The Rise | Pine Hills Apartments, welcomed to #Albany‘s Pine Hills — with building demand its 110 apts. are fully leased — a $16M investment, generating millions in additional revenue for taxing jurisdictions and bringing new neighborhood amenities… https://t.co/diyiw4Xbat pic.twitter.com/JEgsHvEwup — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) October 29, 2021 Reinvesting $16.2 million into the former site of […]
Author Archives: Mike
Back To Business: The Kenmore Ballroom
October 28, 2021 – 3:48 pm
Though she grew up in Massachusetts and California, Katie O’Malley Maloney has long-standing ties to Albany. In 1998 – then just Katie O’Malley – she was crowned the City’s 50th anniversary Tulip Queen, an experience she says taught her how to be a better leader and left her with a sense of responsibility to make […]
Refinancing Of Civic Facility Revenue Bonds Through City Of Albany Capital Resource Corporation To Support Brighter Choice Elementary Charter Schools
October 21, 2021 – 2:57 pm
View announcement’s press release With interest rates currently more favorable, the refinancing of the Brighter Choice Elementary Charter School’s previously issued tax-exempt civic facility revenue bonds will save the college $168,000 annually and allow the school to further reinvest and support the retention of its 54 existing employees. Located at 250 Central Ave., since 2005 […]
$12.1 Million Investment To Strengthen Neighborhood Connectivity
October 21, 2021 – 2:14 pm
New Construction Of 60 Unit Market-Rate Apartment Complex To Create At Least 115 Construction Jobs And Bring $3.2 Million Additional Revenue To Local Taxing Jurisdictions View announcement’s press release A new construction market-rate multi-family residential project located at 25 Holland Ave. near the intersection of Delaware and Holland avenues will transform the 1.2-acre vacant site. […]
Refinancing of Tax-Exempt Revenue Bonds Through City Of Albany Capital Resource Corporation To Support The College of Saint Rose
September 23, 2021 – 3:35 pm
View Announcement Press Release With interest rates currently more favorable, the refinancing of the College of Saint Rose’s previously issued tax-exempt revenue bonds will save the college approximately $950,000 annually and allow the institution to further reinvest and support the retention of its 597 existing employees. The College of Saint Rose has been a part […]
$80 Million Investment At 1415 Washington Avenue To Construct 240-Unit Student Housing Complex
September 23, 2021 – 3:19 pm
Project to generate $85 million economic impact during construction and bring additional $4.2 million to local taxing jurisdictions View Announcement Press Release Supporting Albany’s world-class higher education institutions and complementing recent investment along Washington Avenue this significant $80 million investment will demolish the 2.85-acre site’s vacant hotel and construct a new five-story student housing complex […]
Tell Us About Your Albany: Be A Part Of #1GreatThingALB On Social Media
September 8, 2021 – 12:20 pm
#1GreatThingALB Social Media Campaign It goes without saying that we here at Capitalize Albany (@CapAlbanyCorp) are big fans of this City and all it has to offer. The future of our City is bright and full of opportunity. So many amazing things are happening here, but not all of them get the attention they need […]
DeFazio’s Pizzeria at Albany Distilling Now Open
September 3, 2021 – 1:58 pm
Photo by Kiki Vassilakis DeFazio’s Pizzeria’s new location at Albany Distilling Co., DeFazio’s x ADCo, opened Sept. 3. Located at 75 Livingston Ave., between Broadway and North Pearl Street and theREP’s nearby newly opened space, DeFazio’s is welcomed to ADCo as the evolving district’s latest attraction. Albany Distilling expanded into the space in 2018 following a $1 million renovation supported in […]
Back To Business: Overit
July 14, 2021 – 7:53 am
With the coronavirus pandemic waning and the New York economy fully reopened, businesses are trying to figure out what practices and lessons from the past year to maintain and what to jettison in the so-called new normal. That’s the case with the Albany-based marketing and public relations agency Overit. “One of the positives from the […]
Back To Business: Capital Region Ujamaa Market
April 19, 2021 – 6:38 pm
The concept for the Capital Region Ujamaa Market predated the coronavirus pandemic, but the health crisis and the economic downturn it caused – as well as a national focus on social justice and equity – crystalized the need for an effort to support and showcase local Black-owned businesses, according to the market’s founder, George Lopez, […]
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