Featured Topics

$46.3 Million Investment To Construct Affordable Housing Development That Will Support Veterans And Seniors At Risk Of Homelessness

April 18, 2024 – 12:13 pm

Project Will Create At Least 100 Construction Jobs, Bring 120 Additional Units of Affordable Housing Online In Albany View Announcement Press Release A $46.3 million investment is set to bring a 120-unit affordable housing development supporting seniors and veterans to 64 Colvin Avenue in Albany. The project will generate additional revenue to the local taxing […]

$10.5 Million Investment To Bring Nearly 100,000 Sq. Ft. Of Additional New Warehouse Space Online In Albany

April 18, 2024 – 11:47 am

Flexible Distribution Warehouse Facility To Be Constructed On Final Corporate Circle Industrial Park Vacant Lot Supporting At Least 48 Construction Jobs View Announcement Press Release  A 93,000 sq. ft. warehouse/distribution facility will be constructed at 48 Corporate Circle on the last vacant lot within the industrial park. The flexible distribution facility’s design will allow it […]

RFP: Commercial Brokerage Services

April 17, 2024 – 4:05 pm

Capitalize Albany Corporation is seeking proposals from licensed commercial real estate brokerage firms to establish a contract for Commercial Real Estate Brokerage Services for an initial period of one year which the term of may be extended by the Corporation. The successful respondent will be retained to represent the Corporation in the marketing and sale […]

$15 Million 36 Hackett Boulevard New Construction Multifamily Apartments Completed Strengthening Neighborhood Connectivity, Walkability

April 11, 2024 – 2:34 pm

View Announcement Press Release Construction Of 42 Unit Market-Rate Apartment Complex To Generate $1.4 Million Additional Revenue To Local Taxing Jurisdictions             View this post on Instagram                         A post shared by Capitalize Albany Corporation (@capalbanycorp) Local officials and […]

Employment Opportunity: Executive Assistant

March 19, 2024 – 5:39 pm

Capitalize Albany Corporation is seeking a highly-motivated and organized candidate for Executive Assistant. The Corporation, a non-profit and local public authority charged with economic development in the Capital City, operates in a fast-paced, dynamic environment that has broad and lasting positive impact on the City and Region. The successful candidate must be well organized, detail-oriented, […]

First Year In Business Celebrated At Emack & Bolio’s After Transfer Of Ownership

January 19, 2024 – 11:14 am

From Nurse to Ice Cream Shop Owner — A Successful First Year With a refreshed look and feel, Interior Renovations, Menu Additions Rewinding back several years, Orah LeHockey was working locally as a nurse full-time. Things changed as her parents who owned New World Bistro Bar at the time which was located on Delaware, were […]

$80 Million Investment To Renew Site Of Vacant Red Carpet Inn Into Affordable Housing Development

January 18, 2024 – 9:50 am

Northgate Landing development to create 200 construction jobs, bring 185 additional units of quality affordable housing to Albany Press Release   Replacing the underutilized and vacant Red Carpet Inn, an $80.9 million investment will bring a 185-unit affordable housing development to 500 Northern Boulevard nearby the northern edge of Arbor Hill and surrounding neighborhoods. The […]

Employment Opportunity: Director of Operations and Finance

December 21, 2023 – 3:41 pm

Capitalize Albany Corporation is seeking a highly-motivated and organized individual to join the team as the Director of Operations and Finance. The Corporation is charged with local economic development in a fast-paced, dynamic environment, and has broad and lasting positive impact on NY’s Capital City and Region. This key role contributes to Capitalize Albany’s overall […]

Building For Tomorrow 2023

November 30, 2023 – 2:39 pm

RSVP | Building For Tomorrow 2023 Capitalize Albany has an ambitious agenda ahead for 2024 with unprecedented opportunities on the horizon for Albany and the Capital Region. An annual event, Building For Tomorrow will be hosted this year at the Albany Black Chamber of Commerce & Social Club.  Enjoy networking, refreshments, an exciting panel discussion, […]

$4.3 Million Investment to Transform Vacant Office Building into Newly Renovated Multifamily Apartments

November 16, 2023 – 11:45 am

Announcement Press Release 28,000 Sq. Ft. Commercial Office Building to be Converted into Multifamily Apartment Units Supporting More Than 40 Construction Jobs A 28,000 sq. ft. commercial office building will be converted into 25 market rate apartments at 102 Hackett Boulevard between Marwill Street and St. James Place. In 2021, the building became partially vacant […]