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Albany IDA Project Index

61 N. Pearl Street LLC

Project Number: 61

Project Address: 61 N. Pearl Street

Applicant Name: 61 N. Pearl Street LLC

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

Developer: Redburn Development Partners

Project Description:

The project involves the historic renovation and conversion of a +/- 39,760 SF mixed-use structure at 61 N. Pearl Street into 15 market rate residential rental apartments. The four existing retail spaces along Steuben St. and +/- 5,000 SF restaurant will remain in place. Photos of the Project have been included in this package.

Approval Date: 7.22.2021

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

Estimated Employment Impact: 25 Construction jobs and 8 full-time jobs created, 8 full-time retained

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