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Albany IDA Project Index

The Reserve at Park South

Project Number: 01011807

Project Address: 79-91 Dana Avenue

Applicant Name: RECKDE LLC

Owner(s): Ronald Stein

Developer: Ronald Stein

Project Description:

The project consists of the revitalization of four vacant parcels and three condemned buildings on Dana Avenue. The proposed project includes the construction of a 40,000 SF apartment building, which will create 30 market-rate residential units.

Approval Date: 09/21/2017

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,380,478

Estimated Employment Impact: 35 Construction jobs and 1 full-time jobs created, 0 full-time retained

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