Albany IDA Project Index
FC 705 Broadway, LLC
Project Number: 705
Project Address: 705 Broadway
Applicant Name: FC 705 Broadway, LLC / 705 Broadway Hotel, LLC
Owner(s): Melissa F. Zell and Michael P. Falcone
Developer: 705 Broadway Hotel, LLC
Project Description:
The project involves the construction of a 132 room, limited service hotel at 705 Broadway in Albany. The hotel is an eight story building consisting of 84,534 SF. The hotel will include a guest fitness center and pool, small meeting areas as well as guest dining areas and outdoor seating areas.
Approval Date: 06/20/19
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2,710,401
Estimated Employment Impact: 100 Construction jobs and 20 full-time jobs created, 0 full-time retained
Project Documents
Project Documents
- Final Project Summary - FC 705 Broadway, LLC / 705 Broadway Hotel, LLC
- Approving Resolutions - FC 705 Broadway, LLC / 705 Broadway Hotel, LLC
- Application - FC 705 Broadway, LLC / 705 Broadway Hotel, LLC
- Project Benefit Analysis - FC 705 Broadway, LLC / 705 Broadway Hotel, LLC
- Resolution Approving Second Extension of Approving Resolutions - 705 Broadway, LLC
- Resolution Approving Third Extension of Approval Resolution and Changes to Project - FC 705 Broadway, LLC
- PILOT Agreement - FC Broadway, LLC / 705 Broadway Hotel, LLC
- Project Benefit Agreement - FC Broadway, LLC / 705 Broadway Hotel, LLC
Meeting Materials
- IDA Finance Committee Materials 12.12.18
- IDA Finance Committee Meeting Materials 5.8.19
- IDA Board Materials 5.16.19
- IDA Finance Committee Materials 6.12.19
- IDA Board Meeting Materials 06.20.19
- IDA Board Meeting Materials 6.17.21
- IDA Board Meeting Materials 8.17.23
Meeting Minutes
- IDA Finance Committee Minutes 12.12.18
- IDA Finance Committee Meeting Minutes 5.8.19
- IDA Regular Board Meeting Minutes 5.16.19
- IDA Finance Committee Meeting Minutes 6.12.19
- IDA Board Meeting Minutes 6.20.19
- IDA Regular Meeting Minutes 6.17.2021
- IDA Board Meeting Minutes 8.17.23
Public Hearings
Meeting Recordings
Project Images - Thumbnail Option
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