Author Archives: Mike

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

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

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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.