Albany IDA Project Index
The Argus Apartments
Project Number: 01011406
Project Address: 412 Broadway
Applicant Name: 412 Broadway Realty LLC
Owner(s): Marc Paquin and Gerry Gauer
Developer: Cass Hill Development Co.
Project Description:
The project consists of the conversion of a vacant five-story, 36,900 SF mixed-use retail and commercial office building into mixed-use retail and residential. The Applicant is proposing 32 residential rental units (floors 2 - 5) with one and two bedroom units. The first floor will include over 6,400 SF of rentable commercial space that could accommodate up to two potential commercial tenants.
Approval Date: 12/19/2013
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $403,797
Estimated Employment Impact: 26 construction jobs and 8 full-time equivalent jobs created, 0 full-time equivalent retained
Project Documents
Project Documents
- Final Project Summary - 412 Broadway Realty LLC
- PILOT Agreement - 412 Broadway Realty LLC
- Approving Resolutions - 412 Broadway Realty LLC
- Application - 412 Broadway Realty LLC
- PARIS Report - 412 Broadway Realty LLC
Meeting Materials
- IDA Finance Committee Materials 11.13.13
- IDA Board Materials 11.21.13
- IDA Finance Committee Materials 12.11.13
- IDA Board Materials 12.19.13
Meeting Minutes
- IDA Finance Committee Minutes 11.13.13
- IDA Board Minutes 11.21.13
- IDA Finance Committee Minutes 12.11.13
- IDA Board Minutes 12.19.13
Public Hearings
Project Images - Thumbnail Option
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