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# Capitalize Albany

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## Posts

- [News & Events](https://capitalizealbany.com/news-events/) - Read about the latest news and events by The Capitalize Albany Corporation. See all news and events today.
- [A Conversation With Senator Pat Fahy On Chat With Pat Episode 34: Strong Core, Strong Region](https://capitalizealbany.com/news-events/2026/06/a-conversation-with-senator-pat-fahy-on-chat-with-pat-episode-34-strong-core-strong-region/) - Last week Capitalize Albany President Ashley Mohl and Senior Economic Developer Kaylie Hogan-Schnittker joined Senator Pat Fahy on her podcast for a discussion about the future of the Capital City’s development. Watch on Facebook below or listen on Apple, Spotify or wherever you get your podcasts to learn about what's taking shape through Governor Hochul's
- [2026 REDC CFA Process Resources And Local Workshops](https://capitalizealbany.com/news-events/2026/06/2026-redc-cfa-process-resources-and-local-workshops/) - Updated June 24: Governor Kathy Hochul has announced the opening of this year's Regional Economic Development Councils (REDC) Initiative and Consolidated Funding Application (CFA) process. The application portal is now open and Capitalize Albany staff is available to assist local applicants. In addition to the resources below, a series of local workshops to support potential
- [Immediate Opening | Employment Opportunity: Senior Economic Developer](https://capitalizealbany.com/news-events/2026/06/immediate-opening-employment-opportunity-senior-economic-developer-3/) - About the Position Capitalize Albany Corporation is seeking a highly-motivated, professional and experienced candidate for Senior Economic Developer. This is a fast-paced position responsible for managing the administration of the Corporation’s real estate development programs, including project development and financing and administration of the City of Albany Industrial Development Agency, Capital Resource Corporation and Capitalize
- [An Historic Rehabilitation To Convert 120 Madison Ave Into Mixed-Use Development With 11 Multifamily Apartments](https://capitalizealbany.com/news-events/2026/06/an-historic-rehabilitation-to-convert-120-madison-ave-into-mixed-use-development-with-11-multifamily-apartments/) - $4.7 million Project Will Activate Vacant Tax-Exempt Former Masonic Lodge View Announcement Press Release The historic rehabilitation of 120 Madison Avenue by Hoke Development will convert the long-vacant and tax exempt former Masonic Hall located in Albany’s South End Neighborhood into the Prince Hall Apartments. The $4.7 million investment made possible with City of
- [Nine Pin Ciderworks Celebrates Completion of Brick Facade Restoration, Advancing Its Ongoing Warehouse District Investment](https://capitalizealbany.com/news-events/2026/06/nine-pin-ciderworks-celebrates-completion-of-brick-facade-restoration-advancing-its-ongoing-warehouse-district-investment/) - Project Restores Appearance Of Historic McKinney Steel Complex Original Brick Industrial Architecture View Announcement Press Release Nine Pin Ciderworks was joined by Albany Mayor Dr. Dorcey Applyrs and state leaders alongside the City of Albany’s economic development organization Capitalize Albany Corporation to recognize the completion of its latest investment in Nine Pin’s evolving warehouse
- [$7.4 Million Investment Will Convert Underutilized Parking Adding 37 Multifamily Housing Units At The Kennedy Apartments In Downtown Albany  ](https://capitalizealbany.com/news-events/2026/05/7-4-million-investment-will-convert-underutilized-parking-adding-37-multifamily-housing-units-at-the-kennedy-apartments-in-downtown-albany/) - View Announcement Press Release $7.38 million will be invested into Redburn Development Partners’ The Kennedy at 45 Columbia Street in downtown to convert underutilized parking areas in the existing mixed-use building into 37 additional apartments. The project will create at least 50 construction jobs and increase the building’s total multifamily housing units to 59
- [Coordinated Downtown Projects to Add 120 Multifamily Housing Units and Deliver Premier Class A Office Space at 30 South Pearl Street](https://capitalizealbany.com/news-events/2026/05/coordinated-downtown-projects-to-add-120-multifamily-housing-units-and-deliver-premier-class-a-office-space-at-30-south-pearl-street/) - $42.5 Million in New Investment to Support Reactivation of 200,000 square feet of vacant office space through residential reuse and office tenancy View Announcement Press Release A $16 million investment by Jankow Companies made possible with City of Albany Industrial Development Agency (IDA) assistance will support a large-scale effort and renovation of 30
- [Stacks Espresso Bar Expands With Opening of Second Downtown Albany Location, Fifth In The Capital Region ](https://capitalizealbany.com/news-events/2026/05/stacks-espresso-bar-expands-with-opening-of-second-downtown-albany-location-fifth-in-the-capital-region/) - Newly Renovated Space At 90 State Street To Serve As hub For Coffee Enthusiasts, Gathering Spot For Professionals, Residents And visitors Near Capitol. View Announcement Press Release Stacks Espresso Bar’s leadership and management team gathered with City of Albany Mayor Dr. Dorcey Applyrs, community leaders, the Downtown Albany Business Improvement District and the
- [More Than 200 Multifamily Apartments Advance Toward Construction In Albany Housing Pipeline ](https://capitalizealbany.com/news-events/2026/04/more-than-200-multifamily-apartments-advance-toward-construction-in-albany-housing-pipeline/) - View Announcement Press Release An $18.6 million project that will renew the site of Albany’s historic Union Station into a mixed-use multifamily residential development, a $4.8 million project to revitalize and convert the vacant building at 135 Ontario Street into a three-story multifamily residential development, and a $26.5 million project which would convert the
- [$2 Million Investment Brings 13 New Market-Rate Apartments To North Albany](https://capitalizealbany.com/news-events/2026/04/2-million-investment-brings-13-new-market-rate-apartments-to-north-albany/) - View Announcement Press Release Capitalize Albany, local officials and community members joined Guido Development Group to celebrate the ribbon cutting of its recently completed multifamily project in the City of Albany. Located at 33 Center Street, the newly constructed three-story building is home to 13 market-rate apartments and was built on two formerly tax-exempt
- [Grant Writing Workshop Series In Albany Equips Applicants To Compete For Grant Funding](https://capitalizealbany.com/news-events/2026/03/grant-writing-workshop-series-in-albany-equips-applicants-to-compete-for-grant-funding/) - Knowing how to approach a grant application and clearly frame its key elements can provide a real advantage in a competitive process. This month, we expanded our capacity-building grant writing workshop series with a hands-on session that offered practical tools to help applicants tell their story by breaking down the essential components of a strong
- [Sign Up and Stay Updated on the NYS $200M+ Downtown Albany Initiative](https://capitalizealbany.com/news-events/2025/05/sign-up-and-stay-updated-on-the-nys-200m-downtown-albany-initiative/) - Through this year’s Executive Budget, Governor Hochul launched the Championing Albany's Potential (CAP) Initiative, to invest $400 million to in part revitalize the state museum, and downtown core of Albany, in partnership with local stakeholders. As part of this effort ESD has selected MIG, a nationally recognized planning and economic development firm, to lead a
- [RSVP | Grant Writing: The Core Components](https://capitalizealbany.com/news-events/2026/01/rsvp-grant-writing-the-core-components/) - Update | Please Note the workshop location has changed: This grant writing workshop has changed venues due to an increase in interest and to accommodate space for attendees, the event will now be held at the Albany Library Howe Branch on 105 Schuyler Street in the large community room. Registration for this event closed
- [Downtown Albany Strategy Fund Application Portal Now Open](https://capitalizealbany.com/news-events/2026/03/downtown-albany-strategy-fund-application-portal-now-open/) - The Downtown Albany Strategy (DAS) fund application portal is now open. The $200 million in Downtown Albany Strategy funding is part of Governor Kathy Hochul's broader Championing Albany’s Potential (CAP) Initiative. Information about applying for DAS funding through the NYS Consolidated Funding Application and Program guidelines are now available through Empire State Development's CAP Initiative
- [Capitalize Albany Advances Liberty Park Redevelopment with RFP Addendum Aligned to Downtown Albany Strategy](https://capitalizealbany.com/news-events/2026/02/capitalize-albany-advances/) - Refinement Opportunity Positions Projects to Leverage up to $40 Million in Dedicated Funding The City of Albany’s economic development organization, Capitalize Albany Corporation, has released an addendum to master development respondents of its Liberty Park Acquisition and Redevelopment request for proposals (RFP). The addendum, which was prepared in consultation with Empire State Development
- [Refinancing of Tax-Exempt and Taxable Bonds Through City of Albany Capital Resource Corporation to Support Avila Retirement Community Improvements and Long-Term Sustainability](https://capitalizealbany.com/news-events/2026/02/refinancing-of-tax-exempt-and-taxable-bonds-through-city-of-albany-capital-resource-corporation-to-support-avila-retirement-community-improvements-and-long-term-sustainability/) - View Announcement Press Release Financing made possible with the issuance of up to $30 million in tax-exempt and taxable bonds will support the Avila Retirement Community, allowing for the refinancing of existing debt and funding of capital improvements to the retirement community’s independent living campus located at 100 White Pine Drive in Albany.
- [Albany Center Gallery Opens New and Expanded North Pearl Street Location](https://capitalizealbany.com/news-events/2026/01/albany-center-gallery-opens-new-and-expanded-north-pearl-street-location/) - Community residents gathered at 48 North Pearl Street to tour Albany Center Gallery's new and expanded home and experience the 21st Annual Members’ Show on Jan. 16. Complementing its grand opening, the show is the inaugural exhibition in the new location featuring work from 276 ACG artists and members.
- [Newest Neighborhood Gathering Spot, The Boulevard Now Open In Albany](https://capitalizealbany.com/news-events/2025/12/newest-neighborhood-gathering-spot-the-boulevard-now-open-in-albany/) - Long-Time Albany restaurateur Cheri West Brings An American Grill With A Taste of Italy to the former Sam’s Italian American Restaurant Space at 125 Southern Boulevard View Announcement Press Release A new neighborhood gathering spot, The Boulevard, officially celebrated its grand opening on Wednesday with a ribbon cutting ceremony. The newly renovated sports bar and
- [STUDIO23, Hair And Nail Salon In Downtown Albany Opens New Expanded Location](https://capitalizealbany.com/news-events/2025/12/studio23-hair-and-nail-salon-in-downtown-albany-opens-new-expanded-location/) - Newly Renovated Space at 29 North Pearl Street Expands Services, Supports Stylist Growth, and Strengthens Downtown’s Creative Business Landscape STUDIO23, the hair and nail aesthetic salon founded by sisters Crystal Mallett-Williams and Christina Mallett, celebrated the grand opening of its expanded location at 29 North Pearl Street in downtown Albany today. Made possible
- [#AlbanyIsAllBiz | Hot Crispy Oil Relocates and Expands in Albany](https://capitalizealbany.com/news-events/2025/10/albanyisallbiz-hot-crispy-oil-relocates-and-expands-in-albany/) - Hot Crispy Oil, the Albany-based specialty condiment company that captured the taste buds of food enthusiasts nationwide, is embarking on a new chapter. The company, founded in 2020 by John Trimble, recently relocated its operations to a larger facility at 24 Thatcher Street in Albany, marking a significant step forward in its plans for growth.
- [Albany Heat Pump Supplier Takes Space in Former Freihofer Baking Co. Building Ahead of Statewide Shift to All-Electric Construction](https://capitalizealbany.com/news-events/2025/09/albany-heat-pump-supplier-takes-space-in-former-freihofer-baking-co-building-ahead-of-statewide-shift-to-all-electric-construction/) - View Announcement Press Release Lucent Building Supply’s new showroom advances the $6.5M transformation of 242 Spruce St. — infusing the Former Freihofer site in the Sheridan Hollow Neighborhood with New commercial energy New investment continues the transformation of the formerly vacant and blighted Freihofer Baking Co. building at 242 Spruce Street in Albany’s Sheridan Hollow
- [Downtown Albany Expands Culinary Landscape With Japanese-Italian Fusion Restaurant, Itameshi Is Now Open](https://capitalizealbany.com/news-events/2025/10/downtown-albany-expands-culinary-landscape-with-japanese-italian-fusion-restaurant-itameshi-is-now-open/) - A new restaurant is bringing Japanese-Italian fusion cuisine to downtown Albany. Itameshi is located at 745 Broadway on the ground-floor of Industrie Apartments, which was developed by The Rosenblum Companies. Itameshi officially opened Tuesday. View this post on Instagram
- [Event: Getting Grant Ready](https://capitalizealbany.com/news-events/2025/10/event-getting-grant-grant-ready/) - Join Capitalize Albany staff and representatives from the UpState New York Black Chamber of Commerce, the Downtown Albany Business Improvement District and the Central Avenue Business Improvement District for an in-person technical assistance workshop providing a foundation to grant writing with Q&A opportunities, tips on tools and best practices for preparing successful grant proposals. This
- [Bond Issuance To Support Albany Medical Center Improvements and Expansion of Emergency Department](https://capitalizealbany.com/news-events/2025/09/bond-issuance-to-support-albany-medical-center-improvements-and-expansion-of-emergency-department/) - View Announcement Press Release Capital Resource Corporation Issuance to Support Reinvestment In local Strategic Initiatives Financing made possible with the issuance of up to $425 million in both tax-exempt and taxable bonds will support Albany Medical Center (AMC) — as it advances plans to expand its adult emergency department. The up to $425 million bond
- [$97.3 Million Investment To Reshape South End Neighborhood Developing 166 Multifamily Affordable Housing Units On 64 Vacant Parcels](https://capitalizealbany.com/news-events/2025/09/97-3-million-investment-to-reshape-south-end-neighborhood-developing-166-multifamily-affordable-housing-units-on-64-vacant-parcels/) - View Announcement Press Release Project Will Create At Least 100 Construction Jobs, Bring 62 Newly Constructed buildings To Currently Tax-Exempt Properties A $97.3 million investment will bring 64 vacant and underutilized land parcels back on to taxable rolls with the new construction of 62 new buildings containing a total of 166 affordable housing units. Made
- [New Downtown Location To Support Albany Center Gallery Expansion](https://capitalizealbany.com/news-events/2025/08/new-downtown-location-to-support-albany-center-gallery-expansion/) - Albany Center Gallery, a nonprofit art space and gallery showcasing local and regional artists for nearly half a century, announced today a key move from its location in the Arcade Building to a larger downtown Albany building. The new venue will accommodate and enhance ACG's rapidly growing programs, staff, projects, and initiatives. The new location,
- [With 15 This Latest Round, Small Business Facade Improvement Program Tops 80 Awards, Supporting Local Growth & Reinvestment](https://capitalizealbany.com/news-events/2025/07/with-15-this-latest-round-small-business-facade-improvement-program-tops-80-awards-supporting-local-growth-reinvestment/) - Program Has Leveraged More than $730,000 In Private Investment As part of the City of Albany’s Small Business Façade Improvement Program’s seventh-round which closed in May, 15 Albany small businesses and nonprofits received matching grant awards totaling more than $108,000 this month. Already, since its inaugural round the program has made more than 80 awards
- [#AlbanyIsAllBiz | FoodScraps360 In Albany Expands Compost Pickup Service and Operations](https://capitalizealbany.com/news-events/2025/06/albanyisallbiz-foodscraps360-in-albany-expands-compost-pickup-service-and-operations/) - Roughly 10 percent of the Capital Region’s greenhouse gas emissions are caused by landfill emissions, which in essence is mostly decomposing food and organic waste producing methane. With a different approach, sending that same waste to a composting facility, would instead allow it to enrich soil and benefit the environment. Who’s helping to divert food
- [REQUEST For Proposals Unlocks Landmark Opportunity for Highly Anticipated Redevelopment of the 8-Acre Liberty Park Site in the Heart of Downtown Albany](https://capitalizealbany.com/news-events/2025/05/request-for-proposals-unlocks-landmark-opportunity-for-highly-anticipated-redevelopment-of-the-8-acre-liberty-park-site-in-the-heart-of-downtown-albany/) - Capitalize Albany Advances Long-Awaited Revitalization of Downtown Albany’s Largest Development Opportunity The City of Albany’s economic development organization, Capitalize Albany Corporation, beginning today is actively marketing a solicitation seeking proposals from qualified real estate developers to acquire and undertake the redevelopment of downtown Albany’s Liberty Park site through a request for proposals (RFP). For
- [Construction Update: Albany is on 'The RISE'](https://capitalizealbany.com/news-events/2025/06/construction-update-albany-is-on-the-rise/) - As we step into the summer and the second half of the year, nearly $50 million in new investment is progressing as Jankow Companies furthers its construction and launch of two major Albany endeavors that will add to its The Rise apartments brand. First, in downtown Albany, Jankow Companies is finishing construction and has begun
- [2025 Regional Economic Development Council Initiative CFA Process And Local Workshop](https://capitalizealbany.com/news-events/2025/05/2025-regional-economic-development-council-initiative-cfa-process-now-open/) - Join Capitalize Albany Corporation and Empire State Development at the Albany Black Chamber of Commerce for an upcoming local CFA workshop. This is an in-person workshop with the opportunity to ask questions and learn more about the CFA application process and available resources. WHEN: June 18 3:00 - 5:00 p.m. Where: Albany Black
- [Equal Vision Records Celebrates Relocation & Expansion In The South End of Albany](https://capitalizealbany.com/news-events/2025/04/equal-vision-records-celebrates-relocation-expansion-in-the-south-end-of-albany/) - Independent Label Expands Operations, Drives Economic Momentum in the Capital City Equal Vision Records, the independent record label and parent company of MerchNow, EVR Promotions, and Burlington Record Pressing celebrated the grand opening of its new 64,000 sq. ft. 400 South Pearl Street headquarters. This milestone marks a major expansion for the company and a
- [Construction Update: 63 Unit Colvin Avenue Affordable Housing Development On Track For Completion This Year](https://capitalizealbany.com/news-events/2025/04/construction-update-63-unit-colvin-avenue-affordable-housing-development-on-track-for-completion-this-year/) - A $30.6 million investment is set to bring a 63-unit affordable housing development supporting households that have a range of mixed-incomes to 60 Colvin Avenue in Albany. The Regan Development project will generate additional revenue to local taxing jurisdictions and was estimated to create at least 12 permanent and 60 construction jobs.
- [RFP For Bond Counsel And Legal Services | City of Albany IDA and CRC](https://capitalizealbany.com/news-events/2025/04/rfp-for-bond-counsel-and-legal-services-city-of-albany-ida-and-crc/) - The City of Albany Industrial Development Agency and Capital Resource Corporation (Collectively, “the Agency”) is seeking proposals from individuals and firms with demonstrable experience in providing a full suite of legal services to industrial development agencies and/or public authorities to act on behalf of the Agency. The successful Respondent(s) may enter into a contract with
- [Albany Designer and Handbag Manufacturer Makes First appearance at NY Fashion Week](https://capitalizealbany.com/news-events/2025/04/albany-designer-and-handbag-manufacturer-makes-first-appearance-at-ny-fashion-week/) - It was a major milestone for Karen Kema Maxwell, better known as Kema of Kema’s Kreations. Several weeks ago, she was putting the finishing touches on her high-fashion purses, duffel bags and handbags set to debut at Runway 7’s NY Fashion Week (NYFW) production on February 9. “It was just an honor to be asked,
- [Seventh Round City of Albany Small Business Facade Improvement Program Application Window Now Open](https://capitalizealbany.com/news-events/2025/04/seventh-round-city-of-albany-small-business-facade-improvement-program-application-window-now-open/) - Now Accepting Applications, Matching Grant Program Reopens For City Of Albany Small Business Owners To Reinvest And Grow View Announcement Press Release Applications are now available as part of the City of Albany Small Business Façade Improvement Program’s Round seven funding window with matching grants being made available to support small business owners citywide.
- [$4.3 Million Investment Transforms Vacant Albany Office Building into Academy Place Apartments](https://capitalizealbany.com/news-events/2025/03/4-3-million-investment-transforms-vacant-albany-office-building-into-academy-place-apartments/) - 28,000 Sq. Ft. Commercial Office Building Converted into 25 Market-Rate Multifamily Apartment Units Supporting More Than 40 Construction Jobs View Announcement Press Release Local officials and community members today joined the Manfredi Property Group in cutting the ribbon on the latest completed multifamily residential project in the City of Albany. Located near some of the
- [South End Children's Cafe Opens New Expanded Location to Serve More Albany Families](https://capitalizealbany.com/news-events/2025/03/south-end-childrens-cafe-opens-new-expanded-location-to-serve-more-albany-families/) - View Announcement Press Release Relocation Triples Program Capacity and Supports Additional Enrichment Services through Generous Support of Public and Private Donors The South End Children's Cafe, a community resource dedicated to addressing food insecurity, equity and justice and supporting local children and families, today recognized the opening of its newly expanded location at 33
- [Key City Gateway Reimagined In Downtown Albany With Completion Of Clinton Market Collective Construction](https://capitalizealbany.com/news-events/2024/08/key-city-gateway-reimagined-in-downtown-albany-with-completion-of-clinton-market-collective-construction/) - Learn More About Clinton Market Collective Here View The Announcement Press Release Here Capitalize Albany Corporation and Clinton Market Collective project partners recognized the reimagined destination’s completion of construction today marking the grand opening of Clinton Market Collective. The site is bordered by Clinton Avenue on the south, Broadway on the east, North
- [Request For Proposals: Clinton Market Collective](https://capitalizealbany.com/news-events/2024/08/request-for-proposals-clinton-market-collective/) - VIEW AND DOWNLOAD THE RFP HERE Frequently Asked Questions Click Here to view Frequently Asked Questions regarding this Request For Proposals. Informational Webinar A webinar information session was held Thursday, August 29, at 3 p.m. EST. This meeting was for representatives of entities that have an interest in responding to this RFP. A recording of
- [$29.4 Million Investment To Construct Mixed-Use Affordable Housing Development In Clinton Square Neighborhood](https://capitalizealbany.com/news-events/2024/11/29-4-million-investment-to-construct-mixed-use-affordable-housing-development-in-clinton-square-neighborhood/) - Project Will Create At Least 52 Jobs, Bring Dedicated Affordable Artist Housing To Downtown View Announcement Press Release A $29.4 million investment will bring a new construction mixed-use 67-unit affordable housing development to 794 Broadway in Albany’s Clinton Square neighborhood. Made possible with City of Albany Industrial Development Agency (IDA) support, the project is estimated
- [$1.9 Million Investment To Construct 12 New Market-Rate Residential Apartments In Albany](https://capitalizealbany.com/news-events/2024/10/1-9-million-investment-to-construct-12-new-market-rate-residential-apartments-in-albany/) - Project Will Create At Least 50 Jobs, Bring Newly Constructed Apartment Building To Currently Tax-Exempt Land Parcels View Press Release A $1.9 million investment will bring a new construction 12-unit market-rate apartment building to two currently tax-exempt land parcels located at 1233-1235 Broadway in North Albany. The project will bring the land on to tax-rolls,
- [Ashley Mohl Named Capitalize Albany Corporation President](https://capitalizealbany.com/news-events/2024/10/ashley-mohl-named-capitalize-albany-corporation-president/) - Unanimous Support Appoints City of Albany Economic Development Organization’s Next Leader Press Release The City of Albany’s economic development organization Capitalize Albany Corporation has named Ashley Mohl as its next permanent leader. Its Board of Directors voted unanimously during its October board meeting to name Mohl President, who has been serving as its interim
- [$22 Million Station 25 Affordable Housing Development Completed On Delaware Avenue  ](https://capitalizealbany.com/news-events/2024/09/22-million-station-25-affordable-housing-development-completed-on-delaware-avenue/) - Announced by Governor Kathy Hochul, the $22.2 million five-story Station 25 affordable housing development — which involved repurposing a former fire alarm station at 25 Delaware Ave. is now complete. A ribbon cutting celebration was held with developer Conifer Realty. View this post on Instagram
- [Viva Empanadas Opens In Downtown Albany, Expands Into Downtown Albany Restaurant Landscape](https://capitalizealbany.com/news-events/2024/08/viva-empanadas-opens-in-downtown-albany-expands-into-downtown-albany-restaurant-landscape/) - Newest Restaurant With focus On Authentic Latin Cuisine Takes Part In Downtown Revitalization View Announcement Press Release View this post on Instagram A post shared by Capitalize Albany Corporation (@capalbanycorp) The no-longer vacant storefront at the corner of North Pearl Street and Sheridan Avenue located at 90 North Pearl Street is now home to
- [$30.6 Million Investment To Construct Colvin Avenue Mixed-Income Affordable Housing Development That Will Feature Supportive Services And A Child Daycare Facility](https://capitalizealbany.com/news-events/2024/08/30-6-million-investment-to-construct-colvin-avenue-mixed-income-affordable-housing-development-that-will-feature-supportive-services-and-a-child-daycare-facility/) - View Announcement Press Release A $30.6 million investment is set to bring a 63-unit affordable housing development supporting households that have a range of mixed-incomes to 60 Colvin Avenue in Albany. The project will generate additional revenue to local taxing jurisdictions and is estimated to create at least 12 permanent and 60 construction jobs.
- [Call For Vendor Interest: Clinton Market Collective Customizable Shipping Containers Arrive For Installation](https://capitalizealbany.com/news-events/2024/07/call-for-vendor-interest-clinton-market-collective-customizable-shipping-containers-arrive-for-installation/) - Clinton Market Collective construction is nearly completed, and the site's custom vendor shipping containers arrived Thursday for installation. The two containers on site will provide semi-permanent business locations where local entrepreneurs and small businesses can operate throughout the year. Additional updates are forthcoming as the park's reimagining nears completion. If you're a small business owner
- [New Scotland Spirits Tasting Room Now Open On Lark Street](https://capitalizealbany.com/news-events/2024/06/new-scotland-spirits-tasting-room-now-open-on-lark-street/) - View this post on Instagram A post shared by Capitalize Albany Corporation (@capalbanycorp) Founded in 2016 The company is expanding its reach and furthering its longtime ambition crafting spirits imbued with the taste of New Scotland, NY.
- [New High School To Expand KIPP Capital Region Public Charter Schools Network In The City Of Albany](https://capitalizealbany.com/news-events/2024/05/new-high-school-to-expand-kipp-capital-region-public-charter-schools-network-in-the-city-of-albany/) - View Press Release With support from the City of Albany Capital Resource Corporation (CRC), financing made possible with the issuance of tax-exempt bonds will support KIPP Capital Region Public Charter Schools (KIPP) — allowing the charter school network to invest in the design and construction of a new more than $50 million, three-story, 98,000 sq.
- [Local Support For 2024 CFA Process: REDC Round XIV](https://capitalizealbany.com/news-events/2024/05/local-support-for-2024-cfa-process-redc-round-xiv/) - Governor Kathy Hochul has announced the opening of the Round XIV Regional Economic Development Council Initiative and Consolidated Funding Application (CFA) process. The application portal is now open and Capitalize Albany staff is available to assist applicants located within the City of Albany. Corporation staff will coordinate requests for letters of support from the Mayor and resolutions
- [Completion Of $15 Million 60-Unit Gallery On Holland Apartments To Strengthen Neighborhood Connectivity](https://capitalizealbany.com/news-events/2024/05/completion-of-15-million-60-unit-gallery-on-holland-apartments-to-strengthen-neighborhood-connectivity/) - Local officials and community members today joined Richbell Capital in cutting the ribbon on the latest completed multifamily residential project in the City of Albany. The Gallery on Holland is a $15 million, more than 60,000 sq. ft. 60-unit new construction market-rate multi-family apartment development located at 25 Holland Ave. near the intersection of Delaware
- [The Bevy Vintage Collective Is Welcomed To Downtown Albany, Grand Opening Celebration](https://capitalizealbany.com/news-events/2024/05/the-bevy-vintage-collective-is-welcomed-to-downtown-albany-grand-opening-celebration/) - We all know the outdoor, vintage-only market that pops up a few times yearly in Albany's warehouse district. Now, over four years in operation, it has grown its offerings, featuring more than 50 vendors, attracting many from out-of-state Sarah Minguela is part of the team behind Albany's Vintage Roundup and now has her venture as owner of The
- [With Latest Round, In Total More Than 60 Albany Businesses and Nonprofits Have Received Small Business Facade Improvement Program Matching Grant Awards To Reinvest And Grow](https://capitalizealbany.com/news-events/2024/05/latest-round-in-total-more-than-60-albany-businesses-and-nonprofits-have-received-small-business-facade-improvement-program-matching-grant-awards-to-reinvest-and-grow/) - Program Has Leveraged More than $650,000 In Private Investment As part of the City of Albany’s Small Business Façade Improvement Program’s sixth-round which closed in December, 15 Albany small businesses and nonprofits received matching grant awards totaling more than $130,000 this month. Already, since its inaugural round the program has supported more than 50 businesses’
- [Celebration At Nine Pin: Expanded Tasting Room Now Open](https://capitalizealbany.com/news-events/2024/05/celebration-at-nine-pin-expanded-tasting-room-now-open/) - View this post on Instagram A post shared by Capitalize Albany Corporation (@capalbanycorp) Nine Pin Ciderworks has completed the repurposing of its former 3,200 sq. ft. production area into an expanded tasting room. Enhancing the on-site experience,
- [RFP: Commercial Brokerage Services](https://capitalizealbany.com/news-events/2024/04/rfp-commercial-brokerage-services/) - Capitalize Albany Corporation is seeking proposals from licensed commercial real estate brokerage firms to establish a contract for Commercial Real Estate Brokerage Services for an initial period of one year which the term of may be extended by the Corporation. The successful respondent will be retained to represent the Corporation in the marketing and sale
- [$46.3 Million Investment To Construct Affordable Housing Development That Will Support Veterans And Seniors At Risk Of  Homelessness](https://capitalizealbany.com/news-events/2024/04/46-3-million-investment-to-construct-affordable-housing-development-that-will-support-veterans-and-seniors-at-risk-of-homelessness/) - Project Will Create At Least 100 Construction Jobs, Bring 120 Additional Units of Affordable Housing Online In Albany View Announcement Press Release A $46.3 million investment is set to bring a 120-unit affordable housing development supporting seniors and veterans to 64 Colvin Avenue in Albany. The project will generate additional revenue to the local taxing
- [$10.5 Million Investment To Bring Nearly 100,000 Sq. Ft. Of Additional New Warehouse Space Online In Albany](https://capitalizealbany.com/news-events/2024/04/10-5-million-investment-to-bring-nearly-100000-sq-ft-of-additional-new-warehouse-space-online-in-albany/) - Flexible Distribution Warehouse Facility To Be Constructed On Final Corporate Circle Industrial Park Vacant Lot Supporting At Least 48 Construction Jobs View Announcement Press Release A 93,000 sq. ft. warehouse/distribution facility will be constructed at 48 Corporate Circle on the last vacant lot within the industrial park. The flexible distribution facility’s design will allow it
- [$15 Million 36 Hackett Boulevard New Construction Multifamily Apartments Completed Strengthening Neighborhood Connectivity, Walkability](https://capitalizealbany.com/news-events/2024/04/15-million-36-hackett-boulevard-new-construction-multifamily-apartments-completed-strengthening-neighborhood-connectivity-walkability/) - View Announcement Press Release Construction Of 42 Unit Market-Rate Apartment Complex To Generate $1.4 Million Additional Revenue To Local Taxing Jurisdictions View this post on Instagram A post shared by Capitalize Albany Corporation (@capalbanycorp) Local officials and View Announcement Press Release Construction Of 42 Unit Market-Rate Apartment Complex To Generate $1.4 Million Additional Revenue To Local Taxing Jurisdictions View this post on Instagram A post shared by Capitalize Albany Corporation (@capalbanycorp) Local officials and
- [First Year In Business Celebrated At Emack & Bolio’s After Transfer Of Ownership](https://capitalizealbany.com/news-events/2024/01/first-year-in-business-celebrated-at-emack-bolios-after-transfer-of-ownership/) - From Nurse to Ice Cream Shop Owner — A Successful First Year With a refreshed look and feel, Interior Renovations, Menu Additions Rewinding back several years, Orah LeHockey was working locally as a nurse full-time. Things changed as her parents who owned New World Bistro Bar at the time which was located on Delaware, were
- [$80 Million Investment To Renew Site Of Vacant Red Carpet Inn Into Affordable Housing Development](https://capitalizealbany.com/news-events/2024/01/80-million-investment-to-renew-site-of-vacant-red-carpet-inn-into-affordable-housing-development/) - Northgate Landing development to create 200 construction jobs, bring 185 additional units of quality affordable housing to Albany Press Release Replacing the underutilized and vacant Red Carpet Inn, an $80.9 million investment will bring a 185-unit affordable housing development to 500 Northern Boulevard nearby the northern edge of Arbor Hill and surrounding neighborhoods. The
- [Building For Tomorrow 2023](https://capitalizealbany.com/news-events/2023/11/building-for-tomorrow-2023/) - RSVP | Building For Tomorrow 2023 Capitalize Albany has an ambitious agenda ahead for 2024 with unprecedented opportunities on the horizon for Albany and the Capital Region. An annual event, Building For Tomorrow will be hosted this year at the Albany Black Chamber of Commerce & Social Club. Enjoy networking, refreshments, an exciting panel discussion,
- [$4.3 Million Investment to Transform Vacant Office Building into Newly Renovated Multifamily Apartments](https://capitalizealbany.com/news-events/2023/11/4-3-million-investment-to-transform-vacant-office-building-into-newly-renovated-multifamily-apartments/) - Announcement Press Release 28,000 Sq. Ft. Commercial Office Building to be Converted into Multifamily Apartment Units Supporting More Than 40 Construction Jobs A 28,000 sq. ft. commercial office building will be converted into 25 market rate apartments at 102 Hackett Boulevard between Marwill Street and St. James Place. In 2021, the building became partially vacant
- [The 110-Room Hyatt Place Hotel Opens In Downtown Albany  ](https://capitalizealbany.com/news-events/2023/11/the-110-room-hyatt-place-hotel-opens-in-downtown-albany/) - More than $40 million Investment Transformed Former Brownfield Site As Part Of Quackenbush Square Development View this post on Instagram A post shared by Capitalize Albany Corporation (@capalbanycorp) A new 110-room Hyatt Place Hotel now stands
- [Program For Matching Grants Reopens For City Of Albany Small Business Owners To Reinvest And Grow](https://capitalizealbany.com/news-events/2023/11/facaderound6/) - Now Accepting Applications for the City of Albany Small Business Facade Improvement Program’s Round Six View Announcement Press Release Grant Program Details and Application Available Here Applications are now available as part of the City of Albany Small Business Façade Improvement Program’s Round Six funding window with matching grants being made available to support small
- [Following a Decade of Transformational Development Reginelli to Transition Leadership of Capitalize Albany Corporation](https://capitalizealbany.com/news-events/2023/10/following-a-decade-of-transformational-development-reginelli-to-transition-leadership-of-capitalize-albany-corporation/) - Corporation Initiatives Supported Nearly $1 Billion In New Investment During Time Leading The Corporation Anders Tomson Elected as Next Chair of the Board and Senior Vice President Ashley Mohl To Be Named Interim Corporation President After more than a decade with Capitalize Albany, Sarah Reginelli, the Corporation’s president, and CEO of the City of Albany
- [Former Freihofer Baking Co. Building Transformed Into New Market-Rate Apartments](https://capitalizealbany.com/news-events/2023/10/former-freihofer-baking-co-building-transformed-into-new-market-rate-apartments/) - $6.5 million rehabilitation project Revitalized 242 Spruce St. Into 38 Market-Rate Apartments The transformation of the vacant and blighted former Freihofer Baking Co. building at 242 Spruce St. was celebrated today in Albany’s Sheridan Hollow neighborhood. View this post on Instagram
- [$6.5 Million Investment To Redevelop Vacant Center Square Building Into Multifamily Residential](https://capitalizealbany.com/news-events/2023/09/6-5-million-investment-to-redevelop-vacant-center-square-building-into-multifamily-residential/) - Converting 40,000 sq. ft. former College of Saint Rose building into market-rate apartments View Announcement Press Release Jankow Companies will soon begin construction on its newest multifamily residential apartments project in Albany, it will be converting 324 State Street into 29 market-rate apartments. This $6.5 million investment will bring the property back on to tax
- [New $3.5 Million Renaissance Albany Renovation Project Will Strengthen Hotel Operations](https://capitalizealbany.com/news-events/2023/09/new-3-5-million-renaissance-albany-renovation-project-will-strengthen-hotel-operations/) - Investment Will Support Retention of 91 Jobs and Bring Improvements to Public Spaces, Guest Rooms View Announcement Press Release A new $3.5 million investment into downtown’s Renaissance Albany will bring needed improvements to the 203 room, 180,000 sq. ft. Renaissance by Marriot hotel’s public spaces and rooms. The planned renovation will allow the hotel to
- [New Warehouse District Headquarters Opens For Albany Running Exchange, ARE Event Productions](https://capitalizealbany.com/news-events/2023/07/new-warehouse-district-headquarters-opens-for-albany-running-exchange-are-event-productions/) - Today, ARE Event Productions and its Albany Running Exchange held a ribbon cutting ceremony including a "Break The Tape 5K Run," celebrating its new headquarters location at 1028 Broadway in Albany's warehouse district. ARE’s move to its new headquarters comes following an extensive $1 million renovation made possible through the City of Albany’s American Rescue
- [Fidens Brewing Opens First Taproom In Albany, Welcomed To The Warehouse District](https://capitalizealbany.com/news-events/2023/08/fidens-brewing-opens-first-taproom-in-albany-welcomed-to-the-warehouse-district/) - Fidens Brewing today opened its new, and first, 11,000 sq. ft. taproom located in Albany’s warehouse district at 897 Broadway, restaurant space which is next to Wolff's Biergarten and across from The Copper Crow. View this post on Instagram
- [Update: Local CFA Webinar, Workshops | REDC Initiative Round XIII CFA Process ](https://capitalizealbany.com/news-events/2023/06/regional-economic-development-councils-initiative-round-xiii-cfa-process/) - Join Empire State Development and Capitalize Albany Corporation for an upcoming CFA Workshop to learn more about available resources and the application process. Please register at the links below: June 6, 2023 at 2:00PM (virtual) June 20, 2023 at 2:00PM at Albany Public Library, Arbor Hill/West Hill Branch – Large Meeting Room June 22, 2023
- [$8.1 Million Investment To Convert and Expand Vacant Downtown Office Building Into Mixed-Use Multifamily Residential](https://capitalizealbany.com/news-events/2023/08/8-1-million-investment-to-convert-and-expand-vacant-downtown-office-building-into-mixed-use-multifamily-residential/) - View Press Release Jankow Companies will soon begin construction on its first downtown Albany multifamily residential project. Two additional floors will be added to the vacant 21,000 sq. ft. three-story office building located at 48 North Pearl St. transforming the property into five stories featuring 20 apartment units and 14,000 sq. ft. of retail space.
- [Thirty-Seven City of Albany Small Businesses and Nonprofits Receive more than $600,000 in Building Improvement Grants](https://capitalizealbany.com/news-events/2023/06/thirty-seven-city-of-albany-small-businesses-and-nonprofits-receive-more-than-600000-in-building-improvement-grants/) - Through City of Albany American Rescue Plan Act Efforts, Capitalize Albany Awards Flexible, Reimbursement Grants for Investments that Support Ongoing Post-Covid Recovery Efforts View Press Release, Project Awards Information Here Following a highly competitive and thorough application and review process, $635,000 in Small Business Building Improvement Grant Program (BIG) awards were announced today, 11 a.m.
