Downtown Residential

$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 […]

Central Warehouse Redevelopment Awarded $9.75 Million Through First Round Of The Restore New York Communities Initiative

December 20, 2022 – 3:56 pm

            View this post on Instagram                         A post shared by Capitalize Albany Corporation (@capalbanycorp) Governor Kathy Hochul Announced Today Albany’s $9.75 Million Special Project Award View Announcement Press Release Led through a partnership between development team Redburn Development […]

$3.25 Million New Construction Multifamily Residential Project Completed at 191 North Pearl Street

October 19, 2022 – 4:07 pm

Investment Transforms Vacant Lot, Boosts Revenue to Local Taxing Jurisdictions, Strengthens Neighborhood Connectivity, and Creates 18 New Apartments View Announcement Press Release Here Local officials and community members today joined developers Ron Stein and Pete Tryon and their development team comprised of BSNB, Franco Construction and C2 Design, in cutting the ribbon on the latest […]

Groundbreaking At 745 Broadway, $22.7 Million Mixed-Use Development Set To Strengthen Neighborhood Connectivity

May 26, 2022 – 2:13 pm

The start of construction was celebrated at 745 Broadway in downtown Thursday. Rosenblum Companies’ new $22+ million mixed-use development will strengthen neighborhood connectivity between downtown, Clinton Square and the warehouse district, while also tripling revenue to local taxing jurisdictions anticipated without the new investment. It was unveiled the building’s name will be Industrie.      […]

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 […]

$12 Million In Additional Investment to Revitalize 61 N. Pearl St., 66 State St., Bringing 42 More Apartments to Downtown Albany

July 22, 2021 – 4:48 pm

Redburn Development Expands Downtown Living Options Following Success of Its Initial $80 Million Investment   Press release available here   Furthering Impact Downtown Albany plan implementation Redburn Development Partners is moving forward with two additional historic redevelopment projects in downtown Albany at 61 N. Pearl St. and 66 State St. after experiencing strong demand for […]

After Nearly a Decade of Service, Tracy Metzger Retires From City Industrial Development Agency and Capital Resource Corporation Board of Directors

July 22, 2021 – 3:10 pm

More Than $900 Million In Transformational New Investment Assisted During Her Tenure View Press Release  Longtime City of Albany Industrial Development Agency and Capital Resource Corporation (CAIDA/CRC) Board of Directors member Tracy Metzger announced she will step down from her respective posts effective Aug. 19. Metzger, a respected entrepreneur and commercial real estate broker with […]

Additional $24 Million Investment and 61 Affordable Housing Units Along Clinton Avenue to Further Arbor Hill Revitalization

January 21, 2021 – 3:53 pm

210 Mixed-Income and Affordable Housing Units Are Now Complete And Phase Two Will Include 61 More With 12,000 Sq. Ft. of Commercial Space To Support Sustainable Business Growth   Press release available here   Home Leasing has committed to the revitalization of six additional properties along Clinton Avenue in Albany’s Arbor Hill neighborhood. With support […]

#BuildingAlb2020: How 2020 Will Help Shape A Brighter 2021

December 11, 2020 – 12:24 pm

The end of the year is traditionally a time both for reflection and planning for the future. This year, which brought both unprecedented challenges and unexpected opportunities, this exercise is more important than ever.    At Capitalize Albany, we are taking inventory of 2020 while looking ahead with excitement to what 2021 will bring. In spite […]

#BuildingAlb2020: Looking Ahead To 2021 With Redburn Development Vice President Elizabeth Young JoJo

December 10, 2020 – 9:55 am

There is so much opportunity on the horizon — an unprecedented level of investment is nearing completion in downtown. The largest project of its kind since the inception of the Downtown Albany Residential Development Initiative in 2002 — Redburn Development is investing more than $80 million into several prominent downtown Albany buildings, creating nearly 300 mixed-income […]