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Albany IDA Project Index

Harmony Mills South

Project Number: 01012003

Project Address: 90 State Street

Applicant Name: Harmony Mills South, LLC

Owner(s): Mohawk Trust, HM Trust

Developer: Uri Kaufman

Project Description:

This project consists of the conversion of the upper 11 stories of this 15-story structure into 154 market-rate residential units. This property is presently primarily used for office space, with commercial/retail space on the ground floor. Post conversion, a portion of the office space as well as the existing commercial uses will remain.

Approval Date: 8/22/2019

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $3,123,127

Estimated Employment Impact: 89 construction jobs and 1 full-time equivalent job created, 4 full-time equivalent jobs retained

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