- [New Capital Walls Mural at The Yard in Albany Highlights Local Botany Native to the Capital Region](https://capitalizealbany.com/news-events/2023/06/new-capital-walls-mural-at-the-yard-in-albany-highlights-local-botany-native-to-the-capital-region/) - Downtown’s public art has just grown by more than 277-square-feet with the new addition of Capital Walls' 20th mural by artist Juliana Haliti. It's located on the main wall of The Yard Hatchet House & Bar between Chapel St and Sheridan Ave, the mural was funded by Leyla Kiosse, President of The Yard Hatchet House
- [518 Black Restaurant Week in Albany The Week of Juneteenth](https://capitalizealbany.com/news-events/2023/06/518-black-restaurant-week-in-albany-the-week-of-juneteenth/) - Declared by the Albany Common Council, 518 Black Restaurant Week is going to be getting underway in Albany the week of June 19, featuring a number of City of Albany restaurants. Made possible in part with support from Capitalize Albany's Amplify Albany grant program - it's part of a nationwide invitation to support Black-owned restaurants
- [First Capital Walls Mural of 2023 In Progress](https://capitalizealbany.com/news-events/2023/05/first-capital-walls-mural-of-2023-in-progress/) - New Capital Walls Mural Highlights Local Botany Native to the Capital Region Downtown’s public art is in the works to grow by more than 277-square-feet with the planned addition of a Capital Walls mural by artist Juliana Haliti. Located on the main wall of The Yard Hatchet House & Bar between Chapel St and Sheridan
- [Preparing 100 Acres At The Port of Albany For First U.S. Offshore Wind Manufacturing Facility](https://capitalizealbany.com/news-events/2023/05/preparing-100-acres-at-the-port-of-albany-for-first-u-s-offshore-wind-manufacturing-facility/) - Incredible progress is taking shape at the Port of Albany’s expansion site — preparing 100 acres for the first offshore wind tower manufacturing facility in the U.S. The Capitalize Albany team joined Port officials, Albany Mayor Kathy Sheehan and members of the City of Albany's Neighborhood Community Services team, for a tour of the APDC
- [Construction Started On New Corporate Circle Warehouse and Distribution Facility](https://capitalizealbany.com/news-events/2023/04/construction-started-on-new-corporate-circle-warehouse-and-distribution-facility/) - 75,000 Sq. Ft. Warehouse and Distribution Facility To Be Constructed Supporting More Than 70 Construction and Permanent Jobs A 75,000 sq. ft. warehouse building will be constructed at 38-42 Corporate Circle off New Karner Road. It’s planned to be leased to entertainment and pop-culture merchandise retailer FYE serving as a manufacturing and distribution facility. Project
- [Ribbon Cutting Put On Hold By Pandemic, El Rey Mexitalia Today Celebrated Two Years In Business](https://capitalizealbany.com/news-events/2023/04/ribbon-cutting-put-on-hold-by-pandemic-el-rey-mexitalia-today-celebrated-two-years-in-business/) - After being open for just over two years, starting up during the middle of the pandemic, the three co-owners today celebrated the restaurant’s opening, and now its planned growth in the future with the community. An overdue ribbon cutting ceremony and official grand opening event was held at 11 a.m. to celebrate the restaurant’s 2nd
- [Capitalize Albany Breaks Ground On Clinton Market Collective Construction](https://capitalizealbany.com/news-events/2023/04/capitalize-albany-breaks-ground-on-clinton-market-collective-construction/) - Clinton Square DRI Project to Reimagine Key City Gateway, Strengthen Neighborhood Connectivity, and Create Proving Ground for Pop Up Businesses, Events and Programming View Press Release: Announcement By Governor Kathy Hochul Capitalize Albany Corporation and Clinton Market Collective project partners broke ground at 11 Clinton Ave. today marking the start of Clinton Market Collective’s construction.
- [ACES And Community Loan Fund Break Ground On New ACES Incubator Expansion](https://capitalizealbany.com/news-events/2023/04/aces-and-community-loan-fund-break-ground-on-new-aces-incubator-expansion/) - At 255 Orange Street today, the Community Loan Fund officially broke ground on its Albany Center For Economic Success (ACES) Incubator Expansion Project. This state-of-the-art facility will feature co-working space for eight, a designated training and technical assistance room for clients of the Community Loan Fund, as well as a drop-in daycare center for visitors
- [Clinton Market Collective Construction Getting Underway](https://capitalizealbany.com/news-events/2023/03/clinton-market-collective-construction-getting-underway/) - Clinton Square DRI Clinton Market Collective Project to Reimagine Key City Gateway, Strengthen Neighborhood Connectivity, and Create Proving Ground for Pop Up Businesses, Events and Programming Clinton Market Collective construction is starting, preliminary site work is getting underway and fencing will soon be constructed around the site’s perimeter. Directly across from the new Skyway, the
- [$11.2 Million Investment To Bring Additional New Warehouse Space Online In Albany](https://capitalizealbany.com/news-events/2023/03/11-2-million-investment-to-bring-additional-new-warehouse-space-online-in-albany/) - Press release available here. 75,000 Sq. Ft. Warehouse and Distribution Facility To Be Constructed Supporting More Than 70 Construction and Permanent Jobs A 75,000 sq. ft. warehouse building will be constructed at 38-42 Corporate Circle off New Karner Road. It’s planned to be leased to entertainment and pop-culture merchandise retailer FYE serving as a manufacturing
- [#AlbanyIsAllBiz For Far Shot Recreation](https://capitalizealbany.com/news-events/2022/12/albanyisallbiz-for-far-shot-recreation/) - Benn MacDonald is an unabashed downtown Albany booster. “I love the skyline; I love The Egg; I love everything about it,” the president of Far Shot Recreation, which operates a series of axe and knife throwing and archery facilities in the Northeast- including one that opened at 69 N. Pearl St. in 2019. MacDonald, who
- [#AlbanyIsAllBiz For El Rey Mexitalia, Celebrating Two Years In Business](https://capitalizealbany.com/news-events/2023/03/albanyisallbiz-for-el-rey-mexitalia-celebrating-two-years-in-business/) - After more than a decade of honing their skills and building their savings, friends Jesus Vazquez, Francisco Hernandez and Armando Hernandez decided to pursue a concept they had been dreaming up and opened their Mexican-Italian restaurant January 25, 2021 — El Rey Mexitalia. “When we first opened, each of us were putting in about seventy
- [Small Business Building Improvement Grants Now Available as New Program Application Process Opens](https://capitalizealbany.com/news-events/2023/01/up-to-750000-in-small-business-building-improvement-grants-now-available-as-new-program-application-process-opens/) - City of Albany and Capitalize Albany Launch New Program With Flexible, Reimbursement Grants To Support Ongoing Post-Covid Recovery Efforts Full Program Details: www.CapitalizeAlbany.com/Grants View this post on Instagram A post shared by Capitalize Albany Corporation (@capalbanycorp)
- [#DowntownWorks For Far Shot Recreation](https://capitalizealbany.com/news-events/2022/12/downtownworks-for-far-shot-recreation/) - Benn MacDonald is an unabashed downtown Albany booster. “I love the skyline; I love The Egg; I love everything about it,” the president of Far Shot Recreation, which operates a series of axe and knife throwing and archery facilities in the Northeast- including one that opened at 69 N. Pearl St. in 2019. MacDonald, who
- [South End Grocery Now Open](https://capitalizealbany.com/news-events/2022/12/south-end-grocery-now-open/) - The South End Grocery is Located at 106 South Pearl Street The South End Grocery Coalition led by BlueLight Development Group and The African American Cultural Center of the Capital Region invited the Capital Region community to the grand opening of The South End Grocery on Tuesday. The opening marked one year after successfully purchasing
- [Central Warehouse Redevelopment Awarded $9.75 Million Through First Round Of The Restore New York Communities Initiative](https://capitalizealbany.com/news-events/2022/12/central-warehouse-redevelopment-awarded-9-75-million-through-first-round-of-the-restore-new-york-communities-initiative/) - View this post on Instagram A post shared by Capitalize Albany Corporation (@capalbanycorp) Governor Kathy Hochul Announced Today Albany’s $9.75 Million Special Project Award View Announcement Press Release Led through a partnership between development team Redburn Development
- [Guidelines Available Now For New Small Business Building Improvement Grant Program, Launches In January](https://capitalizealbany.com/news-events/2022/12/guidelines-available-now-for-new-small-business-building-improvement-grant-program-launches-in-january/) - Up To $750,000 In Reimbursable Building Improvement Grants To Support Ongoing Post-Covid Recovery Efforts Will Be Available; Applications Open Starting Early January Program guidelines for Capitalize Albany’s new Small Business Building Improvement Grant (BIG) Program are available to review in advance of opening the program to applicants in early January. Click Here To View Program
- [$3.25 Million New Construction Multifamily Residential Project Completed at 191 North Pearl Street](https://capitalizealbany.com/news-events/2022/10/3-25-million-new-construction-multifamily-residential-project-completed-at-191-north-pearl-street/) - Investment Transforms Vacant Lot, Boosts Revenue to Local Taxing Jurisdictions, Strengthens Neighborhood Connectivity, and Creates 18 New Apartments View Announcement Press Release Here Local officials and community members today joined developers Ron Stein and Pete Tryon and their development team comprised of BSNB, Franco Construction and C2 Design, in cutting the ribbon on the latest
- [RSVP | Building For Tomorrow 2022](https://capitalizealbany.com/news-events/2022/11/rsvp-building-for-tomorrow-2022/) - An annual event, Building For Tomorrow will be hosted this year in downtown Albany at Empire Live, which recently celebrated its one-year anniversary in the City of Albany. It's one of several new establishments coming to downtown as part of Redburn Development's $100 million+ investment. Enjoy networking, refreshments, and a look at the new investment
- [#AlbanyIsAllBiz | Bard & Baker Celebrating One-Year Anniversary In Albany This Month](https://capitalizealbany.com/news-events/2022/10/albanyisallbiz-bard-baker-celebrating-one-year-anniversary-in-albany-this-month/) - In times of old, a bard was a traveling entertainer who composed and recited epic poems, often while accompanying themselves on a harp or lyre, entertaining audiences with tales of heroism and derring-do. That tradition resonated with Charlotte Guyton, who has built a career in the hospitality industry, and is the owner and general manager
- [Refinancing of Tax-Exempt Bonds Through City Of Albany Capital Resource Corporation To Support Albany College of Pharmacy And Health Sciences](https://capitalizealbany.com/news-events/2022/10/refinancing-of-tax-exempt-bonds-through-city-of-albany-capital-resource-corporation-to-support-albany-college-of-pharmacy-and-health-sciences/) - View Announcement Press Release The refinancing of the Albany College of Pharmacy and Health Sciences’ (ACPHS) previously issued 2007A and 2008A tax-exempt bonds will in part support the institution in taking ownership of student housing facilities which were projects supported by the initial bonds issued. This will create administrative efficiencies and support savings, allowing ACPHS
- [Clinton Market Collective Construction Bid Opportunity: Information For Contractors And Trade Experts](https://capitalizealbany.com/news-events/2022/09/clinton-market-collective-construction-bid-opportunity-information-for-contractors-and-trade-experts/) - Update 9/29/22: Interested bidders, please click here to review Addendum #1 and note the below due date has been updated. Capitalize Albany Corporation is now seeking bids for construction of its Clinton Market Collective project. TW&A Construction Management, a New York State Women-Owned Business (WBE) is serving as the construction manager for the project. Construction
- [Survey & Public Workshop: Help Bring $10 Million To South Pearl Street](https://capitalizealbany.com/news-events/2022/08/survey-public-workshop-help-bring-10-million-to-south-pearl-street/) - The City of Albany is preparing to put forward an application for South Pearl to compete in the sixth round of the New York State Downtown Revitalization Initiative (DRI). The City of Albany would like your participation in creating the strongest application possible. Please attend a community workshop on September 6th from 6:00 - 7:30 p.m. at the
- [Downtown Entertainment Destination Empire Live Celebrates One-Year Anniversary](https://capitalizealbany.com/news-events/2022/08/downtown-entertainment-destination-empire-live-celebrates-one-year-anniversary/) - A celebration for event venues Empire Live and Empire Underground one year in the making was held at the 93 N. Pearl Street entertainment destination. Indie band The Cold War Kids opened Empire Live on August 26, 2021, with 700 attendees. Since opening approximately 60,000 people have come downtown to Empire Live and Empire Underground
- [#AlbanyIsAllBiz | European Tailoring And Alterations Has A New Owner, Finding New Ways To Boost Business](https://capitalizealbany.com/news-events/2022/08/albanyisallbiz-european-tailoring-and-alterations-has-a-new-owner-finding-new-ways-to-boost-business/) - Like a lot of people, Mo Rabiu hit a professional wall during the pandemic. Working from home in her finance job left the eight-year Albany resident feeling tired and uninspired. She needed a change. But unlike others who retied early or quit in favor of a more attractive position, Rabiu went in a different direction
- [#AmplifyAlbany | ALBANY CENTER GALLERY UNVEILS EXPANSION WITH NEW VIBRANT ARTIST SPACE 'ART.WORK.SPACE.'](https://capitalizealbany.com/news-events/2022/08/amplifyalbany-albany-center-gallery-unveils-expansion-with-new-vibrant-artist-space-art-work-space/) - With support from the Amplify Albany grant program Albany Center Gallery unveiled its new workshop and artist space: Art.Work.Space Friday evening followed by an artist reception event which attracted hundreds to downtown's central business district. The new workspace will be used to display youth and community artwork, host programming events, as well as operate as
- [New 'Summer On Central' Concert Series Is Set To #AmplifyAlbany In August](https://capitalizealbany.com/news-events/2022/07/new-summer-on-central-concert-series-is-set-to-amplifyalbany-in-august/) - The Linda: WAMC’s Performing Arts Studio is hosting live entertainment outside this summer for the inaugural “Summer on Central” concert series, taking place Saturdays in August in The Linda’s parking lot at 339 Central Avenue. Anticipating attracting hundreds to the series' events, Central Avenue Business Improvement Disrict and sorrounding neighborhoods, the Amplify Albany grant program
- [#AlbanyIsAllBiz | 200 Lark Street Transformed To Experiential Cocktail Lounge Where "Every Detail Is Curated"](https://capitalizealbany.com/news-events/2022/07/albanyisallbiz-200-lark-street-transformed-to-experiential-cocktail-lounge-where-every-detail-is-curated/) - Over the past two decades, the basement space at 200 Lark St. has been home to almost half a dozen businesses. But a few things have remained constant – its grotto-like atmosphere and its use as a wine bar, restaurant, or some combination of the two. The latest business to set up shop at 200
- [Local Online Workshop On The REDC Round XII CFA Process ](https://capitalizealbany.com/news-events/2022/06/local-online-workshop-on-the-redc-round-xii-cfa-process/) - Empire State Development and Capitalize Albany Corporation hosted a virtual CFA Workshop to provide an overview of available resources and the application process Thursday, June 9th at 4 p.m.  Local 2022 REDC CFA Process In May Governor Kathy Hochul announced the opening of the Regional Economic Development Councils Round XII consolidated funding application
- [William Street investments add color and light to Downtown pedestrian space](https://capitalizealbany.com/news-events/2022/06/william-street-investments-add-color-and-light-to-downtown-pedestrian-space/) - Significant investments made to the William Street pedestrian walkway was celebrated today with a ribbon cutting ceremony followed by a grand opening event. Updates to William Street - located one block west of S Pearl Street between Beaver & Howard Streets, and adjacent to the MVP Arena - include new overhead lighting, colorful street furniture,
- [$8.9 Million Investment To Transform Vacant 44,000 Square-Foot Office Building To Mixed-Use Multifamily Residential](https://capitalizealbany.com/news-events/2022/06/8-9-million-investment-to-transform-vacant-44000-square-foot-office-building-to-mixed-use-multifamily-residential/) - Redevelopment of underutilized office building neighboring downtown, into market-rate apartments and commercial retail space View Press Release A mixed-use development project located at the corner of Swan and State streets, 90 South Swan Street, will convert and activate vacant office space, create 61 multifamily apartment units, bring new revenue to local taxing jurisdictions, support at
- [Update: 2022 REDC Round XII CFA Process](https://capitalizealbany.com/news-events/2022/05/update-2022-redc-round-xii-cfa-process/) - Earlier in May Governor Kathy Hochul announced the opening of the Regional Economic Development Councils Round XII consolidated funding application (CFA) process. The application portal is now open and Capitalize Albany staff is available to assist applicants located within the City of Albany. Corporation staff will coordinate requests for letters of support from the Mayor and resolutions from
- [Groundbreaking At 745 Broadway, $22.7 Million Mixed-Use Development Set To Strengthen Neighborhood Connectivity](https://capitalizealbany.com/news-events/2022/05/groundbreaking-at-745-broadway-22-7-million-mixed-use-development-set-to-strengthen-neighborhood-connectivity/) - The start of construction was celebrated at 745 Broadway in downtown Thursday. Rosenblum Companies' new $22+ million mixed-use development will strengthen neighborhood connectivity between downtown, Clinton Square and the warehouse district, while also tripling revenue to local taxing jurisdictions anticipated without the new investment. It was unveiled the building's name will be Industrie.
- [Iconic Warehouse At Huck Finn Has A New Name, Commercial Tenants Announced As Part Of $65 Million+ Transformational Warehouse District Redburn Development Project](https://capitalizealbany.com/news-events/2022/05/iconic-warehouse-at-huck-finn-has-a-new-name-commercial-tenants-announced-as-part-of-65-million-transformational-warehouse-district-redburn-development-project/) - Following completion of its more than $80 million in new downtown investment, Redburn Development Partners is progressing its historic renovations as part of more than $80 million of investment in Albany's warehouse district. Work is underway at its $17.9 million 413 North Pearl Street major mixed-use redevelopment and $65 million transformation of local landmark, The
- [Travel Inspires Bringing Design-Forward Slow Fashion Back Home at Rom Shop](https://capitalizealbany.com/news-events/2022/05/travel-inspires-bringing-design-forward-slow-fashion-back-home-at-rom-shop/) - East Greenbush natives Allyson and Whitney Smith travel a lot for work. They’ve been on the road for years, handling artist, tour, and merchandise management for a variety of musicians. Being away from home has been exciting and eye-opening, Allyson Smith said, but it also helped solidify the 28-year-old identical twins’ love for the Capital
- [$4.9 Million Investment To Transform Vacant Lark Street Property And Construct New Multi-Family Residential Apartments](https://capitalizealbany.com/news-events/2022/05/4-9-million-investment-to-transform-vacant-lark-street-property-and-construct-new-multi-family-residential-apartments/) - New Construction Of 40-Unit Workforce Housing Market-Rate Apartment Complex To Create At Least 165 Construction Jobs And Bring $1.2 Million Additional Revenue To Local Taxing Jurisdictions View Announcement Press Release A new construction multi-family residential project located at 16-20 Morris Street and 353 Lark Street will transform the vacant and largely tax-exempt site, bring new
- [Live Music, Vendors And A Virtual Sneak Peek At The Future Clinton Market As Part of Downtown Employee Appreciation Week](https://capitalizealbany.com/news-events/2022/05/live-music-vendors-and-a-virtual-sneak-peek-at-the-future-clinton-market-as-part-of-downtown-employee-appreciation-week/) - Immersive Views Provide Sneak Peek at Reimagined ‘Federal Park' To Strengthen Neighborhood Connectivity and Create A More Retail, Pop-Up, and Event-Friendly Space Exciting day @ the future home of Clinton Market. Sharing a sneak peek at its final design & joining @AlbanyBID for its lineup of Employee Appreciation Week events. Great turnout w/support from
- [Castle Island Bilingual Montessori School officially opens with Feria de Español event](https://capitalizealbany.com/news-events/2022/05/castle-island-bilingual-montessori-school-officially-opens-with-feria-de-espanol-event/) - Castle Island Bilingual Montessori school celebrated the official grand opening for its new downtown Albany location at 602 Broadway on Thursday. The move to the new location, part of Redburn Development's $80+ million investment downtown offered the school updated facilities, the ability to open more programming to the community, and easy access to student recreation
- [Celebrating Economic Development Week 2022](https://capitalizealbany.com/news-events/2022/05/celebrating-economic-development-week-2022/) - In observance of Economic Development Week, Capitalize Albany is joining the conversation online with other professionals and communities across the country. The week-long initiative was created by the International Economic Development Council. Economic Development Week recognizes the work of field professionals, community organizations and leaders to raise awareness about the impact from initiatives and programs improving quality of
- [Skyway Is Open To Explore, From Concept To Elevated Linear-Park And Destination](https://capitalizealbany.com/news-events/2022/04/skyway-is-open-to-explore-from-concept-to-elevated-linear-park-and-destination/) - Atop the Skyway Friday afternoon Governor Kathy Hochul announced the Region’s newest attraction and riverfront connection was officially opened for use. Albany’s .5-mile transformational elevated-linear park is open to explore. This transformational project resulted in converting the underutilized I-787 northbound exit ramp from Quay Street to Clinton Avenue — into the Region’s first and only
- [#AlbanyIsAllBiz | Welcoming The Vandy Thrift Shoppe To Downtown](https://capitalizealbany.com/news-events/2022/05/albanyisallbiz-welcoming-the-vandy-thrift-shoppe-to-downtown/) - For close to two centuries, Vanderheyden has relied on community contributions to assist in its mission of caring for children with special developmental, emotional, and behavioral needs, enabling the organization to provide kids and their families with a wide range of support and services. Those contributions come in many forms including funding, volunteer hours, and
- [Newest Storefront To Open Bringing More Vibrancy, The Vandy Thrift Shoppe Is Welcomed To Downtown](https://capitalizealbany.com/news-events/2022/04/newest-storefront-to-open-bringing-more-vibrancy-the-vandy-thrift-shoppe-is-welcomed-to-downtown/) - Supporting Impact Downtown Plan implementation, a thrift store was identified specifically as a possible key storefront that would complement downtown’s retail landscape. Made possible in part thanks to the vision of longtime Vanderheyden supporter and downtown resident Tracy Metzger, The Vandy Thrift Shoppe at 412 Broadway was officially welcomed to downtown Albany today. The Vandy
- [Invest In Capitalize Albany](https://capitalizealbany.com/news-events/2022/04/join-twill-for-their-grand-opening-celebration/) - Capitalize Albany Corporation Investors By becoming an investor of Capitalize Albany Corporation, you will be part of an organization that has been attracting investment, promoting business, and growing jobs within Albany, NY for more than 40 years. Click below for payment and registration. Capitalize Albany Corporation is a registered 501(c) (3) not-for-profit organization. As such,
- [Ducky's Brings Carefully Curated Vintage Clothing To Madison Ave](https://capitalizealbany.com/news-events/2022/03/duckys-brings-carefully-curated-vintage-clothing-to-madison-ave/) - To Ryan Phillips, clothing can be many things – functional, artistic, a means of expression, a personal statement. “I grew up appreciating style and the way it can be used, and how materials and items can be used,” Phillips said. “I always collected clothes and appreciated style, not fashion, how people express themselves and carry
- [Expanding Operations Throughout The Pandemic, The Yard Officially Celebrates Its Opening In March 2022](https://capitalizealbany.com/news-events/2022/03/expanding-operations-throughout-the-pandemic-the-yard-officially-celebrates-its-opening-in-march-2022/) - A grand opening ribbon cutting ceremony two years in the making was held today at The Yard | Hatchet House & Bar in downtown Albany. The celebration comes two years after the doors to the axe-throwing and indoor yard game destination briefly swung open in March 2020. A lawyer by trade, Kiosse’s chosen field didn’t
- [#DowntownWorks For Albany Stadium Restaurant & Bar](https://capitalizealbany.com/news-events/2022/02/downtownworks-for-albany-stadium-restaurant-bar/) - For years, James Anilowski and Wendi Enright operated their business, Tech Forward, Inc., a digital sign, and network IT company, out of a commercial space in what is now the MVP Arena and watched it evolve over time. They felt strongly that the facility’s restaurant space, which has gone through a number of incarnations over
- [Vermont creperie opens first New York location in downtown Albany](https://capitalizealbany.com/news-events/2022/03/vermont-creperie-opens-first-new-york-location-in-downtown-albany/) - Welcoming, The Skinny Pancake A mission-driven eatery focused on serving local food was welcomed to downtown Albany. The opening of the downtown location, the company’s first in New York, comes nearly 20 years after The Skinny Pancake started as a food truck that brothers Benjy and Jonny Adler constructed themselves. Opening inside the Kenmore Building, the
- [Featuring Indian and Chinese Dishes, The Mughal Palace Is Welcomed To Albany](https://capitalizealbany.com/news-events/2022/01/featuring-indian-and-chinese-dishes-the-mughal-palace-is-welcomed-to-albany/) - A ribbon-cutting ceremony was held to celebrate the opening of The Mughal Palace, a casual Indian cuisine restaurant at 138 Washington Ave. A new addition to #Albany's restaurant landscape, The Mughal Palace was welcomed to Albany today. Mughal Palace owner Tahir Mahmood has been engaged in his self-described “passion” for cooking for close to five
- [Albany Stadium Restaurant & Bar Open At MVP Arena](https://capitalizealbany.com/news-events/2022/02/albany-stadium-bar-open-at-mvp-arena/) - Albany's All Business It’s fitting that the new restaurant located inside the MVP Arena, home and host to all manner of athletic competitions, has its roots in a relationship forged over tennis. James Anilowski and Wendi Enright, owners of the recently opened Albany Stadium Restaurant & Bar at 51 S. Pearl St., met years ago
- [Albany Is All Business](https://capitalizealbany.com/news-events/2022/02/albany-is-all-business/) - Stay up to date on our news feed, Albany's All Business. After two years of challenges – from COVID restrictions to labor shortages and supply chain delays – Albany’s businesses have retooled, reimagined, and reopened. From new enterprises to long-standing old favorites, exciting things are happening all over the Capital City. This series will spotlight
- [Clinton Market Collective Construction Bid Opportunity, Information for Contractors, Trade Experts](https://capitalizealbany.com/news-events/2022/01/cmcconstructionbidopportunity/) - Capitalize Albany Corporation is now seeking bids for construction of its Clinton Market Collective project. TW&A Construction Management, a New York State Women-Owned Business (WBE) is serving as the construction manager for the project. Construction bids for the Clinton Market Collective will be due at 2:00 P.M. on Friday January 21, 2022. Bids received after
- [Capitalize Albany Launches Neighborhood Retail Grant Program and More Than $300,000 to Support Retail, Business Growth In Albany](https://capitalizealbany.com/news-events/2022/01/capitalize-albany-launches-neighborhood-retail-grant-program-and-more-than-300000-to-support-retail-business-growth-in-albany/) - Four Programs In 2022 Aimed at Attracting Retail Tenants, Reinvestment and Façade Rehabilitation, Driving Foot Traffic to Commercial Districts Announcement's Press Release Available, Here Informational PDF Flier Available Below and Here The City of Albany’s economic development organization Capitalize Albany Corporation announced today the launch of its grant programs available for 2022 including a new
- [$65 Million Investment To Transform Iconic Albany Warehouse, Development of Distinctive Mixed-Use Project](https://capitalizealbany.com/news-events/2021/12/65-million-investment-to-transform-iconic-albany-warehouse-development-of-distinctive-mixed-use-project/) - Redburn Development Will Renovate The Historic Huck Finn’s, Creating 260 Market-Rate Apartments With Indoor & Outdoor Amenities, 48,000 Square Feet Of Commercial Space Announcement's press release, here Redburn Development Partners is moving forward with a project that will further strengthen the City’s growing warehouse district, transforming a downtown landmark – The Warehouse at Huck Finn
- [Projects In City of Albany Receive $9.3 Million from Regional Economic Development Council (REDC) Initiative Round XI](https://capitalizealbany.com/news-events/2021/12/projects-in-city-of-albany-receive-9-3-million-from-regional-economic-development-council-redc-initiative-round-xi/) - The New York State Regional Economic Development Council (REDC) initiative awarded projects announced Tuesday will support new investment and activity in the City of Albany, projects in Albany were awarded $9.3 million ($9,317,100). Overall, the Capital Region was awarded a total of $48.4 million in funding for 79 projects. Of these 79 projects, 12 directly
- [Capitalize Albany Unveils Final Designs for Clinton Market](https://capitalizealbany.com/news-events/2021/12/capitalize-albany-unveils-final-designs-for-clinton-market/) - Immersive Views Provide Sneak Peek at Reimagined ‘Federal Park’ for 2022 Construction to Strengthen Neighborhood Connectivity and Create A More Retail, Pop-Up, and Event-Friendly Space Announcement's press release available, here. As part of its display at 11 Clinton Ave. Capitalize Albany Corporation unveiled final designs for its Clinton Market Collective project based on feedback from
- [Introducing #1GreatThingALB](https://capitalizealbany.com/news-events/2021/12/introducing-1greatthingalb/) - It goes without saying that we here at Capitalize Albany (@CapAlbanyCorp) are big fans of this city and all it has to offer. The future of Albany is bright and full of opportunity. So many amazing things are happening here, but not all of them get the attention they need and deserve. Each of us experiences
- [#BuildingAlb2021: Five Questions With Home Leasing CEO Bret Garwood](https://capitalizealbany.com/news-events/2021/12/buildingalb2021-five-questions-with-home-leasing-ceo-bret-garwood/) - Q: What attracted Home Leasing to Albany? A: We have a history of doing a lot of work in Rochester and as a company we wanted to expand, and Albany was really interesting. One of the things we like to focus on is real community-based projects that won’t just create affordable housing but accomplish more
- [Park South Neighborhood Welcomes Morris Place Apartments](https://capitalizealbany.com/news-events/2021/11/park-south-neighborhood-welcomes-morris-place-apartments/) - $5.3 Million Project Completion Marks Distinct Milestone For Neighborhood’s Ongoing Transformation, Revitalization View announcement's press release here. The Park South Neighborhood crossed another critical milestone welcoming Morris Place Apartments, a new 28-unit, five-story multifamily apartment building at 105 Morris St. — a key component of the area’s successful Urban Renewal Plan implementation: https://t.co/eAioDtio6b pic.twitter.com/Zs18DQxDM2 —
- [The Rise | Pine Hills Apartments, Welcomed To Albany Fully Leased](https://capitalizealbany.com/news-events/2021/10/the-rise-pine-hills-apartments-welcomed-to-albany-fully-leased/) - The Rise | Pine Hills Apartments, welcomed to #Albany's Pine Hills — with building demand its 110 apts. are fully leased — a $16M investment, generating millions in additional revenue for taxing jurisdictions and bringing new neighborhood amenities... https://t.co/diyiw4Xbat pic.twitter.com/JEgsHvEwup — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) October 29, 2021 Reinvesting $16.2 million into the former site of
- [Back To Business: The Kenmore Ballroom](https://capitalizealbany.com/news-events/2021/10/back-to-business-the-kenmore-ballroom/) - Though she grew up in Massachusetts and California, Katie O’Malley Maloney has long-standing ties to Albany. In 1998 – then just Katie O’Malley - she was crowned the City’s 50th anniversary Tulip Queen, an experience she says taught her how to be a better leader and left her with a sense of responsibility to make
- [$12.1 Million Investment To Strengthen Neighborhood Connectivity](https://capitalizealbany.com/news-events/2021/10/12-1-million-investment-to-strengthen-neighborhood-connectivity/) - New Construction Of 60 Unit Market-Rate Apartment Complex To Create At Least 115 Construction Jobs And Bring $3.2 Million Additional Revenue To Local Taxing Jurisdictions View announcement's press release A new construction market-rate multi-family residential project located at 25 Holland Ave. near the intersection of Delaware and Holland avenues will transform the 1.2-acre vacant site.
