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Press Release Available Here.pdf

CapitalizeAlbany-TR-Hackett-8.19.21.pdf
Preview of Press Release Available Here
🔗 Source: capitalizealbany.com
📊 Size: 151 KB
👤 Author: Michael Bohne, APR
⬇️ Downloads: 156

Summary

A $6.7 million investment will transform a vacant 0.67-acre site at 42-47 Besch Ave. in Albany into a 39-unit market-rate apartment complex, creating at least 260 construction jobs and generating $1.5 million in additional revenue for local taxing jurisdictions. The project, called The Reserve on Hackett, will also improve neighborhood walkability and connectivity, with features such as underground water retention systems, sidewalks, and a crosswalk connecting to a bike path. The City of Albany Industrial Development Agency has approved assistance for the project, which is expected to generate over $1.5 million in additional revenue over 20 years and $298,907 annually after the completion of the PILOT period.

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Description

A $6.7 million investment will transform a vacant 0.67-acre site at 42-47 Besch Ave.

Technical Information

  • File Format: PDF
  • File Size: 151 KB
  • Pages: 2
  • Language: EN
  • Author: Michael Bohne, APR
  • Total Downloads: 156
  • Last Updated: 1 week ago

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