Albany IDA Project Index
New Scotland Village
Project Number: 1
Project Address: 563 New Scotland Avenue
Applicant Name: 563 New Scotland Ave, LLC
Owner(s): Ryan Jankow (100%)
Developer: Jankow Companies
Project Description:
The project consists of the construction of 188 residential market-rate apartment units in four (4) buildings on 3.31 acres of land totaling +/- 300,000 SF. Seven (7) existing underutilized structures will be demolished. There will be a clubhouse/office portion of one building, common areas, parking for +/- 255 cars and approx. 15,000 SF of ground floor retail/commercial space available.
Approval Date: 01/16/20
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): 8,464,701
Estimated Employment Impact: 85 Construction jobs and 13 full-time jobs created, 2 full-time retained
Project Documents
Project Documents
- Final Project Summary - 563 New Scotland Avenue, LLC
- Approving Resolutions - 563 New Scotland Avenue LLC
- Application - 563 New Scotland Avenue LLC
- Project Benefit Analysis - 563 New Scotland Avenue LLC
- PILOT Agreement - 563 New Scotland Avenue, LLC
- Project Benefit Agreement - 563 New Scotland Avenue, LLC
- Resolution Authorizing Modification of Existing Financing- 563 New Scotland Avenue, LLC
Meeting Materials
- IDA Finance Committee Meeting Materials 09.11.19
- IDA Regular Board Meeting Materials 09.19.19
- IDA Finance Committee Materials 10.9.19
- IDA Board materials 10.17.19
- IDA Finance Committee materials 12.11.19
- IDA Finance Committee materials 1.8.20
- IDA Board Meeting Materials 1.16.20
- IDA Board Meeting Materials 6.17.21
- IDA Board Meeting Materials 6.22.23
Meeting Minutes
- IDA Finance Committee Meeting Minutes 9.11.19
- IDA Regular Board Meeting Minutes 9.19.19
- IDA Finance Committee Meeting Minutes 10.9.19
- IDA Regular Board Meeting Minutes 10.17.19
- IDA Finance Committee Meeting Minutes 12.11.19
- IDA Finance Committee Minutes 1.8.2020
- IDA Regular Board Meeting Minutes 1.16.2020
- IDA Regular Meeting Minutes 6.17.2021
- IDA Board Meeting Minutes 6.22.23
Public Hearings
- Public Hearing Notice - 563 New Scotland Ave, LLC
- Public Hearing Transcript - 563 New Scotland Ave, LLC
Meeting Recordings
Project Images - Thumbnail Option
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