Monthly Archives: December 2016

New Neighborhood Amenity | Save-A-Lot Grocery Opens at 612 Central Avenue

December 16, 2016 – 10:24 pm

The new Save-A-Lot grocery store at 612 Central Avenue will support approximately 30 new positions, a previously tax exempt property is again generating tax revenue—and residents of surrounding Albany neighborhoods such as the West Hill neighborhood now have walkable access to fresh produce. Capitalize Albany Corporation joined public, community and business leaders including Albany Mayor […]

Capital Resource Corporation Partners with Community Loan Fund on Small Business Assistance | Corporation Grant to Leverage $750,000 for City of Albany Ventures

December 15, 2016 – 9:59 pm

The City of Albany Capital Resource Corporation (CRC) approved new small business programming in partnership with the Community Loan Fund of the Capital Region at its Thursday board meeting. The City of Albany CRC granted the Community Loan Fund $250,000 for its revolving loan fund under an agreement that dedicates leveraged funds 2 to 1 […]

Nipper to Soon Have Neighbors as Redevelopment of 991 Broadway Converts Space to 75 Residential Units

December 15, 2016 – 7:41 pm

Click Here to Read More In The Announcement Press Release The mixed-use conversion of the Nipper building (991 Broadway) in Albany’s warehouse district to 75 apartments and 7,750 sq. ft. of ground-floor commercial space is phase one of a planned four-phase, $70 million development project. On Thursday, the City of Albany Industrial Development Agency Board approved an application to […]

City of Albany Projects Receive $5.58 Million from Regional Economic Development Council (REDC) Initiative Round VI

December 8, 2016 – 10:40 pm

Click Here To View The Announcement Press Release  The New York State Regional Economic Development Council (REDC) initiative awarded City of Albany projects with approximately $5.58 million ($5,587,650) in funding Thursday. Overall, the Capital Region—a top performer—was awarded a total of $83.1 million in funding for 116 projects. Of these 116 projects, 17 directly benefit […]

Albany Capital Center to Open Ahead of Schedule for MAAC Tournament

December 5, 2016 – 3:41 pm

The Albany Capital Center announced it will have a soft opening March 2 to coincide with the MAAC basketball tournament at the Times Union Center, ahead of its March 22 opening when the Capital Center hosts its first trade group. An event that attracts thousands of fans, NCAA and Division 1 college basketball officials will also get […]