- [Refinancing Of Civic Facility Revenue Bonds Through City Of Albany Capital Resource Corporation To Support Brighter Choice Elementary Charter Schools](https://capitalizealbany.com/news-events/2021/10/refinancing-of-civic-facility-revenue-bonds-through-city-of-albany-capital-resource-corporation-to-support-brighter-choice-elementary-charter-schools/) - View announcement's press release With interest rates currently more favorable, the refinancing of the Brighter Choice Elementary Charter School’s previously issued tax-exempt civic facility revenue bonds will save the college $168,000 annually and allow the school to further reinvest and support the retention of its 54 existing employees. Located at 250 Central Ave., since 2005
- [RFP: Construction Management Services For Clinton Market Collective Project](https://capitalizealbany.com/news-events/2021/07/rfp-construction-management-services-for-clinton-market-collective-project/) - Capitalize Albany Corporation is seeking proposals from qualified construction managers to provide construction management services in connection with the construction of an innovative open space with amenities and concessions along Clinton Avenue in Downtown Albany, New York that is expected to go into construction in 2022. Proposals from respondents seeking to bid on and/or self-perform
- [#DowntownWorks For The Blake Annex](https://capitalizealbany.com/news-events/2021/10/downtownworks-for-the-blake-annex/) - Coworking spaces – like so many businesses – had a scare at the start of the coronavirus pandemic when all but essential industries were shuttered for a time in an effort to curb the spread of COVID-19. But the founders of The Blake Annex, which occupies 25,000 square feet of space in the Kenmore Building
- [Refinancing of Tax-Exempt Revenue Bonds Through City Of Albany Capital Resource Corporation To Support The College of Saint Rose](https://capitalizealbany.com/news-events/2021/09/refinancing-of-tax-exempt-revenue-bonds-through-city-of-albany-capital-resource-corporation-to-support-the-college-of-saint-rose/) - View Announcement Press Release With interest rates currently more favorable, the refinancing of the College of Saint Rose’s previously issued tax-exempt revenue bonds will save the college approximately $950,000 annually and allow the institution to further reinvest and support the retention of its 597 existing employees. The College of Saint Rose has been a part
- [$80 Million Investment At 1415 Washington Avenue To Construct 240-Unit Student Housing Complex](https://capitalizealbany.com/news-events/2021/09/80-million-investment-at-1415-washington-avenue-to-construct-240-unit-student-housing-complex/) - Project to generate $85 million economic impact during construction and bring additional $4.2 million to local taxing jurisdictions View Announcement Press Release Supporting Albany’s world-class higher education institutions and complementing recent investment along Washington Avenue this significant $80 million investment will demolish the 2.85-acre site’s vacant hotel and construct a new five-story student housing complex
- [Kenmore Ballroom Welcomed To Downtown](https://capitalizealbany.com/news-events/2021/09/kenmore-ballroom-welcomed-to-downtown/) - Read the announcement press release here. An historic event venue, the Rain-Bo Room, is now reimagined. With owners Katie O’Malley Maloney and Nate Maloney, the Kenmore Ballroom was welcomed to downtown Albany today. Recognizing the opening and reimagining of this historic space following Redburn Development's $36M investment in 76 N. Pearl St., the Kenmore Ballroom
- [DeFazio's Pizzeria at Albany Distilling Now Open](https://capitalizealbany.com/news-events/2021/09/defazios-pizzeria-at-albany-distilling-now-open/) - Photo by Kiki Vassilakis DeFazio's Pizzeria's new location at Albany Distilling Co., DeFazio's x ADCo, opened Sept. 3. Located at 75 Livingston Ave., between Broadway and North Pearl Street and theREP's nearby newly opened space, DeFazio's is welcomed to ADCo as the evolving district's latest attraction. Albany Distilling expanded into the space in 2018 following a $1 million renovation supported in
- [Tell Us About Your Albany: Be A Part Of #1GreatThingALB On Social Media](https://capitalizealbany.com/news-events/2021/09/tell-us-about-your-albany-be-a-part-of-1greatthingalb-on-social-media/) - #1GreatThingALB Social Media Campaign It goes without saying that we here at Capitalize Albany (@CapAlbanyCorp) are big fans of this City and all it has to offer. The future of our City is bright and full of opportunity. So many amazing things are happening here, but not all of them get the attention they need
- [New $2.35 Million Downtown Residential Construction At  191 North Pearl Street](https://capitalizealbany.com/news-events/2021/08/new-2-35-million-downtown-residential-construction-at-191-north-pearl-street/) - Project to fill vacant lot and enhance connectivity between Downtown, Arbor Hill, Clinton Square and Albany’s Warehouse District Press Release Available Here A new construction multi-family residential project located at 191 North Pearl St. will transform this vacant property, bring new revenue to Albany’s taxing jurisdictions, create at least 150 construction jobs, and add 18
- [$6.7 Million Investment To Transform Vacant Besch Avenue/Holland Avenue Property And Strengthen Neighborhood Connectivity, Walkability](https://capitalizealbany.com/news-events/2021/08/6-7-million-investment-to-transform-vacant-besch-avenue-holland-avenue-property-and-strengthen-neighborhood-connectivity-walkability/) - New Construction Of 39 Unit Market-Rate Apartment Complex To Create At Least 260 Construction Jobs And Bring $1.5 Million Additional Revenue To Local Taxing Jurisdictions Press Release Available Here A new construction multi-family residential project located at 42-47 Besch Ave., just off Holland Avenue with frontage on Hackett Boulevard will transform the .67-acre vacant site,
- [Back To Business: Pizzeria Sapienza](https://capitalizealbany.com/news-events/2021/08/back-to-business-pizzeria-sapienza/) - The lockdowns imposed at the height of the coronavirus pandemic had a silver lining for some eateries that already specialized in delivery – particularly pizza places, as New Yorkers indulged in comfort food cravings and sought a break from home cooking. But not all pizza places were positioned to benefit from this surge. Pizzeria Sapienza,
- [$12 Million In Additional Investment to Revitalize 61 N. Pearl St., 66 State St., Bringing 42 More Apartments to Downtown Albany](https://capitalizealbany.com/news-events/2021/07/12-million-in-additional-investment-to-revitalize-61-north-pearl-st-66-state-st-bringing-42-more-apartments-to-downtown-albany/) - Redburn Development Expands Downtown Living Options Following Success of Its Initial $80 Million Investment Press release available here Furthering Impact Downtown Albany plan implementation Redburn Development Partners is moving forward with two additional historic redevelopment projects in downtown Albany at 61 N. Pearl St. and 66 State St. after experiencing strong demand for
- [After Nearly a Decade of Service, Tracy Metzger Retires From City Industrial Development Agency and Capital Resource Corporation Board of Directors](https://capitalizealbany.com/news-events/2021/07/after-nearly-a-decade-of-service-tracy-metzger-retires-from-city-industrial-development-agency-and-capital-resource-corporation-board-of-directors/) - More Than $900 Million In Transformational New Investment Assisted During Her Tenure View Press Release Longtime City of Albany Industrial Development Agency and Capital Resource Corporation (CAIDA/CRC) Board of Directors member Tracy Metzger announced she will step down from her respective posts effective Aug. 19. Metzger, a respected entrepreneur and commercial real estate broker with
- [$25 Million Mixed-Use Housing Development, Swinburne Building Completed At 526 Central Ave. In Albany](https://capitalizealbany.com/news-events/2021/07/25-million-mixed-use-housing-development-swinburne-building-completed-at-526-central-ave-in-albany/) - Today marked the completion of a $25 million mixed-use housing development at 526 Central Ave. in Albany. The Swinburne Building and Swinburne Apartments offers 74 affordable apartments and nearly 21,000 square feet of commercial space for health services and retail. The development includes 20 supportive homes for individuals with serious mental illness or other special
- [Fashion Designer Opens Gallery In Downtown Albany](https://capitalizealbany.com/news-events/2021/07/fashion-designer-opens-gallery-in-downtown-albany/) - Downtown's latest addition - Etrice Gallery - a space dedicated to highlighting local artists across mediums, was officially welcomed, and opened in downtown today. Made possible with support from the Downtown Albany Retail Grant Program, Etrice Gallery is in the newest storefront to open as part of Redburn Development Partners' more than $80 million investment
- [Back To Business: Overit](https://capitalizealbany.com/news-events/2021/07/back-to-business-overit/) - With the coronavirus pandemic waning and the New York economy fully reopened, businesses are trying to figure out what practices and lessons from the past year to maintain and what to jettison in the so-called new normal. That’s the case with the Albany-based marketing and public relations agency Overit. “One of the positives from the
- [Back To Business: Brick House Insurance](https://capitalizealbany.com/news-events/2021/07/back-to-business-brick-house-insurance/) - When Andrew and Mckenzie Pope conceptualized Brick House Insurance just over a year and a half ago, they pictured a place where new customers might drop by to discuss policies, existing customers could come in to pay bills and in-person meetings to drum up new business would be standard practice. They found what they thought
- [Landmark Albany Apartment Community Welcomed To Albany As Part of $56 Million Investment By Dawn Homes Management](https://capitalizealbany.com/news-events/2021/06/landmark-albany-apartment-community-welcomed-to-albany-as-part-of-56-million-investment-by-dawn-homes-management/) - Dawn Homes Management LLC today announced the grand opening of ‘Landmark Albany,’ the newly completed market-rate apartment community in the City of Albany. The 252-unit development is part of Dawn Homes' $56 million investment on Sandidge Way, off Fuller Road and adjacent to SUNY Polytechnic Institute. Creating a lasting citywide economic impact, Dawn Homes'
- [Back To Business: New World Bistro Bar](https://capitalizealbany.com/news-events/2021/06/back-to-business-new-world-bistro-bar/) - When New World Bistro Bar re-opened at the end of April, things were very different than they had been when the popular Delaware Avenue restaurant closed mid-January – and not just because of the pandemic. “Since the pandemic started, we’ve opened, we’ve closed we’ve opened just takeout, we’ve had a few chefs,” said New
- [$56 Million Historic Clinton Avenue Apartments Renovation Completed In Arbor Hill Neighborhood](https://capitalizealbany.com/news-events/2021/06/56-million-historic-clinton-avenue-apartments-renovation-completed-in-arbor-hill-neighborhood/) - 70 Row Houses Now Offer 210 Energy-Efficient, Affordable and Supportive Homes for Families Full Press Release Available Here Announced by Governor Andrew Cuomo, today marked the completion of Home Leasing's $56 million rehabilitation of 70 distressed row houses along historic Clinton Avenue and Ten Broeck Street in Albany. The Clinton Avenue Historic Apartments now offers
- [REDC Round XI CFA Process Update](https://capitalizealbany.com/news-events/2021/06/redc-round-xi-cfa-process-update/) - Governor Cuomo's transformative Regional Economic Development Councils Round XI consolidated funding application (CFA) process is underway and Capitalize Albany staff is available to assist local applicants, continuing its role as the local clearinghouse for project proposals located within the City of Albany. The 2021 funding round includes more than $750 million in state economic development resources. Capitalize Albany staff will coordinate letters of support from
- [Webinar On June 2: REDC Round XI CFA Process](https://capitalizealbany.com/news-events/2021/05/webinar-on-june-2-redc-round-xi-cfa-process/) - On June 2 at 10 a.m. The New York State Economic Development Council and Empire State Development will be hosting an online webinar for an overview of the CFA application process including how to access the Consolidated Funding Application, new changes to the award timeline, and information for how to connect with appropriate Regional Councils
- [#DowntownWorks For Picotte Cos.](https://capitalizealbany.com/news-events/2021/05/downtownworks-for-picotte-cos/) - For evidence of Picotte Cos.’ faith in the resiliency and staying power of Albany, look no further than 111 Washington Ave., located at the edge of downtown and just steps from the heart of the city’s urban core. The company, which is one of the largest owners of private office buildings in the region, invested
- [Issuance Of Tax-Exempt Bonds Supports Retention Of More Than 200 Jobs And Maximizing Resources For KIPP: Albany Community Public Charter Schools](https://capitalizealbany.com/news-events/2021/05/issuance-of-tax-exempt-bonds-supports-retention-of-more-than-200-jobs-and-maximizing-resources-for-kipp-albany-community-public-charter-schools/) - Savings Of More Than $3.6 Million Will Support KIPP Albany’s Long-Term Financial Sustainability, Critical High-Quality Programming For Students Press release, available here. With support from the City of Albany Capital Resource Corporation, financing made possible in part with the issuance of tax-exempt bonds will support KIPP: Albany Community Public Charter Schools (KIPP Albany) — allowing
- [United Way Is Bringing Coworking To Downtown Albany At The Blake Annex Supporting Nonprofit Community](https://capitalizealbany.com/news-events/2021/05/united-way-is-bringing-coworking-to-downtown-albany-at-the-blake-annex-supporting-nonprofit-community/) - Downtown is welcoming a new coworking space designed specifically to meet the needs of the area’s burgeoning nonprofit community. The United Way of the Greater Capital Region’s Blake Annex is housed in 24,000 square feet on two floors in the former Steuben Club and Kenmore Hotel at 76 N. Pearl St. – landmark historic buildings
- [Regional Economic Development Councils Initiative Round XI CFA Process Now Open](https://capitalizealbany.com/news-events/2021/05/regional-economic-development-councils-initiative-round-xi-cfa-process-now-open/) - Governor Cuomo's transformative Regional Economic Development Councils Round XI consolidated funding application (CFA) process was announced today, the application portal is now open and Capitalize Albany staff is available to assist applicants. The 2021 funding round includes more than $750 million in state economic development resources. Round XI core funding includes $225 million in grants and tax credits to fund high value
- [Expansive Is 'Bullish On The Future Df Downtown Albany'](https://capitalizealbany.com/news-events/2021/05/expansive-is-bullish-on-the-future-df-downtown-albany/) - #DowntownWorks for the newly rebranded Chicago-based Novel Coworking making its debut in New York at 69 State Street Novel Coworking isn’t Novel anymore. The Chicago-based company, which has 40 locations around the country and opened its first location in New York in downtown Albany this past February, has rebranded as “Expansive.” “It better fits our
- [Celebrating Economic Development Week #EDW2021](https://capitalizealbany.com/news-events/2021/05/celebrating-economic-development-week-edw2021/) - In observance of Economic Development Week, Capitalize Albany is joining the conversation online with other professionals and communities across the country. The Capitalize Albany team is working to support our community during this unprecedented public health crisis. Economic developers everywhere are working to build sustainable communities and prepare for what comes next. The week-long initiative was created by the International
- [Downtown Albany Welcomes Its First New York Farm Meadery](https://capitalizealbany.com/news-events/2021/04/downtown-albany-welcomes-its-first-new-york-farm-meadery/) - A former Albany County Land Bank property is now home to downtown Albany's first New York Farm Meadery, following the building’s purchase and restoration by investors William "Tragedy" Yager and Patrick Chiou. Located at 140 Hamilton Street, The Bull and Bee: Meadery & Tasting Room was welcomed with a ribbon cutting ceremony April 30. Named
- [#DowntownWorks For Garfunkel Wild](https://capitalizealbany.com/news-events/2021/04/downtownworks-for-garfunkel-wild/) - Working with Carrow Real Estate Services, when it came time to renew their lease at 677 Broadway in downtown Albany, the attorneys at Garfunkel Wild, PC didn’t have to think too hard. “Number one, we love our space here,” said firm partner Jim Dering. “I do believe it’s some of the nicest space in the
- [Back To Business: Capital Region Ujamaa Market](https://capitalizealbany.com/news-events/2021/04/back-to-business-capital-region-ujamaa-market/) - The concept for the Capital Region Ujamaa Market predated the coronavirus pandemic, but the health crisis and the economic downturn it caused – as well as a national focus on social justice and equity - crystalized the need for an effort to support and showcase local Black-owned businesses, according to the market’s founder, George Lopez,
- [#DowntownWorks For Key Capture Energy](https://capitalizealbany.com/news-events/2021/04/downtownworks-for-key-capture-energy/) - Dan Fitzgerald co-founded the start-up company Key Capture Energy, an independent developer of utility-scale energy battery storage projects, in Houston, Texas in 2016. It was, at the time, a natural fit as Texas has long been known as the nation’s energy capital. But for Fitzgerald, a lifelong New York resident and UAlbany graduate, the idea
- [Back To Business: Capitol District Supply](https://capitalizealbany.com/news-events/2021/03/back-to-business-capitol-district-supply/) - Selling plumbing, heating, kitchen and bath supplies and fixtures is a very hands-on process. Contractors need to come and pick up their orders, residential customers need to come into the showroom to consult with designers and select their preferred products – from cabinets and sinks to toilets, tubs and showers. At least, that’s how it
- [Back To Business: Irie Vybez](https://capitalizealbany.com/news-events/2021/03/back-to-business-irie-vybez/) - Shaun Freeman believes that to be a successful entrepreneur “you have to get uncomfortable” in order to remain sharp and innovative. But the discomfort and upheaval that resulted from the early months of the coronavirus pandemic last year was more than even the co-founder and owner of the popular Central Avenue Jamaican restaurant Irie Vybez
- [Skyway Construction To Begin This Month](https://capitalizealbany.com/news-events/2021/03/skyway-construction-to-begin-this-month/) - The Skyway, a concept first introduced in the Corporation's award-winning 2015 Impact Downtown Albany strategic plan, will begin construction this month and is expected to be open by the end of this year. Governor Andrew Cuomo made the announcement Tuesday. Celebrating today's exciting #Skyway news here's a look back to the earliest project stage as
- [Revitalization of 1.62-Acre Midtown Western Avenue Site To Bring New Energy And Opportunities To Pine Hills Neighborhood](https://capitalizealbany.com/news-events/2021/03/revitalization-of-1-62-acre-midtown-western-avenue-site-to-bring-new-energy-and-opportunities-to-pine-hills-neighborhood/) - $27.3 million investment to create 97 apartment units, generate a $33.6 million economic impact and boost revenue to local taxing jurisdictions View the announcement's press release here Complementing investment surrounding the University at Albany’s downtown campus and supporting new mixed-use development opportunities, a $27.3 million investment into a 1.62-acre site located at the intersection of
- [$17.9 Million Investment To Transform 413 North Pearl St., Bringing 80 Apartments To Albany Warehouse District](https://capitalizealbany.com/news-events/2021/03/17-9-million-investment-to-transform-413-north-pearl-st-bringing-80-apartments-to-albany-warehouse-district/) - Following the Success of Its $80 Million Downtown Investment, Redburn Development Focuses on Next Major Development View the announcement's press release here Redburn Development Partners is moving forward with an historic redevelopment project at 413-25 North Pearl St. after experiencing strong demand for nearly 300 recently completed apartments as part of its $80 million investment
- [With ‘Downtown on the Cusp of A New Era’ Brown & Weinraub Expands Into New 76 N. Pearl St. Office Space](https://capitalizealbany.com/news-events/2021/03/with-downtown-on-the-cusp-of-a-new-era-brown-weinraub-expands-into-new-76-n-pearl-st-office-space/) - #DowntownWorks A combined love of downtown and all it has to offer plus the proximity to the state Capitol ultimately sealed the deal. David Weinraub is a self-described “city person.” “I’m not a corporate park person,” the veteran Albany lobbyist said. “I don’t like antiseptic. I don’t want to hear the
- [Don't Make Any Rash Decisions: The Need For The Office Will Still Be There Well Into The Future](https://capitalizealbany.com/news-events/2021/03/dont-make-any-rash-decisions-the-need-for-the-office-will-still-be-there-well-into-the-future/) - #DowntownWorks | Don't Accidentally Put This Advice On Mute Eric Simonds believes in the office. Amid a wide array of predictions about how the pandemic will change the way we work, Simonds, who has spent nearly two decades in commercial real estate, the last 10 with CBRE-Albany, is convinced that telecommuting 100 percent of
- [Back To Business: Barks On Lark](https://capitalizealbany.com/news-events/2021/03/back-to-business-barks-on-lark/) - This time last year, Cara Bronner was embarking on a new phase of her career as an educator after leaving a job as a fourth-grade teacher and accepting a new post as a curriculum specialist at BOCES. When the COVID crisis hit, BOCES lost funding and as a result Bronner lost her new position. And
- [Barks On Lark Pet Boutique Opens On Lark Street](https://capitalizealbany.com/news-events/2021/03/barks-on-lark-pet-boutique-opens-on-lark-street/) - Owners Cara and Will Bronner will focus on supplying ethical products and promoting animal adoption Barks on Lark, a pet boutique with a focus on supplying ethical products and promoting animal adoption, was formally welcomed to 272 Lark Street with a ribbon cutting ceremony on Wednesday. “Lark Street is the perfect location for what we
- [Introducing #DowntownWorks Updates](https://capitalizealbany.com/news-events/2021/03/introducing-downtownworks-updates/) - The many companies occupying downtown Albany offices, and their talent, are innovative and resilient. As more return to the office, Capitalize Albany Corporation and the Downtown Albany BID are gathering insights from industry experts to support office occupiers in making informed decisions. And in speaking with local businesses we’re also learning more about upcoming plans and
- [Back To Business: Dove + Deer And Rosanna's](https://capitalizealbany.com/news-events/2021/03/back-to-business-dove-deer-and-rosannas/) - Brianne Baggetta did not intend to open a restaurant at the height of the coronavirus pandemic. Her initial plan, when purchasing the Center Square mainstay Bongiorno’s Restaurant at 23 Dove St. was to shut down for a brief renovation and reimagining and then reopen in the fall of 2019. Baggetta’s first restaurant project - Dove
- [Downtown Albany Welcomes More Flexible Workspace As Novel Coworking Opens](https://capitalizealbany.com/news-events/2021/03/downtown-albany-welcomes-more-flexible-workspace-as-novel-coworking-opens/) - A ribbon cutting ceremony was held Thursday to officially welcome Novel Coworking to downtown Albany. Recognizing downtown Albany as an investment opportunity Novel Coworking purchased the 17-story building located at 69 State Street on the corner of North Pearl and State Streets in early 2020. The coworking space opened early last month following renovation of
- [Back To Business: Pelagie Hair Braiding](https://capitalizealbany.com/news-events/2020/08/back-to-business-pelagie-hair-braiding/) - Businesses in the City of Albany have faced significant and unprecedented challenges over the past several months. Capitalize Albany Corporation and its partners and city stakeholders have worked hard to provide resources, information, and support to those businesses to help them weather this difficult period. Just like the City itself, the business community is innovative,
- [Back To Business: Nine Pin Ciderworks](https://capitalizealbany.com/news-events/2020/08/back-to-business-nine-pin-ciderworks/) - Nine Pin Ciderworks, the state’s first farm cidery, has been able to survive the economic downturn caused by the coronavirus crisis thanks to emergency regulatory changes enacted by Governor Andrew Cuomo, according to the company’s co-founder and manager, Sonya del Peral. “We were able to pivot because the state opened up new avenues of revenue
- [Back To Business: The Fort Orange General Store](https://capitalizealbany.com/news-events/2020/08/back-to-business-the-bfort-orange-general-store/) - After watching developments in the coronavirus crisis with growing concern Schuyler Bull, owner of the Fort Orange General Store, made what he called a “heartbreaking decision” and shuttered the downtown Albany shop in mid-March. “We were putting staff on the line, customers on the line; we didn’t know who was coming in, so I
- [Back To Business: Heaven On Earth Beauty Salon](https://capitalizealbany.com/news-events/2020/09/back-to-business-heaven-on-earth-beauty-salon/) - Kerry-Anne Ashley was just 22 years old when she opened her first Albany salon. She knew she wanted to work for herself, as she came from a long line of entrepreneurs, and she had always been interested in hair but didn’t think she would make it a career. After dropping out of high school, Ashley
- [Back To Business: Elario Photography](https://capitalizealbany.com/news-events/2020/09/back-to-business-elario-photography/) - Elario Photography at 1084 Madison Ave in Albany is back to business. Since its establishment in 1984, the name “Elario Photography” has become synonymous with weddings in the Capital Region. The father-and-son business is well known for capturing intimate moments in a unique style at a wide array of venues – from upscale hotels and catering
- [Back To Business: The Yard | Hatchet House And Bar](https://capitalizealbany.com/news-events/2020/09/back-to-business-the-yard-hatchet-house-and-bar/) - Leyla Kiosse thought about The Yard | Hatchet House and Bar for years before a single axe was thrown there. The mastermind behind downtown Albany’s combination bar and axe throwing/indoor turf establishment had been practicing law for more than a decade when she decided she needed to make a career change. She wanted to do
- [Back To Business: Lark Street Yoga](https://capitalizealbany.com/news-events/2020/09/back-to-business-lark-street-yoga/) - Jennifer Miller knew when she opened Lark Street Yoga in September 2018 that it would take a while to build a client base. And things were indeed slow at first, but she kept at it and was encouraged when business started to pick up in early 2020. “We had just started getting really busy; some
- [Back To Business: Prinzo's Bakery](https://capitalizealbany.com/news-events/2020/09/back-to-business-prinzos-bakery/) - When the pandemic struck, Prinzo’s Bakery didn’t miss a beat. The family-owned business was considered “essential” as it provides a variety of bread and rolls to walk-in and wholesale customers, and so it remained open throughout the lockdown put in place by the state to curb COVID-19’s spread. It did not close a single day.
- [Owners Of Two Albany Eateries, The Ziemanns Are Back To Business](https://capitalizealbany.com/news-events/2020/10/back-to-business-the-cuckoos-nest-crave/) - While other restaurant owners were struggling at the height of the pandemic to keep their doors open, with some forced to cease operations for good, husband-and-wife team Kaytrin and Devin Ziemann not only kept their two Albany eateries going, but also moved forward with plans to open a third location in Schenectady. “We said, ‘Should
- [Back To Business: Hot Crispy Oil](https://capitalizealbany.com/news-events/2020/10/back-to-business-hot-crispy-oil/) - La Serre was a downtown Albany fixture for more than four decades. It was the backdrop for countless power lunches, happy hours, several political weddings and even, in 1982, Mario Cuomo’s announcement of his run for governor. So, it was truly the end of an era when the Green Street restaurant’s owner and co-manager, Anne
- [Back To Business: Bull Moose Club](https://capitalizealbany.com/news-events/2020/10/back-to-business-bull-moose-club/) - Tom Nardacci opened Bull Moose Club, a coworking space at 150 State Street, in January 2019, filling a need in the Capital Region and creating more opportunity for flexible office space. The inspiration comes from Nardacci’s experiences when he was building out his first business, Gramercy, which is now one of New York’s leading public
- [Back To Business: The Hollow Bar + Kitchen](https://capitalizealbany.com/news-events/2020/10/back-to-business-the-hollow-bar-kitchen/) - When Governor Andrew Cuomo ordered a lockdown of all but essential businesses in mid-March in an effort to slow the spread of the coronavirus, many optimistically assumed the pause would be short – maybe a few weeks at most. Not Dora Philip. “I had a feeling it was larger than we thought – or thought
- [Back To Business: Delaware Community Farmers’ Market](https://capitalizealbany.com/news-events/2020/11/back-to-business-delaware-community-farmers-market/) - The coronavirus pandemic has changed the way we shop, with more consumers turning to on-line purchasing, curbside pick-up and home delivery in an attempt to avoid getting infected. But these methods don’t work for everyone. They come with an added expense and also require reliable online access, which is a luxury for some. Thankfully for
- [Back To Business: Pint Sized](https://capitalizealbany.com/news-events/2020/11/pint-sized-is-back-to-business/) - Pint Sized is a small business whose owner’s determination to succeed regardless of the challenges posed by the coronavirus epidemic very much belies its name. August Rosa, owner of the craft beer bar and bottle shop with two locations – 250 Lark St., Albany and 489 Broadway, Saratoga Springs - estimates that he has had
- [Back To Business: Root3d](https://capitalizealbany.com/news-events/2020/11/back-to-business-root3d/) - Rachelle Pean and Jamel Mosely opened Root3d in the spring of 2019 with the goal of bringing much-needed diversity to the wellness industry and providing members of underserved communities with access to talk therapy, yoga, meditation and other services. When the coronavirus pandemic hit, disproportionately impacting low-income and minority individuals – both physically and financially
- [Back To Business: Palace Performing Arts Center](https://capitalizealbany.com/news-events/2020/12/back-to-business-palace-performing-arts-center/) - The pandemic has taken a significant toll on the performing arts. While movie theaters and museums have been able to reopen with new public health protocols – although many have opted not to do so – live performances of music, plays and dance are still not allowed. Albany’s Palace Theatre went from hosting more than
- [Back To Business: Lark Street Mercantile](https://capitalizealbany.com/news-events/2020/12/back-to-business-lark-street-mercantile/) - Opening a new business takes a lot of time and planning. Entrepreneurs work months - even years – to get everything ready for opening day: Financing, building, purchasing and more. The momentum, once it’s underway, is hard to stop. Brandon and Michelle Whittall know this first hand. They were building out Lark Street Mercantile, their
- [Back To Business: Irish American Heritage Museum](https://capitalizealbany.com/news-events/2020/12/back-to-business-irish-american-heritage-museum/) - Since last February, 21 Quackenbush Square has been home to the nation’s only Irish American history museum, where visitors can learn about the cultural and historical experiences and contributions of people of Irish heritage in the Capital Region and across the U.S. You could be forgiven for not knowing about this hidden gem in the
- [Back To Business: Emack & Bolio's](https://capitalizealbany.com/news-events/2021/01/back-to-business-emack-bolios/) - Amy Riddell is living her childhood dream. As far back as she can remember – “basically since I was about four, since my first Mister Softee,” she says – Riddell wanted to own an ice cream parlor. “I carried a book about the best ice cream in the country, and when our family went on
- [Back To Business: Blooms By Marie](https://capitalizealbany.com/news-events/2021/01/back-to-business-blooms-by-marie/) - Cut flowers are special, adding color and warmth to the darkest of days and dreariest of settings. Marie Campbell experienced that first-hand during her 29 years working as a nurse at Albany Medical Center Hospital. She gave attentive care to all her patients, but said she found herself particularly drawn to the rooms where there
- [Back To Business: Peelz On Wheelz](https://capitalizealbany.com/news-events/2021/01/back-to-business-peelz-on-wheels/) - In 2012, Darlene Herbert had a vision. A fleet of aestheticians, all clad in crisp white coats emblazoned with her company logo, carrying sleek silver cases filled with products and a fold-up high-backed chair, deploying across the Capital Region to deliver elite skin care services to clients in the comfort of their own homes. And
- [Back To Business: ImprintUNIVERSE](https://capitalizealbany.com/news-events/2021/02/back-to-business-imprintuniverse/) - Musa Zwana is a self-described serial entrepreneur. He remembers clearly the moment when, as a kid in junior high school growing up in East Greenbush, through a youth entrepreneurship program, Musa first learned what it meant to start up a business and be your own boss. “Ever since then I was like, ‘Alright, that’s what
- [Back To Business: Healthy On Lark](https://capitalizealbany.com/news-events/2021/02/back-to-business-healthy-on-lark/) - Sharon Lastique, a certified health coach and owner of Healthy On Lark vegetarian restaurant, noticed a trend amongst her customer base during the early days of the pandemic lockdown: Her regular patrons were conflicted. They wanted to boost immunity and stay healthy, especially as they were stuck indoors (often with children) while simultaneously getting less
- [Back To Business: Betty Boop's Diner](https://capitalizealbany.com/news-events/2021/02/back-to-business-betty-boops-diner/) - Teresa Soto is a people person. That’s what drove her first career as a nurse’s aide – a position she held for most of her adult life, until a series of neck and back injuries sustained while lifting elderly people in and out of bed finally forced her to retire. “I love elderly people, I
- [Additional $24 Million Investment and 61 Affordable Housing Units Along Clinton Avenue to Further Arbor Hill Revitalization](https://capitalizealbany.com/news-events/2021/01/additional-24-million-investment-and-61-affordable-housing-units-along-clinton-avenue-to-further-arbor-hill-revitalization/) - 210 Mixed-Income and Affordable Housing Units Are Now Complete And Phase Two Will Include 61 More With 12,000 Sq. Ft. of Commercial Space To Support Sustainable Business Growth Press release available here Home Leasing has committed to the revitalization of six additional properties along Clinton Avenue in Albany’s Arbor Hill neighborhood. With support
- [Capitalize Albany Corporation Celebrates Opening of 16 New Scotland Avenue](https://capitalizealbany.com/news-events/2010/10/capitalize-albany-corporation-celebrates-opening-of-16-new-scotland-avenue/) - Albany, NY – Mayor Jennings today officially cut the ribbon on the newest building on New Scotland Avenue. He was joined by James J. Barba, president and CEO of Albany Medical Center; Michael J. Castellana, president and CEO of SEFCU; and officials from Columbia Development, Capitalize Albany Corporation, CVS, the City of Albany, and Empire
- [50’S STYLE DINER OPENS IN HEART OF ALBANY’S DOWNTOWN ENTERTAINMENT DISTRICT](https://capitalizealbany.com/news-events/2010/09/50s-style-diner-opens-in-heart-of-albanys-downtown-entertainment-district/) - ALBANY, N.Y. – Mayor Jennings joined Nicholas and Anthony Mitsios, owners of The Pearl Street Diner, Commissioner John C. Egan of the New York State Office of General Services, and other elected officials today to formally open the newest diner in downtown Albany. The Pearl Street Diner is located at 40 North Pearl Street in
- [Formerly Abandoned Park South Building Now Home to 9 Fully Renovated Apartments](https://capitalizealbany.com/news-events/2010/10/formerly-abandoned-park-south-building-now-home-to-9-fully-renovated-apartments/) - Albany, NY – Officials from the Capitalize Albany Corporation, joined developers Lou Chicatelli and Chris Maddalone, Mayor Jennings, KeyBank, and local residents to celebrate the opening of a newly renovated apartment building in Albany's Park South neighborhood. “Today is an exciting day for this neighborhood,” said Mayor Jennings. “This new building will provide high quality
- [Developers are working to meet the strong demands for downtown Albany living](https://capitalizealbany.com/news-events/2011/03/developers-are-working-to-meet-the-strong-demands-for-downtown-albany-living/) - Albany's downtown apartment market is starting to sizzle. Over fifty new residential units have been added in the last few years. And according to the building owners, all of those units are fully rented and there is strong demand for more. In addition to those fifty units, the number of projects in the pipeline is
- [New Apartments Coming to  Downtown Albany](https://capitalizealbany.com/news-events/2011/01/new-apartments-coming-to-downtown-albany/) - Albany, NY – The Capitalize Albany Corporation has approved financial assistance to support another downtown residential project that will rehab a vacant building. This project will continue the trend of downtown residential development, with 4-6 Sheridan, LLC, redeveloping the 20,000 square foot building located on Sheridan Avenue between North Pearl and Chapel Streets. “Today is
- [#BuildingAlb2020: How 2020 Will Help Shape A Brighter 2021](https://capitalizealbany.com/news-events/2020/12/buildingalb2020-how-2020-will-help-shape-a-brighter-2021/) - The end of the year is traditionally a time both for reflection and planning for the future. This year, which brought both unprecedented challenges and unexpected opportunities, this exercise is more important than ever. At Capitalize Albany, we are taking inventory of 2020 while looking ahead with excitement to what 2021 will bring. In spite
- [#BuildingAlb2020: Looking Ahead To 2021 With Redburn Development Vice President Elizabeth Young JoJo](https://capitalizealbany.com/news-events/2020/12/buildingalb2020-looking-ahead-to-2021-with-redburn-development-vice-president-elizabeth-young-jojo/) - There is so much opportunity on the horizon — an unprecedented level of investment is nearing completion in downtown. The largest project of its kind since the inception of the Downtown Albany Residential Development Initiative in 2002 — Redburn Development is investing more than $80 million into several prominent downtown Albany buildings, creating nearly 300 mixed-income
- [#BuildingAlb2020 Kicks Off Today](https://capitalizealbany.com/news-events/2020/12/buildingalb2020-kicks-off-today/) - The team at Capitalize Albany Corporation is bringing our annual Building For Tomorrow event to you this year - a week-long digital media event starts today. At Capitalize Albany, we are taking inventory of 2020 while looking ahead with excitement to what 2021 will bring. In spite of the difficulties we have collectively faced over
- [#BuildingAlb2020: Looking Forward To 2021 With Albany Mayor Kathy Sheehan](https://capitalizealbany.com/news-events/2020/12/buildingalb2020-looking-forward-to-2021-with-albany-mayor-kathy-sheehan/) - Along with its challenges, there are so many success stories that have taken shape over this year. There is so much opportunity on the horizon—downtown’s trajectory is inspiring, and new investment is strengthening neighborhoods across the City. As part of our #BuildingAlb2020 update, we took a look-ahead with Albany Mayor Kathy Sheehan. Looking Forward To
- [Corporation Recognized By International Economic Development Council For Excellence In Economic Development](https://capitalizealbany.com/news-events/2020/11/corporation-recognized-by-international-economic-development-council-for-excellence-in-economic-development/) - During its October, 2020 virtual annual conference, the International Economic Development Council (IEDC) recognized Capitalize Albany Corporation's 2019 annual report, presenting its Gold Excellence in Economic Development award. IEDC's Excellence in Economic Development Awards recognize the world's best economic development programs and partnerships, marketing materials, and the year's most influential leaders. Its awards honor
- [Back To Business: Historic Albany Foundation](https://capitalizealbany.com/news-events/2020/11/back-to-business-historic-albany-foundation/) - The coronavirus pandemic has presented unprecedented challenges for every business and organization. But some, through a combination of ingenuity, creativity, adaptability and a little luck, have managed not only to survive, but thrive during this unusual time. That has been the case with the Historic Albany Foundation, which has been advocating for, and educating people
- [Market-Rate 80-Unit New Construction Residential Project To Rise In Albany’s Clinton Square Neighborhood](https://capitalizealbany.com/news-events/2020/10/market-rate-80-unit-new-construction-residential-project-to-rise-in-albanys-clinton-square-neighborhood/) - Press release available here The $22.7 million project will be constructed on the site of a 1.38-acre parcel used as a parking lot at 745 Broadway in the heart of Albany’s Clinton Square neighborhood. Made possible with support from the City of Albany Industrial Development Agency (IDA), this investment is projected to generate $3.2 million
- [$72,000 Downtown Revitalization Initiative Award to Capital Walls Mural Project Adds Two New Murals on Columbia Street](https://capitalizealbany.com/news-events/2020/10/72000-downtown-revitalization-initiative-award-to-capital-walls-mural-project-adds-two-new-murals-on-columbia-street/) - Governor Cuomo’s Downtown Revitalization Initiative (DRI) is strengthening Albany's Clinton Square neighborhood. Two new murals were unveiled in downtown Albany this morning — enhancing the gateway to the Capital City's downtown. They're located at Redburn Development Partners’ 39 and 45 Columbia Street properties where work is underway as part of its $80 million downtown investment.
- [More Than $500,000 In Grant Awards To Support 60 City Of Albany Small Businesses Impacted By COVID-19 To Reopen and Adapt Operations ](https://capitalizealbany.com/news-events/2020/10/more-than-500000-in-grant-awards-to-support-60-city-of-albany-small-businesses-impacted-by-covid-19-to-reopen-and-adapt-operations/) - Additional Funding Allocated To Accommodate Applicants’ Requests Focusing On Advancing Business Resiliency — Nearly Doubling CDBG-CV Resources To Small Business Adaptation Program View The Announcement's Press Release Here Grant awards totaling $588,646 will support 60 City of Albany small businesses impacted by the ongoing pandemic by providing them financial assistance to cover costs
- [New Grant Program to Provide Assistance to City of Albany Small Businesses With Reopening and Adapting Operations](https://capitalizealbany.com/news-events/2020/08/new-grant-program-to-provide-assistance-to-city-of-albany-small-businesses-with-reopening-and-adapting-operations/) - City of Albany small businesses impacted by the ongoing pandemic that need assistance in covering costs related to operating in accordance with health and safety requirements can now apply for funding from a new grant program at www.CapitalizeAlbany.com/grants. The new COVID-19 Small Business Adaptation Program (SBAP) is made possible with support from the Albany Community Development
- [$35 Million Mixed-Use Western Avenue Project To Significantly Boost Revenue For Local Taxing Jurisdictions](https://capitalizealbany.com/news-events/2020/09/35-million-mixed-use-western-avenue-project-to-significantly-boost-revenue-for-local-taxing-jurisdictions/) - Announcement press release available here A $35.7 million project will transform 30,000 sq. ft. of vacant commercial space at 1211 Western Avenue and return activity to the site— creating a 190,968 sq. ft. complex encompassing 136 multi-family apartment units, 1,840 sq. ft. of commercial retail space and an internal garage with 150 parking spaces. Made
- [11 Clinton Avenue Redesign Effort Kicks Off August 10](https://capitalizealbany.com/news-events/2020/07/11-clinton-avenue-redesign-effort-kicks-off-august-10/) - Learn more at www.ClintonMarketAlbany.com. Capitalize Albany is kicking off “Clinton Market Collective,” a project that will ultimately result in the renovation of the underutilized 0.38-acre parcel at 11 Clinton Avenue (also known as Federal Park) situated between the historic Palace Theatre and the landing of the Skyway project at Broadway in downtown Albany. Made
- [More Than $130,000 In Emergency Grants Awarded To Albany Small Business Owners](https://capitalizealbany.com/news-events/2020/07/more-than-130000-in-emergency-grants-awarded-to-albany-small-business-owners-f/) - Announcement's Press Release Direct-reimbursement grants of up to $10,000 have been awarded to City of Albany small businesses that are working hard to recover from ongoing economic challenges and setbacks. More than 30 businesses have been supported under this effort. As part of an emergency response using the City of Albany Small Business Façade Improvement
- [City of Albany IDA/CRC Board: Call For Applications](https://capitalizealbany.com/news-events/2020/07/city-of-albany-ida-crc-board-call-for-applications/) - The City of Albany Common Council is seeking applications from qualified residents of the City of Albany for the available City of Albany Industrial Development Agency (IDA) & Capital Resource Corporation (CRC) Board Member position. Members of the IDA & CRC must be residents of the City of Albany and whenever possible should have
- [Introducing Our Newest Team Members](https://capitalizealbany.com/news-events/2020/06/introducing-our-newest-team-members/) - Capitalize Albany is continuing to play its role in helping to support the city’s economic-recovery through the SupportsmAlbany initiative, and programs providing assistance to local businesses as they work to reopen and re-establish their operations. The Corporation is moving forward with an ambitious agenda for 2020, ramping up a number of complex projects and has brought dynamic new talent on board
- [Emergency Funding Round To Close June 30 For Grants To Support City of Albany Small Businesses](https://capitalizealbany.com/news-events/2020/06/emergency-funding-round-to-close-june-30-for-grants-to-support-city-of-albany-small-businesses/) - In response to recent damage done to numerous City businesses, applications were made available at the beginning of June as part of an emergency response using the City of Albany Small Business Facade Improvement, and Retail Grant programs administered by Capitalize Albany Corporation. Application fees and investment match requirements are being waived to ensure there
- [Emergency Round of Grants Announced To Support City Of Albany Small Business Owners](https://capitalizealbany.com/news-events/2020/06/emergency-round-of-grants-announced-to-support-city-of-albany-small-business-owners/) - Grants To Support Businesses That Sustained Damage Over The Weekend With Prioritization of Minority Or Women-Owned Businesses View This Announcement's Press Release Here In response to the damage done to numerous City businesses, applications will be made available as part of an emergency response using the City of Albany Small Business Façade Improvement and Retail
- [#EDW2020 | Economic Development Week](https://capitalizealbany.com/news-events/2020/05/edw2020-economic-development-week/) - In observance of Economic Development Week, Capitalize Albany is joining the conversation online with other professionals and communities across the country. The Capitalize Albany team is working to support our community during this unprecedented public health crisis and also prepare for its strong emergence on the other side. Economic developers everywhere are working to build sustainable communities and prepare for
- [Support smAlbany | New Resource To Support Albany Businesses In A Fast-Changing Environment Amid COVID-19 Crisis](https://capitalizealbany.com/news-events/2020/03/new-resource-to-support-albany-businesses-in-a-fast-changing-environment-amid-covid-19-crisis/) - www.SupportsmAlbany.com In recognition of the significant impact the novel coronavirus (COVID-19) has had – and will continue to have for the foreseeable future - on the local and national economy, a consortium of organizations has joined together to provide a clearinghouse of information and resources to support businesses at this difficult time.This website is
- [RFP | Clinton Market Collective](https://capitalizealbany.com/news-events/2020/01/rfp-11-clinton-ave-park/) - Click Here To Download This RFP Document 11 Clinton Ave. Survey, 2015 Frequently Asked Questions, updated on Feb. 26, 2020 RFP Webinar Presentation, Feb. 13, 2020 Capitalize Albany Corporation is looking for the most innovative, creative professional engineering and design teams that not only think outside the box, but will leave that box behind without
- [Capitalize Albany Corporation Assumes Control Of Liberty Park Properties](https://capitalizealbany.com/news-events/2020/02/capitalize-albany-corporation-assumes-control-of-liberty-park-properties/) - Announcement's Press Release Capitalize Albany Corporation has closed on its Purchase and Sale Agreement with the Albany Convention Center Authority (ACCA), transferring roughly five acres of surplus ACCA properties surrounding Liberty Park in the heart of Albany’s downtown business district to the city’s nonprofit economic development organization. Liberty Park is unique in the Capital Region’s
- [Winter Art Fest Block Party Celebrates Growing Arts Connection In Clinton Square Neighborhood](https://capitalizealbany.com/news-events/2020/02/winter-art-fest-block-party-celebrates-growing-arts-connection-in-clinton-square-neighborhood/) - Hundreds attended this exciting annual event for the second year in a row. Supported in part by the Amplify Albany Grant Program, the Albany Distilling and Albany Center Gallery Winter Art Fest returned with expanded programming supporting the Clinton Square DRI zone and strengthening its connection to downtown's central business district, the warehouse district and surrounding neighborhoods.
