What is the latest status of the project “Air Albany Apartment Complex”?

The status recorded for “Air Albany Apartment Complex” is planned.

Who are the main government, EPC, and private stakeholders for “Air Albany Apartment Complex”?

Taiyo maps the stakeholders of “Air Albany Apartment Complex”: government bodies (City of Albany Industrial Development Agency).

What is the budget and commercial profile for the project “Air Albany Apartment Complex”?

Taiyo normalizes the budget of “Air Albany Apartment Complex” to USD 14000000.

Where can I verify the source and access all details for “Air Albany Apartment Complex”?

This Taiyo project page references WRGB along with the original URL (https://cbs6albany.com/news/local/vacant-for-nearly-3-years-new-agreement-seeks-to-restart-air-albany-construction). Taiyo standardizes official data into a consistent, searchable project profile.

Air Albany Apartment Complex

Sector: Manufacturing (Industrial) • Location: Albany, New York, United States

Source: WRGB

Project

Planned

The Air Albany apartment complex project at 1211 Western Avenue in Albany, NY, was stalled and vacant for nearly three years. The project, first approved in 2017, faced opposition from neighbors due to safety concerns and expired work permits. The City of Albany Industrial Development Agency (IDA) reached a memorandum of understanding (MOU) with the developer, DMG Investments, to address code viol

Status: Prospective
Sector: Manufacturing (Industrial), Residential, Commercial, Government
Location: Albany, New York, United States of America
Updated: 22 Jul 2026
Source: WRGB

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Project Information

5 Q

The project “Air Albany Apartment Complex” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Albany, New York, United States. Taiyo aggregates data on it from WRGB.

Participants

Sponsoring Agency

Status

Original status	planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The Air Albany apartment complex project at 1211 Western Avenue in Albany, NY, was stalled and vacant for nearly three years. The project, first approved in 2017, faced opposition from neighbors due to safety concerns and expired work permits. The City of Albany Industrial Development Agency (IDA) reached a memorandum of understanding (MOU) with the developer, DMG Investments, to address code violations and restart construction. The MOU includes obligations such as monthly updates, hiring a construction monitor, submitting a building permit application by October 20, 2025, and initiating construction within 30 days of permit issuance. The developer's deadline to submit another construction permit was extended to November 21, 2025, with construction required to start within 60 days thereafter. The project is at risk of losing $14 million in tax breaks and is involved in a lawsuit between the developer and architect. The IDA approved tax exemptions totaling over $14 million in 2020, with the project expected to generate over $8 million in local tax revenue by 2039 and create 90 construction jobs.
Original sector	Built Sector
Budget

Location

Country	United States of America (USA)
State	New York
City	Albany

Source

Source	WRGB
URL

More Details

Record type	Project
Sector	Manufacturing (Industrial), Residential, Commercial, Government
Article published date	2025-09-16

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Air Albany Apartment Complex

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