Monthly Archives: September 2025

Bond Issuance To Support Albany Medical Center Improvements and Expansion of Emergency Department

September 18, 2025 – 4:08 pm

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

September 18, 2025 – 3:25 pm

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 […]

Albany Heat Pump Supplier Takes Space in Former Freihofer Baking Co. Building Ahead of Statewide Shift to All-Electric Construction

September 16, 2025 – 4:56 pm

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 […]