the installation of tenant finishes, personal property, fixtures,... Read More

Approval Date: 01/23/2014

Investment Total: $3,590,500

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $207,096

Estimated Employment Impact: 25 construction jobs and 40 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

140 State Street Properties LLC

Project #: 01011403
140 State Street

140 State Street Properties LLC

Owner(s): Joseph R. Nicolla, Richard A. Rosen

Developer: Columbia Development

The project consists of the acquisition of a parcel of land along with the acquisition and renovation of an existing five-story, 5,500 SF building into a mixed-use building with retail on the first floor and approximately four residential units on... Read More

Approval Date: 01/23/2014

Investment Total: $1,305,500

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $38,831

Estimated Employment Impact: 25 construction jobs and 5 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

144 State Street LLC

Project #: 01011404
144 State Street

144 State Street LLC

Owner(s): Joseph R. Nicolla, Richard A. Rosen

Developer: Columbia Development

The project consists of the acquisition of a parcel of land along with the acquisition and renovation of a historic, existing 180,000 SF building into a +/-204 room hotel with banquet/event space. The project includes the installation of tenant finishes,... Read More

Approval Date: 01/23/2014

Investment Total: $46,960,257

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $5,934,476

Estimated Employment Impact: 200 construction jobs and 162 full-time equivalent jobs created, 162 full-time equivalent jobs retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

1475 Washington Avenue Associates

Project #: 01011506
1475 Washington Avenue

1475 Washington Avenue Associates LLC

Owner(s): Jon Grant, Frank Seidman and Frank Seidman Irr. Family Trust, Nimish Sangrajkah ATBE, Jared Zeisler,Fran & Kristina Donato ATBE, Jessica Starkey

Developer: Capital Solutions

The project consists of the construction of a +/- 183,750 SF, four story, private student housing complex. The structure will consist of approximately 271 student beds (118 units) that will sit over a 145 space parking podium. The rooms will... Read More

Approval Date: 03/19/2015

Investment Total: $27,500,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,483,724

Estimated Employment Impact: 90 Construction jobs and 7 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

363 Ontario Street

Project #: 01011801
363 Ontario Street

363 Ontario Street LLC

Owner(s): Ryan Jankow , Tom Lynch

Developer: Jankow Companies

The project consists of the acquisition of a +/- 1.8 acre parcel of land, demolition of the existing structure on site, and construction of three buildings totaling 58,500 SF, which will create +/- 109 residential apartment units (with tenant amenities),... Read More

Approval Date: 03/01/2018

Investment Total: $16,289,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $4,776,223

Estimated Employment Impact: 85 Construction jobs and 5 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

4 Central Avenue

Project #: 01011808
4 Central Avenue

4 Central Avenue

Owner(s): David Shemano

Developer: West Mall Office Center LLC

The project consists of the conversion of the Mayfair (currently vacant) into a mixed-use property, with 3,000 SF of retail to be located as a Central Avenue storefront and the remainder of the building to be converted into a total... Read More

Approval Date: 7/19/2018

Investment Total: $ 4,620,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 0 construction jobs and 5 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Meeting Recordings

40 Steuben LLC

Project #: 01011405
58 North Pearl Street

40 Steuben LLC

Owner(s): Mark Rosen, I. David Swawite, Mark L. Aronowitz

Developer: Omni Development

The project consists of the conversion of a vacant six-story, 47,300 SF mixed-use retail and commercial office building into mixed-use retail and residential. The project will include 26 residential rental units (floors 2 - 5) with one and two bedroom... Read More

Approval Date: 01/23/2014

Investment Total: $4,953,565

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $148,753

Estimated Employment Impact: 15 construction jobs and 7 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

40-48 Pearl Street LLC

Project #: 01011504
40-48 South Pearl Street

40-48 Pearl Street LLC

Owner(s): Christopher Maddalone, Seth Meltzer

Developer: Maddalone & Associates

The project consists of the revitalization of two adjoining vacant buildings encompassing 24,000 SF directly across from the Times Union Center. The property will be converted into 16 market-rate apartments on the upper floors, a 4,500 SF restaurant and three... Read More

Approval Date: 5/21/2015

Investment Total: $2,442,625

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT.

