News

Request For Proposals | Demolition Services

August 19, 2019 – 9:20 pm

Capitalize Albany Corporation is seeking sealed bid proposals from qualified contractors for demolition services. Please click the link below to view and download the request for proposals.  Click Here To View And Download This RFP

New Street Decals Enhance Capital City Trolley Service And Connectivity

August 13, 2019 – 3:01 pm

The Capital District Transportation Authority recently installed new street decals, making it even easier to find its stops and ride the free Capital City Trolley connecting downtown Albany and the Lark Street business district. The Trolley operates Thursday – Saturday from 5 p.m. to 12:30 a.m. Check out the new street decals in Downtown Albany […]

Transformational Projects Announced For Clinton Square As Part Of $10 Million Downtown Revitalization Initiative Award

July 24, 2019 – 8:37 pm

View the announcement’s press release, click here The City of Albany’s Downtown Revitalization Initiative Plan and Award Booklet can be found here Governor Cuomo announced 12 transformational projects for Albany’s Clinton Square neighborhood as part of the $10 million Downtown Revitalization Initiative (DRI) award. The strategic investments in Clinton Square will enhance the neighborhood’s role […]

IMMEDIATE OPENING | EMPLOYMENT OPPORTUNITY: Vice President

July 19, 2019 – 7:35 pm

Capitalize Albany Corporation is searching for a proactive, collaborative and detail-oriented executive who has a track-record of innovative problem-solving and achieving impactful results. Capitalize Albany Corporation has been the designated economic development organization for New York State’s Capital City since it was formed in 1979, providing strategic, real estate and business development services on behalf […]

Construction Progresses Full STEAM Ahead At Central Avenue Business Incubator

July 15, 2019 – 8:26 pm

The Central Avenue Business Improvement District broke ground last summer on the STEAM Garden Business Incubator at 279 Central Avenue in Albany, the former St. Patrick’s Catholic School. The STEAM Garden is a collaborative effort to turn the vacant school into an innovative living lab focusing on science, technology, engineering, art & design, and media […]

‘The Bishop’ At 90 North Pearl Street Readying For Opening

July 15, 2019 – 4:42 pm

The Bishop, a new downtown full service restaurant is planning to open in the coming weeks. Supported in part by the Downtown Albany Retail Grant Program, The Bishop will offer a large array of spirits, common cocktails and craft beer, with a main focus on bourbon. Since its inception the Retail Grant Program has leveraged more than […]

Groundbreaking Marks Important Milestone For Mount Hope Commons Project at 351 Southern Boulevard

July 10, 2019 – 7:01 pm

Joined by Sonic Drive In, Trinity Realty Group broke ground on its Mt. Hope Commons project at 351 Southern Boulevard in Albany — a more than $23 million redevelopment of the 10.5-acre site will create hundreds of jobs, several public infrastructure upgrades, new neighborhood amenities and increased tax revenue. A groundbreaking marked an important milestone […]

132-Room Hotel As Part of Quackenbush Square Development To Transform 1.67-Acre Former Brownfield Site In Downtown Albany

June 20, 2019 – 8:37 pm

Click here to view the announcement’s press release A new $30.4 million investment will transform a highly visible site along Broadway. As part of Pioneer Companies’ large mixed-use Quackenbush Square development project, a new 132-room hotel will strengthen the connection between downtown Albany, Clinton Square and the warehouse district, support nearby businesses and area attractions. […]

Rehabilitation of Vacant 251 North Pearl Street Supports City of Albany Neighborhood Revitalization

June 20, 2019 – 8:13 pm

Click here to view the announcement’s press release Supported by the City of Albany Industrial Development Agency and by the City of Albany through the Restore New York Communities Initiative, vacant 251 North Pearl Street will be renovated and transformed into the new and permanent home of the Capital Repertory Theatre (theREP). The $9.5 million […]

First Vendors Now Open At New Downtown Albany Food Court

June 19, 2019 – 2:35 pm

The 50 South Eatery’s first vendors have began serving as part of a soft-opening phase of the new downtown Albany food court. Across from the Times Union Center, below 50 South Pearl Street’s 15 market-rate apartments, on the ground-floor 3,475 sq. ft. of space was transformed into seven restaurant stalls with shared dine-in space. The […]