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IDA approves inducement for REB/RED Adirondacks redevelopment; applicant outlines condo, hotel and parking plan
Summary
The agency approved an inducement resolution for REB/RED Adirondacks LLC — a multi‑parcel redevelopment that includes loft apartments, potential hotel space, interior parking and street‑level retail — after the applicant outlined remediation and conversion work.
The Industrial Development Agency approved an inducement resolution granting preliminary financial assistance to RED (REB) Adirondacks LLC for a multi‑parcel redevelopment that the applicant described as loft apartments, a potential future hotel parcel and mixed‑use ground‑floor retail and food‑court space.
Anthony Murali, the project's architect and developer partner, described a plan to create 35 live‑work loft apartments with indoor heated parking (70–80 spaces) and a courtyard with food‑court amenities. Murali said the building required extensive environmental remediation—largely…
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