Albany IDA Project Index

1211 Western Avenue Property Associates, LLC

Project Number: 0101 21 01 A

Project Address: 1211 Western Avenue

Applicant Name: 1211 Western Avenue Property Associates, LLC

Owner(s): Yiping Hu, Shihao Hu and Yuanliu Jacky He

Developer: 1211 Western Avenue Property Associates, LLC

Project Description:

The proposed Project includes the construction of a 6-story, +/- 190,968 SF mixed-use multi-family/ commercial retail complex containing approximately 136 residential apartment units and +/- 1,840 SF of commercial retail space on the ground floor. The project will also contain an internal parking garage for approx. 150 vehicles. An existing 30,000 SF vacant commercial office structure on site will be demolished.

Approval Date: 09/17/20

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $7,685,092

Estimated Employment Impact: 90 Construction jobs and 5 full-time jobs created, 0 full-time retained

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