Author Archives: Mike

Redevelopment Project to Bring 400 Jobs as Broadway Warehouse District Corridor Looks to Transform

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

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

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

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 […]

Capitalize Albany Announces the CFA Neighborhood Roundtable Sessions

With the Regional Economic Development Council’s Round 5 consolidated funding application (CFA) process officially under way, the roundtable sessions provide an opportunity for your neighborhood’s business owners, community leaders and residents to come together and discuss how the CFA process can make an impact in your community. Capitalize Albany Corporation will be on site to answer any […]

AEON NEXUS Takes Space at 138 State Street On Wellington Row

Rich Rosen at Columbia Development talks stunning transformation at #138state with Aeon Nexus pic.twitter.com/hYBN0f3iTS — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) May 15, 2015 Historic Wellington Row’s newest tenant, AEON NEXUS Corporation, an IT consulting practice officially opened its new headquarters at 138 State Street in downtown Albany on Friday. The approximately 8,000-square-foot building at 138 State Street was […]

Capitalize Albany President Sarah Reginelli Recognized As Part Of The Albany Business Review Class of 2015 40 Under 40 Winners

A crowd of more than 700 attended the Albany Business Review’s annual ceremony to honor the 2015 40 Under 40 award winners at the downtown Hilton Albany.  For more than 15 years, the Albany Business Review has recognized the Capital Region’s talent through its annual 40 Under 40 awards. These annual awards acknowledge the professionals vital to […]

Capitalize Albany Corporation Expands Staff to Improve Outreach

  We're proud to welcome our newest team members to @CapAlbanyCorp, http://t.co/gyPgKPMvTA via @AlbanyBizReview pic.twitter.com/T28NEiBzCY — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) May 6, 2015 There are three new faces at Capitalize Albany Corporation, a private, non-profit that serves as the economic development arm for the city of Albany, New York. Sabina Mora, senior economic developer; Ashley Lavigne, senior […]

Capitalize Albany Corporation Approves New Financing For Mixed-Use Apartments at 40-48 South Pearl in Downtown

On Tuesday Capitalize Albany Corporation board members approved a $275,000 loan to assist with the $2.5 million redevelopment of 40-48 South Pearl Street as part of the Corporation’s Real Estate Loan Program. Chris Maddalone and Seth Meltzer of Maddalone & Associates plan to transform the 24,000 sq. ft. property, mostly vacant since 2011, into 16 […]

Join Us for an Impact Downtown Open House

Please JOIN US for an Impact Downtown Open House with our consultant team on October 28th from 12pm – 1pm in the City Hall Rotunda.  The summer months have been spent analyzing market data and digesting key stakeholder input.   The team will  be present to discuss the vision for the future and findings from the […]