Projects

The IDA projects are in the process of being updated. For the most current project information, please view our 2024 PARIS Report (PDF).

  1. 10 River Street

Redevelopment of the former Old Brick Furniture building located at 2-10 River Street into 80 apartment units.

  1. 25 Morrison Ave 

Redevelopment of a current apartment complex consisting of two 2-story apartment buildings containing 81 residential apartment units. 

Project Approved: July 13, 2016
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $4,600,000
Job Numbers: 2 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. 2920 Fifth Ave. Assoc., LLC

Redevelopment of a 4-story former public school into 28 residential apartment units. 

Project Approved: July 12, 2016
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $1,891,000
Job Numbers: 2 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. 33 Second Street, LLC

Redevelopment of a 5-story mixed use building containing multiple businesses and 10 market rate residential apartment units. 

Project Approved: August 15, 2014
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $2,195,000
Job Numbers: 5.5 Jobs Retained and 26.5 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. 444 River Street Redevelopment Project

Redevelopment of a 5-story vacant warehouse containing 74 residential apartment units. 

Project Approved: August 30, 2017
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $17,950,000
Job Numbers: 3 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. 504 Broadway Holdings, LLC

Redevelopment of a 2-story building into a 4-story multi-tenanted structure containing approximately 20,000 square feet of commercial and retail space including a ground floor restaurant facility and commercial and professional offices spaces on the upper floors. 

Project Approved: April 24, 2025
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $9,367,685
Job Numbers: 5 Jobs Retained and 28 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. 625 7th Ave Tenant, LLC

Redevelopment of a former catholic high school and gymnasium into 98 residential apartment units. 

Project Approved: February 13, 2024
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $18,298,690
Job Numbers: 1 Job Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. 701 River Street, LLC

Redevelopment of a 6-story vacant warehouse into a mixed use building containing 15,000 square feet of commercial space and 80 residential apartment units. 

Project Approved: March 9, 2018
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $10,585,000
Job Numbers: 17 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Casa Blanca Realty Troy, Inc.

Redevelopment of a vacant gas station located at 885 5th Ave including new tanks and the addition of a coffee shop. 

Project Approved: June 30, 2023
Type of Assistance: Sales and Use Tax Exemption Only
Total Project Amount: $1,283,790
Additional Documents: Application, Authorizing Resolution, Project Agreement, Sales Tax Exemption Letter

  1. Chestnut Bur, LLC

Redevelopment of a three properties; 9 and 16 First Street and 11 State Street. Each property was renovated into a mix of commercial and residential units containing a combined 20,000 square feet of commercial space and 15 market rate residential apartment units. 

Project Approved: Originally approved as 16 First Street, LLC on April 25, 2014, Reassigned to Chestnut Bur, LLC on May 18, 2018
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $2,300,000
Job Numbers: 1 Job Retained and 28 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. City Station East

 Construction of a new 5-story mixed use building with approximately 13,000 square feet of commercial and retail space and 48 units of residential housing located at 1522 Sixth Ave. Approximately 250 parking spaces will be built below ground.  

Project Approved: March 27, 2012
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $14,418,000
Job Numbers: 9 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. City Station North

Construction of a new mixed use commercial and residential facility containing approximately 50,000 sf of commercial space and 87 market rate rental apartment units. 

Project Approved: May 31, 2023
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $40,680,000
Job Numbers:  45 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. City Station South

Construction of a new  4-story housing  facility consisting of 55 units of rental housing located at  124 Ferry Street.

Project Approved:  03/01/2012
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $7,600,000
Job Numbers:  5 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. City Station West

Construction of a new  5-story, mixed-use building with approximately 17,000 square feet of commercial space and 48 units of residential housing located at 1521 6th Avenue. 

Project Approved: 03/01/2011
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $12,835,000
Job Numbers:  44 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Columbia Chasen Realty, LLC

Redevelopment of an existing 3-story building into a commercial office building containing approximately 34,000 square feet of space. 

Project Approved: November 28, 2011
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $5,400,000
Job Numbers: 70 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Columbia Proctors Realty, LLC

Redevelopment of a multi story building (including basement) and theater into a commercial office building containing 22,000 square feet of commercial space. The 60,000 square feet of theater space will be mothballed to prevent further deterioration.  