- [Making Progress on a $48 Million Project in Arbor Hill ](https://capitalizealbany.com/news-events/2020/02/making-progress-on-a-48-million-project-in-arbor-hill/) - Looking ahead to spring, Home Leasing has passed the halfway mark in its construction of more than 200 affordable housing and mixed-income residential units within 70 row houses in the Arbor Hill neighborhood and along Clinton Avenue and Ten Broeck Triangle. To date, 27 buildings have been completed. Restoration work is continuing, and more than
- [Innovation Of Skyway Recognized By American Council of Engineering Companies](https://capitalizealbany.com/news-events/2020/01/innovation-of-skyway-recognized-by-american-council-of-engineering-companies/) - With support from Governor Andrew Cuomo’s Regional Economic Development Councils initiative, Capitalize Albany Corporation completed a 2018 Skyway feasibility study and the project's preliminary design. This study and the Skyway's design, guided by public input and conducted by the design firm Stantec, has prepared the Impact Downtown Albany-informed Skyway project to advance. The Corporation-led REDC Round
- [New Mixed-Use Development at 563 New Scotland Avenue to More Than Triple Revenue Generated for Local Taxing Jurisdictions](https://capitalizealbany.com/news-events/2020/01/new-mixed-use-development-at-563-new-scotland-avenue-to-more-than-triple-revenue-generated-for-local-taxing-jurisdictions/) - Click here to view the announcement's press release The New Scotland Village project will bring 188 market-rate rental units and approximately 15,000-square feet of retail/commercial space to a neighborhood commercial corridor. Made possible with support from the City of Albany Industrial Development Agency (IDA), developer Jankow Companies’ New Scotland Village is projected to generate more
- [Discover Albany and Albany Center Gallery Highlight The Downtown Albany Visual Experience In 2020 Visitors Guide](https://capitalizealbany.com/news-events/2020/01/discover-albany-and-albany-center-gallery-highlight-the-downtown-albany-visual-experience-in-2020-visitors-guide/) - Recognizing downtown Albany as a destination, Discover Albany, in collaboration with the Albany Center Gallery, last week revealed the new cover design for the 2020 Discover Albany Visitors Guide. The cover and companion map were both illustrated by artist Cara Hanley and feature downtown as part of the guide’s “Artful Albany” theme. The @Discoveralbany 2020 Visitors Guide artist illustrations
- [Annual Report | Building For Tomorrow 2019](https://capitalizealbany.com/news-events/2019/11/annual-report-building-for-tomorrow-2019/) - Celebrating its 40th anniversary in 2019, Capitalize Albany Corporation has elevated the City of Albany and the Region. It's executing action-oriented strategies and catalyzing transformation in Albany's neighborhoods, downtown and commercial districts citywide. To learn more you can read Capitalize Albany Corporation's 2019 Annual Report, click here or below. Read our 2018 annual report Read
- [City of Albany Projects Receive $16.2 Million from Regional Economic Development Council (REDC) Initiative Round 9](https://capitalizealbany.com/news-events/2019/12/city-of-albany-projects-receive-16-2-million-from-regional-economic-development-council-redc-initiative-round-9/) - Click Here To View The Announcement's Press Release A strong set of competitive projects throughout the City of #Albany met @NYGovCuomo's and the Regional Council’s challenge this year — bringing the total amount of CFA funding awarded to citywide projects through 9 rounds to $100M+ totaling — $112.9M. https://t.co/h6SNVCHVCA pic.twitter.com/UiNNaz620M — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) December
- [Opening Of The Knick In Downtown Albany](https://capitalizealbany.com/news-events/2019/12/opening-of-the-knick-in-downtown-albany/) - The formerly vacant building at 16 Sheridan Avenue in downtown, which was once home to The Knickerbocker News, has been transformed into “The Knick.” This exciting project features more than 130 apartments, and occupancy is already approaching 75 percent. On the building’s 3,500 sq. ft. first floor, construction is underway and what will soon be home
- [Completion of Albany S.T.E.A.M. Garden Phase 1 Business Incubator](https://capitalizealbany.com/news-events/2019/12/completion-of-albany-s-t-e-a-m-garden-phase-1-business-incubator/) - Science, Technology, Engineering, Arts and Media – S.T.E.A.M. – is breathing new life into a once-vacant building, a neighborhood, and the Capital Region’s creative economy. The first phase of renovation of the former St. Patrick’s School on Central Avenue is complete, an opening celebration was held on December 11 and the S.T.E.A.M. Garden is now
- [Food Hall And Restaurant Incubator Albany Kitchen Readying For Opening](https://capitalizealbany.com/news-events/2019/11/food-hall-and-restaurant-incubator-albany-kitchen-readying-for-opening/) - As part of Redburn Development Partners' $80 million investment, the renovation of a 4,500 sq. ft. vacant building at 55 Columbia Street is under way. Occupying the building's two floors with space fit up supported in part by the Downtown Albany Retail Grant Program, Albany Kitchen is planning for its opening in the coming weeks. Troy Kitchen opened
- [New 427 Washington Avenue Apartments To Support Midtown Neighborhoods](https://capitalizealbany.com/news-events/2019/11/new-427-washington-avenue-apartments-to-support-midtown-neighborhoods/) - View the announcement's press release here. Complementing new investment surrounding the University at Albany’s downtown campus and plans for the new home of UAlbany’s College of Engineering and Applied Sciences, this $2.6 million investment will remove neighborhood blight through construction of a new 3.5-story building with 16 apartment units. The project will create 85 construction
- [Nov. 13 | Building For Tomorrow 2019](https://capitalizealbany.com/news-events/2019/10/nov-13-building-for-tomorrow-2019/) - An annual event, Building For Tomorrow will be hosted this year at one of Albany’s newest investments, The Knick at 16 Sheridan Avenue. A more than $20 million investment, what was a vacant 112,000 sq. ft. office building is being transformed into 132 market-rate apartments and ground floor commercial space which will feature The Yard
- [Capitalize Albany Communications Efforts Recognized At 2019 MARCOM Awards](https://capitalizealbany.com/news-events/2019/11/capitalize-albany-communications-efforts-recognized-at-2019-marcom-awards/) - The Corporation’s strategic communications initiatives work to support the Capital Region’s success and enhance Capitalize Albany programs, amplifying its abilities to create, retain, and attract business in the City of Albany. Recognized for communications excellence and leadership in supporting our community — the Corporation was recognized at this year’s 4th annual Capital Region MARCOM Awards.
- [Redburn Development Partners’ $80 Million Investment Downtown Progresses](https://capitalizealbany.com/news-events/2019/10/redburn-development-partners-80-million-investment-downtown-progresses/) - View the announcement's press release $12.3 million will be invested into the transformation of 39 and 45 Columbia Street as part of Redburn Development’s more than $80 million total investment into downtown Albany. The $7 million project at 45 Columbia Street will take what is currently a 78,000 sq. ft. vacant parking garage and create
- [RFP | Property Management And Maintenance Services](https://capitalizealbany.com/news-events/2019/09/rfp-property-management-and-maintenance-services/) - Capitalize Albany Corporation is requesting proposals from qualified respondents that specialize in comprehensive property management and maintenance services. Please click the link below to view and download the RFP document. Click Here To Open The RFP Document. Click Here to Open The RFP FAQs.
- [Semblance Medspa Adding Clinical Skin Care Services, Health And Wellness Support To Neighborhood Amenities](https://capitalizealbany.com/news-events/2019/09/semblance-medspa-adding-clinical-skin-care-services-health-and-wellness-support-to-neighborhood-amenities/) - Click Here To View The Announcement's Press Release Officially welcomed to the City of #Albany this morning, Semblance Medspa is the latest example of a diversifying retail and service mix, and we are excited for the investment Dr. Sajid is making in downtown. https://t.co/nIf5J5S3Fu #CapAlbGrants #ImpactDowntown pic.twitter.com/5FJ2URWsu4 — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) September 27, 2019 The
- [With Completed Renovations at 90 North Pearl Street ‘The Bishop’ Opens In Downtown Albany](https://capitalizealbany.com/news-events/2019/09/with-completed-renovations-at-90-north-pearl-street-the-bishop-opens-in-downtown-albany/) - Click Here To View The Announcement's Press Release With completed renovations at 90 N. Pearl, downtown #Albany's newest restaurant The Bishop, offering a farm to table, bourbon and steak focus, was officially welcomed to the Capital City for its grand opening. https://t.co/CpyGn1DfFg #ImpactDowntown #CaoAlbGrants pic.twitter.com/uRScbTlzKx — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) September 19, 2019 The storefront at
- [11 Stories of 90 State Street To Transform Into 154 Downtown Residential Units](https://capitalizealbany.com/news-events/2019/08/11-stories-of-90-state-street-to-transform-into-154-downtown-residential-units/) - View the announcement's press release here A $23.1 million investment will support a large-scale residential conversion in the heart of downtown Albany, further strengthening the central business district’s density and downtown residential strategy implementation. The project is estimated to create 89 construction jobs, support four retained and create one full time job. The project will
- [288 Lark Wine & Tap Now Open On Lark Street](https://capitalizealbany.com/news-events/2019/09/288-wine-tap-now-open-on-lark-street/) - The new 288 Lark Wine & Tap was officially welcomed to Lark Street on Wednesday with a ribbon cutting ceremony. The wine bar's menu focuses on pastas and Mediterranean dishes, and features both wine and whiskey chocolate pairings. Ownership purchased the vacant building at 288 Lark Street in 2017 and recently completed renovations. New doors,
- [New Street Decals Enhance Capital City Trolley Service And Connectivity](https://capitalizealbany.com/news-events/2019/08/new-street-decals-enhance-capital-city-trolley-service-and-connectivity/) - 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](https://capitalizealbany.com/news-events/2019/07/transformational-projects-announced-for-clinton-square-as-part-of-10-million-downtown-revitalization-initiative-award/) - 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
- [Construction Progresses Full STEAM Ahead At Central Avenue Business Incubator](https://capitalizealbany.com/news-events/2019/07/construction-progresses-full-steam-ahead-at-central-avenue-business-incubator/) - 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](https://capitalizealbany.com/news-events/2019/07/the-bishop-at-90-north-pearl-street-readying-for-opening/) - 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](https://capitalizealbany.com/news-events/2019/07/trinity-realty-group-broke-ground-on-mt-hope-commons-at-351-southern-boulevard/) - 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](https://capitalizealbany.com/news-events/2019/06/132-room-hotel-as-part-of-quackenbush-square-development-to-transform-1-67-acre-former-brownfield-site-in-downtown-albany/) - 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.
- [Renewal of Dana Ave Properties To Further Park South Revitalization](https://capitalizealbany.com/news-events/2019/06/renewal-of-dana-ave-properties-to-further-park-south-revitalization/) - Click here to view the announcement's press release A 36-unit, 45,000 sq. ft. apartment building will rise at 86 Dana Avenue. The project is estimated to create 160 construction jobs. As redevelopment continues to spread beyond blocks east of where Albany Medical Center and Tri-City Rentals collaborated on 268 new market-rate apartments, this new construction
- [Rehabilitation of Vacant 251 North Pearl Street Supports City of Albany Neighborhood Revitalization](https://capitalizealbany.com/news-events/2019/06/rehabilitation-of-vacant-251-north-pearl-street-supports-city-of-albany-neighborhood-revitalization/) - 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](https://capitalizealbany.com/news-events/2019/06/first-vendors-now-open-at-new-downtown-albany-food-court/) - 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
- [Construction At 52-54 North Pearl Is Under Way](https://capitalizealbany.com/news-events/2019/06/construction-at-52-54-north-pearl-is-under-way/) - Supported in part by the City of Albany Small Business Facade Improvement Program, work is under way at 52-54 North Pearl Street in downtown. Vacant for more than two decades, renovation of the side-by-side, 12,000 sq. ft. buildings will build ground-floor retail space and convert the upper two floors into four apartments. The Facade Improvement Grant
- [Second Phase Of Transformative $78 Million Downtown Albany Project Under Way](https://capitalizealbany.com/news-events/2019/04/second-phase-of-transformative-78-million-downtown-albany-project-under-way/) - Project Update, May 16: View Press Release The second $34.5 million phase of a transformative $78 million investment in downtown Albany is under way with the mixed-use renovation of the historic Kenmore Hotel building at 76 North Pearl Street. Announced by Governor Cuomo in December — Redburn Development Partners will invest $78 million to renovate
- [Upstate Revitalization Initiative Award Announced To Support Liberty Park Redevelopment, Downtown Poised For Unprecedented Success](https://capitalizealbany.com/news-events/2019/05/upstate-revitalization-initiative-award-announced-to-support-liberty-park-redevelopment-downtown-poised-for-unprecedented-success/) - Today, Governor Cuomo announced more than $22 million in New York State funding to support two transformational projects in Downtown Albany. Empire State Development (ESD) will provide up to $15 million in Upstate Revitalization Initiative funds to Capitalize Albany for the redevelopment of Liberty Park. This funding will support acquisition, demolition, stabilization of property, infrastructure and
- [CFA Workshop at Albany City Hall On May 20](https://capitalizealbany.com/news-events/2019/05/cfa-workshop-at-albany-city-hall-on-may-20/) - Governor Cuomo's transformative Regional Economic Development Councils Round IX consolidated funding application (CFA) process is under way and Capitalize Albany Corporation will be hosting an informational session and application workshop on Monday, May 20 at Albany City Hall from 5:30 - 6:30 p.m. Contact Capitalize Albany staff at development@capitalizealbany.com with any questions and to RSVP for this workshop. A PDF flier is available here. Assisting local
- [Applications Available, City of Albany Small Business Facade Improvement Program Spring Funding Window](https://capitalizealbany.com/news-events/2019/05/applications-available-city-of-albany-small-business-facade-improvement-program-spring-funding-window/) - VIEW PRESS RELEASE  Applications are now available as part of the City of Albany Small Business Facade Improvement Program’s third-round spring funding window with an additional $100,000 in matching grants being made available to support small business owners citywide. The program can provide matching grants up to $10,000 to small businesses and/or commercial property owners for exterior
- [$5 Million Award To Support Skyway Amenities, Maximizing Usage](https://capitalizealbany.com/news-events/2019/05/5-million-award-to-support-skyway-amenities-maximizing-usage/) - In April Governor Cuomo announced $27 million in funding to support transportation enhancements in the Capital Region as part of a $144.6 million statewide investment to enhance access for bicyclists and pedestrians. The Skyway was awarded $5 million. Governor Cuomo’s previous announcement of $3.1 million of DOT-funding supports decommissioning the ramp and all of
- [2019 CFA Process & Local Support](https://capitalizealbany.com/news-events/2019/05/2019-cfa-process-local-support/) - Governor Cuomo's transformative Regional Economic Development Councils Round IX consolidated funding application (CFA) process opened May 1 and Capitalize Albany staff is available to assist applicants. More than $750 million in state economic development resources will be made available. Capitalize Albany Corporation is available to coordinate letters of support from the Mayor and resolutions from the City of Albany Common Council.
- [More City of Albany Small Business Facade Improvement Program Applications To Be Accepted In May](https://capitalizealbany.com/news-events/2019/04/more-applications-to-be-accepted-in-may-city-of-albany-small-business-facade-improvement-program/) - Additional City of Albany Small Business Facade Improvement Program applications will be accepted beginning May 7 as part of the program's 2019 spring funding window. The program can provide matching grants up to $10,000 to small businesses and/or commercial property owners for exterior renovations. The program's updated application and guidelines will be made available and accepted starting May 7 at www.CapitalizeAlbany.com/grants. The application
- [Issuance Of Tax-Exempt Bonds Supports Retention Of More Than 60 Jobs](https://capitalizealbany.com/news-events/2019/04/issuance-of-tax-exempt-bonds-supports-retention-of-more-than-60-jobs/) - Press Release Available Here The Albany Leadership Charter High School for Girls currently leases the property at 19 Hackett Boulevard for use as a charter school and has entered into a real property purchase and sale agreement for acquisition of the property. With its financing in place to support the institution’s property acquisition, the Albany
- [$13 Million Investment Strengthens Hudson/Park Neighborhood Through Reuse Of Industrial Site](https://capitalizealbany.com/news-events/2019/04/13-million-investment-strengthens-hudson-park-neighborhood-through-reuse-of-industrial-site/) -  Located between Albany’s Washington Park, Lincoln Park and downtown Albany, the Hudson/Park Neighborhood is known for its location convenience, nearby parks and cultural diversity. With the completion of an adaptive reuse plan to transform the Long Energy site properties and warehouse building at 160 Myrtle Ave, originally Hinckel and Dobler breweries — a new
- [Downtown Earns A High Score At The End Of March With Support Of The Capital Complex](https://capitalizealbany.com/news-events/2019/04/downtown-earns-a-high-score-at-the-end-of-march-with-support-of-the-capital-complex/) - The final weekend in March attracted more than 20,000 people downtown for the lineup of events taking place. Esport teams from 18 colleges headed to the Albany Capital Center for HV Gamer Con on March 30-31, gaming on popular titles and competing for college scholarships. More than 2,500 competitors and Con attendees enjoyed downtown and
- [Four Points By Sheraton Hotel Adds To New Development, Streetscape Improvements at 351 Southern Boulevard](https://capitalizealbany.com/news-events/2019/03/four-points-by-sheraton-hotel-adds-to-new-development-streetscape-improvements-at-351-southern-boulevard/) - A new $13.3 million hotel will be constructed at 351 Southern Boulevard, complementing 351 Diamond Development, LLC's $10 million Mt. Hope Commons development currently under way at the 9W site. Made possible with support from the City of Albany Industrial Development Agency, Mukura Inc. plans to begin constructing a 60,000 sq. ft., four story Four
- [Small Business Facade Improvement Program To Accept More Applications This Spring](https://capitalizealbany.com/news-events/2019/04/small-business-facade-improvement-program-to-accept-more-applications-this-spring/) - Additional City of Albany Small Business Facade Improvement Program applications will be accepted as part of a spring 2019 funding window concluding the program's third round. More details about the application process and deadlines will be announced within the next several weeks. The fall 2018 funding window opened on Sept. 4 and closed on Oct. 19,
- [Registration Open For Irish Sweat-er 5K and Family Cultural Festival In Downtown](https://capitalizealbany.com/news-events/2019/03/registration-open-for-irish-sweat-er-5k-and-family-cultural-festival-in-downtown/) - The Irish American Heritage Museum, in partnership with the Downtown Albany Business Improvement District and ARE Event Productions, will host the second annual Irish Sweat-er 5K in Albany. Supported in part by the Amplify Albany Grant Program, the IAHM will offer an expanded slate of events for the second annual initiative. The events' programming — including lectures,
- [Inaugural Winter Art Festival Launched By Albany Distilling And Albany Center Gallery](https://capitalizealbany.com/news-events/2019/03/inaugural-winter-art-festival-launched-by-albany-distilling-and-albany-center-gallery/) - More than 300 people attended this exciting inaugural event. Supported in part by the Amplify Albany Grant Program, this new initiative has the potential to expand annually, support local businesses and the district’s growing connection to the arts. Albany Distilling Company and Albany Center Gallery hosted their inaugural Winter Art Fest at 75 Livingston Ave,
- [Ashley Mohl Of Capitalize Albany Selected As A Member Of The 2019 Albany Business Review 40 Under 40 Class](https://capitalizealbany.com/news-events/2019/03/ashley-mohl-of-capitalize-albany-selected-as-a-member-of-the-2019-albany-business-review-40-under-40-class/) - Join the Capitalize Albany team in congratulating her, Capitalize Albany Corporation's Ashley Mohl was selected as one of the Albany Business Review's 2019 40 Under 40 winners. Now celebrating 20 years of an annual 40 Under 40 class, the Albany Business Review has recognized the Capital Region’s greatest talent through its annual program. These annual awards acknowledge the professionals
- [First Phase Of Transformative $78 Million Downtown Albany Project Under Way](https://capitalizealbany.com/news-events/2019/02/first-phase-of-transformative-78-million-downtown-albany-project-under-way/) - The first $21.5 million phase of a transformative $78 million investment in downtown Albany is under way beginning with the renovation of a vacant 112,000 sq. ft. office building, 16 Sheridan Avenue. Announced by Governor Cuomo in December — Redburn Development Partners will invest $78 million to renovate and rehabilitate seven prominent buildings in downtown
- [New Winter Art Festival In Albany On March 2](https://capitalizealbany.com/news-events/2019/02/new-winter-art-festival-in-albany-on-march-2/) - Supported in part by the Amplify Albany grant program, a program made possible by the City of Albany Capital Resource Corporation — Albany Distilling Company and Albany Center Gallery will host their inaugural Winter Art Fest at 75 Livingston Ave, Albany Distilling’s Bar & Bottle Shop on March 2 from 2 p.m. - 7 p.m. With the goal of
- [Seven New Apartments To Soon Come Online Above Long Standing Coulson's](https://capitalizealbany.com/news-events/2019/01/seven-new-apartments-to-soon-come-online-above-long-standing-coulsons/) - With Coulson’s News and Deli on its first floor, the renovation of 420 Broadway is transforming the building’s underutilized upper floors into seven one-bedroom market-rate apartments planned to come online this spring. The project is made possible in part by a grant from New York State Homes and Community Renewal’s (HCR) New York Main Street
- [80 Central Avenue Investment To Support Three Impactful Non-Profits Serving The Capital Region](https://capitalizealbany.com/news-events/2019/01/80-central-avenue-investment-to-support-three-impactful-non-profits-serving-the-capital-region/) - In #Albany, with support from many, 80 Central Avenue is transformed and now the new home and shared space for three non-profits doing incredible work in the greater Capital Region - Northeastern Association of The Blind at Albany, @GirlsIncGCR, LifePath: https://t.co/pzlZD6Bd5f pic.twitter.com/WnrYOYykgO — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) January 17, 2019 On Thursday, Girls Inc. of the
- [Extensive $48 Million Rehabilitation Project Under Way In Arbor Hill Neighborhood](https://capitalizealbany.com/news-events/2019/01/extensive-48-million-rehabilitation-project-under-way-in-arbor-hill-neighborhood/) - Construction is under way, more than 200 affordable housing and mixed-income residential units are taking shape within 70 row houses as part of Home Leasing's $47.8 million project in the Arbor Hill neighborhood and along Clinton Avenue and Ten Broeck Triangle. Each building is undergoing a gut rehab, Home Leasing is completing approximately three buildings
- [Site Work Has Begun, 9W Project To Bring New Development, Streetscape Improvements](https://capitalizealbany.com/news-events/2018/12/site-work-has-begun-for-9w-project-to-bring-new-development-streetscape-improvements/) - Mt. Hope Commons site work started in November, the new $10 million project at 351 Southern Boulevard is under way. This investment is expected to create 60 jobs (30 construction and 30 permanent) and provide new neighborhood amenities. A project made possible with support from the City of Albany Industrial Development Agency, portions of this project will
- [$51.6 Million Sandidge Way Investment To Boost Revenue Generated More Than Four Times For Local Taxing Jurisdictions](https://capitalizealbany.com/news-events/2018/11/51-6-million-investment-in-albany-to-boost-revenue-generated-more-than-four-times-for-local-taxing-jurisdictions/) - 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
- [City of Albany Projects Receive $5.9 Million from Regional Economic Development Council (REDC) Initiative Round VIII](https://capitalizealbany.com/news-events/2018/12/city-of-albany-projects-receive-5-9-million-from-regional-economic-development-council-redc-initiative-round-viii/) - In meeting @NYGovCuomo and the Regional Council’s challenge this year $67M will support strategic investments throughout the Capital Region — including new investments to take shape in the City of #Albany, having an incredible impact on the Capital City’s building momentum. pic.twitter.com/SqhtJNQIwJ — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) December 18, 2018 Click Here To Read The Announcement's
- [Plan for First Downtown Residential New Construction Project Progresses](https://capitalizealbany.com/news-events/2018/01/plan-for-first-downtown-residential-new-construction-project-progresses/) - Read More And View The Press Release A new construction project at 760 Broadway will transform the vacant property, bring new revenue to Albany’s taxing jurisdictions and create a total of 88 new apartment units. The project is expected to be completed in the fall of 2019. To take shape at the 1.4-acre parking lot,
- [Downtown Residential On Track As 2018 Gets Under Way](https://capitalizealbany.com/news-events/2018/01/downtown-residential-on-track-as-2018-gets-under-way/) - Since the Downtown residential initiative's inception in 2002, with progress driven by Impact Downtown Albany implementation, Albany's newest neighborhood is becoming home to more and more. As 2018 gets under way, the number of downtown apartment units completed and the hundreds currently under construction combined total more than 800 units. Supporting Impact Downtown implementation and utilized
- [TRANSFORMATIVE $78 MILLION INVESTMENT ANNOUNCED BY GOVERNOR CUOMO TO TRANSFORM SEVEN PROPERTIES IN THE HEART OF DOWNTOWN ALBANY](https://capitalizealbany.com/news-events/2018/12/transformative-78-million-downtown-albany-investment-announced-by-governor-cuomo/) - 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
- [New Life for Long Energy Site with More Than 70 Market-Rate Apartments Coming to The Hudson/Park Neighborhood](https://capitalizealbany.com/news-events/2017/02/new-life-for-long-energy-site-with-more-than-70-market-rate-apartments-coming-to-the-hudsonpark-neighborhood/) - Click Here to View The Announcement Press Release Located between Albany’s Washington Park, Lincoln Park and downtown Albany, the Hudson/Park Neighborhood is known for its location convenience, nearby parks and cultural diversity. As part of an adaptive re-use plan to transform the Long Energy site properties and warehouse building at 160 Myrtle Ave—the Long Energy site
- [Mixed-Use Development to Bring Affordable Housing and New Amenities to Central Avenue Business District](https://capitalizealbany.com/news-events/2018/10/new-mixed-use-development-to-bring-affordable-housing-and-new-amenities-to-central-avenue-business-district/) - 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
- [Dec. 2- 16 | The Historic Holiday Market Trail](https://capitalizealbany.com/news-events/2018/11/7392/) - Supported by the Amplify Albany grant program, Albany Barn and the Ten Broeck Mansion have formed a partnership to expand their annual holiday programming. This holiday season the Albany Barn and Ten Broeck Mansion will present The Historic Holiday Market Trail. Programming kicks off on December 2 and runs through December 16 featuring a series of artisan
- [@HudsonPark Apartments Opening In Early 2019](https://capitalizealbany.com/news-events/2018/12/hudsonpark-apartments-opening-in-early-2019/) - Located between Albany’s Washington Park, Lincoln Park and downtown Albany, the Hudson/Park Neighborhood is known for its location convenience, nearby parks and cultural diversity. As part of an adaptive reuse plan to transform the Long Energy site properties and warehouse building at 160 Myrtle Ave — the Long Energy site in the Hudson/Park Neighborhood will be
- [Building For Tomorrow 2018](https://capitalizealbany.com/news-events/2018/11/building-for-tomorrow-2018-2/) - 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
- [Expanded Fort Orange Holiday Market Returns for 2018 Season](https://capitalizealbany.com/news-events/2018/11/expanded-fort-orange-holiday-market-returns-for-2018-season/) - The Fort Orange General Store's Holiday Market is returning for the 2018 season. Supported by the Amplify Albany Grant Program and with momentum gained after the Store’s inaugural Holiday Market in 2017, the scope of this year's Holiday Market has expanded. The Market will feature a significant number of new vendors totaling more than 30
- [Nov. 27 | Building For Tomorrow 2018](https://capitalizealbany.com/news-events/2018/11/building-for-tomorrow-2018/) - An annual event, Building For Tomorrow will be hosted this year in Albany's warehouse district at Fort Orange Brewing — enjoy networking, a look at the new investment taking shape in the City of Albany, and an exciting panel discussion on local and statewide trends developing in the craft beverage industry. Hear from C.H. Evans
- [RFP: Banking/Investment Services](https://capitalizealbany.com/news-events/2018/10/rfp-banking-investment-services/) - Capitalize Albany Corporation is requesting proposals from qualified financial institutions to provide banking/investment services for a portion of its current unrestrictive fund balance. The objective is to identify the financial institution that can offer their services at the most competitive rates net of fees. Click Here To View And Download The Request For Proposals Respondent
- [International Downtown Association Awards Downtown Albany Residential Development Strategy](https://capitalizealbany.com/news-events/2018/11/international-downtown-association-awards-downtown-albany-residential-development-strategy/) - Click here to view the announcement's press release During its 64th Annual Conference and Tradeshow in San Antonio, the International Downtown Association recognized Capitalize Albany Corporation and the Downtown Albany Residential Development Infinitive, awarding the strategic plan a certificate of merit. The City began the Downtown Residential Development Initiative in 2002 with the purpose of
- [IGNITE 2018 In Albany](https://capitalizealbany.com/news-events/2018/10/ignite-2018-in-albany/) - IGNITE is an annual festival that supports non-profits and volunteer opportunities in the community. With support from Amplify Albany, programming is expanding this year providing more connections to local organizations, it will be held on Nov. 8 at the Albany Capital Center from 6 to 9 p.m. The event will also feature music from the
- [Amplify Albany | Classics of Science Fiction Film Festival & Lecture Series at The Linda](https://capitalizealbany.com/news-events/2018/10/amplify-albany-classics-of-science-fiction-film-festival-lecture-series-at-the-linda/) - November 1 - 4, the Writing and Critical Inquiry Program (WCI) at the University at Albany, in collaboration with The Linda, WAMC’s Performing Arts Studio, will host “Classics of Science Fiction,” the WCI Film Festival and Lecture Series’ third annual weekend-long educational and creative celebration. In Oct. 2016 and 2017 programming each year attracted hundreds
- [Capitalize Albany Welcomes Newest Team Member](https://capitalizealbany.com/news-events/2018/10/capitalize-albany-welcomes-newest-team-member/) - Strengthening its team’s wide-ranging expertise — Genevieve Zurowski has joined Capitalize Albany Corporation as Executive Assistant. Instrumental in the management of day-to-day operations, as Executive Assistant Genevieve also provides vital support services for the Corporation’s President and economic development team. Prior to Capitalize Albany — Genevieve worked under Governor Andrew M. Cuomo’s administration as Special
- [Reminder: Oct. 19 Deadline for City Of Albany Small Business Facade Improvement Program](https://capitalizealbany.com/news-events/2018/10/reminder-oct-19-deadline-for-city-of-albany-small-business-facade-improvement-program/) - 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
- [International Economic Development Council Recognizes Downtown Albany Residential Initiative For Excellence In Economic Development](https://capitalizealbany.com/news-events/2018/10/international-economic-development-council-recognizes-downtown-albany-residential-initiative-for-excellence-in-economic-development/) - Read More In The Announcement's Press Release During its 2018 annual conference in Atlanta, GA in October, the International Economic Development Council (IEDC) recognized the success of Albany’s downtown residential development strategy, presenting the Silver Excellence in Economic Development award. The City began the Downtown Residential Development Initiative in 2002 with the purpose of increasing
- [Reinvestment In Strategic Programming Is Strengthening Neighborhoods Throughout The City of Albany](https://capitalizealbany.com/news-events/2018/10/reinvestment-in-strategic-programming-is-strengthening-neighborhoods-throughout-the-city-of-albany/) - 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](https://capitalizealbany.com/news-events/2018/10/morris-street-apartment-building-poised-to-further-park-south-revitalization/) - 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
- [Governor Cuomo Announces Clinton Square As $10 Million Capital Region Winner Of The Third-Round Downtown Revitalization Initiative](https://capitalizealbany.com/news-events/2018/09/governor-cuomo-announces-clinton-square-as-10-million-capital-region-winner-of-the-third-round-downtown-revitalization-initiative/) - 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](https://capitalizealbany.com/news-events/2018/09/renewal-of-dana-ave-properties-furthers-park-south-revitalization-confirming-promise-of-neighborhood-plan/) - 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,
- [SAUCE 2018 In Albany](https://capitalizealbany.com/news-events/2018/09/sauce-2018-so-amazing-u-cant-even/) - Amplify Albany supported programming, SAUCE (So Amazing U Can't Even) is a multi-venue schedule of programming focused on music, fare from local businesses and dancing. Supported programming will take place in Albany, with additional programming throughout the Capital Region. Each venue will be hosting a DJ or live music, and will be offering a unique
- [New Scotland Ave Restaurant Week September 24 through 30](https://capitalizealbany.com/news-events/2018/09/new-scotland-ave-restaurant-week-sept-24-30/) - The Helderberg Neighborhood Association will be partnering with local restaurants on New Scotland Ave between Monday September 24th and Sunday September 30th for its first ever restaurant week. Supported by the Amplify Albany Grant Program, a program made possible by the City of Albany Capital Resource Corporation, this event support's the Association’s work to showcase each of
- [Bull Moose Club Coworkding Space Opening at 150 State Street](https://capitalizealbany.com/news-events/2018/09/bull-moose-club-coworkding-space-opening-at-150-state-street/) - A sneak peek tour of the @bullmooseALBANY, set to begin operations soon. Take a first look at the completed coworking space and learn more: https://t.co/z0IPbWw5KQ pic.twitter.com/hQvgwVNsDx — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) September 12, 2018 A new Albany coworking space located at 150 State Street, the 10,000 sq. ft. ‘Bull Moose Club’ will be home to a
- [Career Opportunity | Executive Assistant](https://capitalizealbany.com/news-events/2018/09/career-opportunity-executive-assistant-2/) - Capitalize Albany Corporation is looking for a highly-motivated and experienced Executive Assistant to join our fast-paced and dynamic team.
- [City of Albany Small Business Facade Improvement Program Third Round Launched](https://capitalizealbany.com/news-events/2018/09/city-of-albany-small-business-facade-improvement-program-third-round-launched/) - 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](https://capitalizealbany.com/news-events/2018/08/new-student-housing-facility-opens-at-1385-washington-avenue-supporting-growth-at-albany-world-class-institutions/) - 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
- [New Coworking Facility Opens at 488 Broadway](https://capitalizealbany.com/news-events/2018/08/a-new-coworking-facility-opens-at-488-broadway/) - The newest addition to #Albany's coworking landscape, @colab_albany opens at 488 Broadway: https://t.co/8DEeexomjA pic.twitter.com/9qRapV2hLL — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) August 13, 2018 CoLab held its official grand opening on Monday. One of the newest additions to downtown located at 488 Broadway, CoLab lights up another critical storefront and amplifies downtown Albany’s building momentum. Supported by Impact
- [Skyway Feasibility Study Findings and Final Recommended Design Presented](https://capitalizealbany.com/news-events/2018/08/skyway-feasibility-study-findings-and-final-recommended-design-presented/) - Click here to view the announcement's press release The Skyway engineering, design and economic analyst team discussed the findings of the #Skyway feasibility study and presented the final recommended concept based on the community’s input @PalaceAlbany: https://t.co/uvi8lsJ39u pic.twitter.com/rVTtrLpuo6 — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) August 10, 2018 Capitalize Albany Corporation hosted its third and final event as
- [Skyway Feasibility Study Findings and Final Recommended Design Presentation](https://capitalizealbany.com/news-events/2018/08/skyway-feasibility-study-findings-and-final-recommended-design-presentation/) - Capitalize Albany Corporation is hosting its third and final event as part of a series that has engaged and informed the public regarding the Skyway's design and engineering. On Thursday, August 9 at the Palace Theatre from 5:30 p.m. – 7 p.m. the engineering, design and economic analyst team will discuss the findings of the Skyway feasibility
- [City Of Albany Small Business Facade Improvement Program Round III Opening In September](https://capitalizealbany.com/news-events/2018/08/city-of-albany-small-business-facade-improvement-program-opening-in-september/) - 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
- [Art For All Weekend In Downtown Albany](https://capitalizealbany.com/news-events/2018/07/art-for-all-weekend-in-downtown-albany/) - A multi-day weekend event made possible in part by the Amplify Albany Grant Program will drive foot traffic downtown, supporting local businesses — Albany Center Gallery’s Art For All event takes place August 3rd and 4th. Mural tour tickets and additional info is here: https://www.eventbrite.com/e/capital-walls-mural-tour-tickets-48031191587. Friday, August 3, 5 - 8 p.m. Friday is the
- [A Vibrant Summer With South Pearl Pop-Up Programming ](https://capitalizealbany.com/news-events/2018/07/a-vibrant-summer-with-south-pearl-pop-up-programming/) - Supporting Impact Downtown implementation, pop-up programming is building buzz this summer in downtown Albany. The Downtown Albany Business Improvement District's outdoor movie series Bites Camera Action is back. This year's events are transforming a section of South Pearl Street into an open-air movie theater and block party. Each Monday evening through August 20, popular films, including both classic favorites and
- [Second Public Event Gathers More Feedback On Skyway Preliminary Design and Engineering](https://capitalizealbany.com/news-events/2018/06/second-public-event-gathers-more-feedback-on-skyway-preliminary-design-and-engineering/) - The #Skyway is becoming part of the national conversation on development of elevated linear parks. Philadelphia, Chicago, Miami, London & New York’s Capital City are among the cities with High Line-style projects completed or in planning: https://t.co/V4S7oF32sr #Albany pic.twitter.com/147jq8lRbW — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) May 29, 2018 The Skyway is becoming part of the international conversation on development
- [New Central Avenue Mixed-Use Development to Restore Historic Property and Bring 36 Apartments Online](https://capitalizealbany.com/news-events/2018/07/new-central-avenue-mixed-use-development-to-restore-historic-property-and-bring-36-apartments-online/) - Announcement's Press Release A new $4.6 million investment is projected to create 55 jobs (52 constructions and 3 permanent), revitalize a historic building at the corner of Central Avenue and Lark Street that has been vacant for a decade, and bring new mixed-use development that will strengthen the Central Avenue business district and surrounding Lark
- [Rehabilitation Project Restores Broadway Buildings and Brings 15 New Apartments to The Warehouse District](https://capitalizealbany.com/news-events/2018/07/rehabilitation-project-restores-broadway-buildings-and-brings-15-new-apartments-to-the-warehouse-district/) - 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](https://capitalizealbany.com/news-events/2018/07/bull-moose-club-coworking-space-opening-in-september/) - 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,
- [Expanding Expertise New Board Members Strengthen City of Albany Economic Development Organization](https://capitalizealbany.com/news-events/2018/07/expanding-expertise-new-board-members-strengthen-city-of-albany-economic-development-organization/) - Click Here To View The Announcement's Press Release Strengthening its Board of Director’s wide-ranging expertise — superintendent of the City School District of Albany Kaweeda G. Adams, president and CEO of the Business Council of New York State Heather C. Briccetti, and Nine Pin Ciderworks owner Sonya del Peral, announced today, have accepted appointments to
- [9W Project to Bring New Development, Streetscape and Transportation Improvements](https://capitalizealbany.com/news-events/2018/05/9w-project-to-bring-new-development-streetscape-and-transportation-improvements/) - A new $10 million investment at 351 Southern Boulevard will create 60 jobs (30 construction and 30 permanent) and provide new neighborhood amenities. A project made possible with support from the City of Albany Industrial Development Agency, on Thursday the City of Albany IDA board approved an application to provide financial assistance to 351 Diamond
- [South End Healthy Market Expands 2018 Programming](https://capitalizealbany.com/news-events/2018/07/south-end-healthy-market-expands-2018-programming/) - AVillage has been an advocate and innovator in the sound end neighborhood of Albany for eight years. Its work focuses on addressing severe health disparities in the community as its mission is to improve the quality of life for residents in the south end neighborhood. The goal of the South End Healthy Market, which is
- [S.T.E.A.M Garden Business Incubator Breaks Ground to Establish New Center for Innovation and Technology](https://capitalizealbany.com/news-events/2018/06/s-t-e-a-m-garden-business-incubator-breaks-ground-to-establish-new-center-for-innovation-and-technology/) - 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
- [Ida Yarbrough Homes Redevelopment Will Provide 161 Affordable Homes In Albany](https://capitalizealbany.com/news-events/2018/06/ida-yarbrough-homes-redevelopment-will-provide-161-affordable-homes-in-albany/) - Ida Yarbrough Homes redevelopment’s Phase I is now completed and construction of Phase II has started. The Ida Yarbrough Homes Redevelopment is a multi-phase, multi-year effort to reinvent a key Albany location and develop new homes for low- and moderate- income families. Developed by the Albany Housing Authority, the Ida Yarbrough Homes is part of
- [Capital City Cycle Tour Expands Operations Bringing 14-Person ‘Brewcycle’ Tour to The Warehouse District  ](https://capitalizealbany.com/news-events/2018/06/capital-city-cycle-tour-expands-operations-bringing-14-person-brewcycle-tour-to-the-warehouse-district/) - Congrats to @CapCtyBrewCycle, the Capital City Cycle Tour team, on their expansion of operations with a new route that explores #Albany's craft beverage producers throughout the warehouse district. https://t.co/YcwziNwAUU #ImpactDowntown pic.twitter.com/LaAXNzHlCy — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) June 22, 2018 Click here for the announcement's press release Capital City Cycle Tour announced the expansion of its operations
- [New Loch & Quay Opens with Completion of Mixed-Use Redevelopment at 414 Broadway](https://capitalizealbany.com/news-events/2018/06/7028/) - Celebration today @ 414 Broadway in #Albany marking completion of the building's renovation & grand opening of Loch & Quay, downtown's newest bar & restaurant. A project made possible w/support f/ @NYGovCuomo , @NYSHCR, @EcoDevNG, #CapAlbGrants, @AlbanyBID https://t.co/mOKqbtdYYw pic.twitter.com/TohoGVtnup — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) June 22, 2018 Click Here: Announcement's Press Release Photos: Visit Capitalize Albany's
- [Local CFA Workshop at Albany City Hall](https://capitalizealbany.com/news-events/2018/06/local-cfa-workshop-at-albany-city-hall/) - Governor Cuomo's transformative Regional Economic Development Councils Round VIII consolidated funding application (CFA) process is under way and Capitalize Albany Corporation will be hosting an informational session and application workshop on Wednesday June 27 at Albany City Hall from 5:30 - 6:30 p.m. Empire State Development's Capital Region Director will be on site to answer questions and provide assistance to
- [May 22 | Skyway Public Design Review](https://capitalizealbany.com/news-events/2018/05/may-22-skyway-public-design-review/) - Please RSVP If you haven't already take the 10-question online survey, let the design team know what matters to you. With support from Governor Cuomo and the announced $3.1 million committed, Capitalize Albany Corporation is continuing to gather public input with a second public event in order to generate ideas that will support the Skyway’s
- [First Evening of Planned All Over Albany Speaker Series Supports Five Downtown Businesses And Features Presidential Historian Alexis Coe](https://capitalizealbany.com/news-events/2018/05/first-evening-of-planned-all-over-albany-speaker-series-brings-presidential-historian-alexis-coe-and-supports-five-downtown-businesses/) - First evening of @alloveralbany speaker series supports 5 #Albany businesses and features Presidential Historian @AlexisCoe. May 24th, #CapAlbGrants #ImpactDowntown, learn more: https://t.co/6giWjqDpTx pic.twitter.com/9jHRDog33D — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) May 21, 2018 All Over Albany has produced many events, but an Amplify Albany grant award is supporting an inaugural event as part of a planned speaker series.
