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Albany IDA Project Index

745 Broadway Apartments LLC

Project Number: 915

Project Address: 745 Broadway

Applicant Name: 745 Broadway Apartments LLC

Owner(s): Mark Aronowitz, Norman Nicols

Developer: 745 Broadway Apartments LLC

Project Description:

The Project proposes to construct a 5-story mixed-use residential commercial retail structure containing approximately 80 residential market rate apartment units and 6,600 SF of commercial retail space on the ground floor. The 1.38 acre project site, which is currently a parking lot, will also include approx. 75 off-street parking spaces.

Approval Date: 10/22/20

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2,963,791

Estimated Employment Impact: 150 Construction jobs and 4 full-time jobs created, 0 full-time retained

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