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Albany IDA Project Index

140 State Street Properties LLC

Project Number: 01011403

Project Address: 140 State Street

Applicant Name: 140 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 along with the acquisition and renovation of an existing five-story, 5,500 SF building into a mixed-use building with retail on the first floor and approximately four residential units on the upper floors. The project includes the installation of tenant finishes, personal property, fixtures, furniture and equipment.

Approval Date: 01/23/2014

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $38,831

Estimated Employment Impact: 25 construction jobs and 5 full-time equivalent jobs created, 0 full-time equivalent retained

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