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.