- [New Seasonal Programming Expands Authentic Downtown Albany Tourism Offerings](https://capitalizealbany.com/news-events/2018/05/new-programming-expands-authentic-downtown-seasonal-tourism-offerings/) - Expanding authentic downtown #Albany tourism offerings, downtown's newest walking tour has just launched. The Historic Downtown Albany Food Tour, learn more https://t.co/noFJ1wKp1a #AmplifyAlbany #ImpactDowntown pic.twitter.com/HvztosYIwf — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) May 7, 2018 Expanding operations, Taste of Troy Food Tours has brought its programming to downtown Albany. Supported by the Amplify Albany grant program, the newest seasonal
- [#EconDevWeek | National Economic Development Week 2018](https://capitalizealbany.com/news-events/2018/05/econdevweek-national-economic-development-week-2018/) - The week-long initiative was created by the International Economic Development Council. Economic Development Week recognizes the work of field professionals, community organizations and leaders to raise awareness about the impact from initiatives and programs improving quality of life and creating jobs in cities across the world. In observance of Economic Development Week Capitalize Albany is joining the conversation online with other
- [Eighth Round of The Regional Economic Development Councils Initiative](https://capitalizealbany.com/news-events/2018/04/eighth-round-of-regional-economic-development-councils-initiative-is-under-way/) - Governor Cuomo's transformative Regional Economic Development Councils Round VIII consolidated funding application (CFA) process has been announced and Capitalize Albany staff is available to assist applicants. More than $750 million in state economic development resources will be made available. CFA Process & Local Support The application process opens May 1. Capitalize Albany Corporation is available to coordinate letters of support
- [Underutilized Space at 420 Broadway to Take Shape as Seven New Apartments](https://capitalizealbany.com/news-events/2018/04/underutilized-space-at-420-broadway-to-take-shape-as-seven-new-apartments/) - In recent years, new investment has strengthened downtown Albany’s Broadway, today a walkable retail destination in the downtown core. The fabric of the downtown neighborhood continues to evolve as new retail and downtown living opportunities come online. Retaining Coulson’s News and Deli on its first floor, the renovation of 420 Broadway will transform the building’s
- [Albany Skyway Preliminary Design and Engineering Work Under Way](https://capitalizealbany.com/news-events/2018/04/albany-skyway-preliminary-design-and-engineering-work-under-way/) - The Impact Downtown Albany strategic plan, the City’s comprehensive plan, LWRP and waterfront master plan show demand for, and an economic need to increase connections from downtown to the waterfront. With support from New York State, Governor Cuomo and the recently announced $3.1 million committed, Capitalize Albany Corporation and the Albany Skyway project team are
- [Albany Distilling Expands With New Bar And Bottle Shop](https://capitalizealbany.com/news-events/2018/04/albany-distilling-expands-with-new-bar-and-bottle-shop/) - .@AlbDistCo's new Bar & Bottle Shop is part of a $1 million-plus investment and expansion which renovated 75 Livingston Avenue into a new bar, retail shop, tasting room and outdoor patio space. https://t.co/ATcVcWdRgp #ImpactDowntown #Albany pic.twitter.com/vOlHiyd2kA — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) April 9, 2018 Photos: www.AllOverAlbany.com The Albany Distilling Company's new facility at 75 Livingston Avenue officially opened
- [Restore NY Program Supports City of Albany Neighborhood Revitalization and Rehabilitation of Vacant 251 North Pearl Street](https://capitalizealbany.com/news-events/2018/03/restore-ny-program-supports-city-of-albany-neighborhood-revitalization-and-rehabilitation-of-vacant-251-north-pearl-street/) - PRESS RELEASE: Click Here To Read More Governor Andrew M. Cuomo announced Monday the City of Albany will receive $1.8 million in funding as part of Round 5 of the Restore New York Communities Initiative to be utilized for renovation of the vacant 251 North Pearl Street, into the new and permanent home of the
- [Downtown Albany Family-Run Authentic Greek Kitchen Opens For Business](https://capitalizealbany.com/news-events/2018/03/downtown-albany-family-run-authentic-greek-kitchen-opens-for-business/) - We are excited to welcome The Taverna as downtown #Albany’s restaurant landscape continues to diversify. Due to its size, hours and unique features, The Taverna will serve as a key amenity for those living, working and visiting downtown. https://t.co/aY1CHmhDAq pic.twitter.com/YJLjCGGXK9— Capitalize Albany (@CapAlbanyCorp) March 14, 2018 PRESS RELEASE: CLICK HERE TO READ MORE A new
- [Look Up on North Pearl and Pine Streets to Find The Newest Downtown Apartments](https://capitalizealbany.com/news-events/2018/03/6709/) - Officially welcomed to #Albany today, the Residences at Capital Center is another critical project advancing downtown’s momentum, keeping us on pace to catalyze growth supported by the #ImpactDowntown strategic plan. https://t.co/KZsZqdGObN pic.twitter.com/cpS4XVPcjf — Capitalize Albany (@CapAlbanyCorp) March 6, 2018 Press Release: Click Here To Read More Photos available at Capitalize Albany's Facebook Page Renovation of
- [Capitalize Albany to Host Public Engagement Kick Off Regarding Albany Skyway Design and Engineering](https://capitalizealbany.com/news-events/2018/03/capitalize-albany-to-host-public-engagement-kick-off-regarding-albany-skyway-design-and-engineering/) - .@CapAlbanyCorp is kicking off the Albany Skyway project with a public engagement event in order to generate ideas that will support the project’s initial design and engineering. The project team wants to hear what matters to you. RSVP and learn more here: https://t.co/R76Ep7bzSU pic.twitter.com/9PGO3NErZp — Capitalize Albany (@CapAlbanyCorp) March 5, 2018 With support from
- [363 Ontario Street Project To Reinvest In Pine Hills Neighborhood](https://capitalizealbany.com/news-events/2018/03/363-ontario-street-project-to-reinvest-in-pine-hills-neighborhood/) - Press Release: Click Here To Read More A redevelopment plan for Albany’s Playdium Bowling Center will reinvest $16.2 million into the 1.8 acre parcel located at 363 Ontario Street in Albany’s Pine Hills Neighborhood. The completed project will immediately double payments to local taxing jurisdictions, and is projected to generate $4.76 million in payments in
- [Art Funds Art Tour At Albany Social Justice Center](https://capitalizealbany.com/news-events/2018/02/art-funds-art-tour-at-albany-social-justice-center/) - Supported by the Amplify Albany grant program and Holding Our Own Inc., the ART FUNDS ART TOUR has been organized by a local musician. The tour is a new concert series that uses music to support diverse artist groups within each community on the tour. The tour will visit several cities and will be hosted
- [Home Run For Warehouse District](https://capitalizealbany.com/news-events/2018/02/home-run-for-warehouse-district/) - Making an investment in #Albany’s warehouse district, the @SoTroyDodgers are expanding seasonal programming and have opened a year-round training facility. https://t.co/7XcTBJvS6E pic.twitter.com/aiFmA8b2jn — Capitalize Albany (@CapAlbanyCorp) February 12, 2018 Making an investment in Albany's warehouse district, the South Troy Dodgers are expanding seasonal programming and have opened a year-round training facility. The South Troy Premiere
- [Winter 2018 Funding Window: City of Albany Small Business Facade Improvement Program](https://capitalizealbany.com/news-events/2018/01/winter-2018-funding-window-city-of-albany-small-business-facade-improvement-program/) - Additional City of Albany Small Business Facade Improvement Program applications will be accepted as part of the winter 2018 funding window beginning February 5. This funding window will close March 31, concluding the program's second round. The fall 2017 funding window closed on November 30, 2017. The number and value of grants available as part of the
- [Extensive Rehabilitation Project to Infuse Albany Neighborhoods with New Energy](https://capitalizealbany.com/news-events/2017/12/extensive-rehabilitation-project-to-infuse-albany-neighborhoods-with-new-energy/) - Home Leasing has committed to rehabilitating 210 units of housing in the Arbor Hill neighborhood and along Clinton Avenue and Ten Broeck Triangle. Local momentum caught the Rochester based developer’s attention, nearly 100 new affordable homes recently came online in Sheridan Hollow—implementation of a comprehensive neighborhood revitalization strategy redeveloped the Sheridan Hollow neighborhood into a
- [City of Albany Projects Receive $10.3 Million from Regional Economic Development Council (REDC) Initiative Round VII](https://capitalizealbany.com/news-events/2017/12/city-of-albany-projects-receive-10-3-million-from-regional-economic-development-council-redc-initiative-round-vii/) - The New York State Regional Economic Development Council (REDC) initiative awarded City of Albany projects with approximately $10.3 million ($10,313,807) in funding Wednesday. Overall, the Capital Region—a top performer—was awarded a total of $85 million in funding for 110 projects. Of these 110 projects, 16 directly benefit activities within the City of Albany and will
- [Capitalize Albany and Convention Center Authority Collaboration Moves Forward Toward Redevelopment Success at Liberty Park](https://capitalizealbany.com/news-events/2017/12/capitalize-albany-and-convention-center-authority-collaboration-moves-forward-toward-redevelopment-success-at-liberty-park/) - 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
- [Capitalize Albany Issues Request For Proposals Regarding Design and Engineering Of Albany Skyway Project](https://capitalizealbany.com/news-events/2017/12/capitalize-albany-issues-request-for-proposals-regarding-design-and-engineering-of-albany-skyway-project/) - Read The Announcement Press Release Here With support from Governor Cuomo’s Regional Economic Development Council initiative and New York State, Capitalize Albany Corporation issued a request for proposals to kick off the Albany Skyway project. The Corporation is seeking respondents to complete initial design and engineering of a linear park on an underutilized off-ramp of
- [New Dog Park To Serve As Neighborhood Attraction As Downtown Residential Growth Continues](https://capitalizealbany.com/news-events/2017/11/new-dog-park-to-serve-as-neighborhood-attraction-as-downtown-residential-growth-continues/) - The gates of the Olde English Downtown Dog Park are now officially open in Albany. The park serves as a significant neighborhood amenity as downtown's residential base continues to grow, with 50 percent of its residential properties now welcoming pets. More than 650 downtown residential units have been completed or are currently under construction. This
- [Local Vendors, Makers And Holiday Cheer Displayed At The Downtown Albany Arcade](https://capitalizealbany.com/news-events/2017/12/local-vendors-makers-and-holiday-cheer-displayed-at-the-downtown-albany-arcade/) - The Fort Orange General Store kicked off its four-week Holiday Market in downtown Albany’s Arcade Building Thursday. Going forward, each Friday evening and ending the evening of December 22, the Holiday Market will feature 20 vendors (rotating each week) selling locally made and sourced goods, live entertainment, art exhibits, restaurant promotions, and drop-in workshops at the Fort
- [A Local 'Clicks To Bricks' Story: Crazy 4 Green Diecast Replicas Opens Downtown Albany Store](https://capitalizealbany.com/news-events/2017/11/a-local-clicks-to-bricks-story-crazy-4-green-diecast-replicas-opens-downtown-albany-store/) - A local 'clicks to bricks' story in downtown #Albany. Crazy 4 Green Diecast Replicas is now a part of Steuben Alley. https://t.co/Giy4Q1H6hK #ImpactDowntown pic.twitter.com/BkYdVfMJlZ — Capitalize Albany (@CapAlbanyCorp) November 20, 2017 Crazy 4 Green Diecast Replicas, a specialty retail destination selling auto and machinery models was welcomed to downtown Albany on Wednesday, November 15 at
- [World-Class Special Effects Company Locates Downtown Under START-UP NY Partnership ](https://capitalizealbany.com/news-events/2017/11/world-class-special-effects-company-locates-downtown-under-start-up-ny-partnership/) - .@Branch_VFX, a "tier one" special effects company locates downtown under new Start-Up NY partnership @ualbany https://t.co/O2Nz7LvgS1 #ImpactDowntown — Capitalize Albany (@CapAlbanyCorp) November 20, 2017 The University at Albany announced the latest company to join UAlbany’s expanding START-UP NY portfolio—Branch VFX. A boutique special effects firm with New York City and LA offices, Branch VFX is a
- [New Holiday Market Announced For Downtown Albany](https://capitalizealbany.com/news-events/2017/11/new-holiday-market-announced-for-downtown-albany/) - The Fort Orange General Store will celebrate its inaugural holiday season with a Holiday Market in downtown Albany’s Arcade Building and the Fort Orange General Store. The market will feature 20 vendors (rotating each week) selling locally made and sourced goods, live entertainment, art exhibits, restaurant promotions, and drop-in workshops at the Fort Orange General
- [Building For Tomorrow 2016](https://capitalizealbany.com/news-events/2016/11/building-for-tomorrow-2016/) - 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
- [Building For Tomorrow 2017](https://capitalizealbany.com/news-events/2017/11/building-for-tomorrow-2017/) - 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
- [Fort Orange Brewing Joins Dynamic Cluster Of Albany Craft Beverage Producers](https://capitalizealbany.com/news-events/2017/10/fort-orange-brewing-joins-dynamic-cluster-of-albany-craft-beverage-producers/) - Joining the #Albany warehouse district's dynamic cluster of craft beverage producers—@ninepincider, @AlbDistCo, @DruthersBrewing, @AlbPumpStation—welcome @FortOrangeBrew. Celebrating its opening this evening. pic.twitter.com/tXT8RRfurP — Capitalize Albany (@CapAlbanyCorp) October 25, 2017 Joining the Albany warehouse district’s dynamic cluster of craft beverage producers, Fort Orange Brewing is now open at 450 North Pearl Street. It’s located within just
- [Zombie Herd Returns To Upper Madison In Albany](https://capitalizealbany.com/news-events/2017/10/zombie-herd-returns-to-upper-madison-in-albany/) - For a second year, the undead have taken over Albany's Madison Theater. Event-goers can join the zombie herd for the four-night film festival, "The Zombies Are Coming 2: Return Of The Film Festival," organized by the University at Albany's Writing and Critical Inquiry program. A range of films produced throughout history that have shaped the
- [Nordic On New Scotland Initiative To Strengthen Business Corridor This Winter](https://capitalizealbany.com/news-events/2017/10/nordic-on-new-scotland-initiative-to-support-business-corridor-this-winter/) - Oct. 21-22 | Nordic On New Scotland Kickoff Supported by the Amplify Albany grant program, the Capital Region Nordic Alliance, Inc. (CRNA) has organized recreational programming that will run throughout the winter season this year and bring residents and New Scotland Ave businesses together. CRNA is a non-profit organization that provides opportunities for residents of
- [Introducing Amazon To The Heart Of Tech Valley](https://capitalizealbany.com/news-events/2017/10/introducing-amazon-to-the-heart-of-tech-valley/) - 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. https://www.youtube.com/watch?v=JvgbzG1x0b4&feature=youtu.be 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
- [$150,000 in Matching Grants Available To Help City of Albany Small Businesses Reinvest](https://capitalizealbany.com/news-events/2017/10/150000-in-matching-grants-available-to-help-city-of-albany-small-businesses-reinvest/) - 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
- [Renewal of Condemned Dana Ave Properties to Buoy Further Park South Revitalization Confirming Promise of Neighborhood Plan](https://capitalizealbany.com/news-events/2017/09/condemned-dana-ave-properties-renewal-to-buoy-further-park-south-revitalization-confirming-promise-of-neighborhood-plan/) - 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
- [International Economic Development Council Recognizes Wellington Row Revitalization For Excellence In Economic Development](https://capitalizealbany.com/news-events/2017/09/international-economic-development-council-recognizes-wellington-row-revitalization-for-excellence-in-economic-development/) - 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](https://capitalizealbany.com/news-events/2017/09/quality-new-storage-unit-facility-will-serve-as-critical-amenity-amid-residential-growth-in-albany-neighborhoods/) - 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
- [$10 Million Investment Transforms Office Building into 73 Apartments](https://capitalizealbany.com/news-events/2017/09/10-million-investment-transforms-office-building-into-73-apartments/) - Developers Ten Plus Ten’s new 73 market-rate units were welcomed to downtown Albany as officials came together for a ribbon cutting at 20 Park Residences, the latest completed downtown residential project. Prior to the conversion, the five-story and nearly 95,000-square-foot building was commercial office space. Supported by the Impact Downtown Albany strategic plan—a $10 million
- [Fort Orange Brewing Planning October Opening](https://capitalizealbany.com/news-events/2017/09/fort-orange-brewing-planning-october-opening/) - Joining the Albany warehouse district's dynamic cluster of craft beverage producers, Fort Orange Brewing is on track for a mid-to late October opening at 450 North Pearl Street. Fort Orange Brewing will be located within a few blocks of Druthers Brewing Co., Nine Pin Ciderworks, and Albany Distilling Co., which is set to open a retail store and tasting room at 75 Livingston
- [500+ Capital Region Maccabi Games Athletes Welcomed To Albany ](https://capitalizealbany.com/news-events/2017/08/500-capital-region-maccabi-games-athletes-welcomed-to-albany/) - The ending of a torch-relay began the opening ceremonies at the Times Union Center to kick off an Olympic-style sporting competition for Jewish teenagers, 13 to 16 years old. Held each summer in North America, the Maccabi Games are the second largest organized sports program for Jewish youth in the world. As part of the competition's opening
- [New Outdoor Patio Opens For Summer | Albany Distilling Co. Expansion Marks Impact Downtown Implementation Milestone](https://capitalizealbany.com/news-events/2017/08/new-outdoor-patio-opens-for-summer-albany-distilling-co-expansion-marks-impact-downtown-implementation-milestone/) - Albany's warehouse district has a new patio bar. Last month the Albany Distilling Company opened a new patio at its 75 Livingston Ave. location, completing the first phase of a $1 million+ restoration project that will transform the space into a new bar, retail store and tasting room. Work is planned for completion this fall. The new space will feature New
- [Albany Distilling Announces Expansion | A Key $1 Million+ Investment Strengthening The Connection Of Downtown Albany & The Warehouse District](https://capitalizealbany.com/news-events/2017/03/albany-distilling-announces-expansion-a-key-1-million-investment-strengthening-the-connection-of-downtown-albany-the-warehouse-district/) - 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
- [Doubling Its Impact Downtown Is Pawsome Expands](https://capitalizealbany.com/news-events/2017/07/doubling-its-impact-downtown-is-pawsome-expands/) - The Downtown Albany Business Improvement District's Downtown is Pawsome, its 2017 public outdoor placemaking exhibit, expanded its reach this month beginning its second round of installations. In total the public art project features 20 three-foot-tall sculptures based on Albany’s famous canine resident and local landmark Nipper the Dog. Each is colorfully customized by regional artists and will be
- [Fort Orange General Store Opens At 412 Broadway](https://capitalizealbany.com/news-events/2017/07/fort-orange-general-store-opens-at-412-broadway/) - CLICK HERE TO VIEW THE ANNOUNCEMENT PRESS RELEASE #Albany officially welcomed @ftorangegeneral today. Now open @ 412 Broadway #CapAlbGrants #ImpactDowntown. pic.twitter.com/yZHgnLtC3q — Capitalize Albany (@CapAlbanyCorp) July 21, 2017 A popular and wide-ranging soft-goods retail business that closed its doors in early June 2016 has reopened under new ownership at a new location, 412 Broadway, across from
- [Sunday Cinema Series Kicks Off July 2 At Washington Park Playhouse](https://capitalizealbany.com/news-events/2017/06/july-2-kicks-off-sunday-cinema-series-at-washington-park-playhouse/) - The Lark Street Business Improvement District is partnering with Park Playhouse, Christ's Church of Albany, and Albany Public Library to host two movie nights this summer in Washington Park. Made possible by the Amplify Albany Grant Program and kicking off the movie series this Sunday is "National Treasure." The movie will start at 8:30 p.m. following available family activities
- [Mobile App Creates A New Way to Explore Albany Neighborhoods and Historic Sites](https://capitalizealbany.com/news-events/2017/06/mobile-app-creates-a-new-way-to-explore-albanys-neighborhoods-and-historic-sites/) - Just launched, free mobile app provides a new way to explore #Albany historic sites https://t.co/SH8i2x4M5a #CapAlbGrants #AmplifyAlbany pic.twitter.com/DvqZxXa76U — Capitalize Albany (@CapAlbanyCorp) June 27, 2017 Click Here To View The Announcement Press Release A new, free mobile application is now available for iOS and Android that allows residents and visitors to explore Albany in
- [Albany Super Ducks Announces Official Launch Event | June 24th](https://capitalizealbany.com/news-events/2017/06/albany-super-ducks-announces-official-launch-event-june-24th/) - Albany Super Ducks announced that it will begin operations in July, offering a unique tour experience for both Albany residents and visitors. Touring by land and water aboard two 46-passenger amphibious vehicles will give Albany Super Ducks' guests the opportunity to learn about the rich history of the Capital City. An official launch event scheduled
- [CFA Process And Local Support](https://capitalizealbany.com/news-events/2017/06/cfa-process-and-local-support/) - Access Project Description Form Governor Cuomo's transformative Regional Economic Development Councils Round VII consolidated funding application (CFA) process is under way and Capitalize Albany staff is available to assist applicants. As discussed at the local information roundtable session, the Corporation can coordinate letters of support from the Mayor and resolutions from the City of Albany Albany Common Council. Applicants that
- [eba Sock Hop Dance Series Finale On June 17 | Amplify Albany](https://capitalizealbany.com/news-events/2017/06/eba-sock-hop-dance-series-finale-on-june-17-amplify-albany/) - .@ebadance Theater Sock Hop Series' Final Installment Is Saturday 7-10PM. Learn more. https://t.co/ATXInrLkVl #CapAlbGrants #AmplifyAlbany pic.twitter.com/cRBGBO8wUm — Capitalize Albany (@CapAlbanyCorp) June 13, 2017 On Saturday, June 17 from 7-10 p.m. the eba Theater will hold its Sock Hop series’ final installment. The Amplify Albany grant program supported event brings an all ages dance music concert series
- [Ride Free This Summer On New CDTA Shuttle Serving Downtown, Lark Street and Warehouse Business Districts](https://capitalizealbany.com/news-events/2017/06/ride-free-this-summer-on-new-cdta-shuttle-serving-downtown-lark-street-and-warehouse-business-districts/) - Linking Warehouse, Lark & Downtown business districts @CDTA's Capital City Shuttle. Ride free Thurs-Sat 5p-12:30a this summer #AmplifyAlbany pic.twitter.com/z4O70jNI5S — Capitalize Albany (@CapAlbanyCorp) June 6, 2017 The Capital District Transportation Authority's new Capital City Shuttle service will launch June 8 and run through Labor Day. The pilot program will serve Lark Street, Downtown Albany’s
- [Capitalize Albany To Host Informational Roundtable Session on CFA Process](https://capitalizealbany.com/news-events/2017/05/capitalize-albany-to-host-informational-roundtable-session-on-cfa-process/) - Governor Cuomo's annual initiative has had an incredible impact on the capital city's building momentum. With the Regional Economic Development Councils Round VII consolidated funding application (CFA) process officially under way Capitalize Albany Corporation will be hosting an informational roundtable session from 5:30 - 6:30 p.m. in Albany City Hall's Rotunda on Wednesday, June 7. The event provides an
- [Work Is Under Way On Second Quackenbush Parking Garage Mural](https://capitalizealbany.com/news-events/2017/05/work-begins-on-second-quackenbush-parking-garage-mural/) - Work is under way on a second Quackenbush Parking Garage Mural in downtown #Albany >>> https://t.co/seG4rCwPGB #ImpactDowntown pic.twitter.com/JYqQ9j0IkI — Capitalize Albany (@CapAlbanyCorp) May 25, 2017 The Albany Parking Authority has teamed up with Albany Center Gallery and the Albany Barn once again, with support from several other partners, to create a second mural on downtown
- [New York State Economic Development Council Recognizes Capitalize Albany For Excellence In Economic Development](https://capitalizealbany.com/news-events/2017/05/new-york-state-economic-development-council-recognizes-capitalize-albany-for-excellence-in-economic-development-2/) - Click Here To View The Announcement Press Release The New York State Economic Development Council (NYSEDC) conducted its annual competition to recognize excellence in economic development marketing. Competing against its statewide counterparts, Capitalize Albany Corporation’s 2016 annual report was awarded a Certificate of Excellence. Nominations are submitted on behalf of local and regional economic
- [Doubling Its Impact | Downtown Is Pawsome Exhibit Expanded](https://capitalizealbany.com/news-events/2017/05/doubling-its-impact-downtown-is-pawsome-exhibit-is-expanded/) - Artists Announced, @AlbanyBID's 'Downtown Is Pawsome' | https://t.co/6pVDw8hSAH Exhibit expansion supported by #AmplifyAlbany #CapAlbGrants pic.twitter.com/YRMOifff5B — Capitalize Albany (@CapAlbanyCorp) May 22, 2017 Last month the Downtown Albany Business Improvement District announced Downtown is Pawsome, its 2017 public outdoor placemaking exhibit. The public art project will feature 20 three-foot-tall sculptures based on Albany’s famous canine resident
- [This Week Is Economic Development Week](https://capitalizealbany.com/news-events/2017/05/this-week-is-economic-development-week/) - The week-long initiative was created by the International Economic Development Council. Economic Development Week recognizes the work of field professionals, community organizations and leaders to raise awareness about the impact from initiatives and programs improving quality of life and creating jobs in cities across the world. In observance of Economic Development Week Capitalize Albany is joining the conversation online with other professionals
- [Call To Artists | Lark Street Banner Competition](https://capitalizealbany.com/news-events/2017/04/call-to-artists-lark-street-banner-competition/) - Read more in the announcement press release The Lark Street Business Improvement District announced its Lark Street Banner Competition and is currently accepting designs from local artists online through April 28th. The top three designs chosen in the competition will be displayed on 24″ x 48″ banners to be installed in strategic locations throughout the
- [Small Cafe Signals Major Growth in Sheridan Hollow | The Hungry Hollow](https://capitalizealbany.com/news-events/2017/04/small-cafe-signals-major-growth-in-sheridan-hollow-the-hungry-hollow/) - .@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
- [Regional Economic Development Councils Initiative Round VII](https://capitalizealbany.com/news-events/2017/04/regional-economic-development-councils-initiative-round-vii/) - Round VII of the Regional Economic Development Councils (REDC) initiative was announced. The Consolidated Funding Application (CFA) will be opened to applicants on Monday, May 1 with a deadline of Friday, July 28 at 4 p.m. As part of Round VII, up to $800 million in state economic development resources is being made available. In order
- [Click Here For Information On Our Grant Programs](https://capitalizealbany.com/news-events/2017/04/click-here-for-information-on-our-grant-programs/) - Capitalize Albany is currently accepting applications for its Downtown Albany Retail Grant Program and Amplify Albany Grant Program. The Downtown Albany Retail Grant Program can assist businesses interested in establishing a new downtown Albany storefront location and can assist those already existing in core downtown areas with exterior improvements. The Amplify Albany Albany Grant Program aims to attract more
- [Fort Orange General Store Returns to Albany At 412 Broadway](https://capitalizealbany.com/news-events/2017/04/fort-orange-general-store-returns-to-albany-at-new-downtown-location/) - Click Here To View The Announcement Press Release A popular authentic and eclectic soft-goods retail business that closed its doors in early June 2016 will be staying in Albany and reopening this spring with a new location and owner. The Fort Orange General Store was recently purchased by Schuyler Bull and the new owner is in
- [Albany Improv Festival Coming To Downtown In April | Amplify Albany](https://capitalizealbany.com/news-events/2017/03/albany-improv-festival-coming-to-downtown-in-april-amplify-albany/) - On April 22nd starting at noon and heading into April 23rd, Albany Improv will be hosting its 2nd annual Albany Improv Festival in downtown Albany at the Pearl Street Pub (59 N. Pearl Street). With Amplify Albany grant assistance, Albany Improv was able to expand the festival this year into a two-day event by bringing in
- [Crafting Revitalization In The Albany Warehouse District](https://capitalizealbany.com/news-events/2017/03/crafting-revitalization-in-the-albany-warehouse-district/) - .@NEDADevelopment #CraftingRevitalization Exciting evening, panel w/@DruthersBrewing @AlbDistCo @CapAlbanyCorp @AlbanyCentral @EcoDevTroyNY pic.twitter.com/D4AeAJJkj1 — Capitalize Albany (@CapAlbanyCorp) March 9, 2017 Since the 2012 passage of New York Farm Brewery legislation and continued support from Governor Cuomo, the number of craft breweries in New York more than tripled between 2012 and 2017. Today, craft beverage producers across the state
- [Albany Capital Center Opens With More Than 60 Events On 2017 Calendar](https://capitalizealbany.com/news-events/2017/03/albany-capital-center-opens-with-more-than-60-events-on-2017-calendar/) - 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
- [Fifth Tier Baking Studio Joins Downtown Retailers](https://capitalizealbany.com/news-events/2017/02/fifth-tier-baking-studio-joins-downtown-retailers/) - Fifth Tier Baking Studio welcomed to #downtownAlbany joining Columbia St. retailers @EnchntdFlrst... https://t.co/RVQG2iw46N #Impactdowntown pic.twitter.com/n6KwRG7O8E — Capitalize Albany (@CapAlbanyCorp) February 14, 2017 Business owner Lyle Houston was officially welcomed to downtown on February 14 with a ribbon cutting ceremony held celebrating the opening of The Fifth Tier Baking Studio at 54 Columbia Street. Houston is
- [Wellington Row Full-Service Salon and Spa Opens Enhancing Downtown Experience](https://capitalizealbany.com/news-events/2017/02/wellington-row-adds-full-service-salon-and-spa-to-downtown-experience/) - Enhancing the downtown Albany experience, Spa Wellington celebrated its grand opening—now less than a month out from the opening of the adjacent Albany Capital Center. Located at 140 State Street and supported by Impact Downtown Albany implementation, Spa Wellington complements historic Wellington Row's hospitality, retail, and dining options which have developed in recent years. The spa and its
- [Community Loan Fund Secures $3.5 million in New Funds for Economic Development in the Capital Region](https://capitalizealbany.com/news-events/2017/02/community-loan-fund-secures-3-5-million-in-new-funds-for-economic-development-in-the-capital-region/) - Community Loan Fund Secures $3.5 million in New Funds for Economic Development in the Capital Region. https://t.co/MiFSlDYOWI pic.twitter.com/VQ2VlYBXqk — Community Loan Fund (@CommunityLoans) February 3, 2017 COMMUNITY LOAN FUND'S ANNOUNCEMENT PRESS RELEASE In October of 2016, the Community Loan Fund of the Capital Region (CLFCR) was notified that
- [Amplify Albany Supported Dance Music Concert Series' 2nd Installment: eba Theater Presents Sun Natives & Kimono Dragons](https://capitalizealbany.com/news-events/2017/02/5620/) - During Albany's "1st Friday" evening on February 3, the eba Theater held its Sock Hop series' second installment. The Amplify Albany grant program supported event brings an all ages dance music concert series in an effort to attract new crowds and interest to the Lark Street business district. Kicking off in November last year, the
- [Next Window Lights Up in Albany Arcade Building](https://capitalizealbany.com/news-events/2017/01/next-window-lights-up-in-albany-arcade-building/) - Opening its second Albany location in the fall of 2016, Stacks Espresso Bar was the first retailer to take space at the downtown Arcade Building (488 Broadway). A few weeks into 2017, a ribbon cutting ceremony took place on Jan. 18 for Albany Center Gallery's new location, neighboring Stacks and occupying approximately 2,050 sq. ft. of space. Implementation of the
- [Quality New Storage Facility Will Serve as Critical Amenity amid Residential Growth in Albany Neighborhoods](https://capitalizealbany.com/news-events/2017/01/quality-new-storage-facility-will-serve-as-critical-amenity-amid-residential-growth-in-albany-neighborhoods/) - VIEW THE ANNOUNCEMENT PRESS RELEASE In recent years more than 300 new apartment units have come online in Albany’s downtown and warehouse district alone as implementation of the Impact Downtown Albany strategic plan continues. There are nearly 500 more residential units in the pipeline for downtown and in the past year more than 100 new
- [Albany Skyway to Improve Waterfront Connectivity](https://capitalizealbany.com/news-events/2017/01/albany-skyway-to-improve-waterfront-connectivity/) - Click Here To View The Announcement Press Release Capitalize Albany Corporation’s Round VI awarded CFA project is the first phase of a multi-phase proposed project that will ultimately result in the conversion of the I-787 northbound exit ramp from Quay Street to Clinton Avenue—into the Region’s first and only highline park—the Albany Skyway. With support
- [Fashion Designer Newest Retailer In Downtown](https://capitalizealbany.com/news-events/2017/01/fashion-designer-newest-retailer-in-downtown/) - Daniel Mozzes Design, located at 61 N Pearl Street – Steuben Walk #1, was welcomed to downtown Albany on January 6. One of downtown’s newest retailers, the business is the first to open in one of the Pearl Street Pub building's (formerly the Jillian’s building) newly renovated spaces. Implementation of the Impact Downtown Albany strategic plan is continuing
- [New Neighborhood Amenity | Save-A-Lot Grocery Opens at 612 Central Avenue](https://capitalizealbany.com/news-events/2016/12/new-neighborhood-amenity-save-a-lot-grocery-opens-at-612-central-avenue/) - The new Save-A-Lot grocery store at 612 Central Avenue will support approximately 30 new positions, a previously tax exempt property is again generating tax revenue—and residents of surrounding Albany neighborhoods such as the West Hill neighborhood now have walkable access to fresh produce. Capitalize Albany Corporation joined public, community and business leaders including Albany Mayor
- [Nipper to Soon Have Neighbors as Redevelopment of 991 Broadway Converts Space to 75 Residential Units](https://capitalizealbany.com/news-events/2016/12/5548/) - Click Here to Read More In The Announcement Press Release The mixed-use conversion of the Nipper building (991 Broadway) in Albany’s warehouse district to 75 apartments and 7,750 sq. ft. of ground-floor commercial space is phase one of a planned four-phase, $70 million development project. On Thursday, the City of Albany Industrial Development Agency Board approved an application to
- [Capital Resource Corporation Partners with Community Loan Fund on Small Business Assistance | Corporation Grant to Leverage $750,000 for City of Albany Ventures](https://capitalizealbany.com/news-events/2016/12/capital-resource-corporation-partners-with-community-loan-fund-on-small-business-assistance-corporation-grant-to-leverage-750000-for-city-of-albany-ventures/) - The City of Albany Capital Resource Corporation (CRC) approved new small business programming in partnership with the Community Loan Fund of the Capital Region at its Thursday board meeting. The City of Albany CRC granted the Community Loan Fund $250,000 for its revolving loan fund under an agreement that dedicates leveraged funds 2 to 1
- [City of Albany Projects Receive $5.58 Million from Regional Economic Development Council (REDC) Initiative Round VI](https://capitalizealbany.com/news-events/2016/12/city-of-albany-projects-receive-5-58-million-from-regional-economic-development-council-redc-initiative-round-vi/) - Click Here To View The Announcement Press Release The New York State Regional Economic Development Council (REDC) initiative awarded City of Albany projects with approximately $5.58 million ($5,587,650) in funding Thursday. Overall, the Capital Region—a top performer—was awarded a total of $83.1 million in funding for 116 projects. Of these 116 projects, 17 directly benefit
- [Albany Capital Center to Open Ahead of Schedule for MAAC Tournament](https://capitalizealbany.com/news-events/2016/12/albany-capital-center-to-open-ahead-of-schedule-for-maac-tournament/) - The Albany Capital Center announced it will have a soft opening March 2 to coincide with the MAAC basketball tournament at the Times Union Center, ahead of its March 22 opening when the Capital Center hosts its first trade group. An event that attracts thousands of fans, NCAA and Division 1 college basketball officials will also get
- [Stacks Espresso Bar Opens 2nd Albany Location Bringing New 'Third Place' Coffeehouse to Downtown](https://capitalizealbany.com/news-events/2016/11/stacks-espresso-bar-opens-2nd-albany-location-bringing-new-third-place-coffeehouse-to-downtown/) - Click Here to View The Announcement Press Release Photos >>> @StacksEspresso opened today in downtown #Albany: https://t.co/jw4KUiGTJp #CapAlbGrants #ImpactDowntown pic.twitter.com/NKweSl3Nk2 — Capitalize Albany (@CapAlbanyCorp) November 7, 2016 Stacks Espresso Bar announced its new second Albany location at 488 Broadway in downtown Albany is open for business starting today, with hours every day, 7 a.m. to
- [City of Albany IDA Assistance Supports Thurlow Terrace Apartments Renovation and Affordable Housing Status Extension](https://capitalizealbany.com/news-events/2016/11/city-of-albany-ida-assistance-supports-thurlow-terrace-apartments-renovation-and-affordable-housing-status-extension/) - 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
- [RSVP: Building For Tomorrow 2016](https://capitalizealbany.com/news-events/2016/11/rsvp-building-for-tomorrow-2016/) - 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
- [eba Theater Sock Hop Series Kicks Off November 5th](https://capitalizealbany.com/news-events/2016/10/eba-theater-sock-hop-series-kicks-off-november-5th/) - Starting on Nov. 5 the eba Theater will host a quarterly Sock Hop from 9 p.m. to midnight. Located in the Lark Street business district at 351 Hudson Avenue, the eba Theater has been providing arts programming in Albany for more than 38 years. Supported by the Amplify Albany
- [Park South Urban Renewal Plan Receives International Economic Development Council Excellence in Economic Development Award](https://capitalizealbany.com/news-events/2016/09/park-south-urban-renewal-plan-receives-international-economic-development-council-excellence-in-economic-development-award/) - 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
- [City of Albany to See First Residential New Construction as Market for Downtown Living Progresses](https://capitalizealbany.com/news-events/2016/10/city-of-albany-to-see-first-residential-new-construction-as-market-for-downtown-living-progresses/) - 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,
- [Zombies Roaming in Albany](https://capitalizealbany.com/news-events/2016/10/zombies-roaming-in-albany/) - Each evening as part of a four night event held October 13 to October 16, the University at Albany Program in Writing and Critical Inquiry hosted a film festival entitled "The Zombies Are Coming!" at Albany’s Madison Theater. Made possible in part by Capitalize Albany Corporation’s Amplify Albany Grant Program, hundreds attended the film festival
- [Pop Up Programming Brings Hundreds Downtown Over Summer](https://capitalizealbany.com/news-events/2016/09/pop-up-programming-brings-hundreds-downtown-over-summer/) - With initiatives supported by theaward winning Impact Downtown Albany strategic plan, pop-up programming this summer was building buzz in Albany's newest neighborhood as the momentum continues into the fall. Events such as the Downtown Albany BID's Fork In the Road, and the Amplify Albany grant program supported Deja View outdoor movie series brought hundreds to downtown's Tricentennial Park, supporting local
- [Renovations Under Way At Times Union Center](https://capitalizealbany.com/news-events/2016/10/renovations-under-way-at-times-union-center/) - Renovations are well under way with construction visible as you pass by the Times Union Center. A more than $20 million investment is taking shape and when work is finished the TU Center will feature a new, enclosed atrium that will bring bright, digital displays to the arena’s front entrance on South Pearl Street, new
- [246 Affordable Housing Units Newly Restored in Albany Pastures Historic District](https://capitalizealbany.com/news-events/2016/09/246-affordable-housing-units-newly-restored-in-albany-pastures-historic-district/) - 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](https://capitalizealbany.com/news-events/2016/09/impact-downtown-albany-strategic-plan-receives-international-downtown-association-2016-award-of-excellence/) - 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](https://capitalizealbany.com/news-events/2016/09/new-277-room-student-housing-facility-set-to-support-growth-at-albany-world-class-institutions/) - 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
- [Free Outdoor Yoga Supported By Amplify Albany Grant Program Now Extended to September](https://capitalizealbany.com/news-events/2016/08/free-outdoor-yoga-supported-by-amplify-albany-grant-program-extended-to-september/) - Made possible by Capitalize Albany's Amplify Albany grant program, free outdoor yoga organized by cafe Dali-Mamma which is located at 41 State Street in downtown Albany (www.dalimamma.com), is now available three days a week instead of two, with extended dates through September 1. This Amplify Albany grant program supported event is an example of pop-up programming to benefit the
- [Newly restored 400 Hudson Avenue adds to quality affordable housing in Albany at Royce on the Park](https://capitalizealbany.com/news-events/2016/07/newly-restored-400-hudson-avenue-adds-to-quality-affordable-housing-in-albany-at-royce-on-the-park/) - 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
- [Community Vision and Revitalization Effort Transforming Albany Sheridan Hollow Neighborhood](https://capitalizealbany.com/news-events/2016/08/community-vision-and-revitalization-effort-transforming-albany-sheridan-hollow-neighborhood/) - 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)
- [Amplify Albany Supported Summer Outdoor Movie Series Deja View Schedule Announced](https://capitalizealbany.com/news-events/2016/08/amplify-albany-supported-summer-outdoor-movie-series-deja-view-schedule-announced/) - Update 8/25/16: Movies "Up" and "The Princess Bride" events, have been rescheduled due to inclement weather forecasts. The new correct dates are now reflected below. Next week, the Downtown Albany Business Improvement District will kick off Deja View, its free summer outdoor movie series running every Thursday from August 18 through September 15 at 7:45 p.m. in downtown Albany’s
- [The Crossroads: Pop Up Arts Exhibition at 200 Washington Avenue In Albany](https://capitalizealbany.com/news-events/2016/08/the-crossroads-pop-up-arts-exhibition-at-200-washington-avenue-in-albany/) - Local artists and the staff of the Lark Street Business Improvement District (BID) will be hosting The Crossroads: An Underground Pop-Up Experimental Arts Exhibition on Thursday, August 11, from 5 p.m. to 9 p.m. at 200 Washington Ave., the building formerly occupied by Key Bank. The Crossroads, made possible by funding in part through Capitalize
- [Announcing Two New Capitalize Albany Grant Programs Backed By City Capital Resource Corporation Designed to Support Albany Business Growth](https://capitalizealbany.com/news-events/2016/03/announcing-two-new-capitalize-albany-grant-programs-backed-by-city-capital-resource-corporation-designed-to-support-albany-business-growth/) - UPDATED POST: Click Here For Full Details On Our Grant Programs Capitalize Albany Corporation will be hosting an informational event, 11 a.m. on Wednesday at 59 North Pearl Street about the launch of two groundbreaking grant programs. Citywide business owners, other City stakeholders and those interested in doing business in downtown Albany are encouraged
- [Topping off marks major Albany Capital Center construction milestone](https://capitalizealbany.com/news-events/2016/08/topping-off-marks-major-albany-capital-center-construction-milestone/) - Last week, Capitalize Albany Corporation joined the Albany Capital Center team, Lieutenant Governor Kathy Hochul and local officials for the Center’s topping off ceremony, marking the completion of the steel construction phase of the new convention center in downtown Albany. It’s a major construction milestone that exemplifies downtown Albany’s current momentum and complements Governor Cuomo's
- [Look Up on North Pearl and Pine Streets to Find the Next Apartments in the Growing Downtown Neighborhood](https://capitalizealbany.com/news-events/2016/06/look-up-on-north-pearl-and-pine-streets-to-find-the-next-apartments-in-the-growing-downtown-neighborhood/) - View Announcement Press Release Chris Maddalone and Seth Meltzer of Maddalone & Associates are prepared to renovate 99 Pine Street’s upper floors, bringing approximately 35 new market-rate residential units to the heart of downtown Albany. The renovation and partial conversion will take place on the property’s third, fourth and fifth floors transforming old office
- [101 New Student Housing Units Set to Support Growth at Albany World-Class Institutions](https://capitalizealbany.com/news-events/2016/04/101-new-student-housing-units-set-to-support-growth-at-albany-world-class-institutions/) - City of Albany Industrial Development Agency Approves Application To Assist New Private Student Dorm Facility at 1385 Washington Avenue View Announcement Press Release Here The City of Albany Industrial Development Agency board approved an application to provide financial assistance in the form of New York State sales and mortgage recording tax exemptions and real
- [Public Art Project Takes Flight at City Gateway](https://capitalizealbany.com/news-events/2016/06/public-art-project-takes-flight-at-city-gateway/) - The Albany Parking Authority teamed up with Albany Center Gallery and Albany Barn, as well as a number of other downtown Albany organizations to create a monumental mural on the north wall of downtown Albany's Quackenbush Parking Garage which was completed early June. Complemented by recent investments taking shape, the mural project was a collaborative effort to create a welcoming
- [Wilson Apartments Proposed for Downtown Albany](https://capitalizealbany.com/news-events/2016/07/wilson-apartments-proposed-for-downtown/) - An apartment building and parking garage could be built in the vacant space located at the corner of North Pearl and Wilson streets. The proposed project which encompasses constructing an 18-unit apartment building and parking garage on the 9,074-square-foot lot at 191 North Pearl Street is in the early stages of development. Read more here. The 18 units would add to downtown's
- [Capitalize Albany Announces Grant Programs to Support Retail Business Growth in Albany](https://capitalizealbany.com/news-events/2016/03/capitalize-albany-announces-grant-programs-to-support-retail-business-growth-in-albany/) - Two Programs Aimed at Attracting Retail Tenants and Driving Foot Traffic to Commercial Districts Backed By City of Albany Capital Resource Corporation Capitalize Albany Corporation announced today the launch of two groundbreaking grant programs to benefit the City of Albany’s various commercial districts and its downtown’s retail market. At an informational programs launch event held
- [Events Keep Popping Up at Popular Downtown Park](https://capitalizealbany.com/news-events/2016/06/events-keep-popping-up-at-popular-downtown-park/) - This summer Tricentennial Park will host a record breaking number of visitors as both the Alive at Five summer concert series and the Downtown Albany Business Improvement District’s newest annual summer event, Fork in the Road drive event-goers and more retail traffic downtown. Driven by recommendations of the Impact Downtown Albany strategic plan, Pop-Up programming
- [Capitalize Albany Corporation to Host Informational Roundtable Session on CFA Process](https://capitalizealbany.com/news-events/2016/06/capitalize-albany-corporation-to-host-informational-roundtable-session-on-cfa-process/) - With the Regional Economic Development Council’s Round VI consolidated funding application (CFA) process officially under way Capitalize Albany Corporation will be hosting an informational roundtable session from 5:30 - 6:30 p.m. in Albany City Hall's Rotunda on Thursday, June 16. The event provides an opportunity for business owners, community leaders and residents to come together and discuss how the CFA process
- [Corporation Now Accepting Applications For Downtown Albany Retail Grant Program](https://capitalizealbany.com/news-events/2016/05/corporation-now-accepting-applications-for-downtown-albany-retail-grant-program/) - Capitalize Albany is now accepting applications for its Downtown Albany Retail Grant Program. This program can assist businesses interested in establishing a new downtown Albany storefront location and can assist those already existing in core downtown areas with exterior improvements. The Corporation is still accepting applications for its Amplify Albany Grant Program that aims to attract more foot traffic
- [First Mixed-Use Project in Emergent Warehouse District to Take Shape](https://capitalizealbany.com/news-events/2016/05/first-mixed-use-project-in-emergent-warehouse-district-to-take-shape/) - Now-abandoned 960 Broadway will feature 24 apartments, new commercial space and new restaurant in $6 million renovation View Announcement Press Release Abar Construction, led by developer Bill Barber will redevelop 960 Broadway in Albany’s warehouse district, revitalizing a property formerly home to the Rodgers Liquor Co., which has been left vacant for two decades.
