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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

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