Estimated Employment Impact: 15 construction jobs and 35 full-time equivalent jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

420 Broadway

Project #: 01011810
420 Broadway

420 Broadway Albany, LLC

Owner(s): Chris Maddalone, Seth Meltzer

Developer: Hudson Development Partners

The project consists of the renovation of 420 Broadway. The project will take what is currently a mostly vacant building and create seven one-bedroom apartments, while maintaining the current commercial business located on the first floor. This project will breathe... Read More

Approval Date: 04/19/2018

Investment Total: $1,375,553

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 7 construction jobs and 1 full-time equivalent job created, 1 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

67 Howard Street

Project #: 01011502
67 Howard Street

67 Howard Street LLC

Owner(s): Joseph R. Nicolla, Richard A. Rosen

Developer: Columbia Development

The project consists of the acquisition of a parcel of land along with the construction of a 200-space parking garage, with the potential for expansion of the garage by an additional 100 spaces. Construction of the project is associated with... Read More

Approval Date: 01/23/2014

Investment Total: $6,503,500

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,162,423

Estimated Employment Impact: 25 construction jobs and 2 full-time equivalent jobs created, 2 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

76 North Pearl

Project #: 01012002
76 North Pearl Street

76 North Pearl LLC

Owner(s): Tom Rossi, John Blackburn, Jeffrey Buell

Developer: Redburn Development Partners

The project involves the renovation of 76 N Pearl Street. The project will take what is currently a 192,000 SF vacant office building and create 123 market rate apartments and a 36,000 SF restaurant/retail commercial space. Read More

Approval Date: 05/16/2019

Investment Total: $36,086,516

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 113 construction jobs and 24 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

760 Broadway

Project #: 01011802
760 Broadway

760 Broadway LLC

Owner(s): David Sarraf, Harris Sarraf

Developer: Fairbanks Properties

The project consists of the acquisition of a 1.4-acre parking lot at 766 Broadway and the construction of an approximately five-story +/- 125,000 SF market-rate apartment building. The building will be comprised of 88 residential units with up to 110... Read More

Approval Date: 10/20/2016

Investment Total: $18,500,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $501,896

Estimated Employment Impact: 100 construction jobs and 3 full-time equivalent jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

960 Broadway

Project #: 01011803
960 Broadway

960 Broadway, LLC

Owner(s): Briana Barber, David Kwiat

Developer: Bill Barber

The project consists of the redevelopment of a 0.42 acre site with an existing +/- 53,000 SF vacant warehouse located at 960 Broadway in the Warehouse District. The existing four-story brick structure has a two-story brick addition on the south... Read More

Approval Date: 05/19/2016

Investment Total: $6,000,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 40 construction jobs and 15 full-time equivalent jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

99 Pine Street

Project #: 01011601
55 North Pearl Street

99 Pine Street of Albany, LLC

Owner(s): Christopher Maddalone, Seth Meltzer

Developer: Maddalone & Associates

The project consists of the acquisition of an approximately 100,000 SF commercial office building known as the Capital Center located at the corner of North Pearl and Pine Streets, along with the partial renovation/conversion the property’s third, fourth and fifth... Read More

Approval Date: 02/29/2016

Investment Total: $6,712,771

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 15 construction jobs and 0 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Albany Medical Center

Project #: 01010901A
16 New Scotland Avenue

16 New Scotland Square LLC

Owner(s): George Baker, Chris Conk, Joellyn conk, Edward Conk, Paul Sandler

Developer: Ventas REIT Inc

Read More

Approval Date: 04/27/2009

Investment Total: $14,489,235

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 0 Construction jobs and 102 full-time jobs created, 0 full-time retained

Project Documents

Albany Medical Center Surgeons Pavillion

Project #: 01011002
50 New Scotland Avenue

Columbia 50NS, LLC

Owner(s):

Developer: Columbia Development

Acquisition of 0.186 acre parcel located between 22 & 60 New Scotland Ave. Construction 67,500 SF, 9-story bldg. Read More

Approval Date: 3/18/2010

Investment Total: $15,208,672

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 0 Construction jobs and 176 full-time jobs created, 0 full-time retained

Project Documents

Albany Medical Science Research LLC

Project #: 01011303
150 New Scotland Avenue

Albany Medical Science Research, LLC c/o Wells Fargo Bank N.A.

Owner(s): CMS Liquidating Trust

Developer: Charitable Leadership Foundation

The project consists of a 154,000 SF +/-, five-story biomedical research and administrative facility and a four-story, 606 space parking garage located on a 5.351 acre +/- ground lease site. At this time the biomedical and research facility is approximately... Read More

Approval Date: 01/17/2013

Investment Total: N/A

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 0 Construction jobs and 120 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

AMC 391 Myrtle

Project #: 01011417
391 Myrtle Avenue

Albany Medical Center

Owner(s): Norm Massry, Mark Rosen

Developer: Columbia Development

The proposed redevelopment of approximately .81 acres of land that will include the demolition of existing buildings and the construction thereon of an approximately 5 story, 135,000 square foot medical office building. The building will be occupied 50% by Albany... Read More