- [New York State Economic Development Council Recognizes Capitalize Albany for Excellence in Economic Development](https://capitalizealbany.com/news-events/2016/05/new-york-state-economic-development-council-recognizes-capitalize-albany-for-excellence-in-economic-development/) - View Announcement Press Release The New York State Economic Development Council conducted its annual competition to recognize excellence in economic development marketing. Competing against its statewide counterparts, Capitalize Albany Corporation’s 2015 annual report was awarded Best in Class. Nominations are submitted on behalf of local and regional economic development organizations, which compete in several
- [How Is Your Internet Access? Take City Survey Assessing Broadband](https://capitalizealbany.com/news-events/2016/05/how-is-your-internet-access-take-the-citys-survey-assessing-broadband/) - The City of Albany is asking business owners to participate in a public survey that will help identify ways to improve affordable access to high-speed internet in Albany. Please click the button below or click here to take the survey. Those participating must respond by June 1st. Albany residents are also encouraged to participate in a separate survey for residents. This
- [Nipper To Watch Over Proposed $70 Million Mixed-Use Plan For Warehouse District](https://capitalizealbany.com/news-events/2016/05/nipper-to-watch-over-proposed-70-million-mixed-use-plan-for-warehouse-district/) - The conversion of the Nipper building (991 Broadway) in Albany's warehouse district to apartments would be phase one of a four-phase, $70 million development project to include more than 150 additional apartments in a set of newly constructed buildings with retail space and multiple levels of indoor parking. As part of the $15 million phase one, Nipper would sit atop 65-75 residential units, the
- [Internship Opportunities: Summer 2016](https://capitalizealbany.com/news-events/2016/04/internship-opportunities-summer-2016/) - Capitalize Albany Corporation is seeking highly motivated, professional, responsible and enthusiastic student candidates for two summer internship positions. Interested applicants can click to view the following internship descriptions below to learn more. Research and Data Analysis Student Internship Grant Research and Writing Student Internship
- [Contracts Signed Following Opening Date Announcement](https://capitalizealbany.com/news-events/2016/04/contracts-signed-following-opening-date-announcement/) - Albany Capital Center officials announced early this month that March 22 will be the opening date of the 82,000 square foot downtown convention center. Five formal commitments have been made, most of which contain multi-year contracts. More than 90 other events are currently in the pipeline at various stages of contract negotiations. Altogether, the five committed events
- [City of Albany Mayor Kathy Sheehan Appoints Capitalize Albany President to New Task Force Studying Housing Affordability](https://capitalizealbany.com/news-events/2016/04/city-of-albany-mayor-kathy-sheehan-appoints-capitalize-albany-president-to-new-task-force-studying-housing-affordability/) - Her expertise will help the group navigate development economics, find implementable solutions that work for both the neighborhoods and the development community. Albany Mayor Kathy M. Sheehan announced yesterday that she has appointed a new task force on housing affordability that will consist of Albany housing experts as well as community stakeholders, including landlord and
- [Downtown Albany Under Development](https://capitalizealbany.com/news-events/2016/04/downtown-albany-under-development/) - Supported and guided by the Impact Downtown Albany strategic plan, everywhere you look something new is taking shape in downtown Albany. Renovations continue at several locations converting old office space into new apartments, Albany Capital Center construction now towers above street level, Wellington Row's Renaissance Albany is thriving with events and new opportunities have come on the scene for
- [Family Dollar Opens In South End Albany](https://capitalizealbany.com/news-events/2016/03/family-dollar-opens-in-south-end-albany/) - Capitalize Albany Corporation joined City of Albany Mayor Kathy Sheehan, Assemblymember John McDonald, Council Member Vivian Kornegay, other officials and Vanguard-Fine to celebrate the grand opening of the Albany‬ South End Neighborhood's Family Dollar. The neighborhood's newest asset is located at 418 South Pearl Street, shelves are stocked with everyday items including food and grocery
- [Warehouse District Cidery To Expand Operations](https://capitalizealbany.com/news-events/2016/03/warehouse-district-cidery-to-expand-operations/) - Following up on Round 5 of Governor Cuomo's Regional Economic Development Council (REDC) initiative, more than $11 million worth of investments are currently under way in downtown Albany. The funding directly supports the Impact Downtown Albany initiative through several projects, which are having an incredible impact on our central business and warehouse district's building momentum. The Nine Pin Ciderworks Expansion project was awarded
- [Two Warehouse District Projects Move Forward](https://capitalizealbany.com/news-events/2016/02/two-warehouse-district-projects-move-forward/) - Impact Downtown Albany implementation is catalyzing change in Albany's warehouse district. Undergoing a new transformation, it's an exciting time as the district continues creating new opportunities for a new economy. New restaurants, retail and residential development projects are steadily taking shape as an ever-expanding vision for the district fuels even more growth. The Albany Planning Board recently approved the site
- [Capital Region Leaders Unite Behind UAlbany College of Engineering and Applied Sciences](https://capitalizealbany.com/news-events/2016/02/capital-region-leaders-unite-behind-ualbany-college-of-engineering-and-applied-sciences/) - Capital Region community, business, education and government leaders announced unified support for the University at Albany’s plan to transform a century-old former public school building into a home for its new College of Engineering and Applied Sciences (CEAS), and requested $20 million in the state budget to start the project. The capital funding would finance
- [Steel Is Rising At The Site Of The Albany Capital Center](https://capitalizealbany.com/news-events/2016/02/steel-is-rising-at-the-site-of-the-albany-capital-center/) - The building is finally taking shape and steel is quickly rising above street level at the site of the new $66.5 million Albany Capital Center, set to open in early 2017. Leisure & Hospitality International Magazine has details about the Albany Capital Center in this feature article. You can also see construction updates weekly on the Albany Capital Center's
- [McLaren Engineering Group Opens Office In Downtown Albany](https://capitalizealbany.com/news-events/2016/02/mclaren-engineering-group-opens-office-in-downtown-albany/) - McLaren Engineering Group, a full-service engineering firm with eight divisions officially opened their newest office at 5 Clinton Square in downtown Albany's Patroon Building on Wednesday. The new location will allow the firm to serve its growing roster of public and private sector clients. Capitalize Albany Corporation joined the Capital Region Chamber, the Downtown Albany Business Improvement
- [Now Open: The Steuben Street Market](https://capitalizealbany.com/news-events/2016/01/now-open-downtown-albanys-community-market-grocery/) - On Thursday Capitalize Albany Corporation joined Steuben Street Market co-owner Chris Pratt, City of Albany Mayor Kathy Sheehan, Albany County Executive Daniel P. McCoy, director of the New York State Office of Homes and Community Renewal’s Main Street Grant program Crystal Loffler, president and COO of Omni Development David Swawite, Assemblymember John McDonald and Downtown
- [Crave Is Welcomed To Albany](https://capitalizealbany.com/news-events/2016/01/crave-is-welcomed-to-albany/) - Capitalize Albany Corporation joined City of Albany Mayor Kathy Sheehan, the Capital Region Chamber of Commerce, other City leaders and stakeholders for Crave's official ribbon cutting and grand opening celebration Thursday. Located at 217 Western Ave., Crave specializes in comfort food and frozen yogurt. It's co-owned by Devin Ziemann and Kaytrin Della Sala. To learn more
- [74 State Is Now Home To New Fairfield Inn & Suites](https://capitalizealbany.com/news-events/2016/01/74-state-is-now-home-to-new-fairfield-inn-suites/) - Renovations at the boutique 74 State Hotel were unveiled Thursday after undergoing its transformation which began in 2015. Capitalize Albany Corporation joined City of Albany Mayor Kathy Sheehan, other City leaders, stakeholders and the Downtown Albany Business Improvement District to officially welcome the new Fairfield Inn & Suites by Marriott to the City of Albany.
- [Welcome To 2016 In Albany](https://capitalizealbany.com/news-events/2016/01/welcome-to-2016-in-albany/) - It's a new year with new opportunities on the horizon in the City of Albany. Capitalize Albany Corporation is looking forward to another year of new investments and building momentum in 2016. In review of 2015, Capitalize Albany would like to share some of the highlights from an extraordinary year of investment in the City of Albany. Click Here To
- [Capitalize Albany Corporation Backs URI Regional Growth Strategy Releasing Completed Impact Downtown Albany Strategic Plan Documents](https://capitalizealbany.com/news-events/2015/07/capitalize-albany-corporation-backs-uri-regional-growth-strategy-releasing-completed-impact-downtown-albany-strategic-plan-documents-2/) - The Capitalize Albany Corporation Board of Directors authorized release of the market-driven, action-oriented strategic plan, Impact Downtown Albany, completed last fall to serve as a business plan and Playbook for downtown Albany development. In consideration of the opportunities that the State’s Upstate Revitalization Initiative competition offers Albany and the entire Capital Region, the Capitalize Albany
- [Redevelopment Project to Bring 400 Jobs as Broadway Warehouse District Corridor Looks to Transform](https://capitalizealbany.com/news-events/2015/06/redevelopment-project-to-bring-400-jobs-as-broadway-warehouse-district-corridor-looks-to-transform/) - On Wednesday, June 3, the City of Albany Industrial Development Agency board approved an application to provide financial assistance for a redevelopment project along the Broadway corridor of Albany’s warehouse district. Norry Management Corp. has a five-year lease with Maximus Inc., a contractor for New York's health insurance exchange, to fill 92,000 square feet of
- [CITY OF ALBANY PROJECTS RECEIVE $21.8 MILLION FROM REGIONAL ECONOMIC DEVELOPMENT COUNCIL INITIATIVE ROUND V](https://capitalizealbany.com/news-events/2015/12/city-of-albany-projects-receive-21-8-million-from-regional-economic-development-council-initiative-round-v/) - The Regional Economic Development Council (REDC) initiative awarded City of Albany projects with approximately $21.8 million ($21,841,067) in funding Thursday. Overall, the Capital Region was awarded a total of $98.1 million in funding for 114 projects. Of these 114 projects, 24 directly benefit activities within the City of Albany and will catalyze strategic initiatives and
- [Coming Soon: Downtown Albany Community Market & Grocery](https://capitalizealbany.com/news-events/2015/09/coming-soon-downtown-albany-community-market-grocery/) - Meeting demand of the growing downtown resident population, Steuben Street Market is expecting to open soon on the first floor of Steuben Place Apartments at 58 North Pearl Street. Customers will see items such as bread, fresh and frozen meats, dairy products, prepared food and more. A survey is currently open online at www.steubenstmarket.com, asking residents
- [REDC Initiative Round V Awards $11.5 Million To Downtown Albany Projects](https://capitalizealbany.com/news-events/2015/12/redc-initiative-round-v-awards-11-5-million-to-downtown-albany-projects/) - Recognizing this year's unprecedented investments made, more than $11 million will now directly support the Impact Downtown Albany initiative through several projects, having an incredible impact on our central business and warehouse district's building momentum. In Round V, Governor Cuomo's Regional Economic Development Council (REDC) initiative catalyzed $11.5 million worth of investment, funding eight projects that will be taking off in downtown
- [Unveiling of The Lofts at 733 Broadway](https://capitalizealbany.com/news-events/2015/11/unveiling-of-the-lofts-at-733-broadway/) - The City of Albany, Norstar Development, Capitalize Albany Corporation, the City of Albany Industrial Development Agency, and Downtown Albany Business Improvement District (BID) held a grand opening of The Lofts at 733 Broadway on November 5. Albany Mayor Kathy M. Sheehan and Lori Harris, vice president of Norstar Development were joined by City of Albany
- [Google Names The City of Albany A 2015 eCity](https://capitalizealbany.com/news-events/2015/12/google-names-the-city-of-albany-a-2015-ecity/) - The City of Albany was named one of Google’s 2015 eCity award winners. On Dec. 14 Google recognized Albany as one of the nation's top cities for small business ingenuity online and as the digital capital of New York State. Representatives from Google were joined by City of Albany Mayor Kathy Sheehan, Congressman Paul Tonko and members
- [Opportunities Brewing In The Warehouse District](https://capitalizealbany.com/news-events/2015/12/opportunities-brewing-in-the-warehouse-district/) - Impact Downtown Albany is catalyzing change in Albany's warehouse district. As an ever-expanding vision for the district fuels even more anticipated growth, this eclectic district is already home to a unique nightlife destination, a brewing and a distilling cluster. Four establishments on Broadway came together to form the Albany Craft Beverage Trail. Nine Pin Cider, Albany Distilling Co., C.H. Evans Brewing Co, (at the Albany
- [Steuben Place Apartments Unveiled](https://capitalizealbany.com/news-events/2015/10/steuben-place-apartments-unveiled/) - The City of Albany, Omni Development Company, Inc. (Omni), Capitalize Albany Corporation, the City of Albany Industrial Development Agency, and Downtown Albany Business Improvement District (BID) held a grand opening of the Steuben Place Apartments, located at 40 Steuben Place (58 N Pearl Street), on Monday, October 26, 2015 at 10:30 AM. Albany Mayor Kathy
- [Capitalize Albany Joins The Conversation on Talk of the Town With Albany Mayor Kathy M. Sheehan | WROW Magic 590-AM](https://capitalizealbany.com/news-events/2015/11/capitalize-albany-joins-the-conversation-on-talk-of-the-town-with-albany-mayor-kathy-m-sheehan-wrow-magic-590-am/) - On Friday Nov. 13, Capitalize Albany Corporation president Sarah Reginelli joined City of Albany Mayor Kathy M. Sheehan on WROW Magic 590-AM's Talk of the Town discussing citywide economic development initiatives‬, Impact Downtown Albany and the City of Albany's building momentum. You can listen to that broadcast below. Are you interested in hearing about more of what’s
- [The Capitalize Albany 2015 Annual Meeting & Event: Building For Tomorrow](https://capitalizealbany.com/news-events/2015/11/the-capitalize-albany-2015-annual-meeting-event-building-for-tomorrow/) - Joined by its investors, hundreds of community leaders and stakeholders, Capitalize Albany Corporation hosted its 2015 annual meeting & event Building For Tomorrow on Nov. 10, 2015 at the Renaissance Albany celebrating an extraordinary year of building momentum in the Capital City. In review of 2015, Capitalize Albany presented on an unprecedented year of investment and
- [Ama Cocina Officially Opens In Downtown: 4-6 Sheridan Avenue Commercial Space Filled](https://capitalizealbany.com/news-events/2015/11/ama-cocina-officially-opens-in-downtown-4-6-sheridan-avenue-commercial-space-filled/) - On November 2, BM&T Restaurant Group (BM&T) owners Brian Viglucci, Michael Viglucci Jr., Tony Lounello and Ama Cocina general manager Jessica Evans were joined by Albany Mayor Kathy Sheehan, Sarah Reginelli, Capitalize Albany Corporation president and CEO of the City of Albany Industrial Development Agency, and Downtown Albany BID executive director Georgette Steffens in officially
- [Coming Soon: Completed $10 Million Mixed-Use Residential Conversion of Arcade Building](https://capitalizealbany.com/news-events/2015/09/coming-soon-completed-10-million-mixed-use-residential-conversion-of-downtown-albanys-broadway-arcade/) - Construction is wrapping up and renovations are expected to be completed within the coming months at 488 Broadway. When completed, it will be the largest project of its kind in downtown Albany to date with 60 market-rate residential units on its upper floors and street level retail space. The $10 million renovation of the 75,000 square foot, five-story
- [Cornell University Urban & Regional Studies Students Visit Capitalize Albany](https://capitalizealbany.com/news-events/2015/10/cornell-university-urban-regional-studies-students-visit-capitalize-albany/) - On October 23, 30 students from Cornell University’s Urban and Regional Studies program visited Capitalize Albany Corporation and toured the City of Albany. The visit was part of a planned trip for students to learn more about Albany, what drives a city’s growth and best practices in economic development. The Organization of Urban and Regional
- [Renaissance Albany Welcomed To Downtown](https://capitalizealbany.com/news-events/2015/10/renaissance-albany-welcomed-to-downtown-albany/) - On October 21 a ribbon cutting ceremony was held and the Renaissance Albany hotel officially opened its doors. Columbia Development's revitalization of Wellington Row continues to take shape. The hotel formerly known as the DeWitt Clinton was built in 1927 and was named after the former Governor of New York State. Hotel operations ceased in 1975
- [Upstate Revitalization Initiative: Advancing The Region Through Focused Investment](https://capitalizealbany.com/news-events/2015/10/upstate-revitalization-initiative-advancing-the-region-through-focused-investment/) - The Capital Region Economic Development Council is competing in Governor Cuomo's 2015 Upstate Revitalization Initiative. The eight counties of New York State’s Capital Region came together and invested in the development of a five-year, focused investment plan for the Capital Region. The Capital 20.20 team's plan describes in detail the transformative strategies and initiatives we will pursue together as
- [Centennial Celebration of SUNY System Administration Building Kicked Off](https://capitalizealbany.com/news-events/2015/10/centennial-celebration-of-suny-system-administration-building-kicked-off/) - https://twitter.com/CapAlbanyCorp/status/656140218811203584 State University of New York Chancellor Nancy L. Zimpher joined by Chairman of the Board for Capitalize Albany Corporation, Michael J. Castellana and President Sarah Reginelli, as well as representatives from Mayor Kathy Sheehan’s office and the Downtown Albany Business Improvement District kicked off a year-long series of events to celebrate the centennial anniversary
- [Coming Soon: Steuben Place Apartments at 58 North Pearl Street](https://capitalizealbany.com/news-events/2015/10/coming-soon-steuben-place-apartments-at-58-north-pearl-street/) - Space is filling up at the 29-unit Steuben Place Apartments. Construction is in its final stages and the $4.9 million mixed-use residential and retail project is expected to be completed in the coming weeks. Conversion of the six story, 47,300 square foot mixed-use retail and commercial office building into mixed-use retail and residential was made
- [Revitalization of Former Philip Livingston School Celebrated](https://capitalizealbany.com/news-events/2015/09/revitalization-of-former-philip-livingston-school-celebrated/) - With the transformation of the former Philip Livingston Magnet Academy complete, Capitalize Albany Corporation joined WinnCompanies, Albany Mayor Kathy Sheehan, New York State and the Albany Housing Authority in celebrating the formal opening of the Livingston School Apartments. The now completed nearly $30 million project transformed this property, which was vacant for more than three
- [Capitalize Albany Board members Robert Curley and Dr. Robert Jones Recognized by the Albany Business Review](https://capitalizealbany.com/news-events/2015/09/4277/) - Congratulations to Capitalize Albany Board members Robert M. Curley and Dr. Robert Jones, recognized as part of the Albany Business Review's 2015 Achievers Awards. Robert M. Curley, New York State Chairman of Berkshire Bank was recognized as the Albany Business Review’s Executive of the Year and Dr. Robert Jones, President of the University at Albany received this year's Game
- [Parking Space at 522-524 Broadway Transformed on PARK(ing) Day 2015](https://capitalizealbany.com/news-events/2015/09/parking-space-at-522-524-broadway-transformed-on-parking-day-2015/) - As part of the nationally recognized PARK(ing) Day, the team at Capitalize Albany set up a PARK N Play space in support of downtown Albany pop up programming. This space was set up to educate the public about the projects and investments behind the building momentum seen in ‪Albany through fun and play. It was a
- [Building Momentum On State Street To Drive Opportunities For Local Hospitality and Tourism Market](https://capitalizealbany.com/news-events/2015/09/building-momentum-on-state-street-to-drive-opportunities-for-local-hospitality-and-tourism-market/) - Downtown Albany's boutique 74 State Hotel is currently undergoing a transformation at a very exciting time for downtown. With the coming new addition of the Fairfield Inn & Suites by Marriott, State Street will feature two internationally recognized Marriott hotel brands beginning this fall. This occurs ahead of the Albany Capital Center's 2017 opening, which is projected to draw more than 85,000 visitors
- [New Residential Draws 250 People to Downtown Albany Event](https://capitalizealbany.com/news-events/2015/08/new-residential-draws-250-people-to-downtown-albany-event/) - With progress driven by the Impact Downtown Albany initiative, downtown Albany is one of the fastest growing neighborhoods in the Capital Region. Combined with Fork in the Road on August 7, the Downtown Albany Business Improvement District hosted a residential open house event featuring eight multi-family properties currently on the market developed through the downtown residential strategy. Each property opened its doors
- [Groundbreaking Celebrates Beginning Construction of New 277 Room Student Apartment Complex In Albany](https://capitalizealbany.com/news-events/2015/08/groundbreaking-ceremony-held-in-albany-for-new-277-room-student-apartment-complex/) - Aspen at Albany is the new $27.5 million, four-story student apartment complex being built at 1475 Washington Avenue. The 277-room complex is expected to be ready for occupancy by the start of the fall 2016 semester. The development team gathered at the site along with Capitalize Albany Corporation, Albany Mayor Kathy Sheehan and other City officials for
- [Huck Finn's Playland Celebrates Opening and Reveals Planned Initiatives to Give Back to The Community This Inaugural Summer](https://capitalizealbany.com/news-events/2015/07/huck-finns-playland-celebrates-opening-and-reveals-planned-initiatives-to-give-back-to-the-community-this-inaugural-summer/) - https://twitter.com/CapAlbanyCorp/status/616326337364688897 On Wed. members of the community, Albany Mayor Kathy Sheehan, State and community leaders joined President and CEO Jeff Sperber and Executive Vice President and CFO Reid Sperber to celebrate the formal grand opening of Huck Finn’s Playland. Kicking off the new amusement park’s inaugural summer, the Sperbers thanked the community for its support
- [1852 Vacant Historic Building to Be Restored as Downtown Albany Residential](https://capitalizealbany.com/news-events/2015/06/1852-vacant-historic-building-to-be-restored-as-downtown-albany-residential/) - On Thursday, the Albany Industrial Development Agency board approved an application to provide financial assistance to Cass Hill Development Cos. to assist with the redevelopment of a vacant historic and dilapidated property which will be restored into 21 luxury market-rate apartments in downtown Albany. A corner of the 25,368-square-foot building at One Columbia Place collapsed
- [SOLD: Last Of Downtown Albany Luxury Condominiums](https://capitalizealbany.com/news-events/2015/08/sold-last-of-downtown-albany-luxury-condominiums/) - On Wednesday, August 5, Capitalize Albany Corporation, Albany Mayor Kathy Sheehan, The Rosenblum Companies, and the Downtown Albany Business Improvement District (BID) celebrated the sale of the last new condominium available at 17 Chapel Boutique Condominiums. This event marked the end of a $9 million, 24-unit project that opened the door for other large-scale residential conversions
- [Capitalize Albany Board Vice Chairman Anders Tomson Named COO and President of Chemung Canal Trust Co.](https://capitalizealbany.com/news-events/2015/07/capitalize-albany-board-vice-chairman-anders-tomson-named-coo-and-president-of-chemung-canal-trust-co/) - Congratulations to Anders Tomson, Vice Chairman of Capitalize Albany Corporation's Board of Directors, named as Chief Operating Officer and President of Chemung Canal Trust Co. Chemung Canal, based in Elmira, New York, is the parent of Capital Bank. That company acquired Capital Bank in 2011. The bank said Tomson will continue to serve as division president
- [Capitalize Albany Corporation, the Department of Development and Planning, the City of Albany IDA & CRC and the Albany Community Development Agency host Albany Reinvests 2014 at the Albany Barn/Academy Lofts](https://capitalizealbany.com/news-events/2014/06/capitalize-albany-corporation-the-department-of-development-and-planning-the-city-of-albany-ida-crc-and-the-albany-community-development-agency-host-albany-reinvests-2014-at-the-albany-barnacadem/) - To read the City of Albany Reinvests 2014 annual report click here On Tuesday, June 17th, Capitalize Albany Corporation, the Department of Development and Planning, the City of Albany IDA and CRC and the Albany Community Development Agency celebrated a year's worth of reinvestment into the Capital City at Albany Reinvests 2014. The event was
- [Academy Lofts Grand Opening Slated for Thursday April 17th](https://capitalizealbany.com/news-events/2014/04/academy-lofts-grand-opening-slated-for-thursday-april-17th/) - Join Albany Mayor Kathy Sheehan, Albany Common Council President Carolyn McLaughlin and New York State Assemblyman John McDonald on Thursday April 17th for the grand opening of the Academy Lofts. Even will take place from 5:30 to 7:30 at the Academy Lofts space on 56 Second Street in Albany. RSVP information is below.
- [Capital Region Economic Development Council: Local Advisory Report Completed](https://capitalizealbany.com/news-events/2011/10/1141/) - In response to Governor Cuomo’s announcement in the summer about the new Regional Economic Development Council initiative, the Capitalize Albany Corporation and partners have acted swiftly to solicit public engagement. Over the past few weeks Capitalize Albany Corporation has conducted a survey and held a forum, Prioritizing Albany, to assist with the development of a
- [Development Today June 19th](https://capitalizealbany.com/news-events/2012/06/development-today-june-19th/)
- [MAYOR JENNINGS ANNOUNCES MAJOR NEW ECONOMIC DEVELOPMENT PROGRAMS](https://capitalizealbany.com/news-events/2010/06/mayor-jennings-announces-major-new-economic-development-programs/) - Capitalize Albany Corporation and Albany Parking Authority Team Up to Offer New Incentives Albany, NY – Mayor Jennings today announced that the Capitalize Albany Corporation and the Albany Parking Authority (APA) are teaming up to offer business and real estate development tools designed to spur investment and job creation in the City of Albany. The
- [MAYOR JENNINGS CUTS RIBBON ON NEW LUXURY CONDO PROJECT IN DOWNTOWN ALBANY](https://capitalizealbany.com/news-events/2010/05/mayor-jennings-cuts-ribbon-on-new-luxury-condo-project-in-downtown-albany/) - Albany, NY - The City of today unveiled a new luxury condominium project in the downtown area. Mayor Jennings was joined by developers Jack and Seth Rosenblum.
- [College of Saint Rose awarded the Jacob H. Herzog Leadership Award for outstanding service to  the City of Albany](https://capitalizealbany.com/news-events/2010/05/college-of-saint-rose-awarded-the-jacob-h-herzog-leadership-award-for-outstanding-service-to-the-city-of-albany/) - Albany, NY – The College of Saint Rose was recently awarded the Jacob H. Herzog Leadership Award by the Capitalize Albany Corporation.
- [Albany Convention Center Authority Acquires Third Key Property in Six Months](https://capitalizealbany.com/news-events/2010/05/albany-convention-center-authority-acquires-third-key-property-in-six-months/) - The Board of Directors of the Albany Convention Center Authority (ACCA) today approved the purchase of a .3 acre parcel of land for the proposed New York State convention center in downtown Albany.
- [Development Today Report 2013](https://capitalizealbany.com/news-events/2013/06/development-today-report-2013/) - Capitalize Albany Corporation along with the City of Albany Industrial Development Agency and the Department of Development and Planning have officially released their 2013 Development Today report. Hard copies are available at 21 Lodge Street, Albany, NY 12207, and a digital .pdf version is available: here.
- [Round 3 REDC City of Albany Project Submission Form](https://capitalizealbany.com/news-events/2013/05/round-3-redc-city-of-albany-project-submission-form/) - For those who were not able to attend the Thursday, May 2nd meeting, below you will find a link to the project submission form that you may fill out and return to Development@CapitalizeAlbany.com Click here to download the project submission form
- [Capital Region Economic Development Council: Local Advisory Report](https://capitalizealbany.com/news-events/2013/05/capital-region-economic-development-council-local-advisory-report/) - In response to Governor Cuomo’s announcement last summer about the Regional Economic Development Council initiative, the Capitalize Albany Corporation and partners acted to solicit public engagement. Capitalize Albany Corporation conducted a survey and held a forum, Prioritizing Albany, in the fall of 2012 to assist with the development of this report outlining issues, opportunities, and
- [Save the Date! June 18 - 2013 Development Today](https://capitalizealbany.com/news-events/2013/04/save-the-date-june-18-2012-development-today/) - Capitalize Albany Corporation will be hosting the 2013 Development Today event on Tuesday, June 18th starting at 5:30pm at the Albany Hilton. For more information on this event please email us at development@capitalizealbany.com
- [Regional Economic Development Council Round 3 City of Albany Public Forum](https://capitalizealbany.com/news-events/2013/05/regional-economic-development-council-round-3-city-of-albany-public-forum/) - Join Mayor Jennings and Commissioner Mike Yevoli to learn about the REDC process and share you ideas for local City of Albany round 3 priority projects.
