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$4.3 Million Investment Transforms Vacant Albany Office Building into Academy Place Apartments

March 14, 2025 – 4:32 pm

28,000 Sq. Ft. Commercial Office Building Converted into 25 Market-Rate Multifamily Apartment Units Supporting More Than 40 Construction Jobs View Announcement Press Release Local officials and community members today joined the Manfredi Property Group in cutting the ribbon on the latest completed multifamily residential project in the City of Albany. Located near some of the […]

South End Children’s Cafe Opens New Expanded Location to Serve More Albany Families

March 6, 2025 – 10:32 am

  View Announcement Press Release  Relocation Triples Program Capacity and Supports Additional Enrichment Services through Generous Support of Public and Private Donors The South End Children’s Cafe, a community resource dedicated to addressing food insecurity, equity and justice and supporting local children and families, today recognized the opening of its newly expanded location at 33 […]

Employment Opportunity: Senior Economic Developer

January 14, 2025 – 9:30 am

Capitalize Albany Corporation is seeking a highly-motivated, professional and experienced candidate for Senior Economic Developer. This is a fast-paced position responsible for managing the administration of business development programs, including the Corporation’s attraction and retention efforts, grant programs and strategic revitalization initiatives. The Senior Economic Developer also assists with project development and financing, including assistance […]

$29.4 Million Investment To Construct Mixed-Use Affordable Housing Development In Clinton Square Neighborhood

November 21, 2024 – 3:10 pm

Project Will Create At Least 52 Jobs, Bring Dedicated Affordable Artist Housing To Downtown View Announcement Press Release  A $29.4 million investment will bring a new construction mixed-use 67-unit affordable housing development to 794 Broadway in Albany’s Clinton Square neighborhood. Made possible with City of Albany Industrial Development Agency (IDA) support, the project is estimated […]

$1.9 Million Investment To Construct 12 New Market-Rate Residential Apartments In Albany

October 23, 2024 – 10:22 am

Project Will Create At Least 50 Jobs, Bring Newly Constructed Apartment Building To Currently Tax-Exempt Land Parcels View Press Release A $1.9 million investment will bring a new construction 12-unit market-rate apartment building to two currently tax-exempt land parcels located at 1233-1235 Broadway in North Albany. The project will bring the land on to tax-rolls, […]

$22 Million Station 25 Affordable Housing Development Completed On Delaware Avenue  

September 17, 2024 – 3:47 pm

Announced by Governor Kathy Hochul, the $22.2 million five-story Station 25 affordable housing development — which involved repurposing a former fire alarm station at 25 Delaware Ave. is now complete. A ribbon cutting celebration was held with developer Conifer Realty.                 View this post on Instagram     […]

Viva Empanadas Opens In Downtown Albany, Expands Into Downtown Albany Restaurant Landscape

August 27, 2024 – 12:08 pm

Newest Restaurant With focus On Authentic Latin Cuisine Takes Part In Downtown Revitalization View Announcement Press Release   View this post on Instagram A post shared by Capitalize Albany Corporation (@capalbanycorp) The no-longer vacant storefront at the corner of North Pearl Street and Sheridan Avenue located at 90 North Pearl Street is now home to […]

$30.6 Million Investment To Construct Colvin Avenue Mixed-Income Affordable Housing Development That Will Feature Supportive Services And A Child Daycare Facility

August 22, 2024 – 11:43 am

View Announcement Press Release   A $30.6 million investment is set to bring a 63-unit affordable housing development supporting households that have a range of mixed-incomes to 60 Colvin Avenue in Albany. The project will generate additional revenue to local taxing jurisdictions and is estimated to create at least 12 permanent and 60 construction jobs. […]

Key City Gateway Reimagined In Downtown Albany With Completion Of Clinton Market Collective Construction

August 1, 2024 – 12:21 pm

Learn More About Clinton Market Collective Here View The Announcement Press Release Here     Capitalize Albany Corporation and Clinton Market Collective project partners recognized the reimagined destination’s completion of construction today marking the grand opening of Clinton Market Collective.   The site is bordered by Clinton Avenue on the south, Broadway on the east, North […]

Call For Vendor Interest: Clinton Market Collective Customizable Shipping Containers Arrive For Installation

July 12, 2024 – 11:48 am

Clinton Market Collective construction is nearly completed, and the site’s custom vendor shipping containers arrived Thursday for installation. The two containers on site will provide semi-permanent business locations where local entrepreneurs and small businesses can operate throughout the year. Additional updates are forthcoming as the park’s reimagining nears completion. If you’re a small business owner […]