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Albany IDA Project Index

132 State Street Properties LLC

Project Number: 01011401

Project Address: 132 State Street

Applicant Name: 132 State Street Properties LLC

Owner(s): Joseph R. Nicolla, Richard A. Rosen

Developer: Columbia Development

Project Description:

The project consists of the acquisition of a parcel of land as well as the acquisition and renovation of an existing five-story, 9,450 SF building into commercial office space with retail on the first floor. The project includes the installation of tenant finishes, personal property, fixtures, furniture and equipment.

Approval Date: 1/23/2014

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $454,696

Estimated Employment Impact: 25 construction jobs and 3 full-time equivalent jobs created, 17 full-time equivalent retained

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