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Albany IDA Project Index

Eleftheria of Albany

Project Number: 01011503

Project Address: 241 South Allen Street

Applicant Name: Eleftheria Properties LLC

Owner(s): James J. Googas

Developer: James J. Googas

Project Description:

The project consists of the construction of two, three-story, 30,800 SF garden apartment buildings. There will be a total of 48 residential units split equally between the two buildings. There will be a total of 84 parking spaces, 60 of which will be located beneath the two buildings. The vacant project site, approximately 2.179 acres, was acquired on March 14, 2014.

Approval Date: 12/20/2014

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $501,896

Estimated Employment Impact: 50 construction jobs and 1 full-time equivalent job created, 0 full-time equivalent retained

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