Quackenbush Square

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Project Number: 705Q

Project Address: 705 Broadway

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

Owner(s): Michael P. Falcone, Melissa F. Zell, Mark Roney

Developer: Pioneer Real Estate Company

Project Description:

The project consists of the construction of a 132-room, limited service hotel at 705 Broadway in Albany. The hotel proposed 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: 06/20/2019

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

Estimated Employment Impact: 125 construction jobs and 25 full-time equivalent jobs created, 0 full-time retained

Project Documents

Project Documents

• Final Project Summary - FC 705 Broadway, LLC / 705 Broadway Hotel, LLC
• Approving Resolutions - FC 705 Broadway, LLC / 705 Broadway Hotel, LLC
• Application - FC 705 Broadway, LLC / 705 Broadway Hotel, LLC
• Project Benefit Analysis - FC 705 Broadway, LLC / 705 Broadway Hotel, LLC

Meeting Materials

• IDA Finance Committee Materials 12.12.18
• IDA Finance Committee Materials 5.08.19
• IDA Board Materials 5.16.19
• IDA Finance Committee Materials 6.12.19
• IDA Board Meeting Materials 06.20.19

Meeting Minutes

• IDA Finance Committee Minutes 12.12.18
• IDA Finance Committee Meeting Minutes 5.8.19
• IDA Regular Board Meeting Minutes 5.16.19
• IDA Finance Committee Meeting Minutes 6.12.19
• IDA Board Meeting Minutes 6.20.19

Project Images - Thumbnail Option

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