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Albany IDA Project Index

Honest Weight Food Co-Op, Inc.

Project Number: 01011206

Project Address: 100 Watervliet Avenue

Applicant Name: Honest Weight Food Co-Op, Inc.

Owner(s): Over 8,000 shareholders who each hold an equal single share

Developer: Honest Weight Food Co-Operative, Inc.

Project Description:

The project consists of the demolition of an existing 41,100 SF industrial building and the construction of a new 30,700 SF natural foods grocery store. The new building is intended to offer owners and customers an inviting, functional and aesthetically appealing shopping experience, consistent with new competition entering the regional market. The 2.67 +/- acre property was purchased back in 2007 with the intent that it would serve as the future home of the Applicant. Since the purchase, the Applicant has been working towards commencement of the project.

Approval Date: 07/19/2012

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $426,937

Estimated Employment Impact: 200 construction jobs and 30 full-time equivalent jobs created, 71 full-time equivalent retained

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