Author Archives: Mike

Community Loan Fund Secures $3.5 million in New Funds for Economic Development in the Capital Region

Community Loan Fund Secures $3.5 million in New Funds for Economic Development in the Capital Region. https://t.co/MiFSlDYOWI pic.twitter.com/VQ2VlYBXqk — Community Loan Fund (@CommunityLoans) February 3, 2017 COMMUNITY LOAN FUND’S ANNOUNCEMENT PRESS RELEASE               In October of 2016, the Community Loan Fund of the Capital Region (CLFCR) was notified that […]

Next Window Lights Up in Albany Arcade Building

Opening its second Albany location in the fall of 2016, Stacks Espresso Bar was the first retailer to take space at the downtown Arcade Building (488 Broadway). A few weeks into 2017, a ribbon cutting ceremony took place on Jan. 18 for Albany Center Gallery’s new location, neighboring Stacks and occupying approximately 2,050 sq. ft. of space.  Implementation of the […]

Quality New Storage Facility Will Serve as Critical Amenity amid Residential Growth in Albany Neighborhoods

VIEW THE ANNOUNCEMENT PRESS RELEASE In recent years more than 300 new apartment units have come online in Albany’s downtown and warehouse district alone as implementation of the Impact Downtown Albany strategic plan continues. There are nearly 500 more residential units in the pipeline for downtown and in the past year more than 100 new […]

Albany Skyway to Improve Waterfront Connectivity

Click Here To View The Announcement Press Release Capitalize Albany Corporation’s Round VI awarded CFA project is the first phase of a multi-phase proposed project that will ultimately result in the conversion of the I-787 northbound exit ramp from Quay Street to Clinton Avenue—into the Region’s first and only highline park—the Albany Skyway. With support […]

Fashion Designer Newest Retailer In Downtown

Daniel Mozzes Design, located at 61 N Pearl Street – Steuben Walk #1, was welcomed to downtown Albany on January 6. One of downtown’s newest retailers, the business is the first to open in one of the Pearl Street Pub building’s (formerly the Jillian’s building) newly renovated spaces. Implementation of the Impact Downtown Albany strategic plan is continuing […]

New Neighborhood Amenity | Save-A-Lot Grocery Opens at 612 Central Avenue

The new Save-A-Lot grocery store at 612 Central Avenue will support approximately 30 new positions, a previously tax exempt property is again generating tax revenue—and residents of surrounding Albany neighborhoods such as the West Hill neighborhood now have walkable access to fresh produce. Capitalize Albany Corporation joined public, community and business leaders including Albany Mayor […]

Capital Resource Corporation Partners with Community Loan Fund on Small Business Assistance | Corporation Grant to Leverage $750,000 for City of Albany Ventures

The City of Albany Capital Resource Corporation (CRC) approved new small business programming in partnership with the Community Loan Fund of the Capital Region at its Thursday board meeting. The City of Albany CRC granted the Community Loan Fund $250,000 for its revolving loan fund under an agreement that dedicates leveraged funds 2 to 1 […]

Nipper to Soon Have Neighbors as Redevelopment of 991 Broadway Converts Space to 75 Residential Units

Click Here to Read More In The Announcement Press Release The mixed-use conversion of the Nipper building (991 Broadway) in Albany’s warehouse district to 75 apartments and 7,750 sq. ft. of ground-floor commercial space is phase one of a planned four-phase, $70 million development project. On Thursday, the City of Albany Industrial Development Agency Board approved an application to […]

City of Albany Projects Receive $5.58 Million from Regional Economic Development Council (REDC) Initiative Round VI

Click Here To View The Announcement Press Release  The New York State Regional Economic Development Council (REDC) initiative awarded City of Albany projects with approximately $5.58 million ($5,587,650) in funding Thursday. Overall, the Capital Region—a top performer—was awarded a total of $83.1 million in funding for 116 projects. Of these 116 projects, 17 directly benefit […]

Albany Capital Center to Open Ahead of Schedule for MAAC Tournament

The Albany Capital Center announced it will have a soft opening March 2 to coincide with the MAAC basketball tournament at the Times Union Center, ahead of its March 22 opening when the Capital Center hosts its first trade group. An event that attracts thousands of fans, NCAA and Division 1 college basketball officials will also get […]