Approval Date: 09/18/2014

Investment Total: $32,121,146

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2,200,035

Estimated Employment Impact: 200 construction jobs and 6 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

AMC Internal Medicine Group

Project #: 01011203
178 Washington Avenue Extension

FC 178WAE, LLC

Owner(s): Kevin Bette, Mark Bette, Christopher Bette

Developer: First Columbia

The project consists of the construction of a one-story 24,000 SF medical/general office building. Currently, a lease for 60% of the building is being negotiated with a large medical practice that is looking for more space to grow. This project... Read More

Approval Date: 09/20/2012

Investment Total: $4,472,432

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $646,973

Estimated Employment Impact: 30 construction jobs and 18 full-time equivalent jobs created, 26 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

At Hudson Park

Project #: 01011804
160 Myrtle Avenue

At Hudson Park, LLC

Owner(s): Eric Moses, Daniel Odabashian

Developer: Eric Moses, Daniel Odabashian

The project consists the redevelopment of the +/-1.3 acre Long Energy properties into +/-77 market rate apartment units. The existing property consists of 44,378 SF of warehouse/storage space and 13,523 SF of office space and additional space for parking. The... Read More

Approval Date: 02/16/2017

Investment Total: $11,500,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT.

Estimated Employment Impact: 50 construction jobs and 2 full-time equivalent jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Auden Albany

Project #: 01011703
1385 Washington Avenue

1385 Washington Avenue Associates

Owner(s): Jon Grant, Harvey Blonder, Clifford Mendelson, Gregg Wallace

Developer: Capital Solutions

The project consists of the demolition of the existing Red Carpet Inn (+/- 50,000 SF) and the construction of an approximate 101-unit (322 bed) for-profit student housing complex. The +/- 142,000 SF building will be constructed over a partially-underground parking... Read More

Approval Date: 04/01/2017

Investment Total: $30,535,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,996,201

Estimated Employment Impact: 90 Construction jobs and 7 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Block75 Apartments

Project #: 01011506
1475 Washington Avenue

1475 Washington Avenue Associates LLC

Owner(s): Jon grant, Frank Seidman and Frank Seidman Irr. Family trust, Nimish Sangrajkah ATBE, Jared Zeisler, Fran & Kristina Donato ATBE, Jessica Starkey

Developer: Capital Solutions

The project consists of the construction of a +/- 183,750 SF, four-story, private student housing complex. The structure will consist of approximately 271 student beds (118 units) that will sit over a 145 space parking podium. The fully furnished units... Read More

Approval Date: 03/19/2015

Investment Total: $27,500,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,523,280

Estimated Employment Impact: 90 construction jobs and 7 full-time equivalent jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Broadway Albany Realty LLC

Project #: 01011507
833 Broadway

Broadway Albany Realty, LLC

Owner(s): Lewis Norry

Developer: Norry Management Corp.

The project consists of the rehabilitation of existing commercial office space at 833 Broadway for a new call center for Maximus, Inc. (tenant). 112,000 SF of the 140,000 SF building is vacant commercial office with one existing tenant (Citizens Bank)... Read More

Approval Date: 06/03/2015

Investment Total: $4,430,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT.

Estimated Employment Impact: 40 construction jobs and 400 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Capital District Apartments

Project #: 01011701
2 Thurlow Avenue

Capital District Apartments, LLC

Owner(s): GSG LITHC Investor LLC, Capital District Apartments MM LLC

Developer: Preservation Development Partners

The project consists of the acquisition and renovation of the existing 136 units of Section 8 senior and handicapped housing located at 2 Thurlow Terrace. The 9-story structure was built in 1979 and encompasses 85,000 SF. Renovations will include, but... Read More

Approval Date: 03/01/2017

Investment Total: $21,650,371

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2,298,940

Estimated Employment Impact: 75 Construction jobs and 0 full-time jobs created, 3 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Columbia Harriman 455 LLC

Project #: 01011301
455 Patroon Creek Boulevard

Columbia Harriman 455 LLC

Owner(s): Joseph R. Nicolla, Richard A. Rosen

Developer: Columbia Development

The project consists of the acquisition of a parcel of land located at 455 Patroon Creek Boulevard and the construction thereon of an approximately 42,000 SF building consisting of commercial office uses, surface parking, other related amenities, and the installation... Read More

Approval Date: 5/19/2011

Investment Total: $9,247,759

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 0 Construction jobs and 80 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Dilek LLC (TERMINATED)

