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Albany IDA Project Index

144 State Street LLC

Project Number: 01011404

Project Address: 144 State Street

Applicant Name: 144 State Street 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 a historic, existing 180,000 SF building into a +/-204 room hotel with banquet/event space. 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): $5,934,476

Estimated Employment Impact: 200 construction jobs and 162 full-time equivalent jobs created, 162 full-time equivalent jobs retained

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