- [Development Today 2013](https://capitalizealbany.com/news-events/2013/06/development-today-2013/) - On Tuesday, June 18th, Capitalize Albany Corporation, the City of Albany Department of Development and Planning and the City of Albany IDA will be holding the annual Development Today meeting. The event will take place at the Albany Hilton from 5:30-8:00 p.m. For more information, please refer to the invitation or email Development@CapitalizeAlbany.com
- [Three Finalists Selected to Advance in Downtown Albany Tactical Plan Process](https://capitalizealbany.com/news-events/2013/04/three-finalists-selected-to-advance-in-downtown-albany-tactical-plan-process/) - Three consulting teams were selected as finalists to move forward in the selection of the final Downtown Albany Tactical Plan consulting team. The three finalist teams are: Live, Work, Learn, Play (http://www.lwlp.com/) NBBJ (http://www.nbbj.com/) Goody Clancy (http://www.goodyclancy.com/) Want to know more about the Downtown Albany Tactical Plan? Check out our informational page for further details
- [Capitalize Albany Celebrates Ribbon Cutting at 27 Western Avenue Apartment Complex](https://capitalizealbany.com/news-events/2013/01/capitalize-albany-celebrates-ribbon-cutting-at-27-western-avenue-apartment-complex/) - Capitalize Albany Corporation along with Mayor Gerald D. Jennings and Fairbank Properties celebrated the ribbon cutting of the 27 Western Avenue Apartments earlier this week. The luxury apartment complex was once a former Albany High School Annex, and now features 31 studio, 1 bedroom, and 2 bedroom apartments and lofts. For more information about the
- [Capitalize Albany Corporation Welcomes University at Albany President Dr.Robert Jones to Board](https://capitalizealbany.com/news-events/2013/05/capitalize-albany-corporation-welcomes-dr-robert-jones-to-board/) - Capitalize Albany Corporation officially welcomes Dr.Robert Jones to the Capitalize Albany Corporation board. The May 28th board meeting was Dr.Jones' first meeting. Press release for the announcement can be found: here.
- [CFA Round 3 Submission Form](https://capitalizealbany.com/news-events/2013/07/cfa-round-3-submission-form/) - See below for a revised version of the May 2013 CFA submission form. Project submission forms may be filled out and returned to KNewcombe@CapitalizeAlbany.com https://capitalizealbany.com/wp-content/uploads/2013/07/Project-Submission-Form-for-online-use-2.docx
- [Albany Med, City of Albany and Capitalize Albany Corporation Announcement](https://capitalizealbany.com/news-events/2013/07/albany-med-city-of-albany-and-capitalize-albany-corporation-announcement/) - On Tuesday, July 23rd, Albany Medical Center, the City of Albany and Capitalize Albany Corporation will make a major announcement at 11:30 a.m. The event will take place at the corner of Myrtle and New Scotland Avenues. Full media advisory can be found here.
- [Capitalize Albany Corporation to Cut Ribbon at 83 Beaver Street Apartments](https://capitalizealbany.com/news-events/2013/07/capitalize-albany-corporation-to-cut-ribbon-at-83-beaver-street-apartments/) - This Thursday, 7/25, at 2pm, Capitalize Albany Corporation alongside of Mayor Jennings and Project Developer Pat Chiou will cut the ribbon at the new Beaver Street Loft Apartments located at 83 Beaver. This event is open to the public and tours of the complex will be given following the event. Full media advisory here.
- [Mayor Jennings, Albany Medical Center, Capitalize Albany Corporation Announce Major Park South Project](https://capitalizealbany.com/news-events/2013/07/mayor-jennings-albany-medical-center-capitalize-albany-corporation-announce-major-park-south-project/) - Today Albany Medical Center, alongside of Mayor Jennings and Capitalize Albany Corporation announced the commencement of a major Park South project that will bring the neighborhood into the final stages of the Park South Urban Renewal Plan of 2006. Full release here.
- [Economic Development Specialist](https://capitalizealbany.com/news-events/2013/09/economic-development-specialist/) - About the Position Capitalize Albany Corporation is seeking a highly motivated, professional and experienced candidate for Economic Development Specialist. This is a fast pace position responsible for supporting the coordination and administration of business development programs and lending programs. The Economic Development Specialist is a key driver of economic development project implementation. An integral responsibility
- [Downtown Tactical Plan News: Corning Preserve Waterfront Park Plan Public Workshops](https://capitalizealbany.com/news-events/2013/10/downtown-tactical-plan-news-corning-preserve-waterfront-park-plan-public-workshop-tonight/) - To download the flyer, click here. As part of the tactical revitalization plan for Downtown Albany, Capitalize Albany Corporation is working with the City of Albany and a world-class consultant team to develop the Corning Preserve Waterfront Master Plan. This effort, funded in part by NYS Department of State builds from the soon-to-be completed Local
- [The Impact Downtown Albany Strategy](https://capitalizealbany.com/news-events/2013/10/the-impact-downtown-albany-strategy/) - What is the Impact Downtown Albany strategy? Impact Downtown is a first-of-its-kind, fully comprehensive, future-focused plan for Downtown Albany. Its results-driven implementation initiative will act as a guide for local redevelopment and reinvestment in a manner that meets the needs of residents, businesses and other stakeholders. Stay tuned for exciting news and updates on Impact
- [Capital Region Announced As Winner at REDC Round 3 Awards](https://capitalizealbany.com/news-events/2013/12/capital-region-announced-as-winner-at-redc-round-3-awards/) - This morning, Governor Cuomo and the Regional Economic Development Council announced the round 3 award winners. The Capital Region was announced as a top performer, with an awarded amount of $82.8 million, finishing a close second to Long Island. As of Tuesday afternoon, City of Albany projects that have been announced as funded include CNSE,
- [Capital Yogurt Opens on New Scotland Avenue](https://capitalizealbany.com/news-events/2013/12/capital-yogurt-opens-on-new-scotland-avenue/) - Mayor Jerry Jennings, accompanied by owners Arlene and Paul Rappoccio and Common Council member James Sano, cut the ribbon at the New Scotland neighborhood’s newest business: Capital Yogurt. Capital Yogurt is located on 255 New Scotland and is a family owned establishment that offers serve-yourself frozen yogurt. For full press release click here.
- [Historic Rehabilitation Tax Credit Workshops](https://capitalizealbany.com/news-events/2013/11/historic-rehabilitation-tax-credit-workshops/) - On November 14th, two free tax credit workshops will take place at the University Club of Albany (141 Washington Avenue at Dove Street), from 2:00 - 4:00 PM and 5:00-6:00 PM. Click here for .pdf of flyer.
- [Impact Downtown Albany Launch a Success](https://capitalizealbany.com/news-events/2013/11/impact-downtown-albany-launch-a-success/) - The Impact Downtown Albany launch had an outstanding turnout yesterday (November 19th) with a very positive response from the public for the Pecha Kucha event. Below are links to the event's press coverage: Times Union – Leaders discuss Albany’s future Business Review – What’s a Pecha Kucha and how can it transform Downtown Albany? YNN
- [Glimpse of Downtown Albany’s Future 11/19](https://capitalizealbany.com/news-events/2013/11/glimpse-of-downtown-albany’s-future-1119/) - Ever wonder what some of the region’s most influential thought leaders picture for Downtown’s future? Now’s your chance to get inside their vision of tomorrow. Join us for an inspiring PechaKucha night that will give a glimpse of possibilities in Downtown Albany. The presentations will start rolling promptly at 5:15, so head over after work,
- [LAX on Lark Opens](https://capitalizealbany.com/news-events/2013/11/lax-on-lark-opens/) - Bangkok Bistro owner Will Phan has opened his L.A.X. on Lark. The Italian-Asian-fusion restaurant at 205 Lark St. in Albany, NY opened Oct. 31. For full story click here.
- [Join Us & Open the Door to Downtown's Future 11/19](https://capitalizealbany.com/news-events/2013/11/join-us-open-the-door-to-downtowns-future-1119/) - November 19th Schedule 12:00 - 2:00 Interactive engagement at the Ten Eyck Plaza 3:30 – 5:15 Interactive engagement at the Ten Eyck Plaza 4:00 – 4:30 Press conference 5:15 – 6:00 Glimpse of the Future of Downtown Albany Pecha Kucha Presentation Speakers Include: David Dixon, Goody Clancy Nancy Zimpher, SUNY Michael Holtzman, WhoSay Tracy Metzger,
- [Ribbon Cutting for Capital Yogurt](https://capitalizealbany.com/news-events/2013/11/ribbon-cutting-for-capital-yogurt/) - Next Tuesday, December 3rd at 3:00pm we will officially cut the ribbon for Capital Yogurt, located on 255 New Scotland Avenue. Speaking at the event will be Mayor Jennings in addition to store owners Arlene and Paul Rappoccio. Capital Yogurt is Albany’s newest serve-yourself frozen yogurt shop. To find out more visit their facebook page
- [City of Albany Projects Receive More Than $14.5 Million From REDC Round 3 Initiative](https://capitalizealbany.com/news-events/2013/12/city-of-albany-projects-receive-more-than-14-5-million-from-redc-round-3-initiative/) - The Regional Economic Development Council initiative awarded City of Albany projects with more than $14.5 million in funding yesterday. Overall, the Capital Region was named a top performer at the awards, receiving a total of $82.8 million in funding and finishing a close second to Long Island. Of the 100 projects awarded in the Capital
- [Two Downtown Residential Projects Approved By IDA Board](https://capitalizealbany.com/news-events/2013/12/two-downtown-residential-projects-approved-by-ida-board/) - On Tuesday, December 19th the City of Albany IDA board approved two significant mixed-use projects on Broadway in Downtown Albany. The projects are located on 412 Broadway and 488 Broadway (the former Arcade building) and upon completion will bring online 100 new residential units and over 100,000 square feet of mixed-use retail and residential space
- [Vice President Joe Biden Visiting Albany & Major Tour Announced to Visit Times Union Center in February](https://capitalizealbany.com/news-events/2014/01/vice-president-joe-biden-visiting-albany-major-tour-announced-to-visit-times-union-center-in-february/) - Vice President Joe Biden will be visiting Albany on Tuesday, January 7th (link) and the Times Un ion Center announced another major tour slated to stop in Albany in February (link).
- [$67 Million in Projects Approved by IDA](https://capitalizealbany.com/news-events/2014/01/67-million-in-projects-approved-by-ida/) - Today the City of Albany IDA approved over $67 million worth of projects that will have a direct impact on Downtown Albany. The projects include the Wellington Row and Dewitt Clinton project and projects on 40 Steuben and 67 Howard Street.
- [135+ Units Under Development in Downtown](https://capitalizealbany.com/news-events/2014/02/135-units-under-development-in-downtown/) - More developers are seeing promise in residential conversions in downtown Albany, NY. The projects being done will add more than 135 units to the inventory downtown, with construction underway or expected to start in the next six months. Check out the full story via the Albany Business Review here.
- [Impact Downtown Albany News: Second State of Downtown Albany Market Series Meeting Announced](https://capitalizealbany.com/news-events/2014/04/impact-downtown-albany-news-second-state-of-downtown-albany-market-series-meeting-announced/) - Capitalize Albany Corporation is pleased to announce they will be hosting the second State of Downtown Albany Market Series meeting on Thursday, April 24th at 20 Park Street from 5:30 to 7:00 pm. The 20 Park Street office space has particularly unique views of the Empire State Plaza and is currently on the market for
- [Impact Downtown Albany News: State of Downtown Albany Market Series to Kick Off on March 11](https://capitalizealbany.com/news-events/2014/02/impact-downtown-albany-news-state-of-downtown-albany-market-series-to-kick-off-on-march-11/) - Describing the news of a Downtown Presentation for Impact Downtown Albany
- [City of Albany IDA Approves 733 Broadway Project](https://capitalizealbany.com/news-events/2014/04/city-of-albany-ida-approves-733-broadway-project/) - On Thursday, April 24th, the City of Albany IDA approved Downtown Residential's newest project: 733 Broadway. The project developers are Norstar Investment and Black Locust, LLC. The project will include 29 new residential units with one and two bedrooms. The first floor will include approximately 2,500 sq.ft. of rentable commercial space that could accommodate up
- [488 Broadway Under Construction](https://capitalizealbany.com/news-events/2014/04/488-broadway-under-construction/) - The Arcade at 488 Broadway project will renovate a previously vacant 75,000 SF retail and commercial office building. The final product will consist of: 68 residential rental units - 28 studios, 40 one-bedrooms 3-10 commercial storefronts - 12,000 SF This project directly implements the Albany 2030, Impact Downtown Albany and Downtown Albany Residential strategies. Its
- [Second State of Downtown Albany Meeting Continues with meeting on Office Market and Growing the Technology Sector](https://capitalizealbany.com/news-events/2014/04/second-state-of-downtown-albany-meeting-continues-with-meeting-on-office-market-and-growing-the-technology-sector/) - Capitalize Albany Corporation, alongside their team of expert consultants, presented the existing conditions analysis for Downtown Albany’s office market on Thursday, April 24th at 20 Park Street. The meeting was the second of the State of Downtown Albany Market Series, which is part of the Impact Downtown Albany initiative. Presenting at the event was Ben
- [Final State of Downtown Meeting to Be Held on May 8th](https://capitalizealbany.com/news-events/2014/04/final-state-of-downtown-meeting-to-be-held-on-may-8th/) - Capitalize Albany Corporation and their team of expert consultants invite you to join them on Thursday, May 8th for the final State of Downtown Albany Market Series meeting as part of the Impact Downtown Albany initiative. The final meeting will focus on retail, and speaking will be Michael Berne of MJB Consulting, along with a
- [UNDER CONSTRUCTION: the SCiTI Center at Kiernan Plaza](https://capitalizealbany.com/news-events/2014/05/under-construction-the-sciti-center-at-kiernan-plaza/) - The SCiTI Center includes the redevelopment of 107,063 SF of the vacant Kiernan Plaza ( built in 1900 as the City's railroad station) into a multi-tenant commercial office building housing 10=15 SCiTI companies. This projects directly implements the Albany 2030 and Impact Downtown Albany strategies. This adaptive reuse of the historic Kiernan Plaza will allow
- [UNDER CONSTRUCTION: Sheridan Hollow Village](https://capitalizealbany.com/news-events/2014/05/under-construction-sheridan-hollow-village/) - Sheridan Hollow Village is a scatter site project in the Sheridan Hollow neighborhood that will include the construction of 17 buildings into mixed-use retail/affordable residential space. 57 units of quality affordable housing Approx. 7300 SF of commercial space The Sheridan Hollow Village is part of a comprehensive neighborhood revitalization strategy in the Sheridan Hollow neighborhood
- [Capitalize Albany Corporation to Host Annual Meeting](https://capitalizealbany.com/news-events/2014/05/capitalize-albany-corporation-to-host-annual-meeting/) - Join Capitalize Albany Corporation on Tuesday, June 17th from 5:30 to 7:30PM at the Academy Lofts/The Barn as we present our year in review and investment plans for the future. Speaking at the event will be Mayor Kathy Sheehan and a special section of the programming will honor the Commissioner of Development and Planning, Mike
- [Join Us for an Impact Downtown Open House](https://capitalizealbany.com/news-events/2014/10/join-us-for-an-impact-downtown-open-house/) - Please JOIN US for an Impact Downtown Open House with our consultant team on October 28th from 12pm – 1pm in the City Hall Rotunda. The summer months have been spent analyzing market data and digesting key stakeholder input. The team will be present to discuss the vision for the future and findings from the
- [AEON NEXUS Takes Space at 138 State Street On Wellington Row](https://capitalizealbany.com/news-events/2015/05/aeon-nexus-takes-space-at-138-state/) - https://twitter.com/CapAlbanyCorp/status/599332529586311168 Historic Wellington Row’s newest tenant, AEON NEXUS Corporation, an IT consulting practice officially opened its new headquarters at 138 State Street in downtown Albany on Friday. The approximately 8,000-square-foot building at 138 State Street was originally constructed in 1912. Columbia Development transformed the space giving it a complete interior renovation. Capitalize Albany was able to
- [Druthers Now Brewing on Broadway in Albany](https://capitalizealbany.com/news-events/2015/05/druthers-now-brewing-on-broadway-in-albany/) - On Tuesday, May 26, Druthers Brewing Co. opened the doors to its brand new 18,000 sq. ft. brewery and restaurant at 1053 Broadway in Albany’s warehouse district. This is the second local brewery, bar and restaurant installment for the brand which also has its first established location in Saratoga Springs which opened in 2012. In
- [Hospitality Culture Is Focus of Summit as Albany Capital Center and Renaissance By Marriott Set Downtown Albany Opening Dates](https://capitalizealbany.com/news-events/2015/06/hospitality-culture-is-focus-of-summit-as-albany-capital-center-and-renaissance-by-marriott-set-opening-dates/) - The new Renaissance by Marriott announced it was set to open in mid-October, complementing the discussion today at the Albany County Convention & Visitors Bureau's Hospitality Summit on developing a hospitality culture. This conversation occurs ahead of the Albany Capital Center opening which is set for 2017. Capitalize Albany Corporation President Sarah Reginelli discussed the new commercial investments
- [Capitol Melts Grilled Cheese Cafe Takes Space at 136 State Street on Wellington Row](https://capitalizealbany.com/news-events/2015/06/capitol-melts-grilled-cheese-cafe-takes-space-at-136-state-street-on-wellington-row/) - Historic Wellington Row’s newest tenant Capitol Melts Grilled Cheese Cafe, the first grilled cheese focused cafe in the City held a ribbon cutting ceremony and formally opened at 136 State Street in downtown Albany on Tuesday after a soft opening earlier this month. As part of Columbia Development's redevelopment of Albany's historic Wellington Row, the space was transformed
- [UNDER CONSTRUCTION: Tech Valley High School](https://capitalizealbany.com/news-events/2014/06/under-construction-tech-valley-high-school/) - Construction of a new 25,000 SF academic facility providing students with state-of-the-art classroom space. Through a strong emphasis on science, technology and math, students will be provided with the skills necessary to be successful in tomorrow's workforce. This project furthers the relationship between the State of New York, the College of Nanoscale Science and Engineering
- [Capitalize Albany Corporation Approves New Financing For Mixed-Use Apartments at 40-48 South Pearl in Downtown](https://capitalizealbany.com/news-events/2015/04/capitalize-albany-corporation-approves-new-financing-for-mixed-use-apartments-at-40-48-south-pearl-in-downtown/) - On Tuesday Capitalize Albany Corporation board members approved a $275,000 loan to assist with the $2.5 million redevelopment of 40-48 South Pearl Street as part of the Corporation’s Real Estate Loan Program. Chris Maddalone and Seth Meltzer of Maddalone & Associates plan to transform the 24,000 sq. ft. property, mostly vacant since 2011, into 16
- [Mixed-Use Apartments Project At 40-48 South Pearl Street Ready To Begin](https://capitalizealbany.com/news-events/2015/05/mixed-use-apartments-project-at-40-48-south-pearl-street-ready-to-begin/) - On Thursday, the Albany Industrial Development Agency board approved an application to provide financial assistance for a redevelopment project at 40-48 South Pearl Street in downtown Albany. With the SEQR process already completed, the shovel ready $2.5 million project has made it through the development pipeline and developers Chris Maddalone and Seth Meltzer of Maddalone
- [Request for Qualifications (RFQ) Building a Tactical Revitalization Plan for Downtown Albany, NY](https://capitalizealbany.com/news-events/2012/12/request-for-qualifications-rfq-building-a-tactical-revitalization-plan-for-downtown-albany-ny/) - Information Available • Capitalize Albany Corporation procurement policy Information regarding project partners, downtown Albany, destinations within downtown, and neighborhoods surrounding downtown can be found at the following links: • City of Albany • Downtown Albany BID • Albany County Convention & Visitors Bureau • Albany Colonie Regional Chamber of Commerce • Albany Convention Center Authority
- [8 Semifinalists to Respond to RFP Announced](https://capitalizealbany.com/news-events/2013/02/8-semifinalists-to-respond-to-rfp-announced/) - Capitalize Albany Corporation has announced the 8 semi-finalists to respond to the RFP (request for proposals) for the Downtown Albany Tactical Plan. The full list of semi-finalists can be found here. Semi-finalists were selected from the 14 respondents to the RFQ. The Downtown Tactical Plan is a first-of-its-kind, fully comprehensive, future-focused plan for Downtown Albany.
- [Impact Downtown Albany Letter to the Editor Published in Albany Business Review](https://capitalizealbany.com/news-events/2014/04/impact-downtown-albany-letter-to-the-editor-published-in-albany-business-review/) - A letter to the editor, written by our expert consultants at Goody Clancy, was published by the Albany Business Review in their 4/11-4/17 publication. To read the letter, please reference page 22 of the Albany Business Review, or view a .pdf of the letter here.
- [State of Downtown Albany Meeting Wraps up with Final Meeting on Retail](https://capitalizealbany.com/news-events/2014/05/state-of-downtown-albany-meeting-wraps-up-with-final-meeting-on-retail/) - Capitalize Albany Corporation, alongside their team of world-class consultants, presented the existing conditions analysis for Downtown Albany’s retail market on Thursday, May 8th at the Hilton Albany. The meeting was the third and final installment of the State of Downtown Albany Market Series, which is part of the Impact Downtown Albany initiative. Presenting was Mayor
- [Capitalize Albany Corporation Expands Staff to Improve Outreach](https://capitalizealbany.com/news-events/2015/05/capitalize-albany-corporation-expands-staff-to-improve-outreach/) - https://twitter.com/CapAlbanyCorp/status/596029135962689536 There are three new faces at Capitalize Albany Corporation, a private, non-profit that serves as the economic development arm for the city of Albany, New York. Sabina Mora, senior economic developer; Ashley Lavigne, senior economic developer II; and Michael Bohne, communications and marketing assistant, recently joined the staff. They are filling vacancies and are part
- [Impact Downtown presents Pop-Place at Tricentennial Park, September 13th through September 23rd](https://capitalizealbany.com/news-events/2014/09/impact-downtown-presents-pop-place-at-tricentennial-park-september-13th-through-september-23rd/) - < FEATURING: POP-UP SHOPS > Where: Tricentennial Park (Broadway Ave at Columbia St) When: September 13th through September 23rd Times: Most shops are open daily, 11a - 7p. Some are limited features; see the full schedule for days and times. What: Impact Downtown’s pop-up shops activate vacant storefronts and public spaces to help support entrepreneurs
- [Downtown Stakeholder Forums](https://capitalizealbany.com/news-events/2012/09/downtown-stakeholder-forums/) - 2nd Wednesday of Each Month | 3:30 PM - 5:00 PM Please save the date for the first of a series of six monthly Downtown Stakeholder Forums hosted by Mayor Jennings, Capitalize Albany Corporation and the Downtown Albany BID. These forums will each focus on a specific downtown theme and will be open to all
- [Trending: Walkable Cities](https://capitalizealbany.com/news-events/2015/05/trending-walkable-cities/) - Forget driving to the suburbs for food. By 2030, the places downtown residents need to get to on a regular basis will be within walking distance. Downtowns will have more grocery stores, coffee bars and lunch counters for people who live or work in the city, unlike now, when there are no grocery stores. Sarah Reginelli, president
- [Capitalize Albany Announces the CFA Neighborhood Roundtable Sessions](https://capitalizealbany.com/news-events/2015/05/capitalize-albany-announces-the-cfa-neighborhood-roundtable-sessions/) - With the Regional Economic Development Council's Round 5 consolidated funding application (CFA) process officially under way, the roundtable sessions provide an opportunity for your neighborhood’s business owners, community leaders and residents to come together and discuss how the CFA process can make an impact in your community. Capitalize Albany Corporation will be on site to answer any
- [Capitalize Albany President Sarah Reginelli Recognized As Part Of The Albany Business Review Class of 2015 40 Under 40 Winners](https://capitalizealbany.com/news-events/2015/05/capitalize-albany-president-sarah-reginelli-recognized-as-part-of-the-albany-business-reviews-class-of-2015-40-under-40-winners/) - A crowd of more than 700 attended the Albany Business Review's annual ceremony to honor the 2015 40 Under 40 award winners at the downtown Hilton Albany. For more than 15 years, the Albany Business Review has recognized the Capital Region's talent through its annual 40 Under 40 awards. These annual awards acknowledge the professionals vital to
- [PORT OF ALBANY SEEKING PROPOSALS FOR THE CORNING PRESERVE VISITORS CENTER ON THE HUDSON RIVER IN DOWNTOWN ALBANY](https://capitalizealbany.com/news-events/2014/05/port-of-albany-seeking-proposals-for-the-corning-preserve-visitors-center-on-the-hudson-river-in-downtown-albany/) - The Port of Albany has issued a Request For Proposals (RFP) for the Corning Preserve Visitors Center Building located along the Hudson River in downtown Albany. The Port of Albany is seeking a dynamic user that will provide a public benefit to the thousands of patrons that regularly utilize the amphitheater and Corning Preserve recreational
- [412 Broadway Under Construction](https://capitalizealbany.com/news-events/2014/05/412-broadway-under-construction/) - 412 Broadway consists of the conversion of a vacant 36,900 SF building into mixed-use retail/residential space. It will include 32 residential retail units and 6,500 SF for up to 2 tenants. This project directly implements the Albany 2030, Impact Downtown Albany and Downtown Albany Residential strategies. This project's location on the revitalized Broadway corridor makes
- [Introduction to the ZEN Building at CNSE](https://capitalizealbany.com/news-events/2014/05/introduction-to-the-zen-building-at-cnse/) - On Thursday, May 15th, Fuller Road Management gave an introduction to the College of Nanoscale Science's Zero Energy Nanotechnology (ZEN) building to the City of Albany CRC (Capital Resource Corporation) Board. The project is a $191 million investment in support of the research and educational purposes of CNSE through the various tenancies and programs that
- [Save the Date! June 17 - The City of Albany Reinvests 2014](https://capitalizealbany.com/news-events/2014/05/save-the-date-june-17-the-city-of-albany-reinvests-2014/) - Capitalize Albany Corporation will be hosting The City of Albany Reinvests event on Tuesday, June 17th starting at 5:30pm at The Academy Lofts/The Barn. For more information on this event please email us at development@capitalizealbany.com
- [First State of Downtown Meeting Draws 100+ Attendees](https://capitalizealbany.com/news-events/2014/03/first-state-of-downtown-meeting-draws-100-attendees/) - Press release for the State of Downtown Albany's first meeting as part of the overall Impact Downtown Albany plan
- [Sixty State Place Officially Cuts Ribbons](https://capitalizealbany.com/news-events/2014/03/sixty-state-place-officially-cuts-ribbons/) - ALBANY, N.Y. (March 4, 2014) --- Sixty State Place, a new luxury event space located in the heart of Downtown Albany, opened its doors to the public after undergoing substantial renovations to the former bank. Originally built in 1902 and designed by York and Sawyer in a Beaux-Arts neoclassical architecture style, Sixty State Place completed
- [Sixty State Place to Hold Ribbon Cutting](https://capitalizealbany.com/news-events/2014/02/sixty-state-place-to-hold-ribbon-cutting/) - On Tuesday, March 4th, Sixty State Place will host their official ribbon cutting from 3pm to 6pm. Event is open to the public.
- [Department of Planning Successfully Hosts Waterfront Open House](https://capitalizealbany.com/news-events/2014/01/department-of-planning-successfully-hosts-waterfront-open-house/) - A brief overview of the Corning Preserve Waterfront Park Open House event
- [Winn Development Announces Financial Closing for Livingston School Redevelopment Project](https://capitalizealbany.com/news-events/2014/01/winn-development-announces-financial-closing-for-livingston-school-redevelopment-project/) - January 17, 2014 - WinnDevelopment, the development arm of WinnCompanies, an award-winning national real estate development and property management company, in partnership with Albany Housing Authority, announced today that it has closed on the financing for the adaptive re-use of the Livingston School in Albany, N.Y. This project marks Winn’s 18th large scale historic renovation in
- [Numerous City of Albany Projects Selected by Regional Council As Proposed Priority Projects ](https://capitalizealbany.com/news-events/2013/09/numerous-city-of-albany-projects-selected-by-region-as-proposed-priority-projects/) - Over a dozen projects within the City of Albany have been identified by the Capital Region Economic Development Council as proposed priority projects for the upcoming REDC Round 3 awards. They include: the CSCC ATTAIN Lab project; the Park South Redevelopment project ; the Quackenbush Square project; the Wellington Row project; the Dewitt Clinton Hotel
- [Renovation of Historic Dewitt Clinton Hotel to Create More Than 200 Jobs And Spur Economic Growth in Capital Region Announced](https://capitalizealbany.com/news-events/2013/08/renovation-of-historic-dewitt-clinton-hotel-to-create-more-than-200-jobs-and-spur-economic-growth-in-capital-region-announced/) - On Monday, August 8th, the office of Governor Andrew Cuomo, alongside of Mayor Jennings, Columbia Development, BBL Hospitality and Capitalize Albany Corporation announced the renovation of the historic Dewitt Clinton Hotel, which will be turned into a new Renaissance by Marriott hotel. Full release is available: here.
- [City of Albany, Capitalize Albany Corporation, Capital Group Developments, Downtown BID Cut Ribbon at 83 Beaver](https://capitalizealbany.com/news-events/2013/07/city-of-albany-capitalize-albany-corporation-capital-development-group-downtown-bid-cut-ribbon-at-83-beaver/) - Mayor Jennings, Capital Group Developments, Capitalize Albany Corporation and the Downtown Albany BID cut the ribbon today at the newest addition to the Downtown Residential initiative: the 83 Beaver Street loft apartments. Full release here.
- [City of Albany IDA Congratulates Honest Weight Food Co-Op on Grand Opening](https://capitalizealbany.com/news-events/2013/08/city-of-albany-ida-congratulates-honest-weight-food-co-op-on-grand-opening/) - The City of Albany Industrial Development Agency (IDA), alongside of board members and staff at Honest Weight Food Co-Op celebrated the grand opening of the Co-Op’s newest building on Watervliet Avenue. The $11 million project was the recipient of City of Albany IDA sales tax exemption, and payment in lieu of taxes. For the full
- [Mayor Jennings, Developers Jim and Lena Hart, Capitalize Albany Corporation Cut Ribbon of Liberty Lofts at 374 Broadway](https://capitalizealbany.com/news-events/2013/08/mayor-jennings-developers-jim-and-lena-hart-capitalize-albany-corporation-cut-ribbon-of-liberty-lofts-at-374-broadway/) - Mayor Jennings, project developers Jim and Lena Hart, Capitalize Albany Corporation and the Downtown Albany BID cut the ribbon today at the newest addition to the Downtown Residential initiative: the Liberty Lofts at 374 Broadway. The $1.9 million project received assistance via loans from Capitalize Albany Corporation and Berkshire Bank. Full release here.
- [Palace Theater Success Shows Signs of Healthy Downtown](https://capitalizealbany.com/news-events/2013/09/palace-theater-success-shows-signs-of-healthy-downtown/) - Albany's Palace Theater shows profit for second year "The 82-year-old Palace is a large part of the city’s economy. The approximately 150,000 patrons who visited the theater this year also ate, drank and shopped in Albany’s downtown." Full story here.
- [New Tenants Announced for Kiernan Plaza](https://capitalizealbany.com/news-events/2013/09/new-tenants-announced-for-kiernan-plaza/) - On Monday afternoon, Lieutenant Governor Duffy visited Kiernan Plaza. The former Union Station will serve as the new corporate headquarters for the credit union SEFCU and the national engineering firm CHA, and will house a new regional office of the Arkansas-based networking firm Windstream Communications. Full story here.
- [Angela's Bridal to Open New Boutique in Downtown](https://capitalizealbany.com/news-events/2013/07/angelas-bridal-to-open-new-boutique-in-downtown/) - Angela's Bridal will hold their official ribbon cutting on Thursday, July 11 at 11:00 am at their new location on 126 State Street. The event is open to the public. The boutique will be the newest addition to Downtown Albany's growing retail scene. The luxury boutique also rounds out a niche bridal market in Downtown

## Pages

- [Home](https://capitalizealbany.com/) - Located in Albany, NY, Capitalize Albany Corporation implements programs & resources that create, retain, & attract business in the City of Albany, NY.
- [Doing Business](https://capitalizealbany.com/doing-business/) - The City of Albany offers businesses a prime destination to invest & grow. Albany is home to the State Capitol, Albany NanoTech, world renowned hospitals & more.
- [Employment](https://capitalizealbany.com/about/employment/) - Jobs currently available: Senior Economic Developer About the Position Capitalize Albany Corporation is seeking a highly-motivated, professional and experienced candidate for Senior Economic Developer. This is a fast-paced position responsible for managing the administration of the Corporation’s real estate development programs, including project development and financing and administration of the City of Albany Industrial Development
- [Public Documents](https://capitalizealbany.com/public-documents/) - Pursuant to New York State legislation, each meeting of Capitalize Albany Corporation will be available to the public through a live stream broadcast. Following each meeting the recording is made available online for a period of at least five years. Click here to view live meetings and recordings of previous meetings on YouTube. See below
- [Members](https://capitalizealbany.com/members/) - Board of Directors of the Capitalize Albany Corporation General Reference Board of Directors Master List 2026 Officers, Directors & Committees Board Meeting Schedule 2026 Board Meeting Schedule Latest Quarterly Financials Q1 2026 Financials (subject to revision pending Audit) Draft 990 Draft 2022 990 and CHAR500 Current Board & Committee Meeting Materials | Board Members Only
- [Our Board of Directors](https://capitalizealbany.com/our-board-of-directors/) - Capitalize Albany Board of Directors Chair – Anders Tomson, President & CEO, Chemung Canal Trust Company In December of 2016 Anders Tomson was named President and Chief Executive Officer of Chemung Canal Trust Company (CCTC), the oldest community bank in New York State founded in 1833. CCTC now has 32 branches spread across 13 counties
- [Board of Directors](https://capitalizealbany.com/about/board-of-directors/) - Board of Directors Chair – Anders Tomson, President & CEO, Chemung Canal Trust Company (Elected 12/2023 - 12/2026) In December of 2016 Anders Tomson was named President and Chief Executive Officer of Chemung Canal Trust Company (CCTC), the oldest community bank in New York State founded in 1833. CCTC now has 32 branches spread across
- [Small Business Facade Grant Program](https://capitalizealbany.com/grants-facade/) - City Of Albany Small Business Facade Improvement Program Program guidelines, access to previous round application resources is available below. The seventh-round program opened April 1, 2025 and closed on May 14, 2025. An eighth-round application window is being organized for fall 2026. This is a matching grant program designed to assist small businesses throughout the
- [Capitalize Albany Corporation Grant Programs](https://capitalizealbany.com/grants/) - GRANT PROGRAMS & BUSINESS RESOURCES Made possible with support from the City of Albany, City of Albany Capital Resource Corporation and the Albany Community Development Agency, programming in 2026 is poised to assist new businesses, strengthen existing businesses, support ongoing post-COVID-19 recovery efforts, boost the City of Albany’s commercial districts and commercial corridors throughout its
- [Investors](https://capitalizealbany.com/investors/) - Become an investor of Capitalize Albany Corporation & be part of an organization that has been attracting business, & growing jobs within Albany, NY.
- [Albany Fact #4](https://capitalizealbany.com/albany-overview/albany-statistic-here/) - A city that 100,000 people call home, Albany’s many neighborhoods offer a variety of residential options, from handsome Brownstones to stately Colonials on tree-lined streets. As the largest municipality in the Capital Region, a Metropolitan Statistical Area (MSA) of 1 million, Albany provides a combination of urban and suburban living.
- [Albany Fact #2](https://capitalizealbany.com/albany-overview/albany-fact-2/) - Albany is a thriving business community with fine dining and world-class entertainment and year-round outdoor activities. From hiking to downhill skiing, Albany is only minutes away from the best recreational facilities in the Northeast.
- [Albany Overview](https://capitalizealbany.com/albany-overview/) - At the crossroads of two of the Northeast’s busiest highways & Hudson River, Albany NY is strategically located to serve diverse business and recreational needs.
- [Real Property Tax Abatement Programs](https://capitalizealbany.com/doing-business/development-resources/real-property-tax-abatement-programs/) - The City of Albany Industrial Development Agency (IDA) and Capital Resource Corporation (CRC) has four available forms of assistance for commercial real estate projects. the IDA can provide real property tax abatements, mortgage recording and NYS sales and use tax exemptions. The City of Albany CRC can provide access to low interest tax-exempt and
- [Real Property Tax Abatement Programs](https://capitalizealbany.com/strategies/downtown-residential/development-resources/real-property-tax-abatement-programs/) - The City of Albany Industrial Development Agency (IDA) and Capital Resource Corporation (CRC) has four available forms of assistance for commercial real estate projects. the IDA can provide real property tax abatements, mortgage recording and NYS sales and use tax exemptions. The City of Albany CRC can provide access to low interest tax-exempt and
- [Loan Programs](https://capitalizealbany.com/doing-business/development-resources/loan-programs/) - Community Preservation Corporation (CPC) is a private mortgage lender specializing in financing low-, moderate- and middle-income housing throughout New York and New Jersey. CPC lends for large and small apartment buildings, occupied or vacant, and for new construction developments. CPC is sponsored by 94 banks and insurance companies. There is a $100 application fee and an
- [Downtown Living](https://capitalizealbany.com/doing-business/development-resources/downtown-living-if-you-lived-downtown-youd-be-home-already/) - Interest in living in downtown Albany remains strong. Financing for commercial and entrepreneurial residential developments can be secured through a variety of organizations and programs including Capitalize Albany Corporation's Real Estate Loan Program, Community Preservation Corporation, Empire State Development Corporation, the City of Albany Industrial Development Agency, New York Office of Parks, Recreation & Historic
- [U.S. Small Business Administration (SBA) 504 Program](https://capitalizealbany.com/doing-business/financing-options/u-s-small-business-administration-sba-504-program/) - Used in conjunction with Partnership programs or conventional lending institutions, SBA 504 loans enable growing businesses to secure long-term, fixed-rate financing for major capital assets. This low-cost second mortgage financing may be exempt from mortgage recording tax; 10- and 20-year terms are available. Pursuit Lending is a local SBA certified lender and can be contacted
- [Pursuit Lending](https://capitalizealbany.com/doing-business/financing-options/new-york-business-development-corporation-nybdc/) - A number of loan programs are available through Pursuit to promote economic activity within New York State. Pursuit is a complement to conventional banking, working in partnership with banks to provide term loans, many of which do not meet the requirements for traditional financing. The goal is to be more creative in underwriting, often including
- [Community Loan Fund of the Capital Region](https://capitalizealbany.com/doing-business/financing-options/capital-district-community-loan-fund/) - The Community Loan Fund is a non-profit community development financial institution serving the Capital Region. It serves as a community-based lender to expand access to credit and capital in disadvantaged communities. Typical loans are given for the development of housing and other facilities, and can be used toward working capital, equipment, inventory, site acquisition, or
- [Capitalize Albany Real Estate Loan Program](https://capitalizealbany.com/doing-business/financing-options/capitalize/) - The Real Estate Loan Program provides financing to qualifying real estate development projects. This will support the revitalization of property and the retention and creation of jobs for City residents. Preferred projects include strategic properties that currently are vacant or underutilized and, with rehabilitation or construction, could have a positive revitalizing effect on the community.
- [Capitalize Albany Corporation Real Estate Loan Program](https://capitalizealbany.com/strategies/downtown-residential/financing-options/capitalize-albany-corporation-real-estate-loan-program/) - The Real Estate Loan Program provides financing to qualifying real estate development projects. This will support the revitalization of property and the retention and creation of jobs for City residents. Preferred projects include strategic properties that currently are vacant or underutilized and, with rehabilitation or construction, could have a positive revitalizing effect on the community.
