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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. […]

#DowntownWorks For The Blake Annex

October 11, 2021 – 12:46 pm

Coworking spaces – like so many businesses – had a scare at the start of the coronavirus pandemic when all but essential industries were shuttered for a time in an effort to curb the spread of COVID-19. But the founders of The Blake Annex, which occupies 25,000 square feet of space in the Kenmore Building […]

$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 […]

Kenmore Ballroom Welcomed To Downtown

September 16, 2021 – 2:51 pm

Read the announcement press release here. An historic event venue, the Rain-Bo Room, is now reimagined. With owners Katie O’Malley Maloney and Nate Maloney, the Kenmore Ballroom was welcomed to downtown Albany today. Recognizing the opening and reimagining of this historic space following Redburn Development’s $36M investment in 76 N. Pearl St., the Kenmore Ballroom […]

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 […]

#DowntownWorks For Sidebar, Coming Soon

August 24, 2021 – 9:18 am

Mike Lynch has eaten and cooked his way around the world – including a period at Nicole’s Bistro when it was located in downtown Albany’s Quackenbush Square. Along the way he became a certified sommelier and owned two restaurants in South Florida. But through it all – over a period of two decades, he says […]

New $2.35 Million Downtown Residential Construction At 191 North Pearl Street

August 19, 2021 – 5:44 pm

Project to fill vacant lot and enhance connectivity between Downtown, Arbor Hill, Clinton Square and Albany’s Warehouse District Press Release Available Here A new construction multi-family residential project located at 191 North Pearl St. will transform this vacant property, bring new revenue to Albany’s taxing jurisdictions, create at least 150 construction jobs, and add 18 […]

$6.7 Million Investment To Transform Vacant Besch Avenue/Holland Avenue Property And Strengthen Neighborhood Connectivity, Walkability

August 19, 2021 – 5:21 pm

New Construction Of 39 Unit Market-Rate Apartment Complex To Create At Least 260 Construction Jobs And Bring $1.5 Million Additional Revenue To Local Taxing Jurisdictions Press Release Available Here A new construction multi-family residential project located at 42-47 Besch Ave., just off Holland Avenue with frontage on Hackett Boulevard will transform the .67-acre vacant site, […]

Back To Business: Pizzeria Sapienza

August 9, 2021 – 3:30 pm

The lockdowns imposed at the height of the coronavirus pandemic had a silver lining for some eateries that already specialized in delivery – particularly pizza places, as New Yorkers indulged in comfort food cravings and sought a break from home cooking. But not all pizza places were positioned to benefit from this surge. Pizzeria Sapienza, […]