The Capital Region Economic Development Council is competing in Governor Cuomo’s 2015 Upstate Revitalization Initiative. The eight counties of New York State’s Capital Region came together and invested in the development of a five-year, focused investment plan for the Capital Region. The Capital 20.20 team’s plan describes in detail the transformative strategies and initiatives we will pursue together as […]
Author Archives: Mike
Upstate Revitalization Initiative: Advancing The Region Through Focused Investment
October 6, 2015 – 8:01 pm
Coming Soon: Completed $10 Million Mixed-Use Residential Conversion of Arcade Building
September 29, 2015 – 1:51 pm
Construction is wrapping up and renovations are expected to be completed within the coming months at 488 Broadway. When completed, it will be the largest project of its kind in downtown Albany to date with 60 market-rate residential units on its upper floors and street level retail space. The $10 million renovation of the 75,000 square foot, five-story […]
Revitalization of Former Philip Livingston School Celebrated
September 24, 2015 – 9:06 pm
With the transformation of the former Philip Livingston Magnet Academy complete, Capitalize Albany Corporation joined WinnCompanies, Albany Mayor Kathy Sheehan, New York State and the Albany Housing Authority in celebrating the formal opening of the Livingston School Apartments. The now completed nearly $30 million project transformed this property, which was vacant for more than three […]
Capitalize Albany Board members Robert Curley and Dr. Robert Jones Recognized by the Albany Business Review
September 22, 2015 – 3:02 pm
Congratulations to Capitalize Albany Board members Robert M. Curley and Dr. Robert Jones, recognized as part of the Albany Business Review’s 2015 Achievers Awards. Robert M. Curley, New York State Chairman of Berkshire Bank was recognized as the Albany Business Review’s Executive of the Year and Dr. Robert Jones, President of the University at Albany received this year’s Game […]
Parking Space at 522-524 Broadway Transformed on PARK(ing) Day 2015
September 18, 2015 – 7:45 pm
As part of the nationally recognized PARK(ing) Day, the team at Capitalize Albany set up a PARK N Play space in support of downtown Albany pop up programming. This space was set up to educate the public about the projects and investments behind the building momentum seen in Albany through fun and play. It was a […]
Building Momentum On State Street To Drive Opportunities For Local Hospitality and Tourism Market
September 14, 2015 – 4:59 pm
Downtown Albany’s boutique 74 State Hotel is currently undergoing a transformation at a very exciting time for downtown. With the coming new addition of the Fairfield Inn & Suites by Marriott, State Street will feature two internationally recognized Marriott hotel brands beginning this fall. This occurs ahead of the Albany Capital Center’s 2017 opening, which is projected to draw more than 85,000 visitors […]
Coming Soon: Downtown Albany Community Market & Grocery
September 1, 2015 – 8:46 pm
Meeting demand of the growing downtown resident population, Steuben Street Market is expecting to open soon on the first floor of Steuben Place Apartments at 58 North Pearl Street. Customers will see items such as bread, fresh and frozen meats, dairy products, prepared food and more. A survey is currently open online at www.steubenstmarket.com, asking residents […]
Groundbreaking Celebrates Beginning Construction of New 277 Room Student Apartment Complex In Albany
August 13, 2015 – 5:36 pm
Aspen at Albany is the new $27.5 million, four-story student apartment complex being built at 1475 Washington Avenue. The 277-room complex is expected to be ready for occupancy by the start of the fall 2016 semester. The development team gathered at the site along with Capitalize Albany Corporation, Albany Mayor Kathy Sheehan and other City officials for […]
New Residential Draws 250 People to Downtown Albany Event
August 10, 2015 – 4:34 pm
With progress driven by the Impact Downtown Albany initiative, downtown Albany is one of the fastest growing neighborhoods in the Capital Region. Combined with Fork in the Road on August 7, the Downtown Albany Business Improvement District hosted a residential open house event featuring eight multi-family properties currently on the market developed through the downtown residential strategy. Each property opened its doors […]
SOLD: Last Of Downtown Albany Luxury Condominiums
August 6, 2015 – 1:57 pm
On Wednesday, August 5, Capitalize Albany Corporation, Albany Mayor Kathy Sheehan, The Rosenblum Companies, and the Downtown Albany Business Improvement District (BID) celebrated the sale of the last new condominium available at 17 Chapel Boutique Condominiums. This event marked the end of a $9 million, 24-unit project that opened the door for other large-scale residential conversions […]
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