Project Approved: February 21, 2014
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $7,200,000
Job Numbers: 40 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Cookie Factory, LLC

Redevelopment of a 26,625 square foot building to a baked goods production and packaging facility.  

Project Approved: September 9, 2019
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $500,000
Job Numbers: 24Jobs Retained and 4 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

Project complete - 2024 is the last year that project information needs to be reported. 

  1. Dauchy River Triangle, LLC - Dauchy Building

Redevelopment of a 25,700 square foot multi story commercial building into a mixed use building containing multi-tenanted commercial space and 29 market rate apartment units.  

Project Approved: December 6, 2013
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $5,600,000
Job Numbers: 7.5 Jobs Retained and 8.5 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Dauchy River Triangle, LLC - River Triangle Building

Redevelopment of a 18,000 multi-story building and 6,000 square foot former theater into a multi-tenanted commercial facilities and 9 market rate apartment units. 

Project Approved: July 1, 2014
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $2,300,000
Job Numbers: 19 Jobs Retained and 5.5 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Dinosaur Restaurants, LLC

Redevelopment of a vacant restaurant located at 377 River Street, as a new restaurant facility. 

Project Approved: August 1, 2009
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $2,900,000
Job Numbers: 80 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. First Columbia 433 River Street, LLC

Redevelopment of approximately 335,000 square feet and a surface parking lot located at 433 River Street with a capacity for approximately 300 vehicles and improvements of up to 20,000 square feet of additional commercial space on the 9th floor. 

Project Approved: May 29, 2021
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $9,740,000
Job Numbers: 930 Jobs Retained
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Fitzgerald OZ, LLC

Redevelopment and upgrade of a 3-story, 76,000 square foot storage facility that will contain 623 Class A climate controlled storage units, installation of a new elevator, roof, fire protection system and other improvements.  

Project Approved: December 17, 2020
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $13,131,974
Job Numbers: 1 Jobs Retained and 2 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Five One Five River Street, LLC

Redevelopment of parking lot into a 5-story, approximately 75,000 square foot hotel building containing 124 rooms, restaurant and amenities.  

Project Approved: October 31, 2017
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $18,662,615
Job Numbers: 15 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Fourth Street Troy, LLC

Acquisition and redevelopment of a multiple parcels located at 134-142 Fourth Street and 144-146 Fourth Street into a 5-story, approximately 194,000 square foot mixed use commercial and residential facility. When complete, it is expected to contain 3,000 square feet of commercial space and 80 market rate apartments.  

Project Approved: October 28, 2019
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $18,682,000
Job Numbers: 1 Job Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Hendrick Hudson Building, LLC

Redevelopment of a 7-story, approximately 80,000 square foot mixed use building located at 200 Broadway to include the conversion of the third and fourth floors into 17 residential units, update the HVAC, upgrade commercial units and undertake other building improvements. 

Project Approved: January 13, 2017
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $5,508,251
Job Numbers: 80 Jobs Retained
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Hoosick Hospitality, LLC

Redevelopment of vacant land and demolition of five vacant residential structures to construct a 7-story, approximately 106,000 square foot hotel building containing 125 rooms, restaurant and conference space.  

Project Approved: February 1, 2009
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $23,000,000
Job Numbers: 65 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Hudson Art Haus

Redevelopment of a multi story building commercial building into 80 residential apartment units and to contain an art studio and gallery space.

Project Approved: 10/16/2014
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $19,245,923
Job Numbers: 4 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. HV Housing, LLC

Demolition of a portion of a five building property at 45 Vandenburgh Avenue in order to redevelopment of a 4-story a four residential facility including seventy-two (72) units of rental residential housing containing 268 beds. 

Project Approved: September 29, 2016
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $21,400,000
Job Numbers: 5 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Industrial Park Cold Storage

Development and expansion of 10-12 Industrial Park Road to include a 10,000 square foot refrigerated warehouse addition to the 2009 Improvements.   

Project Approved: October 3, 2019
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $4,700,000
Job Numbers: 52 Jobs Retained and 22 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Irving Ave 158, LLC

Irving Ave 158, LLC assumed the PILOT previously held by Troy Living, LLC from 2017. The original project consisted of the redevelopment of approximately 44,000 square feet building located at 63-65 Third Street which included residential units, underground parking and a commercial space. 

