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Albany IDA Project Index

The Reserve at Hackett

Project Number: 47

Project Address: 42 & 47 Besch Avenue

Applicant Name: TR Hackett LLC

Owner(s): Ron Stein

Developer: Ron Stein

Project Description:

The project involves the construction of a +/- 60,000 SF market rate apartment complex on vacant land. The structure will contain 39 residential rental units over +/- 44 covered parking spaces. Photos of the Project have been included in this package.

Approval Date: 8.19.2021

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT): $1,387,359

Estimated Employment Impact: 260 Construction jobs and 0 full-time jobs created, 0 full-time retained

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