Albany IDA Project Index
One Columbia Place Realty LLC
Project Number: 01011505
Project Address: 1 Columbia Place and 48 Sheridan Avenue
Applicant Name: One Columbia Place Realty, LLC
Owner(s): Marc Paquin
Developer: Cass Hill Development Co.
The project consists of the revitalization of a 25,368 SF historic structure built in 1840. The project includes the conversion of a vacant commercial office building into 21 one and two bedroom market-rate residential units. A portion of the property (nearly 25%) collapsed in August 2014. Consequently, the Applicant invested $170,000 in shoring and stabilizing the structure in addition to $25,000 in architectural and engineering fees.
Approval Date: 06/18/2015
Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $397,429
Estimated Employment Impact: 25 construction jobs and 1 full-time equivalent job created, 0 full-time retained
- Final Project Summary - One Columbia Place Realty, LLC
- PILOT Agreement - One Columbia Place Realty, LLC
- Approving Resolutions - One Columbia Place Realty, LLC
- Application - One Columbia Place Realty, LLC
- PARIS Report - One Columbia Place Realty, LLC