Project Approved: June 1, 2007
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $4,490,000
Job Numbers: 2 Jobs Created and 2 Jobs Retained
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Kings Commons, LLC

Redevelopment of a vacant parcel located at 12-14 King Street into a 5-story residential facility containing  52 market rental apartment units and common areas. 

Project Approved: December 21, 2018
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $12,862,462
Job Numbers: 3 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Kings Commons II, LLC

Redevelopment of a vacant parcels and residential units located at Fifth Ave and Federal Street into a multi-story mixed use building containing  52 market rental apartment units, 600 sq ft of commercial space, common areas and covered parking spaces. 

Project Approved: February 28, 2024
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $18,037,500
Job Numbers: 8 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. LLH Ferry, LLC

Redevelopment of a vacant multi story building located at 99 Ferry Street into 2,336 sf of commercial space and 8 market rate apartments. 

Project Approved: July 14, 2023
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $1,283,790
Job Numbers: 1 Job Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Lion Factory Building, LLC

Redevelopment of a vacant 6- story warehouse containing approximately 246,000 square feet of building space into 151 units of affordable residential units and approximately 8,800 square feet of commercial space located at 750 Second Avenue. 

Project Approved: June 16, 2022
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $54,569,101
Job Numbers: 3 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. MLK Housing Development Fund Company, Inc

Redevelopment and demolition of 6 existing buildings containing 54 rental apartment units into 8 structures containing 46 rental apartment units.  

Project Approved: February 28, 2017
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $13,486,000
Job Numbers: 16 Jobs Retained
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Montroy Management L.P.

Redevelopment of a former school and rectory located at 523-525 Fourth Ave into approximately 50,000 square foot of building space containing 31 market rate apartments.  

Project Approved: August 21, 2020
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $4,061,000
Job Numbers: 3 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Monument Sq Limited Partnership

Redevelopment of 2 First Street into 89 units of affordable housing for elderly and physically disabled.   

Project Approved: September  26, 2012
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $16,930,328
Job Numbers: 3 Jobs Retained
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. O'Neil Owners, LLC

Redevelopment of a multi-story apartment building located at 2121 Sixth Ave into 115 apartment units and 4 units of commercial space.  

Project Approved: June 27, 2013
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $10,595,444
Job Numbers: 3 Jobs Retained and 3 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Park Place at Brooks Edge, LLC

Redevelopment of 2,460 residential structure and construction of 33 new residential housing units located at 548 Campbell Avenue. 

Project Approved: June 16, 2016
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $7,495,000
Job Numbers: 3 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. RDC Troy Holdings, LLC

Redevelopment of a 60,000 sq ft, 4-story residence hall facility formerly operated by Russell Sage College into 71 units of rental apartments. 

Project Approved: April 29, 2025
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $8,295,249
Job Numbers: 1 Job Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. R&M Holdings

Redevelopment of approximately 13,648 square feet of building space located at 214-216 Fourth Street to accommodate the expansion and relocation of DeFazio & Sons Inc.

Project Approved: August 31, 2021
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $1,996,000
Job Numbers: 4 Jobs Retained and 33 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Tapestry on the Hudson

Redevelopment of a 7-story commercial building located at 599 River Street into  67 residential units. 

Project Approved: February 25, 2016
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $22,278,400
Job Numbers:  3 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Troy 1818, LLC

Demolition of a former bank and new construction of a 4-story, approximately 55,000 sq ft commercial building located at 1818 Fifth Avenue into 71 micro, studio and one bedroom residential rental apartments with amenities. 

Project Approved: May 21, 2025
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $22,702,177
Job Numbers:  1.5 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement

  1. Troy LDC - Water Street

Acquisition of 77 Water Street and lease back to the tenant as a waste transfer facility. 

Project Approved: August 11, 2011
Type of Assistance: Payment in Lieu of Taxes (PILOT)
Job Numbers:  Retain Jobs 
Additional Documents: Application, Authorizing Resolution, PILOT Agreement

  1. Troy Red Tail, LLC

Redevelopment of  a multi-story building located at 171 River Street into 18 market rate apartments and 6,000 square feet of commercial space. 

Project Approved: December 14, 2022
Type of Assistance: Mortgage Recording Tax Exemption, Sales and Use Tax Exemption and Payment in Lieu of Taxes (PILOT)
Total Project Amount: $5,506,960
Job Numbers:  3 Jobs Created
Additional Documents: Application, Authorizing Resolution, Project Agreement, PILOT Agreement