Featured Topics

Contracts Signed Following Opening Date Announcement

April 25, 2016 – 8:40 pm

Albany Capital Center officials announced early this month that March 22 will be the opening date of the 82,000 square foot downtown convention center. Five formal commitments have been made, most of which contain multi-year contracts. More than 90 other events are currently in the pipeline at various stages of contract negotiations. Altogether, the five committed events […]

101 New Student Housing Units Set to Support Growth at Albany World-Class Institutions

April 21, 2016 – 6:54 pm

City of Albany Industrial Development Agency Approves Application To Assist New Private Student Dorm Facility at 1385 Washington Avenue Announcement Press Release Can Be Viewed Here   The City of Albany Industrial Development Agency board approved an application to provide financial assistance in the form of New York State sales and mortgage recording tax exemptions and […]

City of Albany Mayor Kathy Sheehan Appoints Capitalize Albany President to New Task Force Studying Housing Affordability

April 21, 2016 – 3:24 pm

Her expertise will help the group navigate development economics, find implementable solutions that work for both the neighborhoods and the development community. Albany Mayor Kathy M. Sheehan announced yesterday that she has appointed a new task force on housing affordability that will consist of Albany housing experts as well as community stakeholders, including landlord and […]

Downtown Albany Under Development

April 11, 2016 – 3:54 pm

Supported and guided by the Impact Downtown Albany strategic plan, everywhere you look something new is taking shape in downtown Albany. Renovations continue at several locations converting old office space into new apartments, Albany Capital Center construction now towers above street level, Wellington Row’s Renaissance Albany is thriving with events and new opportunities have come on the scene for […]

Capitalize Albany Announces Grant Programs to Support Retail Business Growth in Albany

March 23, 2016 – 8:50 pm

Two Programs Aimed at Attracting Retail Tenants and Driving Foot Traffic to Commercial Districts Backed By City of Albany Capital Resource Corporation Capitalize Albany Corporation announced today the launch of two groundbreaking grant programs to benefit the City of Albany’s various commercial districts and its downtown’s retail market. At an informational programs launch event held […]

Announcing Two New Capitalize Albany Grant Programs Backed By City Capital Resource Corporation Designed to Support Albany Business Growth

March 21, 2016 – 8:09 pm

Capitalize Albany Corporation will be hosting an informational event, 11 a.m. on Wednesday at 59 North Pearl Street about the launch of two groundbreaking grant programs. Citywide business owners, other City stakeholders and those interested in doing business in downtown Albany are encouraged to attend. The programs will benefit the City’s various commercial districts and […]

Family Dollar Opens In South End Albany

March 17, 2016 – 3:11 pm

Capitalize Albany Corporation joined City of Albany Mayor Kathy Sheehan, Assemblymember John McDonald, Council Member Vivian Kornegay, other officials and Vanguard-Fine to celebrate the grand opening of the Albany‬ South End Neighborhood’s Family Dollar. The neighborhood’s newest asset is located at 418 South Pearl Street, shelves are stocked with everyday items including food and grocery […]

Warehouse District Cidery To Expand Operations

March 15, 2016 – 5:23 pm

Following up on Round 5 of Governor Cuomo’s Regional Economic Development Council (REDC) initiative, more than $11 million worth of investments are currently under way in downtown Albany. The funding directly supports the Impact Downtown Albany initiative through several projects, which are having an incredible impact on our central business and warehouse district’s building momentum. The Nine Pin Ciderworks Expansion project was awarded […]

Two Warehouse District Projects Move Forward

February 29, 2016 – 4:22 pm

Impact Downtown Albany implementation is catalyzing change in Albany’s warehouse district. Undergoing a new transformation, it’s an exciting time as the district continues creating new opportunities for a new economy. New restaurants, retail and residential development projects are steadily taking shape as an ever-expanding vision for the district fuels even more growth. The Albany Planning Board recently approved the site […]

Steel Is Rising At The Site Of The Albany Capital Center

February 16, 2016 – 3:24 pm

The building is finally taking shape and steel is quickly rising above street level at the site of the new $66.5 million Albany Capital Center, set to open in early 2017. Leisure & Hospitality International Magazine has details about the Albany Capital Center in this feature article. You can also see construction updates weekly on the Albany Capital Center’s […]