Project #: 01011304
423-425 Madison Avenue

Dilek LLC

Owner(s): Yusuf Dincer, Ayse Dincer

Developer: Dr. Yusef Dincer

This building, located prominently on the northeast corner of Lark Street and Madison Avenue, has been vacant for more than a year. The Applicant proposes demolishing the existing one story structure and constructing a new three-story, 7,000 SF mixed-use structure.... Read More

Approval Date: 07/19/2012

Investment Total: $1,944,414

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 14 construction jobs and 14 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Meeting Recordings

Eleftheria of Albany

Project #: 01011503
241 South Allen Street

Eleftheria Properties LLC

Owner(s): James J. Googas

Developer: James J. Googas

The project consists of the construction of two, three-story, 30,800 SF garden apartment buildings. There will be a total of 48 residential units split equally between the two buildings. There will be a total of 84 parking spaces, 60 of... Read More

Approval Date: 12/20/2014

Investment Total: $6,200,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $501,896

Estimated Employment Impact: 50 construction jobs and 1 full-time equivalent job created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

FC DCI, LLC

Project #: 01011101
184 Washington Avenue Extension

FC DCI, LLC

Owner(s): Kevin Bette, Mark Bette

Developer: First Columbia

The project will be constructed in two phases. The first phase will consist of the construction of a new single-story medical office building to be approximately 12,900 SF. The second phase is currently in the planning process; tenants to be... Read More

Approval Date: 10/21/2010

Investment Total: $2,492,668

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 0 Construction jobs and 115 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Harmony Mills South

Project #: 01012003
90 State Street

Harmony Mills South, LLC

Owner(s): Mohawk Trust, HM Trust

Developer: Uri Kaufman

This project consists of the conversion of the upper 11 stories of this 15-story structure into 154 market-rate residential units. This property is presently primarily used for office space, with commercial/retail space on the ground floor. Post conversion, a portion... Read More

Approval Date: 8/22/2019

Investment Total: $23,135,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $3,123,127

Estimated Employment Impact: 89 construction jobs and 1 full-time equivalent job created, 4 full-time equivalent jobs retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Hilton Albany

Project #: 01011106
89 State Street

Albany Hotel, Inc.

Owner(s): LSREF Peach Investment, LLC

Developer: United Capital Corp

The project consists of the acquisition of the underlying fee title from UDC/Empire State Development for $1,000,000 for the Crowne Plaza Hotel property and the investment of more than $10,000,000 to upgrade the facilities in order to maintain a major... Read More

Approval Date: 8/18/2011

Investment Total: $23,500,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 45 construction jobs and 20 full-time equivalent jobs created, 249 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Home Leasing

Project #: 01011805
Clinton Avenue & Ten Broeck Street

Home Leasing, LLC (Clinton Avenue Apartments Housing Development Fund Corporation)

Owner(s): Deborah Leenhouts, Jeffrey Leenhouts, Catherine Sperrick, Megan Houppert, Sarah Hunt

Developer: Home Leasing

The project consists of the revitalization of approximately 210 units in approximately 70 existing row houses and 2 vacant parcels. Approximately half of the units are currently vacant, and eight buildings are condemned. The project will be Mixed Income and... Read More

Approval Date: 12/21/2017

Investment Total: $47,838,223

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2,562,320

Estimated Employment Impact: 65 Construction jobs and 5 full-time jobs created, 2 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Honest Weight Food Co-Op, Inc.

Project #: 01011206
100 Watervliet Avenue

Honest Weight Food Co-Op, Inc.

Owner(s): Over 8,000 shareholders who each hold an equal single share

Developer: Honest Weight Food Co-Operative, Inc.

The project consists of the demolition of an existing 41,100 SF industrial building and the construction of a new 30,700 SF natural foods grocery store. The new building is intended to offer owners and customers an inviting, functional and aesthetically... Read More

Approval Date: 07/19/2012

Investment Total: $8,929,746

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $426,937

Estimated Employment Impact: 200 construction jobs and 30 full-time equivalent jobs created, 71 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Kiernan Plaza

Project #: 01011410
575 Broadway

Fuller Road Management Corp

Owner(s): Research Foundation of SUNY and University at Albany Foundation

Developer: Fuller Road Management Corp (SUNY Poly)

Fuller Road Management Corporation (FRMC) on behalf of the College of Nanoscale Science and Engineering (CNSE) seek to redevelop the vacant Kiernan Plaza as the Smart Cities Technology Innovation Center (SCiTI Center) to serve as an urban catalyst for business... Read More

Approval Date: 06/20/2013

Investment Total: $10,000,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $0

