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Coming Soon: Completed $10 Million Mixed-Use Residential Conversion of Downtown Albany’s Broadway Arcade

September 29, 2015 – 1:51 pm

Construction is wrapping up and renovations are expected to be completed within the coming months at 488 Broadway. When completed, it will be the largest project of its kind in downtown Albany to date with 60 market-rate residential units on its upper floors and street level retail space. The $10 million renovation of the 75,000 square foot, five-story […]

Revitalization of Former Philip Livingston School Celebrated

September 24, 2015 – 9:06 pm

With the transformation of the former Philip Livingston Magnet Academy complete, Capitalize Albany Corporation joined WinnCompanies, Albany Mayor Kathy Sheehan, New York State and the Albany Housing Authority in celebrating the formal opening of the Livingston School Apartments. The now completed nearly $30 million project transformed this property, which was vacant for more than three […]

Parking Space at 522-524 Broadway Transformed on PARK(ing) Day 2015

September 18, 2015 – 7:45 pm

As part of the nationally recognized PARK(ing) Day, the team at Capitalize Albany set up a PARK N Play space in support of downtown Albany pop up programming. This space was set up to educate the public about the projects and investments behind the building momentum seen in ‪Albany through fun and play. It was a […]

Building Momentum On State Street To Drive Opportunities For Local Hospitality and Tourism Market

September 14, 2015 – 4:59 pm

Downtown Albany’s boutique 74 State Hotel is currently undergoing a transformation at a very exciting time for downtown. With the coming new addition of the Fairfield Inn & Suites by Marriott, State Street will feature two internationally recognized Marriott hotel brands beginning this fall. This occurs ahead of the Albany Capital Center’s 2017 opening, which is projected to draw more than 85,000 visitors […]

Coming Soon: Downtown Albany Community Market & Grocery

September 1, 2015 – 8:46 pm

Meeting demand of the growing downtown resident population, Steuben Street Market is expecting to open this fall on the first floor of Steuben Place Apartments at 58 North Pearl Street. Customers will see items such as bread, fresh and frozen meats, dairy products, prepared food and more. A survey is currently open online at www.steubenstmarket.com, asking […]

Groundbreaking Celebrates Beginning Construction of New 277 Room Student Apartment Complex In Albany

August 13, 2015 – 5:36 pm

Aspen at Albany is the new $27.5 million, four-story student apartment complex being built at 1475 Washington Avenue. The 277-room complex is expected to be ready for occupancy by the start of the fall 2016 semester. The development team gathered at the site along with Capitalize Albany Corporation, Albany Mayor Kathy Sheehan and other City officials for […]

New Residential Draws 250 People to Downtown Albany Event

August 10, 2015 – 4:34 pm

With progress driven by the Impact Downtown Albany initiative, downtown Albany is one of the fastest growing neighborhoods in the Capital Region. Combined with Fork in the Road on August 7, the Downtown Albany Business Improvement District hosted a residential open house event featuring eight multi-family properties currently on the market developed through the downtown residential strategy. Each property opened its doors […]

SOLD: Last Of Downtown Albany Luxury Condominiums

August 6, 2015 – 1:57 pm

On Wednesday, August 5, Capitalize Albany Corporation, Albany Mayor Kathy Sheehan, The Rosenblum Companies, and the Downtown Albany Business Improvement District (BID) celebrated the sale of the last new condominium available at 17 Chapel Boutique Condominiums. This event marked the end of a $9 million, 24-unit project that opened the door for other large-scale residential conversions […]

Capitalize Albany Corporation Backs URI Regional Growth Strategy Releasing Completed Impact Downtown Albany Strategic Plan Documents

July 30, 2015 – 12:59 am

The Capitalize Albany Corporation Board of Directors authorized release of the market-driven, action-oriented strategic plan, Impact Downtown Albany, completed last fall to serve as a business plan and Playbook for downtown Albany development. In consideration of the opportunities that the State’s Upstate Revitalization Initiative competition offers Albany and the entire Capital Region, the Capitalize Albany […]

Huck Finn’s Playland Celebrates Opening and Reveals Planned Initiatives to Give Back to The Community This Inaugural Summer

July 2, 2015 – 1:40 pm

Congrats @HucksPlayland best way to open an amusement park? Commemorative train ride @AlbanyCityHall @MCCoyCountyExec pic.twitter.com/Rs6te01N2D — Capitalize Albany (@CapAlbanyCorp) July 1, 2015 On Wed. members of the community, Albany Mayor Kathy Sheehan, State and community leaders joined President and CEO Jeff Sperber and Executive Vice President and CFO Reid Sperber to celebrate the formal grand […]