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Nine Pin Ciderworks Celebrates Completion of Brick Facade Restoration, Advancing Its Ongoing Warehouse District Investment

June 3, 2026 – 10:35 am

Project Restores Appearance Of Historic McKinney Steel Complex Original Brick Industrial Architecture View Announcement Press Release    Nine Pin Ciderworks was joined by Albany Mayor Dr. Dorcey Applyrs and state leaders alongside the City of Albany’s economic development organization Capitalize Albany Corporation to recognize the completion of its latest investment in Nine Pin’s evolving warehouse […]

2026 REDC CFA Process Resources And Local Workshops

June 1, 2026 – 10:33 am

Governor Kathy Hochul has announced the opening of this year’s Regional Economic Development Councils (REDC) Initiative and Consolidated Funding Application (CFA) process. The application portal is now open and Capitalize Albany staff is available to assist local applicants. In addition to the resources below, a series of local workshops to support potential applicants are being […]

Stacks Espresso Bar Expands With Opening of Second Downtown Albany Location, Fifth In The Capital Region 

May 27, 2026 – 5:03 pm

Newly Renovated Space At 90 State Street To Serve As hub For Coffee Enthusiasts, Gathering Spot For Professionals, Residents And visitors Near Capitol.   View Announcement Press Release    Stacks Espresso Bar’s leadership and management team gathered with City of Albany Mayor Dr. Dorcey Applyrs, community leaders, the Downtown Albany Business Improvement District and the […]

$7.4 Million Investment Will Convert Underutilized Parking Adding 37 Multifamily Housing Units At The Kennedy Apartments In Downtown Albany  

May 20, 2026 – 12:11 pm

View Announcement Press Release    $7.38 million will be invested into Redburn Development Partners’ The Kennedy at 45 Columbia Street in downtown to convert underutilized parking areas in the existing mixed-use building into 37 additional apartments. The project will create at least 50 construction jobs and increase the building’s  total multifamily housing units to 59 […]

Coordinated Downtown Projects to Add 120 Multifamily Housing Units and Deliver Premier Class A Office Space at 30 South Pearl Street

May 20, 2026 – 11:50 am

$42.5 Million in New Investment to Support Reactivation of 200,000 square feet of vacant office space through residential reuse and office tenancy   View Announcement Press Release    A $16 million investment by Jankow Companies made possible with City of Albany Industrial Development Agency (IDA) assistance will support a large-scale effort and renovation of 30 […]

More Than 200 Multifamily Apartments Advance Toward Construction In Albany Housing Pipeline 

April 16, 2026 – 4:04 pm

View Announcement Press Release    An $18.6 million project that will renew the site of Albany’s historic Union Station into a mixed-use multifamily residential development, a $4.8 million project to revitalize and convert the vacant building at 135 Ontario Street into a three-story multifamily residential development, and a $26.5 million project which would convert the […]

$2 Million Investment Brings 13 New Market-Rate Apartments To North Albany

April 3, 2026 – 2:33 pm

View Announcement Press Release    Capitalize Albany, local officials and community members joined Guido Development Group to celebrate the ribbon cutting of its recently completed multifamily project in the City of Albany. Located at 33 Center Street, the newly constructed three-story building is home to 13 market-rate apartments and was built on two formerly tax-exempt […]

Grant Writing Workshop Series In Albany Equips Applicants To Compete For Grant Funding

March 20, 2026 – 10:46 am

Knowing how to approach a grant application and clearly frame its key elements can provide a real advantage in a competitive process. This month, we expanded our capacity-building grant writing workshop series with a hands-on session that offered practical tools to help applicants tell their story by breaking down the essential components of a strong […]

Downtown Albany Strategy Fund Application Portal Now Open

March 2, 2026 – 11:58 am

The Downtown Albany Strategy (DAS) fund application portal is now open. The $200 million in Downtown Albany Strategy funding is part of Governor Kathy Hochul’s broader Championing Albany’s Potential (CAP) Initiative. Information about applying for DAS funding through the NYS Consolidated Funding Application and Program guidelines are now available through Empire State Development’s CAP Initiative […]

Capitalize Albany Advances Liberty Park Redevelopment with RFP Addendum Aligned to Downtown Albany Strategy

February 26, 2026 – 11:29 am

  Refinement Opportunity Positions Projects to Leverage up to $40 Million in Dedicated Funding   The City of Albany’s economic development organization, Capitalize Albany Corporation, has released an addendum to master development respondents of its Liberty Park Acquisition and Redevelopment request for proposals (RFP). The addendum, which was prepared in consultation with Empire State Development […]