- [Neighborhood Commercial Districts](https://capitalizealbany.com/doing-business/neighborhood-commercial-districts/neighborhood-commercial-districts/) - Albany, New York’s history spans more than four centuries, and it continues to build on that history today as a vibrant and thriving city. Albany is a city of neighborhoods each having their own distinct character. Together, its diverse commercial districts and neighborhoods make Albany an urban center of choice to live and do business.
- [Team Olivia Sewak](https://capitalizealbany.com/team-olivia-sewak/) - Olivia Sewak Economic Developer Olivia serves as an Economic Developer at Capitalize Albany Corporation, furthering real estate development in the city, supporting the Corporation’s strategic initiatives, and aiding in the mission of making Albany a place where businesses and residents thrive. Olivia is a proud City of Albany resident. She brings a background in real
- [Award Winning Strategy-Driven Economic Development](https://capitalizealbany.com/award-winning-strategy-driven-economic-development/) - Recognized Internationally, Serving Locally Award Winning, Strategy Driven Economic Development For more than three decades the work of Capitalize Albany Corporation has elevated the City of Albany and the Region. It’s executing action-oriented strategies and catalyzing transformation in Albany’s neighborhoods, downtown and commercial districts. 2019 Marketer/Communicator Of The Year The Corporation’s strategic communications initiatives work to support
- [About](https://capitalizealbany.com/about/) - The Capitalize Albany Corporation is a registered 501(c) (3) not-for-profit organization. Creating, retaining, & attracting business in the City of Albany.
- [Capitalize Albany Corporation Annual Report](https://capitalizealbany.com/annualreport/) - Our 2025 Annual Report Click Here Or Above To Read And Learn More In review of 2025, Capitalize Albany Corporation's annual report presents an incredible year of investment in the City of Albany. For more than forty years the work of Capitalize Albany Corporation has elevated the City of Albany. Capitalize Albany has catalyzed
- [2025 BUILDING FOR TOMORROW-RSVP FOR THIS EVENT](https://capitalizealbany.com/2025-building-for-tomorrow-rsvp-for-this-event/) - Building For Tomorrow 2025 Annual Fall Event Returning In 2025 Celebrating new investment and opportunities in the City of Albany, the Corporation’s annual Building for Tomorrow fall event will take place on October 28, at The Tasting Room at Nine Pin Cider Works, and we hope to see you there! To RSVP for the event
- [Meet The Team](https://capitalizealbany.com/team/) - MEET THE TEAM Ashley Mohl President As President of Capitalize Albany Corporation and CEO of the City Industrial Development Agency and Capital Resource Corporation, Ashley leads a team of dedicated professionals implementing the City’s local economic development efforts through real estate development, business development and strategic initiatives. Ashley has more than 15 years of experience
- [Capitalize Albany Corporation Team: Michael Bohne](https://capitalizealbany.com/team-michael-bohne/) - Michael Bohne, APR Communications & Marketing Manager Mike is a proud City resident living in downtown Albany and enjoys a walkable commute to the office in the morning. As Communications & Marketing Manager Mike facilitates the Corporation's public relations management function — provides expertise in message development, media relations, manages the Corporation’s publications, website, social
- [The Clinton Market Collective](https://capitalizealbany.com/clintonmarket/) - Clinton Market Collective Make Your Mark, Help Build And Activate Clinton Market Directly across from the Skyway, the previously-underutilized 11 Clinton Avenue site has been transformed into a vibrant, newly redesigned and accessible outdoor destination in downtown. Clinton Market Collective officially opened on August 1, 2024, and is a new market concept and proving ground
- [Team Kaylie Hogan-Schnittker](https://capitalizealbany.com/team-kaylie-hogan-schnittker/) - Kaylie Hogan-Schnittker Senior Economic Developer Kaylie serves as a Senior Economic Developer, where she manages grant administration, supports business attraction efforts, and leads programming and services for local City of Albany businesses. Prior to joining the Capitalize Albany team, Kaylie was the Director of Talent Strategy at the Lincoln Partnership for Economic Development in Lincoln,
- [Team Cassidy Roberts](https://capitalizealbany.com/team-cassidy-roberts/) - Cassidy Roberts Economic Developer Cassidy serves as an Economic Developer at Capitalize Albany Corporation, furthering the development of Capitalize Albany grant programs, supporting business development and administration while building relationships with local businesses in Albany and the Capital Region. Before joining the team at Capitalize Albany, Cassidy worked as a Project Manager at Entrepid Corporation,
- [Capitalize Albany Team - Maria Lynch](https://capitalizealbany.com/capitalize-albany-team-maria-lynch/) - Maria Lynch Executive Assistant Maria is a seasoned Executive Assistant with extensive experience in administrative processes, event planning, and executive support. She’s instrumental in the management of day-to-day operations and provides support services for the economic development team and Corporation senior leadership. She comes to Capitalize Albany from the Northeastern Retail Lumber Association where she
- [Capitalize Albany Corporation Team: Andy Corcione](https://capitalizealbany.com/team-andy-corcione/) - Andy Corcione Vice President Andy serves as the Vice President of Capitalize Albany Corporation. His practice area focuses on supporting citywide commercial real estate development and investment. Andy also serves as the Chief Operating Officer of the City of Albany Industrial Development Agency where he works closely with Agency applicants to assist with new construction
- [Team - Andrew Biggane](https://capitalizealbany.com/team-andrew-biggane/) - Andrew Biggane Director of Finance & Operations Andrew manages Capitalize Albany’s fiscal, operational and human resources, procedures and processes. He comes to Capitalize Albany Corporation with more than 15 years of experience overseeing financial management, banking, and investment operations for leading organizations in upstate New York. Andrew earned a bachelor’s degree in economics from the
- [Capitalize Albany Corporation Team: Ashley Mohl](https://capitalizealbany.com/team-ashley-mohl/) - Ashley Mohl President As President of Capitalize Albany Corporation and CEO of the City Industrial Development Agency and Capital Resource Corporation, Ashley leads a team of dedicated professionals implementing the City’s local economic development efforts through real estate development, business development and strategic initiatives. Ashley has more than 15 years of experience in the economic
- [Clinton Market Sponsorship Opportunities](https://capitalizealbany.com/clintonmarket-sponsorship/) - Sponsorship Opportunities At Clinton Market To establish a simple and efficient method of supporting the Clinton Market Collective vision, Capitalize Albany has identified sponsorship opportunities for specific on-site amenities. We invite you to read further and contact Capitalize Albany about the many opportunities Clinton Market Collective has available for sponsorship and recognition. Additional Details On
- [Liberty Park Site Redevelopment](https://capitalizealbany.com/libertypark/) - Request For Proposals: Liberty Park Acquisition and Redevelopment An 8-Acre Opportunity Capitalize Albany Corporation, as property owner and project sponsor, launched a request for proposals (RFP) process on May 28, seeking proposals from qualified real estate developers (“Respondents”) to acquire and undertake the redevelopment of downtown Albany's Liberty Park site. This underused and blighted land
- [Impact Downtown Albany](https://capitalizealbany.com/strategies/impact-downtown-albany/) - Impact Downtown Albany Impact Downtown Albany is the action-oriented strategy tapping Downtown’s power to drive community and economic growth in the City of Albany and the Capital Region. This market-driven strategic plan recognizes and positions Downtown, its adjacent warehouse district and riverfront as the ideal 21st Century urban center—a strong economic hub, a vibrant neighborhood
- [Neighborhood Retail Grant Program](https://capitalizealbany.com/grants-neighborhoodretail/) - Neighborhood Retail Grant Program In today’s business climate when starting a new endeavor, private investment often cannot bear the burden alone. The Corporation's latest program established in 2022 will attract businesses interested in establishing a new Albany storefront location, and enhance existing retail businesses in strategically identified neighborhood commercial corridors located throughout the City of
- [Event RSVP: March 11, 2025](https://capitalizealbany.com/event-rsvp-march-11-2025/) - Briefing On The Proposed New York State Executive Budget With OGS Commissioner Jeanette Moy Tues. March 11, 2025 8:30 - 9:00 a.m. - Attendee Check-in & Continental Breakfast 9:00 - 10:00 a.m. - Presentation Albany Capital Center Meeting Room 2C 55 Eagle Street, Albany, NY 12207 Update, March 4, 5PM: Thank you for your
- [Contact](https://capitalizealbany.com/contact/) - Contact us for more information, or for questions to your answers.
- [Downtown Residential](https://capitalizealbany.com/strategies/downtown-residential/) - Downtown Residential Projects Downtown residential development and adaptive reuse of local historic building stock are strategic priorities for Capitalize Albany Corporation. The Corporation fueled the award winning strategic initiative in 2002 by allocating resources for building owners, developers and investors. The Downtown Residential Development Initiative brings many benefits to downtown, including finding a new vitality
- [Small Business Building Improvement Grants](https://capitalizealbany.com/grants-big/) - Contact Our Programming Staff To Apply Or Learn More E: Development@CapitalizeAlbany.com | P: (518) 434-2532 Small Business Building Improvement Grant Program Application Process Now Closed Applications for Round I of the BIG Program will be accepted as outlined below: Step 1: Intake and Eligibility Forms will be accepted from January 11, 2023 until 11:59PM
- [Impact Downtown Albany](https://capitalizealbany.com/impact-downtown/) - This website describes the Impact Downtown Albany initiative. Impact Downtown Albany will be a market-driven, action-oriented strategic plan that positions Downtown, its adjacent warehouse district and waterfront as the ideal urban center – a strong economic hub, a vibrant neighborhood and a modern, dynamic destination.
- [Editing Page](https://capitalizealbany.com/2023draft/) - GRANT PROGRAMS & BUSINESS RESOURCES Made possible with support from the City of Albany, City of Albany Capital Resource Corporation and the Albany Community Development Agency, programming in 2023 is poised to assist new businesses, strengthen existing businesses, support ongoing post-COVID-19 recovery efforts, boost the City of Albany’s commercial districts and commercial corridors throughout its
- [Downtown Albany Retail Grant Program](https://capitalizealbany.com/grants-downtownretail/) - Downtown Albany Retail Grant Program The Impact Downtown Albany strategic plan shows that not only is there a significant demand for retail downtown, but that downtown will thrive when the retail mix fully represents Albany’s unique local character. The program assists businesses new to Albany to establish a downtown retail location as well as existing
- [Amplify Albany Grant Program](https://capitalizealbany.com/grants-amplify/) - Amplify Albany Grant Program Capitalize Albany designed the Amplify Albany Grant Program to provide resources for the implementation of exciting activities and events that leverage the City of Albany’s most unique and strongest assets. The program is enhancing the City of Albany’s commercial districts and businesses by providing grant funding to non-profits, businesses and other
- [University at Albany Student Project](https://capitalizealbany.com/bus523/) - University at Albany B MGT 523 Presentation Skills Contact Information: Andy Corcione Senior Economic Developer, Capitalize Albany Corporation E: ACorcione@capitalizealbany.com General Supporting Documents Presentation BUS 523 Handout Impact Downtown Albany RFQ RFP 2017 Capitalize Albany Annual Annual Report Albany 2030 Park South Urban Renewal Plan ACDA Consolidated Plan Re-Capitalize Albany Plan ReZone Albany Development
- [Capitalize Albany Corporation Team - Erin Grace](https://capitalizealbany.com/capitalize-albany-corporation-team-erin-grace/) - Erin Grace Executive Assistant Erin is instrumental in the management of day-to-day operations and provides support services for the Corporation’s economic development team. She brings an aptitude of experience to her role as Executive Assistant with expertise in supporting not-for-profits and public authorities. Previously Erin has served as the Director of Operations to the Association
- [Albany Fact #1](https://capitalizealbany.com/albany-overview/albany-fact-1/) - Walkable streets, a vibrant night life, restaurants, bars and live entertainment make the City of Albany a place to work, and play. Click below and learn more about what’s happening in and around Albany. https://www.albanyny.gov/ http://downtownalbany.org/ http://centralbid.com http://larkstreet.org
- [Instagram Updates](https://capitalizealbany.com/instaupdates/) - Welcome! We appreciate our Instagram followers taking a moment to click that bio-link and learn more about something posted, and we wanted to make it even easier for you find what you're looking for. www.SupportsmAlbany.com | COVID-19 Updates & Resources For Businesses Capitalize Albany Corporation's 2021 Annual Report Sign Up For Our E-Newsletter About Capitalize
- [#1GreatThingALB](https://capitalizealbany.com/1greatthingalb/) - #1GreatThingALB Social Media Campaign It goes without saying that we here at Capitalize Albany (@CapAlbanyCorp) are big fans of this City and all it has to offer. The future of our City is bright and full of opportunity. So many amazing things are happening here, but not all of them get the attention they need
- [Understanding The Market](https://capitalizealbany.com/strategies/downtown-residential/downtown-residential-initiative/another-resource-title/) - The first stage was to understand the market for residential units downtown. In 2002, the City of Albany, Capitalize Albany Corporation and the Downtown Albany Business Improvement District retained Blount Hunter Associates to complete a Downtown Marketing and Leasing Strategy to drive additional commercial retail in downtown Albany. As a part of that effort, Zimmerman
- [Strategies](https://capitalizealbany.com/strategies/) - Downtown Residential Impact Downtown Albany
- [COVID-19 | Coronavirus Information And Resources](https://capitalizealbany.com/covid-19resources/) - COVID-19 | Coronavirus Information And Resources This Page Was Updated On March 20 at 7:30 p.m. More information and resources at www.supportsmAlbany.com. With the rapidly changing COVID-19 developments, Capitalize Albany Corporation will strive to assist local businesses and help them access resources to weather and recover from this event. The best way to reach our
- [Albany Opportunity Zones](https://capitalizealbany.com/albany-opportunity-zones/) - City of Albany Opportunity Zones The Opportunity Zones incentive is a new community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity
- [No Access](https://capitalizealbany.com/no-access/)
- [Partners](https://capitalizealbany.com/partners/) - Capitalize Albany Corporation partners with various city, state, federal agencies, non-profit & for-profit organizations to carry out its mission in Albany, NY.
- [Meeting Notice 2019](https://capitalizealbany.com/meeting-notice-2019/)
- [Entertainment and Events](https://capitalizealbany.com/strategies/downtown-residential/living-downtown/entertainment-and-events/) - Downtown Albany attracts world renowned artists and sporting events to the many entertainment venues that are within the district. These include the Times Union Center, Albany Capital Center, Capital Repertory Theater, and Palace Theatre to name a few. Greats such as Diana Ross, The Rolling Stones, Bruce Springsteen, Michael Buble, Keith Urban, American Idol, NBA,
- [Dining and Retail](https://capitalizealbany.com/strategies/downtown-residential/living-downtown/dining-and-retail/) - Downtown Albany has a number of restaurants to choose from all offering a variety of cuisines and atmospheres. There are over 75 restaurants, bars and eateries to choose from. In particular downtown has attracted a number of fine dining restaurants which have been a draw for bringing numerous people into downtown. Restaurants like 677 Prime,
- [Building For Tomorrow 2018 Annual Report](https://capitalizealbany.com/buildingfortomorrow2018/) - Our 2018 Annual Report In review of 2018, Capitalize Albany Corporation's annual report presents an exciting year of investment in the City of Albany. For more than three decades the work of Capitalize Albany Corporation has elevated the City of Albany and the Region. It's executing action-oriented strategies and catalyzing transformation in Albany's neighborhoods, downtown and commercial districts.
- [Building For Tomorrow 2017](https://capitalizealbany.com/buildingfortomorrow2017/) - Our 2017 Annual Report In review of 2017, Capitalize Albany Corporation's annual report presents an unprecedented year of investment in the City of Albany. For more than three decades the work of Capitalize Albany Corporation has elevated the City of Albany and the Region. It's executing action-oriented strategies and catalyzing transformation in Albany's neighborhoods, downtown and commercial districts.
- [DRI Round 3: City of Albany, Clinton Square](https://capitalizealbany.com/driclintonsquare/) - Supplemental Materials | City of Albany Downtown Revitalization Initiative Application More than $280 million of investment is already proposed and more than $80 million is underway in this 1/3 mile stretch of real estate – and reaching the full potential of both Downtown and the Warehouse District hinges on its success. Clinton Square can
- [Clinton Square DRI Public Engagement](https://capitalizealbany.com/driclintonsquare-public-engagement/) - Public Engagement The City of Albany and Capitalize Albany launched the public engagement process for the third round of the Downtown Revitalization Initiative by welcoming local stakeholders from a variety of sectors across this downtown district to a public workshop held at the Palace Theatre. The Clinton Square team also released a survey online, and
- [Capitalize Albany Corporation Team: Joe Landy](https://capitalizealbany.com/team-joe-landy/) - Joseph Landy Senior Economic Developer II Joe Landy has been helping Albany and Capital Region businesses succeed since 2009. Prior to his role as Senior Economic Developer II with Capitalize Albany, he was the Director of Commercial Lending for the Capital Region Chamber of Commerce, managing the $19 million Al Tech loan Fund used to
- [Capital Region Chamber](https://capitalizealbany.com/partners/business-improvement-districts/albany-colonie-regional-chamber of-commerce/) - http://capitalregionchamber.com The Capital Region Chamber’s mission is to be a unifying force to provide greater influence and opportunities for its members and the Capital Region communities. The Chamber helps build a strong community by connecting its members to people, business and issues important to business success. Through the Chamber, individuals and businesses are engaged in
- [Grant Research and Writing Student Internship: Summer 2016](https://capitalizealbany.com/internships-grant-research-and-writing-student-internship/) - Grant Research and Writing Student Internship: Summer 2016 Capitalize Albany Corporation is seeking a highly motivated, professional, responsible and enthusiastic student candidate for its 2016 Summer Internship in grant research and writing. In this training opportunity, the individual will be immersed in grant research and learning how to draft and produce grant proposals. This internship
- [Research and Data Analysis Student Internship - Summer 2016](https://capitalizealbany.com/internships-research-and-data-analysis/) - Research and Data Analysis Student Internship: Summer 2016 Capitalize Albany Corporation is seeking a highly motivated, professional, responsible and enthusiastic student candidate for its 2016 Summer Internship in research and data analysis. In this training opportunity, the individual will be immersed the field of economic development research and gain valuable hands-on experience in research design,
- [Development Resources](https://capitalizealbany.com/doing-business/development-resources/) - This copy is not used. Please use the child pages.
- [Building For Tomorrow](https://capitalizealbany.com/buildingfortomorrow/) - Our 2015 Annual Report In review of 2015, Capitalize Albany Corporation's annual report presents an unprecedented year of investment in the City of Albany. For more than three decades the work of Capitalize Albany Corporation has elevated the City of Albany and the Region. It's executing strategies – Impact Downtown Albany, neighborhood plans and now Capital 20.20
- [Sign Up For Our E-Newsletter](https://capitalizealbany.com/e-newsletter/)
- [Business Improvement Districts](https://capitalizealbany.com/partners/business-improvement-districts/business-improvement-districts/) - Since 1995, Albany has seen the creation of three Business Improvement Districts (BID). They are the Downtown Albany BID, which was formed in 1996; the Lark Street BID, which was also formed in 1996; and the Central BID, which was created in 1997. A BID is a public/private partnership through which a special assessment is
- [Impact Downtown - FAQs](https://capitalizealbany.com/impact-downtown-albany-faqs/) - Impact Downtown Albany FAQs What is the Impact Downtown Albany strategy? Impact Downtown Albany is a first-of-its-kind, fully comprehensive, future-focused plan for Downtown Albany. Its results-driven implementation plan will act as a guide for local redevelopment and reinvestment in a manner that meets the needs of residents, businesses and other stakeholders. Who developed the strategy?
- [Impact Downtown Albany - Strategy Partners](https://capitalizealbany.com/impact-downtown-albany-strategy-partners/) - Impact Downtown Albany Partners These Partners are Opening the Door to Downtown's Future. Is your organization on the list?
- [Impact Downtown Albany Projects](https://capitalizealbany.com/impact-downtown/impact-downtown-albany-projects/) - Below is a running list of projects on-going in Downtown Albany that correlate with Impact Downtown Albany: 40-48 South Pearl Street the SCiTI Center at Kiernan Plaza 412 Broadway Wellington Row/the DeWitt Clinton 488 Broadway
- [58 North Pearl St.](https://capitalizealbany.com/58-north-pearl-st/)
- [Impact Downtown Albany - Events & Materials](https://capitalizealbany.com/impact-downtown-albany-events-materials/) - IMPACT DOWNTOWN ALBANY UPCOMING & PREVIOUS EVENTS Impact Downtown Briefing Booklet The strategy development process for Impact Downtown is wrapping up. The summer months have been spent analyzing market data and digesting key stakeholder input. As a result of this analysis in combination with stakeholder input the Downtown Briefing Booklet was created. We are excited
- [Impact Downtown Albany - Media Kit](https://capitalizealbany.com/impact-downtown-albany-media-kit/) - IMPACT DOWNTOWN ALBANY Current Media Materials Press Kit IMPACT DOWNTOWN PUBLICATION Cover Letter from Mike Yevoli Downtown Fact Sheet Urban Trends Fact Sheet Consultant Biographies Supporting Documents Development Today 2013 Downtown Residential Guide 2012 Supporting Maps Downtown Re-Development Map Press Coverage November 19th kick-off event http://www.timesunion.com/business/article/Leaders-discuss-Albany-s-future-4994107.php http://www.bizjournals.com/albany/news/2013/11/19/pecha-kucha-today-about-the-future-of.html http://alloveralbany.com/archive/2013/11/14/impact-downtown-albany-what-changes-would-you-make http://hudsonvalley.ynn.com/content/news/705793/plotting-the-future-for-downtown-albany/ http://wamc.org/post/impact-downtown-albany-kicks-tuesday http://wamc.org/post/downtown-albany-brace-impact http://wnyt.com/article/stories/S3223225.shtml?cat=300
- [Member Spotlight](https://capitalizealbany.com/member-spotlight/) - Member Spotlight An interview with Tracy Metzger, Founder and Principal Broker at TL Metzger & Associates Q. Tell us a little bit about TL Metzger & Associates We are a full service real estate brokerage firm with specialist in the residential and commercial markets. As a commercial broker, I work with Tenants looking to relocate
- [The Impact Downtown Strategy](https://capitalizealbany.com/downtown-tactical/) - For press materials, click here and here. What is the Impact Downtown Strategy? The Impact Downtown strategy is a first-of-its-kind, fully comprehensive, future-focused initiative focused on Downtown Albany. The strategy will focus on a variety of areas, including: long-range vision; community engagement; and, market driven recommendations It will also act as a guide for local
- [Center for Economic Growth (CEG)](https://capitalizealbany.com/partners/center-for-economic-growth-ceg/center-for-economic-growth-ceg/) - As a not-for-profit membership based organization, the Center for Economic Growth collaborates with its partners to both shape the future of our communities and to provide the pathways necessary to make those goals become reality. By advancing visionary policies and advocating for transformational change the Center for Economic Growth strives to build upon the qualities
- [Center for Economic Growth (CEG)](https://capitalizealbany.com/partners/center-for-economic-growth-ceg/)
- [Industrial Development Agency (IDA) and Capital Resource Corporation (CRC)](https://capitalizealbany.com/partners/industrial-development-agency-ida-and-capital-resource-corporation-crc/) - The purpose of the City of Albany Industrial Development Agency and Capital Resource Corporation is to promote, develop, encourage and assist in acquiring, constructing, improving, maintaining or equipping certain facilities thereby advancing the job opportunities, health, general prosperity and the economic welfare of the people of the City of Albany. In order to be effective
- [Quality of Life](https://capitalizealbany.com/strategies/downtown-residential/living-downtown/quality-of-life/) - If you are one of the many people calling downtown Albany home, you will certainly be pleased with the various services and standards that add to the quality of life for this neighborhood. The City of Albany and Downtown Albany BID work diligently to maintain this district as a safe, clean and inviting place to
- [Parks and Recreation](https://capitalizealbany.com/strategies/downtown-residential/living-downtown/parks-and-recreation/) - Downtown’s parks are a favorite destination for both residents and visitors alike. The Albany Riverfront Park at the Corning Preserve is a waterfront destination for recreation and a variety of entertainment. With easy access provided by the Hudson River Way Pedestrian Bridge, the park bolsters an amphitheatre with performance space, a new bulkhead, floating boat
- [City of Albany Historic Property Tax Abatement](https://capitalizealbany.com/strategies/downtown-residential/development-resources/city-of-albany-historic-property-tax-abatement/) - This is an exemption for improvements to Historic Property in the City of Albany and applies only to City property taxes (does not apply to County or School taxes). This exemption is to provide a property tax incentive to encourage investment in and rehabilitation of historic properties. This exemption applies to any increase in value
- [Regulatory Assistance](https://capitalizealbany.com/strategies/downtown-residential/development-resources/regulatory-assistance/) - The City of Albany Department of Development and Planning provide land use services for projects that are going through the development review process. This includes staff to the Board of Zoning Appeals or Planning Board. Staff are able to facilitate projects through the appropriate review and permitting process in order to get from project concept
- [Site Selection](https://capitalizealbany.com/strategies/downtown-residential/development-resources/site-selection/) - Capitalize Albany Corporation staff and the City of Albany’s Economic Development team are able to assist development groups and potential investors with identifying suitable sites. Ranging from small scale 2-4 unit conversion projects to large scale 60-80 unit conversion or construction projects, staff is intimately familiar with the available building stock and available properties in
- [NYSERDA $mart Loan Fund](https://capitalizealbany.com/strategies/downtown-residential/financing-options/nyserda-mart-loan-fund/) - NYSERDA $mart Loan Fund provides interest rate reductions on loans for energy-efficiency projects and renewable technologies. The program provides interest rate reductions up to 4% in cooperation with participating lenders, which include banks, credit unions, community development financial institutions, and farm credit associations. Loans can be up to: $20,000 for 1-4 family homes for a
- [Community Preservation Corporation (CPC)](https://capitalizealbany.com/strategies/downtown-residential/financing-options/community-preservation-corporation-cpc/) - Community Preservation Corporation (CPC) is a private mortgage lender specializing in financing low-, moderate- and middle-income housing throughout New York and New Jersey. CPC lends for large and small apartment buildings, occupied or vacant, and for new construction developments. CPC is sponsored by 94 banks and insurance companies. There is a $100 application fee and
- [Building Market Momentum](https://capitalizealbany.com/strategies/downtown-residential/downtown-residential-initiative/building-market-momentum/) - The initiative has now taken on momentum of its own, indicating that the market is taking hold. As evidence, the Technical Assistance program is no longer active. Property owners or developers are taking on the risk of analysis with their own funds, no longer requiring grants to test the feasibility. Also, as much subsidy is
- [Leveraging Resources](https://capitalizealbany.com/strategies/downtown-residential/downtown-residential-initiative/leveraging-resources/) - Capitalize Albany Corporation, CPC and now other traditional lenders have directed attractive and targeted financing to assist projects that were developed from the Technical Assistance Grant program. The project partners have strong collaborative relationships with a number of commercial banks that participate in a majority portion of the funding. The City of Albany and the
- [Driving Development](https://capitalizealbany.com/strategies/downtown-residential/downtown-residential-initiative/driving-development/) - The third stage, is the Building Renovation Program, which is where the resource development is required, including New York Main Street Grant funding, Capitalize Albany Corporation lending, City of Albany IDA assistance and other local support as well as other appropriate sources. This stage provides funding support to the rehabilitation projects that were identified and
- [Maximizing Potential](https://capitalizealbany.com/strategies/downtown-residential/downtown-residential-initiative/another/) - The second stage of the downtown residential initiative was understanding existing conditions and the potential re-use of targeted properties identified in the study. To pursue the recommendations of the Downtown Marketing and Leasing Strategy to create additional downtown residential units and to assist with relieving any barriers to development, Capitalize Albany Corporation developed a Residential
- [Downtown Bid](https://capitalizealbany.com/strategies/downtown-residential/downtown-bid/) - content
- [Living Downtown](https://capitalizealbany.com/strategies/downtown-residential/living-downtown/) - Downtown Albany offers residents, visitors and workers an urban setting for whatever interest brings them to Downtown. Many agencies work to keep downtown safe, beautiful and inviting for everyone who spends time in the district. Workers in Downtown Albany have enjoyed the easy access of working here for years. With convenient access to major interstates
- [Development Resources](https://capitalizealbany.com/strategies/downtown-residential/development-resources/)
- [Financing Options](https://capitalizealbany.com/strategies/downtown-residential/financing-options/)
- [Downtown Residential Initiative](https://capitalizealbany.com/strategies/downtown-residential/downtown-residential-initiative/) - The City of Albany began the downtown residential development initiative in 2002 with the purpose of increasing mixed-use development and adding residential units in downtown. This was a strategic recommendation of the City of Albany’s economic development strategy – Capitalize Albany - first released in 1996. The strategy identified downtown diversification as a critical element
- [The Development Committee made a number of recommendations. Top recommendations include:](https://capitalizealbany.com/doing-business/economic-development-strategy/the-development-committee-made-a-number-of-recommendations-top-recommendations-include/) - Establishing a Development Authority to undertake large-scale, strategic development projects in Albany Developing and launching a comprehensive, world-class branding, marketing and advertising campaign to best promote the City of Albany and all its amenities Creating a Strategic Projects Loan Fund through Private and Public Partnerships to assist priority development projects move forward
- [Albany Housing Authority](https://capitalizealbany.com/partners/albany-community-development-agency-acda/albany-housing-authority/) - For over forty years, Albany Housing Authority has been providing rental housing for very low, low, and moderate income households in the city of Albany. The agency owns and operates 1,800 public housing units, administers an ongoing public housing rehabilitation program averaging $2.5 million annually, and administers a Section 8 program that provides assistance on
- [Business Improvement Districts](https://capitalizealbany.com/doing-business/economic-development-strategy/business-improvement-districts/) - Three Business Improvement Districts exist in the City of Albany. BIDs levy a special tax assessment to finance improvements and supplemental services in designated commercial areas. Each BID office maintains a listing of current merchants, as well as available sites within their districts for new businesses. Downtown Albany BID 40 North Pearl Street Albany, NY
- [Tax Credit Programs](https://capitalizealbany.com/doing-business/development-resources/tax-credit-programs/) - Federal Investment Tax Credit Program for Income Producing Properties Owners of income producing real properties listed on the National Register of Historic Places may be eligible for a 20% federal income tax credit for the substantial rehabilitation of historic properties. The final dollar amount is based on the cost of the rehabilitation; in effect, 20%
- [Financing Options](https://capitalizealbany.com/doing-business/financing-options/) - This copy is not used. Please use the child pages.
- [Sitemap](https://capitalizealbany.com/sitemap/) - See our sitemap and navigate CpaitalizeAlbany.com with ease.
- [Archive](https://capitalizealbany.com/news-events/archive/) - See the news and events archive for Capitalize Albany Corporation.
- [Tech Valley](https://capitalizealbany.com/partners/business-improvement-districts/tech-valley/) - Tech Valley is a 19-county region of eastern New York State that spans from just south of Montreal to just north of New York City. The area encompasses the Capital Region and parts of the Adirondacks/North Country, Hudson Valley and Mohawk Valley. Throughout the site, you'll learn more about how the unique resources of each
- [Albany-Rensselaer Port District Commission](https://capitalizealbany.com/partners/business-improvement-districts/albany-rensselaer-port-district-commission/) - The Albany-Rensselaer Port District Commission has power and authority over the survey, development, control and operation of port facilities and operation in order to increase the efficiency of all facilities and the furtherance of commerce and industries in the Port District. The Commission consists of five members, four of which are residents of the city
- [Albany Parking Authority](https://capitalizealbany.com/partners/business-improvement-districts/albany-parking-authority/) - http://www.parkalbany.com/ There are nearly 22,000 parking spaces for visitors and employees in downtown Albany, capital city of the Empire State. The Albany Parking Authority manages more than one-third of the public parking inventory, including on-street meters. The Authority provides leadership in its responsibilities for public parking by: Sustaining economic development for the City of Albany;
- [Chamber of Commerce & Vistors Bureau](https://capitalizealbany.com/chamber-of-commerce-vistors-bureau/)
- [Business Improvement Districts](https://capitalizealbany.com/partners/business-improvement-districts/)
- [City of Albany](https://capitalizealbany.com/partners/albany-community-development-agency-acda/city-of-albany/) - Tour three centuries of architecture, from the newly renovated Million Dollar Staircase in the NYS Capitol to the awe inspiring "Egg" at the Empire State Plaza. Experience the region's tradition of cultural festivals, concerts and special events. Visit our extraordinary museums, theatres and restaurants, and you'll know why you should experience Albany, looks like history,
- [Albany Community Development Agency](https://capitalizealbany.com/partners/albany-community-development-agency-acda/albany-community-development-agency/) - The Division of Community Development is responsible for administering and distributing community development funds received annually from the U.S. Department of Housing and Urban Development, NYS Affordable Housing grants, City of Albany and other resources. The office also plays an active role in consolidated planning for the utilization of CDBG funds. The Office of Housing
- [Additional Material](https://capitalizealbany.com/doing-business/frequently-asked-questions/) - Empire Zone Application and Guidelines (LINK) Summary of Program Benefits (LINK) Frequently Asked Questions (LINK) Currently Available Properties (PDF) If you're not located in one of these zones, you may still qualify as a Regionally Significant Project (PDF)
- [Area Map Details](https://capitalizealbany.com/doing-business/benefits/) - Area 1: Northern Section (PDF) Area 1: Southern Section (PDF) Area 2 & 3 (PDF) Area 4 (PDF)
- [Albany Fact #3](https://capitalizealbany.com/albany-overview/another-albany-statistic/) - Albany, and the Capital Region, boasts some of the finest educational institutions in the United States. A wide array of private and public institutions meets all the educational needs of the area. In addition, there are a variety of skills training programs that can be custom-tailored to meet a company's specific needs. Delivered through a
- [Related Economic Development Links](https://capitalizealbany.com/doing-business/economic-development-strategy/related-economic-development-links/) - Albany-Colonie Chamber of Commerce: www.ac-chamber.org Capital District Community Loan Fund: www.cdclf.org Commercial and Industrial Real Estate Brokers: www.cireb.com New York Business Development Corporation: www.nybdc.com Small Business Development Center: www.nys.sbdc.suny.edu New York Loves Small Business: www.nylovessmallbiz.com
- [Finding a Location](https://capitalizealbany.com/doing-business/economic-development-strategy/finding-a-location/) - In addition to the services of real estate professionals and developers, the following organizations work with businesses to find suitable locations. The location of a business may be one of the most important factors in the success of the enterprise, depending on the product or service it will provide. While these organizations usually coordinate with
- [Business Assistance ](https://capitalizealbany.com/doing-business/economic-development-strategy/business-assistance/) - The Capitalize Albany Corporation offers economic development assistance in the following categories: Business Plan Assistance The Business Plan A business plan describes the new-venture idea and projects the marketing, operational, and financial aspects of the proposed business for the first three to five years. Components of the plan include general company description, plans for product
- [The Education Committee made a number of recommendations.  Top recommendations include:](https://capitalizealbany.com/doing-business/economic-development-strategy/the-education-committee-made-a-number-of-recommendations- -top-recommendations-include/) - Creating a permanent mechanism for business and education leaders to address education issues Encourage more direct partnership programs between Capital Region institutions of higher education and publicly funded schools in the City of Albany, with a special emphasis on the elementary school level, on schools in need of improvement, and the lowest performing K-12 schools
- [The mission of the Education Committee was to: ](https://capitalizealbany.com/doing-business/economic-development-strategy/the-mission-of-the-education-committee-was-to/) - Identify the role that the business community can play in improving the quality and perception of education in the City Examine the role that public education plays in attracting businesses, investors and others to the City, and to explore how the business community can advocate for improvements to public education
- [The Neighborhood Revitalization Committee made a number of recommendations.  Top recommendations include:](https://capitalizealbany.com/doing-business/economic-development-strategy/the-neighborhood-revitalization-committee-made-a-number-of-recommendations- -top-recommendations-include/) - Establishing a land banking program Support existing efforts to create a Strategic Properties Acquisition Fund Target City resources to correct systemic blighting influences found within the City's economically distressed neighborhoods
- [The mission of the Neighborhood Revitalization Committee was to:](https://capitalizealbany.com/doing-business/economic-development-strategy/the-mission-of-the-neighborhood-revitalization-committee-was-to/) - Identify the critical issues, assets and challenges related to Albany's neighborhoods, and develop recommendations for programs, initiatives and partnerships that respond to these critical factors Develop programming to make Albany's neighborhoods regionally competitive in the housing market in terms of value, safety and quality of life
- [The mission of the Development Committee was to: ](https://capitalizealbany.com/doing-business/economic-development-strategy/the-mission-of-the-development-committee-was-to/) - Recommend actions and programs to effectively continue Albany’s revitalization Identify and support projects key to the next phase of the city’s revitalization Identify resources necessary to advance transformational projects
- [Privacy](https://capitalizealbany.com/privacy/) - Privacy Policy Content coming soon
- [Districts](https://capitalizealbany.com/doing-business/districts/)
- [New York State Energy and Development Authority (NYSERDA)](https://capitalizealbany.com/doing-business/financing-options/new-york-state-energy-and-development-authority-nyserda/) - Interest rate reductions are available on loans from participating lenders for energy efficiency improvements and renewable technologies. For more information on all of NYSERDA Loan Funds go to www.nyserda.org or contact a local certified NYSERDA contractor at the Environmental Business Association of New York at (518) 432-6400 or go to www.eba-nys.org.
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- [Albany Community Development Agency (ACDA)](https://capitalizealbany.com/partners/albany-community-development-agency-acda/)
- [Neighborhood Commercial Districts](https://capitalizealbany.com/doing-business/neighborhood-commercial-districts/) - This copy is not used. Please use the child pages.

## Downloads

- [CA_Homepage__2025_Slides_01@1.5x](https://capitalizealbany.com/download/14060/?tmstv=1783807131)
- [Board Meeting Materials 8.27.2024](https://capitalizealbany.com/download/13232/?tmstv=1783807131)
- [3.22.2024 Audit Committee Meeting Notice](https://capitalizealbany.com/download/12729/?tmstv=1783807131)
- [Resolution 10-2023 2024 Budget Adoption](https://capitalizealbany.com/download/12644/?tmstv=1783807131)
- [Pat G. Headshot](https://capitalizealbany.com/download/12573/?tmstv=1783807131)
- [Gov-8-16-2021.pdf](https://capitalizealbany.com/download/10426/?tmstv=1783807131)
- [IDA-Finance-Committee-Agenda-09.11.19.docx](https://capitalizealbany.com/download/8172/?tmstv=1783807131)

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- [400 Jobs](https://capitalizealbany.com/news-events/tag/400-jobs/)
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- [Albany 5K](https://capitalizealbany.com/news-events/tag/albany-5k/)
- [City of Albany Small Business Facade Improvement Program](https://capitalizealbany.com/news-events/tag/city-of-albany-small-business-facade-improvement-program/)
- [563 New Scotland Avenue](https://capitalizealbany.com/news-events/tag/563-new-scotland-avenue/)
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- [Mixed-Use Development](https://capitalizealbany.com/news-events/tag/mixed-use-development/)
- [Back To Business](https://capitalizealbany.com/news-events/tag/back-to-business/)
- [#DowntownWorks](https://capitalizealbany.com/news-events/tag/downtownworks/)