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Albany IDA Project Index

Lofts at 733 Broadway

Project Number: 01011408

Project Address: 733 Broadway

Applicant Name: 733 Broadway LLC

Owner(s): Norstar Investment USA, Inc., Black Locust, LLC

Developer: Norstar Development USA LP

Project Description:

The project consists of the conversion of a vacant three-story, 45,000 SF commercial office building into a mixed-use commercial office/retail and residential building. The project will include approximately 30 residential rental units (floors 1 - 3) with one and two bedroom units. The first floor will include approximately 2,500 SF of rentable commercial space that could accommodate up to two potential commercial tenants. Parking will be located on-site.

Approval Date: 04/24/2014

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 27 construction jobs and 1 full-time equivalent job created, 5 full-time equivalent retained

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