Business Development

CITY OF ALBANY PROJECTS RECEIVE $21.8 MILLION FROM REGIONAL ECONOMIC DEVELOPMENT COUNCIL INITIATIVE ROUND V

December 10, 2015 – 11:11 pm

The Regional Economic Development Council (REDC) initiative awarded City of Albany projects with approximately $21.8 million ($21,841,067) in funding Thursday. Overall, the Capital Region was awarded a total of $98.1 million in funding for 114 projects. Of these 114 projects, 24 directly benefit activities within the City of Albany and will catalyze strategic initiatives and […]

Opportunities Brewing In The Warehouse District

December 7, 2015 – 5:45 pm

Impact Downtown Albany is catalyzing change in Albany’s warehouse district. As an ever-expanding vision for the district fuels even more anticipated growth, this eclectic district is already home to a unique nightlife destination, a brewing and a distilling cluster. Four establishments on Broadway came together to form the Albany Craft Beverage Trail. Nine Pin Cider, Albany Distilling Co., C.H. Evans Brewing Co, (at the Albany […]

Coming Soon: Steuben Place Apartments at 58 North Pearl Street

October 14, 2015 – 10:28 pm

Space is filling up at the 29-unit Steuben Place Apartments. Construction is in its final stages and the $4.9 million mixed-use residential and retail project is expected to be completed in the coming weeks. Conversion of the six story, 47,300 square foot mixed-use retail and commercial office building into mixed-use retail and residential was made […]

Coming Soon: Downtown Albany Community Market & Grocery

September 1, 2015 – 8:46 pm

Meeting demand of the growing downtown resident population, Steuben Street Market is expecting to open soon on the first floor of Steuben Place Apartments at 58 North Pearl Street. Customers will see items such as bread, fresh and frozen meats, dairy products, prepared food and more. A survey is currently open online at www.steubenstmarket.com, asking residents […]

Capitalize Albany Corporation Backs URI Regional Growth Strategy Releasing Completed Impact Downtown Albany Strategic Plan Documents

July 30, 2015 – 12:59 am

The Capitalize Albany Corporation Board of Directors authorized release of the market-driven, action-oriented strategic plan, Impact Downtown Albany, completed last fall to serve as a business plan and Playbook for downtown Albany development. In consideration of the opportunities that the State’s Upstate Revitalization Initiative competition offers Albany and the entire Capital Region, the Capitalize Albany […]

Huck Finn’s Playland Celebrates Opening and Reveals Planned Initiatives to Give Back to The Community This Inaugural Summer

July 2, 2015 – 1:40 pm

Congrats @HucksPlayland best way to open an amusement park? Commemorative train ride @AlbanyCityHall @MCCoyCountyExec pic.twitter.com/Rs6te01N2D — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) July 1, 2015 On Wed. members of the community, Albany Mayor Kathy Sheehan, State and community leaders joined President and CEO Jeff Sperber and Executive Vice President and CFO Reid Sperber to celebrate the formal grand […]

Capitol Melts Grilled Cheese Cafe Takes Space at 136 State Street on Wellington Row

June 30, 2015 – 4:25 pm

Historic Wellington Row’s newest tenant Capitol Melts Grilled Cheese Cafe, the first grilled cheese focused cafe in the City held a ribbon cutting ceremony and formally opened at 136 State Street in downtown Albany on Tuesday after a soft opening earlier this month. As part of Columbia Development’s redevelopment of Albany’s historic Wellington Row, the space was transformed […]

Hospitality Culture Is Focus of Summit as Albany Capital Center and Renaissance By Marriott Set Downtown Albany Opening Dates

June 9, 2015 – 9:41 pm

The new Renaissance by Marriott announced it was set to open in mid-October, complementing the discussion today at the Albany County Convention & Visitors Bureau’s Hospitality Summit on developing a hospitality culture. This conversation occurs ahead of the Albany Capital Center opening which is set for 2017. Capitalize Albany Corporation President Sarah Reginelli discussed the new commercial investments […]

Redevelopment Project to Bring 400 Jobs as Broadway Warehouse District Corridor Looks to Transform

June 3, 2015 – 7:28 pm

On Wednesday, June 3, the City of Albany Industrial Development Agency board approved an application to provide financial assistance for a redevelopment project along the Broadway corridor of Albany’s warehouse district. Norry Management Corp. has a five-year lease with Maximus Inc., a contractor for New York’s health insurance exchange, to fill 92,000 square feet of […]

Druthers Now Brewing on Broadway in Albany

May 27, 2015 – 7:33 pm

On Tuesday, May 26, Druthers Brewing Co. opened the doors to its brand new 18,000 sq. ft. brewery and restaurant at 1053 Broadway in Albany’s warehouse district. This is the second local brewery, bar and restaurant installment for the brand which also has its first established location in Saratoga Springs which opened in 2012. In […]