Monthly Archives: May 2022

Update: 2022 REDC Round XII CFA Process

May 27, 2022 – 11:45 am

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

May 26, 2022 – 2:13 pm

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

May 25, 2022 – 2:37 pm

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

May 23, 2022 – 9:53 am

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

May 19, 2022 – 2:07 pm

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

May 17, 2022 – 3:58 pm

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

May 12, 2022 – 12:19 pm

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

May 9, 2022 – 2:05 pm

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 […]

#AlbanyIsAllBiz | Welcoming The Vandy Thrift Shoppe To Downtown

May 2, 2022 – 2:56 pm

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 […]