Real Estate Development

Capitalize Albany and Convention Center Authority Collaboration Moves Forward Toward Redevelopment Success at Liberty Park

December 13, 2017 – 7:58 pm

A Purchase and Sale Agreement was approved this week by both the Capitalize Albany Corporation and Albany Convention Center Authority (ACCA) Boards for transfer of property interests in the roughly five acre ACCA surplus property surrounding Liberty Park in downtown Albany. This decision follows a collaborative and intensive due diligence period during which Capitalize Albany […]

Building For Tomorrow 2017

November 16, 2017 – 3:51 pm

Joined by its investors, hundreds of community leaders and stakeholders, Capitalize Albany Corporation hosted its annual event, Building For Tomorrow 2017 on Nov. 14 at Berkshire Bank’s 30 South Pearl Street office penthouse, celebrating an extraordinary year of building momentum in the Capital City. In review of 2017, Capitalize Albany presented on an unprecedented year of […]

Introducing Amazon To The Heart Of Tech Valley

October 20, 2017 – 1:46 pm

With support from Capitalize Albany Corporation, the Center For Economic Growth hand-delivered Tech Valley’s pitch for Amazon’s $5 billion second corporate headquarters on Thursday.  Amazon’s proposed HQ2 location would include unprecedented linkages to the Hudson River—the Amazon Promenade—millions of square feet of office space in downtown Albany and Rensselaer connected by multiple transportation options which include an aerial […]

$150,000 in Matching Grants Available To Help City of Albany Small Businesses Reinvest

October 19, 2017 – 3:50 pm

Program Application & Guidelines Available Here Read The Announcement Press Release Here   Applications now available, learn more about the City’s Small Business Facade Improvement Program. Announced today at Downtube Bicycle Works & 3Fish Coffee in #Albany | $150,000 in Matching Grants Available To Help City of Albany Small Businesses Reinvest https://t.co/dQqXU6DGna pic.twitter.com/eagNfARBs2 — Capitalize […]

International Economic Development Council Recognizes Wellington Row Revitalization For Excellence In Economic Development

September 29, 2017 – 5:01 pm

CLICK HERE TO READ THE ANNOUNCEMENT PRESS RELEASE  During its September, 2017 annual conference in Toronto, Ontario, Canada, the International Economic Development Council (IEDC) recognized Albany’s revitalization of Wellington Row, presenting its Gold Excellence in Economic Development award.   For more than 30 years, prime property in the state’s capital city sat abandoned. The $68 million […]

Quality New Storage Unit Facility Will Serve as Critical Amenity amid Residential Growth in Albany Neighborhoods

September 27, 2017 – 3:03 pm

Quality New Storage Unit Facility Will Serve As Critical Amenity Amid Residential Growth In #Albany Neighborhoods https://t.co/KI74dMWTe8 #ImpactDowntown #ValuSpace pic.twitter.com/XNfv2b2TeU — Capitalize Albany (@CapAlbanyCorp) September 27, 2017 In the past five years more than 380 new apartment units have come online in Albany’s downtown and warehouse district alone as implementation of the Impact Downtown Albany […]

Renewal of Condemned Dana Ave Properties to Buoy Further Park South Revitalization Confirming Promise of Neighborhood Plan

September 21, 2017 – 10:26 pm

Click Here To View The Announcement Press Release A 30-unit, 40,000 sq. ft. apartment building will rise between New Scotland Avenue and Knox Street. This new construction project marks a significant Park South Urban Renewal Plan implementation milestone as redevelopment will spread beyond blocks east of where Albany Medical Center and Tri-City Rentals collaborated on […]

Small Cafe Signals Major Growth in Sheridan Hollow | The Hungry Hollow

April 28, 2017 – 4:45 pm

  .@TheHungryHollow‘s grand opening marks a significant milestone in the revitalization of #Albany‘s Sheridan Hollow: https://t.co/GvpJjBDPst pic.twitter.com/ejZPujqhrc — Capitalize Albany (@CapAlbanyCorp) April 28, 2017 Marking a major milestone in the emerging neighborhood—The Hungry Hollow—a new restaurant that has been under development for four years celebrated its grand opening today. Located on Sheridan Avenue and Dove […]

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 […]

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 […]