Albany IDA Project Index
Block75 Apartments
Project Number: 01011506
Project Address: 1475 Washington Avenue
Applicant Name: 1475 Washington Avenue Associates LLC
Owner(s): Jon grant, Frank Seidman and Frank Seidman Irr. Family trust, Nimish Sangrajkah ATBE, Jared Zeisler, Fran & Kristina Donato ATBE, Jessica Starkey
Developer: Capital Solutions
Project Description:
The project consists of the construction of a +/- 183,750 SF, four-story, private student housing complex. The structure will consist of approximately 271 student beds (118 units) that will sit over a 145 space parking podium. The fully furnished units will be configured between 1 and 4 BR/BA combinations and will share common room space and a kitchen area. Further amenities include an office area, fitness center, clubhouse, and courtyard area. The Applicant currently has a $1.3 M option in place to purchase the land at 1475 Washington Avenue.
Approval Date: 03/19/2015
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,523,280
Estimated Employment Impact: 90 construction jobs and 7 full-time equivalent jobs created, 0 full-time retained
Project Documents
Project Documents
- Final Project Summary - 1475 Washington Avenue Associates LLC
- PILOT Agreement - 1475 Washington Avenue Associates LLC
- Approving Resolutions - 1475 Washington Avenue Associates LLC
- Application - 1475 Washington Avenue Associates LLC
- Project Benefit Agreement - 1475 Washington Avenue Associates LLC
- PARIS Reeport- 1475 Washington Avenue Associates LLC
Meeting Materials
- IDA Finance Committee Materials 1.14.15
- IDA Board Materials 1.22.15
- IDA Finance Committee Materials 2.11.15
- IDA Finance Committee Materials 3.11.15
- IDA Board Materials 3.19.15
Meeting Minutes
- IDA Finance Committee Minutes 1.14.15
- IDA Board Minutes 1.22.15
- IDA Finance Committee Minutes 2.11.15
- IDA Finance Committee Minutes 3.11.15
- IDA Board Meeting Minutes 3.19.15
Public Hearings
Project Images - Thumbnail Option
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