Albany IDA Project Index
Auden Albany
Project Number: 01011703
Project Address: 1385 Washington Avenue
Applicant Name: 1385 Washington Avenue Associates
Owner(s): Jon Grant, Harvey Blonder, Clifford Mendelson, Gregg Wallace
Developer: Capital Solutions
Project Description:
The project consists of the demolition of the existing Red Carpet Inn (+/- 50,000 SF) and the construction of an approximate 101-unit (322 bed) for-profit student housing complex. The +/- 142,000 SF building will be constructed over a partially-underground parking garage of approximately +/- 48,000 SF with approximately 146 parking spaces directly across from the SUNY Albany campus. Inclusive of surface parking, there will be +/- 180 spaces. The rooms will be configured between 1 and 4 BDRM/BA combinations and will share common room space and a kitchen area. The units will be fully furnished and marketed to students, staff and faculty attending local universities. Further on-site amenities include an office area, fitness center, clubhouse, and courtyard area.
Approval Date: 04/01/2017
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,996,201
Estimated Employment Impact: 90 Construction jobs and 7 full-time jobs created, 0 full-time retained
Project Documents
Project Documents
- Final Project Summary - 1385 Washington Avenue
- PILOT Agreement - 1385 Washington Avenue
- Approving Resolutions - 1385 Washington Avenue
- Application - 1385 Washington Avenue
- Project Benefit Agreement - 1385 Washington Avenue
- PARIS Report - 1385 Washington Avenue
Meeting Materials
- IDA Finance Committee Materials 3.9.16
- IDA Board Materials 3.17.16
- IDA Finance Committee Materials 4.13.16
- IDA Board Materials 4.21.16
Meeting Minutes
- IDA Finance Committee Minutes 3.9.16
- IDA Board Minutes 3.17.16
- IDA Finance Committee Minutes 4.13.16
- IDA Board Materials 4.21.16
Public Hearings
Project Images - Thumbnail Option
Click to enlarge
