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Albany IDA Project Index

363 Ontario Street

Project Number: 01011801

Project Address: 363 Ontario Street

Applicant Name: 363 Ontario Street LLC

Owner(s): Ryan Jankow , Tom Lynch

Developer: Jankow Companies

Project Description:

The project consists of the acquisition of a +/- 1.8 acre parcel of land, demolition of the existing structure on site, and construction of three buildings totaling 58,500 SF, which will create +/- 109 residential apartment units (with tenant amenities), 99 underground parking spaces, 43 surface parking spaces, and 4,000-6,000 SF of retail space. Acquisition of various personal property and furniture, fixtures, and equipment are also part of the project.

Approval Date: 03/01/2018

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $4,776,223

Estimated Employment Impact: 85 Construction jobs and 5 full-time jobs created, 0 full-time retained

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