The Albany IDA advanced a measure Thursday to end tax breaks for a $35 million apartment and retail space project planned near University at Albany.
The completed complex at the .92-acre plot on Western Avenue is meant to support the city’s need for housing, but the structure remains vacant and unfinished. The owners of 1211 Western Ave Property Associates LLC allegedly failed to comply with terms of its lease agreement with the IDA.
The IDA says it will now reconvey documents such as the termination of the lease, payment in lieu of taxes agreement, license agreement, and bill of sale…