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Albany IDA Project Index

Quackenbush Square

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

Meeting Materials

Meeting Minutes

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