Rosenblum receives tax breaks for $18.6 million apartment building in downtown Troy


The Troy Industrial Development Agency approved $5.3 million in tax breaks for a Rosenblum Cos. project in downtown Troy, New York, Friday.

Rosenblum plans to construct a five-story, mixed-use building on the corner of Fourth and Congress streets, where a former KeyBank branch currently stands.

The building will include 80 market rate apartments and 2,000 to 3,000 square feet of commercial space, according to the application filed with the IDA.

Citing a total project cost of $18.6 million, Rosenblum…

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