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Albany IDA Project Index

Project Number: TBD

Project Address: 67-71 Livingston Ave, 788-794 Broadway

Applicant Name: Equity Residential Development LLC

Owner(s): David Sarraf and Harris Sarraf

Developer: Fairbank Properties

Project Description:

The project involves the construction of a mixed-use +/- 58,400 SF, six-story structure that will include 57 units of affordable housing, 1,590 SF of ground floor retail space intended to serve as an art gallery and 10 residential units (+/- 5,100 SF) on the second floor reserved for Capital Repertory Theatre to temporarily house actors.

Approval Date: 11/21/24

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2, 633, 862

Estimated Employment Impact: Project is anticipated to create approximately 50 construction jobs and 2 permanent jobs.

Project Documents

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