Estimated Employment Impact: 50 construction jobs and 150 full-time equivalent jobs created, 100 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Livingston School Apartments

Project #: 01011411
315 Northern Boulevard

LV Apartments LP

Owner(s): LV Apartment GP, LLC, LV Apartments GP, LLP, LV Apartments GP, SLP

Developer: Winn Development

After more than three years of vacancy, the project includes the re-use of the former Philip Livingston Magnet Academy, which served as a junior high and middle school from 1932 to 2009. The project consists of converting the structure into... Read More

Approval Date: 09/19/2013

Investment Total: $29,310,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 100 construction jobs and 3.5 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Lofts at 733 Broadway

Project #: 01011408
733 Broadway

733 Broadway LLC

Owner(s): Norstar Investment USA, Inc., Black Locust, LLC

Developer: Norstar Development USA LP

The project consists of the conversion of a vacant three-story, 45,000 SF commercial office building into a mixed-use commercial office/retail and residential building. The project will include approximately 30 residential rental units (floors 1 - 3) with one and two... Read More

Approval Date: 04/24/2014

Investment Total: $5,141,667

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 27 construction jobs and 1 full-time equivalent job created, 5 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Madison Properties of Albany

Project #: 01010903A
684 - 690 Madison Avenue

Madison Properties of Albany, LLC

Owner(s): Anthony DeThomasis, Richard DeThomasis

Developer: Madison Properties of Albany, LLC

The project consists of the conversion of three vacant interconnected buildings into 20 apartments. The three buildings have a combined square footage of 20,000 SF. The apartments will be market-rate rental units. Read More

Approval Date: 12/17/2009

Investment Total: $1,350,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 0 Construction jobs and 28 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Makura, Inc

Project #: 01012005
351 Southern Boulevard

Makura, Inc

Owner(s): Mukesh Fansiwala, Rashmi Fansiwala

Developer: Trinity Real Estate Group

The project involves the construction of a 60,000 square foot, 4 story hotel. The project will take what is currently a vacant 1.8 acre parcel (currently being sub-divided) and create 106 hotel rooms with an indoor pool, fitness room, and... Read More

Approval Date: 3/21/2019

Investment Total: $13,320,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 100 Construction jobs and 25 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Morris Place

Project #: 01012006
105 Morris Street

Morris Place LLC

Owner(s): Sameh Asaad, Gihan Asaad

Developer: Sameh Asaad

This project consists of the demolition of an existing apartment building and the construction of a five story apartment building. Indoor parking will be built for 16 cars at grade, and four floors of apartments will be constructed above. The... Read More

Approval Date: 10/18/2018

Investment Total: $5,382,700

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $752,578

Estimated Employment Impact: 40 construction jobs and 2 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Morris Street Apartments

Project #: 01011102A
70 Morris Street

MCK 27 Enterprises, LLC

Owner(s): Mark T. Clark, Christopher H. Kelly

Developer: MCK 27 Enterprises LLC

The project consists of the conversion of approximately 10,000 SF of vacant commercial space to 9 residential rental units. Read More

Approval Date: 10/21/2010

Investment Total: $1,050,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact:

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Mount Hope Commons

Project #: 01011809
351 Southern Boulevard

351 Diamond Development LLC

Owner(s): Kevin Parisi

Developer: Trinity Real Estate Group

The project consists of the renovation and new construction of six buildings at the project location. One existing building will house a 30,000 SF gym and another 16,880 SF existing building will create new retail space. A new 62,400 hotel... Read More

Approval Date: 05/17/2018

Investment Total: $10,175,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 30 Construction jobs and 150 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Mukura, Inc.

Project #: 01012005
351 Southern Boulevard

Mukura, Inc.

Owner(s): Mukesh Fansiwala, Rashmi Fansiwala

Developer: Mike Fansiwala

The project consists of the construction of a 60,000 SF four-story hotel. The project will take what is currently a vacant 1.8 acre parcel (currently being sub-divided) and create 106 hotel rooms with an indoor pool, fitness room, and a... Read More

Approval Date: 3/21/2019

Investment Total: $13,320,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 100 construction jobs and 25 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Nipper Apartments

Project #: 01011806
991 Broadway

Nipper Apartments, LLC

Owner(s): Briana Barber, David Kwiat

Developer: Bill Barber

The project consists of the redevelopment of an approximately 1.68 acre site with two existing warehouse/storage buildings – one +/- 100,960 SF building and one +/- 11,600 SF building located at 991 Broadway in the Warehouse District. The existing buildings... Read More

Approval Date: 12/15/2016

Investment Total: $13,000,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT.

