Impact Downtown Albany

First Phase Of Transformative $78 Million Downtown Albany Project Under Way

February 22, 2019 – 9:08 pm

The first $21.5 million phase of a transformative $78 million investment in downtown Albany is under way beginning with the renovation of a vacant 112,000 sq. ft. office building, 16 Sheridan Avenue. Announced by Governor Cuomo in December — Redburn Development Partners will invest $78 million to renovate and rehabilitate seven prominent buildings in downtown […]

New Winter Art Festival In Albany On March 2

February 22, 2019 – 8:08 pm

Supported in part by the Amplify Albany grant program, a program made possible by the City of Albany Capital Resource Corporation — Albany Distilling Company and Albany Center Gallery will host their inaugural Winter Art Fest at 75 Livingston Ave, Albany Distilling’s Bar & Bottle Shop on March 2 from 2 p.m. – 7 p.m. With the goal of […]

Seven New Apartments To Soon Come Online Above Long Standing Coulson’s

January 29, 2019 – 8:03 pm

With Coulson’s News and Deli on its first floor, the renovation of 420 Broadway is transforming the building’s underutilized upper floors into seven one-bedroom market-rate apartments planned to come online this spring.  The project is made possible in part by a grant from New York State Homes and Community Renewal’s (HCR) New York Main Street […]

Extensive $48 Million Rehabilitation Project Under Way In Arbor Hill Neighborhood

January 14, 2019 – 5:17 pm

Construction is under way, more than 200 affordable housing and mixed-income residential units are taking shape within 70 row houses as part of Home Leasing’s $47.8 million project in the Arbor Hill neighborhood and along Clinton Avenue and Ten Broeck Triangle. Each building is undergoing a gut rehab, Home Leasing is completing approximately three buildings […]

TRANSFORMATIVE $78 MILLION INVESTMENT ANNOUNCED BY GOVERNOR CUOMO TO TRANSFORM SEVEN PROPERTIES IN THE HEART OF DOWNTOWN ALBANY

December 14, 2018 – 7:51 pm

Located in the City of Albany’s DRI zone, further maximizing the New York State initiative’s impact — with support from Governor Cuomo and Empire State Development, Redburn Development Partners is making a substantial $78 million investment to renovate and rehabilitate seven downtown buildings, a key investment as part of the Impact Downtown Albany strategic plan’s implementation. Poised for […]

Expanded Fort Orange Holiday Market Returns for 2018 Season

November 30, 2018 – 5:46 pm

The Fort Orange General Store’s Holiday Market is returning for the 2018 season. Supported by the Amplify Albany Grant Program and with momentum gained after the Store’s inaugural Holiday Market in 2017, the scope of this year’s Holiday Market has expanded. The Market will feature a significant number of new vendors totaling more than 30 […]

Building For Tomorrow 2018

November 28, 2018 – 10:19 pm

Joined by its investors, hundreds of community leaders and stakeholders, Capitalize Albany Corporation hosted its annual event, Building For Tomorrow 2018 on Nov. 27 at Fort Orange Brewing (450 N. Pearl), celebrating an extraordinary year of building momentum in the Capital City. In review of 2018, Capitalize Albany presented on an unprecedented year of investment and […]

International Downtown Association Awards Downtown Albany Residential Development Strategy

November 7, 2018 – 9:34 pm

Click here to view the announcement’s press release During its 64th Annual Conference and Tradeshow in San Antonio, the International Downtown Association recognized Capitalize Albany Corporation and the Downtown Albany Residential Development Infinitive, awarding the strategic plan a certificate of merit. The City began the Downtown Residential Development Initiative in 2002 with the purpose of […]

International Economic Development Council Recognizes Downtown Albany Residential Initiative For Excellence In Economic Development

October 10, 2018 – 1:12 pm

Read More In The Announcement’s Press Release During its 2018 annual conference in Atlanta, GA in October, the International Economic Development Council (IEDC) recognized the success of Albany’s downtown residential development strategy, presenting the Silver Excellence in Economic Development award. The City began the Downtown Residential Development Initiative in 2002 with the purpose of increasing […]

Governor Cuomo Announces Clinton Square As $10 Million Capital Region Winner Of The Third-Round Downtown Revitalization Initiative

September 27, 2018 – 8:22 pm

Today, Governor Cuomo announced Albany’s Clinton Square as a third round recipient of a $10 million Downtown Revitalization Initiative award. As part of the City of Albany’s successful application for Clinton Square, more than $280 million of investment is proposed and more than $80 million is underway in downtown Albany — with the support of […]