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 […]
Author Archives: Mike
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 […]
$5 Million Award To Support Skyway Amenities, Maximizing Usage
May 6, 2019 – 4:03 pm
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
May 3, 2019 – 3:39 pm
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
April 25, 2019 – 1:56 pm
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 […]
Second Phase Of Transformative $78 Million Downtown Albany Project Under Way
April 23, 2019 – 7:05 pm
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 […]
Issuance Of Tax-Exempt Bonds Supports Retention Of More Than 60 Jobs
April 19, 2019 – 6:49 pm
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 […]
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