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$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, […]

Employment Opportunity: Senior Economic Developer

October 11, 2024 – 3:49 pm

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 […]

$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 […]

New Scotland Spirits Tasting Room Now Open On Lark Street

June 21, 2024 – 1:29 pm

            View this post on Instagram                         A post shared by Capitalize Albany Corporation (@capalbanycorp) Founded in 2016 The company is expanding its reach and furthering its longtime ambition crafting spirits imbued with the taste of New Scotland, NY.  […]

Local Support For 2024 CFA Process: REDC Round XIV

May 17, 2024 – 10:58 am

Governor Kathy Hochul has announced the opening of the Round XIV Regional Economic Development Council Initiative and Consolidated Funding Application (CFA) process. The application portal is now open and Capitalize Albany staff is available to assist applicants located within the City of Albany. Corporation staff will coordinate requests for letters of support from the Mayor and resolutions […]