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Albany IDA Project Index

19-21 Erie Boulevard

Project Number: 21 Erie Assoc. LLC

Project Address: 19-21 Erie Boulevard, Albany, NY 12204

Applicant Name: 21 Erie Assoc. LLC

Owner(s): Jeffrey Buell, John Blackburn, Thomas Rossi

Developer: Redburn Development Partners

Project Description:

Historic redevelopment of the existing warehouse at 19 Erie Blvd. The 225,000 square-foot warehouse will be redeveloped into more than 275 market-rate apartments and more than 45,000 square feet of commercial space. The renovated building will include indoor amenities such as a pool, gym, gameroom, and business center. The historic nature of the building will be preserved by maintaining the large volume in the main lobby. Apartments will feature historic elements such as concrete floors and exposed wood cielings, along with modern industrial finishes. The exterior of the building will remain mostly unchanged, with the exception of windows being added back in to the historic masonry walls. The project site will also receive several upgrades, including new lighting, added parking, new pavement, and an abundance of landscaping. More than 25 trees will be added along Erie Blvd and across the site. The rear of the site will become an outdoor amenity area with gardens, walking path, beach volleyball court, and dog park. The renovation is expected to begin in Winter 2021 and be complete by Summer 2023. The project will utilize state and federal historic tax credits. Upon completion, the project applicant will apply for the City of Albany 485-a tax abatement program.

Approval Date:

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT

Estimated Employment Impact: 150 Construction jobs and 3 full-time jobs created, 46 full-time retained

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