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Albany IDA Project Index

413 North Pearl Associates LLC

Project Number: 413

Project Address: 425 North Pearl Street

Applicant Name: 413 North Pearl Assoc LLC

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

Developer: 413 North Pearl Assoc, LLC

Project Description:

The project involves the proposed historic redevelopment of an approx. 90,000 SF structure at 413-25 N. Pearl Street into 80 market rate residential rental apartments and +/- 13,500 SF of commercial space. The project will also include 54 off-street parking spaces. The site is currently occupied by CMP Industries.

Approval Date: 03/18/21

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

Estimated Employment Impact: 75 Construction jobs and 2 full-time equivalent jobs created, 0 full-time retained

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