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Albany IDA Project Index

420 Broadway

Project Number: 01011810

Project Address: 420 Broadway

Applicant Name: 420 Broadway Albany, LLC

Owner(s): Chris Maddalone, Seth Meltzer

Developer: Hudson Development Partners

Project Description:

The project consists of the renovation of 420 Broadway. The project will take what is currently a mostly vacant building and create seven one-bedroom apartments, while maintaining the current commercial business located on the first floor. This project will breathe new life into this beautiful building, while also maintaining the building’s rich historic integrity. During the renovation, the developers will preserve the 19th Century graffiti currently decorating the walls and use them to adorn the completed product to showcase the building’s vintage charm.

Approval Date: 04/19/2018

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

Estimated Employment Impact: 7 construction jobs and 1 full-time equivalent job created, 1 full-time equivalent retained

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