Estimated Employment Impact: 70 construction jobs and 19 full-time equivalent jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

One Columbia Place Realty LLC

Project #: 01011505
1 Columbia Place and 48 Sheridan Avenue

One Columbia Place Realty, LLC

Owner(s): Marc Paquin

Developer: Cass Hill Development Co.

The project consists of the revitalization of a 25,368 SF historic structure built in 1840. The project includes the conversion of a vacant commercial office building into 21 one and two bedroom market-rate residential units. A portion of the property... Read More

Approval Date: 06/18/2015

Investment Total: $2,557,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $397,429

Estimated Employment Impact: 25 construction jobs and 1 full-time equivalent job created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Park South Partners LLC

Project #: 01011501
New Scotland, Dana Ave, Robin Street & Morris Street

Park South Partners LLC

Owner(s): Norman Massry, Mark Rosen, MRP Associates LLC

Developer: TriCity Rentals

The project consists of the acquisition of leasehold interest in land encompassed by New Scotland Avenue, Dana Avenue, Robin Street, and Morris Street as well as a portion of land encompassed by New Scotland Avenue, Morris Street, Robin Street, and... Read More

Approval Date: 09/18/2014

Investment Total: $52,583,536

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $6,755,747

Estimated Employment Impact: 200 construction jobs and 11 full-time equivalent jobs created, 0 full-time equivalent jobs retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Parkview Apartments

Project #: 01011414
400 Hudson Avenue

TMG-NY Albany I, LLC

Owner(s): TMG-Parkview, LLC, Stratford Capital or a designee will serve as Special Limited Partner. An investment partnership will serve as Limited Partner.

Developer: The Mulholland Group

The building currently offers 179 units of affordable housing for seniors and special needs persons. The property was constructed in 1972 and has been operated by Gideon Lodge #140 B’Nai B’Rith Housing Development Fund (B’Nai B’Rith) since its completion. The... Read More

Approval Date: 08/15/2013

Investment Total: $19,023,331

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2,562,254

Estimated Employment Impact: 60 construction jobs and 0 full-time equivalent jobs created, 5 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Penta on Broadway

Project #: 01011201A
522-524 Broadway

MCK 27 Enterprises, LLC

Owner(s): Mark T. Clark, Christopher H. Kelly

Developer: MCK 27 Enterprises LLC

The project consists of the conversion of approximately 18,000 SF of vacant commercial space to 14 residential rental units (floors 2, 3, 4) and approximately 3,000 SF of rentable commercial space on the ground floor. Read More

Approval Date: 09/15/2011

Investment Total: $1,550,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 0 construction jobs and 0 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Pine Hills Senior Apartments

Project #: 01011302
581 Livingston Avenue

581 Livingston Avenue, LLC

Owner(s): Briana Barber

Developer: KwiatEye & Laser Surgery

The project consists of the demolition of an existing, vacant structure and construction of a new three-story, 50 unit multifamily housing facility and related parking. The proposed multifamily housing facility will be restricted to senior residency. The building to be... Read More

Approval Date: 09/20/2012

Investment Total: $3,640,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2,409,036

Estimated Employment Impact: 25 construction jobs and 1 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Quackenbush Square

Project #: 705Q
705 Broadway

FC 705 Broadway, LLC / 705 Broadway Hotel, LLC

Owner(s): Michael P. Falcone, Melissa F. Zell, Mark Roney

Developer: Pioneer Real Estate Company

The project consists of the construction of a 132-room, limited service hotel at 705 Broadway in Albany. The hotel proposed is an eight-story building consisting of 84,534 SF. The hotel will include a guest fitness center and pool, small meeting... Read More

Approval Date: 06/20/2019

Investment Total: $30,400,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2,710,401

Estimated Employment Impact: 125 construction jobs and 25 full-time equivalent jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Sandidge Way Apartments

Project #: 01012004
1 & 2 Sandidge Way

Loughlin Dawn, LLC

Owner(s): Norm Massry, Mark Rosen

Developer: Dawn Homes Management LLC

The project consists of the construction of seven new buildings on five (5) tax parcels totaling 6.49 acres of land. The seven buildings will contain 252 residential apartment units, a clubhouse/office portion of one building, common areas, and parking for... Read More

Approval Date: 11/15/2018

Investment Total: $51,687,445

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $8,817,333

Estimated Employment Impact: 165 construction jobs and 7 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Scannell Properties #145, LLC

Project #: 01011205
55 Commerce Avenue

SIR Albany, LLC

Owner(s): Revocable Trust of Robert J. Scannell, Saveau, LLC

Developer: REIT Management & Research LLC

This building, formerly the Crowley Dairy facility, has been vacant for over five years. The applicant proposes demolishing the existing structure and constructing a new 125,000 sq.ft. distribution facility and related parking. It is intended that the building be expandable... Read More

Approval Date: 09/20/2012

Investment Total: $7,750,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $464,591

Estimated Employment Impact: 40 construction jobs and 25 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Sheridan Hollow Village

Project #: 01011413
Sheridan Hollow Neighborhood - scattered site

Sheridan Hollow Enterprises, LLC

Owner(s): Housing Visions Consultants, Inc.

