Albany IDA Project Index
1211 Western Avenue Property Associates, LLC
Project Number: 1211
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
Project Documents
Project Documents
- Final Project Summary - 1211 Western Avenue Property Associates, LLC
- Approving Resolutions -1211 Western Avenue Property Associates, LLC
- Application - 1211 Western Avenue Property Associates, LLC
- Project Benefit Analysis - 1211 Western Avenue Property Associates, LLC
- Commercial PILOT Agreement - 1211 Western Avenue Property Associates, LLC
- Project Benefit Agreement - 1211 Western Avenue Property Associates, LLC
- Residential PILOT Agreement - 1211 Western Avenue Property Associates, LLC
- Resolution Consenting To Refinancing And Second Modification of Basic Documents - 1211 Western Ave, LLC Project
Meeting Materials
- IDA Finance Committee Materials 3.11.20
- IDA Finance Committee materials 7.8.20
- IDA Board materials 7.16.20
- IDA Finance Committee Materials 8.12.20
- IDA Finance Committee materials 9.9.20
- IDA Board meeting 9.17.20
- IDA Board Meeting Materials 8.17.23
Meeting Minutes
- IDA Finance Committee Minutes 3.11.2020
- IDA Finance Committee Minutes 7.08.2020
- IDA Regular Board Meeting Minutes 7.16.2020
- IDA Finance Committee Minutes 8.12.2020
- IDA Finance Committee Meeting Minutes 09.09.20
- IDA Regular Board Meeting Minutes 9.17.2020
- IDA Board Meeting Minutes 8.17.23
Public Hearings
- Public Hearing Notice - 1211 Western Avenue Property Associates, LLC
- Public Hearing Transcript - 1211 Western Avenue Property Associates, LLC
Meeting Recordings
Project Images - Thumbnail Option
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