Business Development

Nov. 13 | Building For Tomorrow 2019

October 10, 2019 – 11:54 am

An annual event, Building For Tomorrow will be hosted this year at one of Albany’s newest investments, The Knick at 16 Sheridan Avenue. A more than $20 million investment, what was a vacant 112,000 sq. ft. office building is being transformed into 132 market-rate apartments and ground floor commercial space which will feature The Yard […]

Semblance Medspa Adding Clinical Skin Care Services, Health And Wellness Support To Neighborhood Amenities

September 27, 2019 – 1:44 pm

Click Here To View The Announcement’s Press Release Officially welcomed to the City of #Albany this morning, Semblance Medspa is the latest example of a diversifying retail and service mix, and we are excited for the investment Dr. Sajid is making in downtown. https://t.co/nIf5J5S3Fu #CapAlbGrants #ImpactDowntown pic.twitter.com/5FJ2URWsu4 — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) September 27, 2019 The […]

288 Lark Wine & Tap Now Open On Lark Street

September 6, 2019 – 3:30 pm

The new 288 Lark Wine & Tap was officially welcomed to Lark Street on Wednesday with a ribbon cutting ceremony. The wine bar’s menu focuses on pastas and Mediterranean dishes, and features both wine and whiskey chocolate pairings. Ownership purchased the vacant building at 288 Lark Street in 2017 and recently completed renovations. New doors, […]

Transformational Projects Announced For Clinton Square As Part Of $10 Million Downtown Revitalization Initiative Award

July 24, 2019 – 8:37 pm

View the announcement’s press release, click here The City of Albany’s Downtown Revitalization Initiative Plan and Award Booklet can be found here Governor Cuomo announced 12 transformational projects for Albany’s Clinton Square neighborhood as part of the $10 million Downtown Revitalization Initiative (DRI) award. The strategic investments in Clinton Square will enhance the neighborhood’s role […]

‘The Bishop’ At 90 North Pearl Street Readying For Opening

July 15, 2019 – 4:42 pm

The Bishop, a new downtown full service restaurant is planning to open in the coming weeks. Supported in part by the Downtown Albany Retail Grant Program, The Bishop will offer a large array of spirits, common cocktails and craft beer, with a main focus on bourbon. Since its inception the Retail Grant Program has leveraged more than […]

Groundbreaking Marks Important Milestone For Mount Hope Commons Project at 351 Southern Boulevard

July 10, 2019 – 7:01 pm

Joined by Sonic Drive In, Trinity Realty Group broke ground on its Mt. Hope Commons project at 351 Southern Boulevard in Albany — a more than $23 million redevelopment of the 10.5-acre site will create hundreds of jobs, several public infrastructure upgrades, new neighborhood amenities and increased tax revenue. A groundbreaking marked an important milestone […]

Upstate Revitalization Initiative Award Announced To Support Liberty Park Redevelopment, Downtown Poised For Unprecedented Success

May 16, 2019 – 7:55 pm

Today, Governor Cuomo announced more than $22 million in New York State funding to support two transformational projects in Downtown Albany. Empire State Development (ESD) will provide up to $15 million in Upstate Revitalization Initiative funds to Capitalize Albany for the redevelopment of Liberty Park. This funding will support acquisition, demolition, stabilization of property, infrastructure and […]

More City of Albany Small Business Facade Improvement Program Applications To Be Accepted In May

April 25, 2019 – 1:56 pm

Additional City of Albany Small Business Facade Improvement Program applications will be accepted beginning May 7 as part of the program’s 2019 spring funding window. The program can provide matching grants up to $10,000 to small businesses and/or commercial property owners for exterior renovations. The program’s updated application and guidelines will be made available and accepted starting May 7 at www.CapitalizeAlbany.com/grants. The application […]

80 Central Avenue Investment To Support Three Impactful Non-Profits Serving The Capital Region

January 17, 2019 – 7:27 pm

In #Albany, with support from many, 80 Central Avenue is transformed and now the new home and shared space for three non-profits doing incredible work in the greater Capital Region – Northeastern Association of The Blind at Albany, @GirlsIncGCR, LifePath: https://t.co/pzlZD6Bd5f pic.twitter.com/WnrYOYykgO — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) January 17, 2019 On Thursday, Girls Inc. of the […]

Site Work Has Begun, 9W Project To Bring New Development, Streetscape Improvements

December 28, 2018 – 5:48 pm

Mt. Hope Commons site work started in November, the new $10 million project at 351 Southern Boulevard is under way. This investment is expected to create 60 jobs (30 construction and 30 permanent) and provide new neighborhood amenities. A project made possible with support from the City of Albany Industrial Development Agency, portions of this project will […]