Developer: Housing Visions Consultants, Inc.

The project is part of a comprehensive neighborhood revitalization strategy in the Sheridan Hollow neighborhood proposed by non-profit organizations Housing Visions Consultants, Inc., Habitat for Humanity Capital District, and Touhey Home Ownership Foundation. The project entails the construction of approximately... Read More

Approval Date: 12/20/2012

Investment Total: $15,302,400

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $908,012

Estimated Employment Impact: 45 construction jobs and 2 full-time equivalent jobs created, 16 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Sheridan Hollow Village

Project #: 01011412
Sheridan Hollow Neighborhood - scattered site

Sheridan Hollow Village LLC

Owner(s): HV Consultants Holding Co., LLC, Key Community Development Corporation

Developer: Housing Visions Connsultants

The project is part of a comprehensive neighborhood revitalization strategy in the Sheridan Hollow neighborhood proposed by non-profit organizations Housing Visions Consultants, Inc., Habitat for Humanity Capital District, and Touhey Home Ownership Foundation. The project entails the construction of approximately... Read More

Approval Date: 12/20/2012

Investment Total: $15,302,400

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $908,012

Estimated Employment Impact: 45 construction jobs and 2 full-time equivalent jobs created, 16 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Sixty State Place

Project #: 01011206Z
60 State Street

Sixty State Place, LLC

Owner(s): Jeffrey Gordon, David Gordon

Developer: Gordon Companies

The project consists of the rehabilitation of a vacant four-story, 21,000 SF commercial building, formerly occupied by a bank, into a mixed-use structure. The building will house 12 market-rate apartments on floors 2-4 and 9,700 SF of restaurant space on... Read More

Approval Date: 08/18/2011

Investment Total: $6,500,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $84,117

Estimated Employment Impact: 30 - 40 construction jobs and 85 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

St. Peter’s Health Partners Medical Associates

Project #: 01011103
413 & 425 New Scotland Ave

Columbia 425 NS LLC

Owner(s): Joseph R. Nicolla, Richard A. Rosen

Developer: Columbia Development

The project consists of the assignment of an existing lease from Care for Life Foundation, Inc. to St. Peter's Health Partners Medical Associates, P.C. and a change in the use of the facility from senior day-care/medical facility to administrative office... Read More

Approval Date: 10/21/2010

Investment Total: $4,072,340

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 0 Construction jobs and 8 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

Tech Valley High School

Project #: 01011415
246 Tricentennial Drive

Tricentennial Properties LLC

Owner(s): Joseph R. Nicolla

Developer: Columbia Development

The project consists of the construction of a two-story, 25,000 SF interdisciplinary academic facility to be located on a 0.36 acre parcel currently controlled by Fuller Road Management Corporation (FRMC) that will serve as the home for TechValley High School.... Read More

Approval Date: 02.20.2014

Investment Total: $8,523,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 25 construction jobs and 15 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

The Arcade Building

Project #: 01011407
482-488 Broadway

488 Broadway Arcade LLC

Owner(s): David Sarraf, Harris Sarraf, Yahya Saraf

Developer: Fairbanks Properties

The project consists of the conversion of an approximately 75,000 SF mixed-use retail and commercial office building into mixed-use retail and residential. The Applicant is proposing 68 residential rental units (floors 2 - 5), of which 28 will be studios... Read More

Approval Date: 12/19/2013

Investment Total: $10,000,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $403,797

Estimated Employment Impact: 55 construction jobs and 20 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

The Argus Apartments

Project #: 01011406
412 Broadway

412 Broadway Realty LLC

Owner(s): Marc Paquin and Gerry Gauer

Developer: Cass Hill Development Co.

