Real Estate Development

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 […]

New Student Housing Facility Opens At 1385 Washington Avenue Supporting Growth at Albany World-Class Institutions

August 23, 2018 – 4:33 pm

Auden Albany, now open. Supporting local taxing jurisdictions & attracting top talent to Albany’s institutions. In the next 7 years alone, it’s estimated to generate an increase of +5x the revenue anticipated to have been collected without this investment: https://t.co/2qFjTGntvV pic.twitter.com/dZzB2PUvwU — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) August 23, 2018 A ribbon cutting ceremony on Thursday marked […]

City Of Albany Small Business Facade Improvement Program Round III Opening In September

August 6, 2018 – 2:22 pm

Following the success of the Small Business Façade Improvement Program’s Round 2, up to $100,000 in matching grants will be available as part of the program’s third round — applications will be made available September 4th. Previous rounds of this small business program have been tremendously successful. To date the program has leveraged more than […]

Rehabilitation Project Restores Broadway Buildings and Brings 15 New Apartments to The Warehouse District

July 13, 2018 – 10:05 pm

  Rehabilitation project restores Albany buildings and brings 15 new apartments to #Albany‘s warehouse district, marking a significant milestone of 500+ units completed as part of the downtown Albany residential initiative. https://t.co/h2ujaNM1bV pic.twitter.com/KMrqJ9h8Zh — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) July 13, 2018 With the redevelopment of 800-806 Broadway completed, property connecting Albany’s warehouse district and the Arbor […]

Bull Moose Club Coworking Space Opening In September

July 1, 2018 – 2:48 pm

Troy Innovation Garage owner Tom Nardacci is planning a September opening for his new coworking space located at 150 State Street. The 10,000 sq. ft. ‘Bull Moose Club’ will be home to a mix of small enterprises, startups, remote workers, soloprenuers and freelancers — catering to 125-150 members. It will offer a range of services, […]

S.T.E.A.M Garden Business Incubator Breaks Ground to Establish New Center for Innovation and Technology

June 27, 2018 – 8:23 pm

New York State Homes and Community Renewal, Empire State Development, and the Central Avenue Business Improvement District broke ground on the S.T.E.A.M. Garden Business Incubator at 279 Central Avenue in Albany, the former St. Patrick’s Catholic School. The S.T.E.A.M Garden is a collaborative effort to turn the vacant school into an innovative living lab focusing […]