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 […]
Author Archives: Mike
Groundbreaking Marks Important Milestone For Mount Hope Commons Project at 351 Southern Boulevard
July 10, 2019 – 7:01 pm
Joined by Sonic Drive In, Trinity Realty Group broke ground on its Mt. Hope Commons project at 351 Southern Boulevard in Albany — a more than $23 million redevelopment of the 10.5-acre site will create hundreds of jobs, several public infrastructure upgrades, new neighborhood amenities and increased tax revenue. A groundbreaking marked an important milestone […]
132-Room Hotel As Part of Quackenbush Square Development To Transform 1.67-Acre Former Brownfield Site In Downtown Albany
June 20, 2019 – 8:37 pm
Click here to view the announcement’s press release A new $30.4 million investment will transform a highly visible site along Broadway. As part of Pioneer Companies’ large mixed-use Quackenbush Square development project, a new 132-room hotel will strengthen the connection between downtown Albany, Clinton Square and the warehouse district, support nearby businesses and area attractions. […]
Renewal of Dana Ave Properties To Further Park South Revitalization
June 20, 2019 – 8:24 pm
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
June 20, 2019 – 8:13 pm
Click here to view the announcement’s press release Supported by the City of Albany Industrial Development Agency and by the City of Albany through the Restore New York Communities Initiative, vacant 251 North Pearl Street will be renovated and transformed into the new and permanent home of the Capital Repertory Theatre (theREP). The $9.5 million […]
First Vendors Now Open At New Downtown Albany Food Court
June 19, 2019 – 2:35 pm
The 50 South Eatery’s first vendors have began serving as part of a soft-opening phase of the new downtown Albany food court. Across from the Times Union Center, below 50 South Pearl Street’s 15 market-rate apartments, on the ground-floor 3,475 sq. ft. of space was transformed into seven restaurant stalls with shared dine-in space. The […]
Construction At 52-54 North Pearl Is Under Way
June 14, 2019 – 2:51 pm
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 […]
Upstate Revitalization Initiative Award Announced To Support Liberty Park Redevelopment, Downtown Poised For Unprecedented Success
May 16, 2019 – 7:55 pm
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
May 14, 2019 – 8:21 pm
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 [email protected] 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
May 7, 2019 – 3:40 pm
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 […]
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