The Capitalize Albany Corporation Board of Directors authorized release of the market-driven, action-oriented strategic plan, Impact Downtown Albany, completed last fall to serve as a business plan and Playbook for downtown Albany development. In consideration of the opportunities that the State’s Upstate Revitalization Initiative competition offers Albany and the entire Capital Region, the Capitalize Albany […]
Author Archives: Mike
Capitalize Albany Corporation Backs URI Regional Growth Strategy Releasing Completed Impact Downtown Albany Strategic Plan Documents
July 30, 2015 – 12:59 am
Capitalize Albany Board Vice Chairman Anders Tomson Named COO and President of Chemung Canal Trust Co.
July 9, 2015 – 2:03 pm
Congratulations to Anders Tomson, Vice Chairman of Capitalize Albany Corporation’s Board of Directors, named as Chief Operating Officer and President of Chemung Canal Trust Co. Chemung Canal, based in Elmira, New York, is the parent of Capital Bank. That company acquired Capital Bank in 2011. The bank said Tomson will continue to serve as division president […]
Huck Finn’s Playland Celebrates Opening and Reveals Planned Initiatives to Give Back to The Community This Inaugural Summer
July 2, 2015 – 1:40 pm
Congrats @HucksPlayland best way to open an amusement park? Commemorative train ride @AlbanyCityHall @MCCoyCountyExec pic.twitter.com/Rs6te01N2D — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) July 1, 2015 On Wed. members of the community, Albany Mayor Kathy Sheehan, State and community leaders joined President and CEO Jeff Sperber and Executive Vice President and CFO Reid Sperber to celebrate the formal grand […]
Capitol Melts Grilled Cheese Cafe Takes Space at 136 State Street on Wellington Row
June 30, 2015 – 4:25 pm
Historic Wellington Row’s newest tenant Capitol Melts Grilled Cheese Cafe, the first grilled cheese focused cafe in the City held a ribbon cutting ceremony and formally opened at 136 State Street in downtown Albany on Tuesday after a soft opening earlier this month. As part of Columbia Development’s redevelopment of Albany’s historic Wellington Row, the space was transformed […]
1852 Vacant Historic Building to Be Restored as Downtown Albany Residential
June 18, 2015 – 8:03 pm
On Thursday, the Albany Industrial Development Agency board approved an application to provide financial assistance to Cass Hill Development Cos. to assist with the redevelopment of a vacant historic and dilapidated property which will be restored into 21 luxury market-rate apartments in downtown Albany. A corner of the 25,368-square-foot building at One Columbia Place collapsed […]
Hospitality Culture Is Focus of Summit as Albany Capital Center and Renaissance By Marriott Set Downtown Albany Opening Dates
June 9, 2015 – 9:41 pm
The new Renaissance by Marriott announced it was set to open in mid-October, complementing the discussion today at the Albany County Convention & Visitors Bureau’s Hospitality Summit on developing a hospitality culture. This conversation occurs ahead of the Albany Capital Center opening which is set for 2017. Capitalize Albany Corporation President Sarah Reginelli discussed the new commercial investments […]
Redevelopment Project to Bring 400 Jobs as Broadway Warehouse District Corridor Looks to Transform
June 3, 2015 – 7:28 pm
On Wednesday, June 3, the City of Albany Industrial Development Agency board approved an application to provide financial assistance for a redevelopment project along the Broadway corridor of Albany’s warehouse district. Norry Management Corp. has a five-year lease with Maximus Inc., a contractor for New York’s health insurance exchange, to fill 92,000 square feet of […]
Druthers Now Brewing on Broadway in Albany
May 27, 2015 – 7:33 pm
On Tuesday, May 26, Druthers Brewing Co. opened the doors to its brand new 18,000 sq. ft. brewery and restaurant at 1053 Broadway in Albany’s warehouse district. This is the second local brewery, bar and restaurant installment for the brand which also has its first established location in Saratoga Springs which opened in 2012. In […]
Trending: Walkable Cities
May 22, 2015 – 8:39 pm
Forget driving to the suburbs for food. By 2030, the places downtown residents need to get to on a regular basis will be within walking distance. Downtowns will have more grocery stores, coffee bars and lunch counters for people who live or work in the city, unlike now, when there are no grocery stores. Sarah Reginelli, president […]
Mixed-Use Apartments Project At 40-48 South Pearl Street Ready To Begin
May 22, 2015 – 2:42 pm
On Thursday, the Albany Industrial Development Agency board approved an application to provide financial assistance for a redevelopment project at 40-48 South Pearl Street in downtown Albany. With the SEQR process already completed, the shovel ready $2.5 million project has made it through the development pipeline and developers Chris Maddalone and Seth Meltzer of Maddalone […]
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