The project consists of the conversion of a vacant five-story, 36,900 SF mixed-use retail and commercial office building into mixed-use retail and residential. The Applicant is proposing 32 residential rental units (floors 2 - 5) with one and two bedroom... Read More

Approval Date: 12/19/2013

Investment Total: $3,032,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $403,797

Estimated Employment Impact: 26 construction jobs and 8 full-time equivalent jobs created, 0 full-time equivalent retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

The Gateway Apartments

Project #: 01011202A
4-6 Sheridan Avenue

4 - 6 Sheridan, LLC

Owner(s): Guy Alonge III, Clemente Parente, Daniel Sanders

Developer: Gary Brown

This building, a former restaurant and brewery, was vacant for two years due to bank foreclosure under the previous owner. The applicant is currently in the midst of rehabilitating the five story, 21,000 sq.ft. commercial building into a mixed-use structure.... Read More

Approval Date: 10/20/2011

Investment Total: $1,750,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $142,706

Estimated Employment Impact: 24-40 Construction jobs and 40 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

The Kenmore

Project #: 01012002
76 North Pearl Street

76 North Pearl, LLC

Owner(s): Tom Rossi, John Blackburn, Jeffrey Buell

Developer:

The project consists of the renovation of 76 North Pearl Street. The project will take what is currently a 192,000 SF vacant office building and create 123 market rate apartments and a 36,000 SF restaurant/retail commercial space. Read More

Approval Date: 5/16/2019

Investment Total: $36,086,516

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT.

Estimated Employment Impact: 113 construction jobs and 24 full-time equivalent jobs created, 0 full-time retained

The Knick

Project #: 01012001
16 Sheridan Avenue

16 Sheridan LLC

Owner(s): Tom Rossi, John Blackburn, Jeffrey Buell

Developer: Redburn Development Partners

The project consists of the renovation of 16 Sheridan Avenue. The project will take what is currently a 112,000 SF vacant office building and create 132 market rate apartments and a 3,500 SF restaurant/retail commercial space. Read More

Approval Date: 2/21/2019

Investment Total: $21,553,035

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 130 construction jobs and 12 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

The Monroe Apartments

Project #: 01011104
49 Sheridan Avenue

39 Sheridan Realty LLC

Owner(s): Marc Paquin ,Gerry Gauer, Guy Alonge III, Todd Mosher

Developer: Cass Hill Development Co.

Demolish approximately 30,533 square feet of industrial additions to the original four story building, and the 4,800 square feet of uninhabitable multifamily building located at 67 Sheridan Avenue. Renovate and expand the remaining structure to a +/- 57,725 square foot... Read More

Approval Date: 05/06/2011

Investment Total: $6,250,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $0

Estimated Employment Impact:

Project Documents

Meeting Materials

Meeting Minutes

The Reserve at Park South

Project #: 01011807
79-91 Dana Avenue

RECKDE LLC

Owner(s): Ronald Stein

Developer: Ronald Stein

The project consists of the revitalization of four vacant parcels and three condemned buildings on Dana Avenue. The proposed project includes the construction of a 40,000 SF apartment building, which will create 30 market-rate residential units. Read More

Approval Date: 09/21/2017

Investment Total: $5,183,500

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,380,478

Estimated Employment Impact: 35 Construction jobs and 1 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

The Reserve at Park South II

Project #: 01012007
74-86 Dana Avenue

TRPS2, LLC

Owner(s): Ronald Stein

Developer: Ronald Stein

The project consists of the revitalization of four vacant parcels on Dana Avenue. The proposed project includes the construction of a 45,000 SF apartment building containing 36 market-rate, residential units. Read More

Approval Date: 6/20/2019

Investment Total: $5,583,500

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,170,323

Estimated Employment Impact: 160 construction jobs and 1 full-time equivalent job created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

The Swinburne Building

Project #: 01011811
526 Central Avenue

The Swinburne Building, LLC

Owner(s): Larry Regan

Developer: Regan Development

The project consists of the construction of a new 108,400 SF, five story mixed-use building. The Project will provide 21,400 SF of leasable commercial space on the first two stories of the building and will also contain 74 affordable housing... Read More

Approval Date: 9/20/2018

Investment Total: $25,160,000

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $5,595,890

Estimated Employment Impact: 65 Construction jobs and 47 full-time jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings

ValuSpace Personal Storage

Project #: 01011702
40 North Russell Road

ValuSpace Albany, LLC

Owner(s): Jack Rosenblum Irrev. Trust, Seth Roseblum

Developer: Rosenblum Companies

The project consists of the construction of a new +/- 90,000 SF, three-story, temperature controlled self-storage facility containing a rental office and retail space for the sale of moving and packing supplies. The site will be landscaped, fenced, gated to... Read More

Approval Date: 03/01/2017

Investment Total: $6,306,193

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT.

Estimated Employment Impact: 31 construction jobs and 1.5 full-time equivalent jobs created, 0 full-time retained

Project Documents

Meeting Materials

Meeting Minutes

Public Hearings