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Albany IDA Project Index

Clinton Square Studios LLC

Project Number: TBD

Project Address: 67 Livingston Avenue

Applicant Name: Equity Residential Development LLC

Owner(s): Clinton Square Studios LLC

Developer: David Sarraf

Project Description:

The project involves the construction of a mixed-use +/- 58,400 SF, 6-story structure that will include 57 units of affordable housing, 1,590 SF of ground floor retail space intended to serve as an art gallery and 10 residential units (+/- 5,100 SF) on the second floor reserved for Capital Repertory Theatre to temporarily house actors.

Approval Date: 11/21/24

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): 2,633,862

Estimated Employment Impact: The project is anticipated to create approximately fifty (50) construction jobs and two (2) full-time permanent jobs.

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