Real Estate Development

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 […]

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 […]

$51.6 Million Investment in Albany To Boost Revenue Generated More Than Four Times For Local Taxing Jurisdictions

November 15, 2018 – 9:47 pm

Click here to view the announcement’s press release An assemblage of property at the intersection of Sandidge Way (formerly Loughlin Street) and Fuller Road totaling 6.49 acres will be the site for construction of seven residential apartment buildings including a total of 252 apartment units. With this investment — the property will produce 4.47 times […]

Reinvestment In Strategic Programming Is Strengthening Neighborhoods Throughout The City of Albany

October 18, 2018 – 7:53 pm

Read more in the announcement’s press release here At its Thursday board meeting, the City of Albany Capital Resource Corporation (CRC) approved $25,000 more to support the Amplify Albany Grant Program. Administered by Capitalize Albany Corporation, the program is designed to create and expand programming that is driving foot-traffic throughout City neighborhoods and commercial districts. […]

Morris Street Apartment Building Poised to Further Park South Revitalization

October 18, 2018 – 7:45 pm

Read more in the announcement’s press release here  An important element in Park South Urban Renewal Plan implementation, this $5.3 million investment will remove neighborhood blight through construction of a new five story building with 28 market-rate apartment units. Creating two permanent and 40 construction jobs — during construction the project is estimated to generate […]

Mixed-Use Development to Bring Affordable Housing and New Amenities to Central Avenue Business District

October 18, 2018 – 7:36 pm

Click here to read the announcement’s press release A new $25.1 million investment will bring 74 affordable housing units, a primary care center and accessible services to 526 Central Avenue through partnership with Whitney Young Health and Equinox. The newly constructed 108,400 sq. ft. five story mixed-use development will strengthen the Central Avenue business district […]

Reminder: Oct. 19 Deadline for City Of Albany Small Business Facade Improvement Program

October 3, 2018 – 5:42 pm

Announced in September, up to $100,000 in matching grants will be made available this fall as part of the City of Albany Small Business Facade Improvement Program’s third round — applications are available online, the fall 2018 funding window opened September 4 and will close on October 19. If you have questions regarding the program, please […]

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 […]

Renewal of Dana Ave Properties Furthers Park South Revitalization Confirming Promise of Neighborhood Plan

September 20, 2018 – 6:38 pm

Click Here To View The Announcement’s Press Release The Reserve at Park South has risen at 85 Dana Ave in #Albany. The completion of this independent new construction project marks a significant Park South Urban Renewal Plan implementation milestone https://t.co/qP2mbtvpO9 pic.twitter.com/9KjHrgQMie — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) September 20, 2018 The Reserve at Park South, a 30-unit, […]

City of Albany Small Business Facade Improvement Program Third Round Launched

September 4, 2018 – 3:22 pm

Click Here For Program Applications & Guidelines Click Here To View The Announcement’s Press Release City of Albany Mayor Kathy Sheehan, joined by Capitalize Albany Corporation, the Albany Community Development Agency and the City of Albany Capital Resource Corporation, announced the Round III launch of the City’s Small Business Facade Improvement Program. Applications are available […]