Real Estate Development

City of Albany IDA Assistance Supports Thurlow Terrace Apartments Renovation and Affordable Housing Status Extension

November 17, 2016 – 9:30 pm

Click Here to View The Announcement Press Release With assistance provided by the City of Albany Industrial Development Agency, a new owner will renovate the existing 136 units of section 8 affordable housing located at 2 Thurlow Terrace in Albany’s Washington Park neighborhood. The assistance also offsets costs, allowing Capital District Apartments, LLC to continue […]

Building For Tomorrow 2016

November 16, 2016 – 9:58 pm

Joined by its investors, hundreds of community leaders and stakeholders, Capitalize Albany Corporation hosted its annual event, Building For Tomorrow 2016 on Nov. 15, 2016 at the Hilton Garden Inn at Albany Medical Center, celebrating an extraordinary year of building momentum in the Capital City. In review of 2016, Capitalize Albany presented on an unprecedented year […]

RSVP: Building For Tomorrow 2016

November 15, 2016 – 12:00 am

Click Here to Register Join the Capitalize Albany Corporation board of directors and staff to celebrate this year’s citywide economic development accomplishments. Before and after the program, attendees will have the unique opportunity to network with staff, the board members, elected officials, staff and Capitalize Albany’s investor base all in one place. Location Hilton Garden […]

City of Albany to See First Residential New Construction as Market for Downtown Living Progresses

October 20, 2016 – 6:43 pm

Click Here To Read The Announcement Press Release New construction projects located at 191 North Pearl Street and 760 Broadway will transform the two vacant properties, bring new revenue to Albany’s taxing jurisdictions and create a total of 118 new apartment units. Together, these strategically-located projects will increase the density of the growing urban center, […]

Park South Urban Renewal Plan Receives International Economic Development Council Excellence in Economic Development Award

September 27, 2016 – 7:19 pm

During its 2016 annual conference in Cleveland, OH on September 27, the International Economic Development Council (IEDC) recognized Capitalize Albany Corporation and the Park South Urban Renewal Plan, awarding the Silver Excellence in Economic Development Award. Marking a decade’s worth of implementation, the Park South Urban Renewal Plan was submitted into the IEDC Awards’ Neighborhood […]

246 Affordable Housing Units Newly Restored in Albany Pastures Historic District

September 27, 2016 – 5:13 pm

Ceremony to mark completed rehab of 246 affordable housing units held today at the Historic Pastures Mansions, #Albany. A $40M investment. pic.twitter.com/Ax5xQ3K0p0 — Capitalize Albany (@CapAlbanyCorp) September 27, 2016 A dedication ceremony marked the completed rehabilitation of 246 affordable housing units in the City of Albany’s Pastures Historic District. Capitalize Albany Corporation joined Albany Mayor […]

Impact Downtown Albany Strategic Plan Receives International Downtown Association 2016 Award of Excellence

September 9, 2016 – 7:36 pm

Announcement Press Release During its 62nd Annual Conference and Tradeshow in Atlanta on Sept. 8, the International Downtown Association recognized Capitalize Albany Corporation and the Impact Downtown Albany strategic plan, awarding the 2016 Downtown Achievement Award of Excellence. View the submitted presentation here. The Award of Excellence is a new category that acknowledges innovative best practice […]

New 277 Room Student Housing Facility Set to Support Growth at Albany World-Class Institutions

September 9, 2016 – 6:50 pm

Announcement Press Release Here   Aspen Albany is the newly constructed 277 room, four-story student housing facility at 1475 Washington Avenue. After breaking ground at the site of the project last summer, Aspen Albany has opened the doors for its first fall semester. City of Albany Mayor Kathy Sheehan was joined by GSX Solutions’ project […]

Community Vision and Revitalization Effort Transforming Albany Sheridan Hollow Neighborhood

August 24, 2016 – 6:17 pm

Albany’s Sheridan Hollow neighborhood is undergoing an incredible transformation and today, Capitalize Albany joined the community in gathering with elected officials and community leaders to celebrate another significant achievement as part of that transformation.   Nearly 100 new mixed-income housing units, retail/office in Sheridan Hollow catalyzing investment in every direction pic.twitter.com/LNlxGvbmv3 — Capitalize Albany (@CapAlbanyCorp) […]

Newly restored 400 Hudson Avenue adds to quality affordable housing in Albany at Royce on the Park

July 7, 2016 – 8:04 pm

VIEW PHOTOS HERE   Capitalize Albany Corporation joined Albany Mayor Kathy Sheehan, Royce Mulholland, president and CEO of The Mulholland Group and other state and local elected officials to celebrate the grand opening of Royce on the Park, a newly restored and upgraded senior and disabled community living apartment building located at 400 Hudson Avenue […]