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Albany IDA Project Index

FC 705 Broadway, LLC

Project Number: 705

Project Address: 705 Broadway

Applicant Name: FC 705 Broadway, LLC / 705 Broadway Hotel, LLC

Owner(s): Melissa F. Zell and Michael P. Falcone

Developer: 705 Broadway Hotel, LLC

Project Description:

The project involves the construction of a 132 room, limited service hotel at 705 Broadway in Albany. The hotel is an eight story building consisting of 84,534 SF. The hotel will include a guest fitness center and pool, small meeting areas as well as guest dining areas and outdoor seating areas.

Approval Date: 06/20/19

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $2,710,401

Estimated Employment Impact: 100 Construction jobs and 20 full-time jobs created, 0 full-time retained

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