Albany IDA Project Index
40-48 Pearl Street LLC
Project Number: 01011504
Project Address: 40-48 South Pearl Street
Applicant Name: 40-48 Pearl Street LLC
Owner(s): Christopher Maddalone, Seth Meltzer
Developer: Maddalone & Associates
Project Description:
The project consists of the revitalization of two adjoining vacant buildings encompassing 24,000 SF directly across from the Times Union Center. The property will be converted into 16 market-rate apartments on the upper floors, a 4,500 SF restaurant and three retail spaces of approx. 600 SF each at ground level.
Approval Date: 5/21/2015
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT.
Estimated Employment Impact: 15 construction jobs and 35 full-time equivalent jobs created, 0 full-time retained
Project Documents
Project Documents
- Final Project Summary - 40-48 S. Pearl Street LLC
- Approving Resolutions - 40-48 S. Pearl Street LLC
- Application - 40-48 S. Pearl Street LLC
- PARIS Report - 40-48 S. Pearl Street LLC
Meeting Materials
- IDA Board Materials 3.19.15
- IDA Finance Committee Materials 4.8.15
- IDA Board Materials 4.23.15
- IDA Finance Committee Materials 5.12.15
- IDA Board Materials 5.21.15
Meeting Minutes
- IDA Board Meeting Minutes 3.19.15
- IDA Finance Committee Minutes 4.8.15
- IDA Board Minutes 4.23.15
- IDA Finance Committee Minutes 5.12.15
- IDA Board Minutes 5.21.15
Public Hearings
Project Images - Thumbnail Option
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