Business Development

Albany Distilling Announces Expansion | A Key $1 Million+ Investment Strengthening The Connection Of Downtown Albany & The Warehouse District

March 17, 2017 – 7:11 pm

A $1M+ @AlbDistCo investment. Expanding w/new bar/tasting room @ 75 Livingston Avenue. An #ImpactDowntown milestone project. #CapAlbGrants pic.twitter.com/N7hcFjBorN — Capitalize Albany (@CapAlbanyCorp) March 17, 2017 The Albany Distilling Company, Inc., Albany’s first licensed distillery since the beginning of prohibition, announced they will expand into a new facility at 75 Livingston Avenue as part of a […]

Crafting Revitalization In The Albany Warehouse District

March 10, 2017 – 4:36 pm

.@NEDADevelopment #CraftingRevitalization Exciting evening, panel w/@DruthersBrewing @AlbDistCo @CapAlbanyCorp @AlbanyCentral @EcoDevTroyNY pic.twitter.com/D4AeAJJkj1 — Capitalize Albany (@CapAlbanyCorp) March 9, 2017 Since the 2012 passage of New York Farm Brewery legislation and continued support from Governor Cuomo, the number of craft breweries in New York more than tripled between 2012 and 2017. Today, craft beverage producers across the state […]

Albany Capital Center Opens With More Than 60 Events On 2017 Calendar

March 1, 2017 – 9:35 pm

With its official ribbon cutting and opening on March 1, the Albany Capital Center has already booked 62 events in its first year that will occupy 101 days on the calendar and 3,750 hotel room nights. Of the events, 77 percent will be new bookings for Albany. Marking the completion of the downtown Albany convention […]

Fifth Tier Baking Studio Joins Downtown Retailers

February 15, 2017 – 5:42 pm

Fifth Tier Baking Studio welcomed to #downtownAlbany joining Columbia St. retailers @EnchntdFlrst… https://t.co/RVQG2iw46N #Impactdowntown pic.twitter.com/n6KwRG7O8E — Capitalize Albany (@CapAlbanyCorp) February 14, 2017  Business owner Lyle Houston was officially welcomed to downtown on February 14 with a ribbon cutting ceremony held celebrating the opening of The Fifth Tier Baking Studio at 54 Columbia Street. Houston is […]

Wellington Row Full-Service Salon and Spa Opens Enhancing Downtown Experience

February 7, 2017 – 9:02 pm

  Enhancing the downtown Albany experience, Spa Wellington celebrated its grand opening—now less than a month out from the opening of the adjacent Albany Capital Center. Located at 140 State Street and supported by Impact Downtown Albany implementation, Spa Wellington complements historic Wellington Row’s hospitality, retail, and dining options which have developed in recent years. The spa and its […]

Amplify Albany Supported Dance Music Concert Series’ 2nd Installment: eba Theater Presents Sun Natives & Kimono Dragons

February 6, 2017 – 5:16 pm

During Albany’s “1st Friday” evening on February 3, the eba Theater held its Sock Hop series’ second installment. The Amplify Albany grant program supported event brings an all ages dance music concert series in an effort to attract new crowds and interest to the Lark Street business district.  Kicking off in November last year, the […]

Community Loan Fund Secures $3.5 million in New Funds for Economic Development in the Capital Region

February 3, 2017 – 8:02 pm

Community Loan Fund Secures $3.5 million in New Funds for Economic Development in the Capital Region. https://t.co/MiFSlDYOWI pic.twitter.com/VQ2VlYBXqk — Community Loan Fund (@CommunityLoans) February 3, 2017 COMMUNITY LOAN FUND’S ANNOUNCEMENT PRESS RELEASE               In October of 2016, the Community Loan Fund of the Capital Region (CLFCR) was notified that […]

Next Window Lights Up in Albany Arcade Building

January 30, 2017 – 2:57 pm

Opening its second Albany location in the fall of 2016, Stacks Espresso Bar was the first retailer to take space at the downtown Arcade Building (488 Broadway). A few weeks into 2017, a ribbon cutting ceremony took place on Jan. 18 for Albany Center Gallery’s new location, neighboring Stacks and occupying approximately 2,050 sq. ft. of space.  Implementation of the […]

Fashion Designer Newest Retailer In Downtown

January 6, 2017 – 9:39 pm

Daniel Mozzes Design, located at 61 N Pearl Street – Steuben Walk #1, was welcomed to downtown Albany on January 6. One of downtown’s newest retailers, the business is the first to open in one of the Pearl Street Pub building’s (formerly the Jillian’s building) newly renovated spaces. Implementation of the Impact Downtown Albany strategic plan is continuing […]

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 […]