Albany IDA Project Index
Makura, Inc
Project Number: 01012005
Project Address: 351 Southern Boulevard
Applicant Name: Makura, Inc
Owner(s): Mukesh Fansiwala, Rashmi Fansiwala
Developer: Trinity Real Estate Group
Project Description:
The project involves the construction of a 60,000 square foot, 4 story hotel. The project will take what is currently a vacant 1.8 acre parcel (currently being sub-divided) and create 106 hotel rooms with an indoor pool, fitness room, and a Bar/Lounge.
Approval Date: 3/21/2019
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): No PILOT
Estimated Employment Impact: 100 Construction jobs and 25 full-time jobs created, 0 full-time retained
Project Documents
Project Documents
- Final Project Summary - Makura, Inc
- Approving Resolutions - Makura, Inc
- Application - Makura, Inc
- Project Benefit Agreement - Makura, Inc
- PARIS Report - Makura, Inc
Meeting Materials
- IDA Finance Committee Materials 2.13.19
- IDA Board Materials 2.21.19
- IDA Finance Committee Meeting Materials 03.13.19
- IDA Board Meeting Materials 3.21.19
Meeting Minutes
- IDA Finance Committee Meeting Minutes 2.13.19
- IDA Regular Board Meeting Minutes 2.21.19
- IDA Finance Committee Meeting Minutes 3.13.19
Public Hearings
Project Images - Thumbnail Option
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