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Albany IDA Project Index

Holland Ave. OZ, LLC

Project Number: 25 Holland Ave.

Project Address: 25 Holland Ave., Albany, NY

Applicant Name: Holland Ave. OZ, LLC

Owner(s): Simon Milde (28%), Tobias Milde (20%), Benjamin Milde (19%), Bill Hoblock (5%) and James Flood (28%)

Developer: Richbell Development

Project Description:

The project involves the construction of a +/- 67,132 SF market rate apartment complex containing 60 residential rental units with +/- 59 parking spaces on a +/- 1.2 acre site. Photos of the Project have been included in this package.

Approval Date: October 21, 2021

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $3,296,051

Estimated Employment Impact: 115 Construction jobs and 2 Full-time jobs created

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