Albany IDA Project Index
Lofts at Pine Hills
Project Number: 237
Project Address: 237 Western Avenue
Applicant Name: The Lofts at Pine Hills, LLC
Owner(s): Patrick Rafferty and Heather Rafferty
Developer: The Lofts at Pine Hills, LLC
Project Description:
The Project proposes to construct a +/- 124,300 SF, 5-story mixed-use residential commercial retail structure containing approximately 97 residential market rate apartment units and 6,000 SF of commercial retail space on the ground floor intended for two tenants. The 1.62 acre project site, which currently has 11 vacant structures that will be demolished, will also include approx. 99 off-street parking spaces.
Approval Date: 03/18/21
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2,942,949
Estimated Employment Impact: 150 Construction jobs and 5 full-time equivalent jobs created, 0 full-time retained
Project Documents
Project Documents
- Final Project Summary - The Lofts at Pine Hills, LLC
- Approving Resolutions - The Lofts at Pine Hills, LLC
- Application - The Lofts at Pine Hills, LLC
- Project Benefit Analysis - The Lofts at Pine Hills, LLC
- Resolution Approving Extension of Approving Resolution Lofts at Pine Hills
- Amended Approving Resolution Lofts at Pine Hills
- Resolution Approving Extension - Lofts at Pine Hills, LLC
Meeting Materials
- IDA Finance Committee Meeting Materials 1.13.21
- IDA Board Meeting Materials 1.21.21
- IDA Finance Committee Meeting Materials 2.10.21
- IDA Board Meeting Materials 2.18.21
- IDA Finance Committee Meeting Materials 3.10.21
- IDA Board Meeting Materials 3.18.21
- IDA Regular Board Meeting Notice 3.17.2022
- IDA Board Meeting Materials 6.22.23
Meeting Minutes
- IDA Finance Committee Meeting Minutes 01.13.21
- IDA Regular Board Meeting Minutes 01.21.2021
- IDA Finance Committee Meeting Minutes 02.10.21
- IDA Regular Meeting Minutes 2.18.2021
- IDA Finance Committee Meeting Minutes 3.9.2022
- IDA Regular Meeting Minutes 3.17.2022
- IDA Board Meeting Minutes 6.22.23
Public Hearings
- Public Hearing Notice - The Lofts at Pine Hills, LLC
- Public Hearing Transcript - The Lofts at Pine Hills, LLC
Meeting Recordings
Project Images - Thumbnail Option
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