Downtown Residential

Redburn Development Partners’ $80 Million Investment Downtown Progresses

October 17, 2019 – 6:21 pm

View the announcement’s press release $12.3 million will be invested into the transformation of 39 and 45 Columbia Street as part of Redburn Development’s more than $80 million total investment into downtown Albany. The $7 million project at 45 Columbia Street will take what is currently a 78,000 sq. ft. vacant parking garage and create […]

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 […]

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 […]

Construction At 52-54 North Pearl Is Under Way

June 14, 2019 – 2:51 pm

Supported in part by the City of Albany Small Business Facade Improvement Program, work is under way at 52-54 North Pearl Street in downtown. Vacant for more than two decades, renovation of the side-by-side, 12,000 sq. ft. buildings will build ground-floor retail space and convert the upper two floors into four apartments. The Facade Improvement Grant […]

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 […]

Second Phase Of Transformative $78 Million Downtown Albany Project Under Way

April 23, 2019 – 7:05 pm

Project Update, May 16: View Press Release The second $34.5 million phase of a transformative $78 million investment in downtown Albany is under way with the mixed-use renovation of the historic Kenmore Hotel building at 76 North Pearl Street. Announced by Governor Cuomo in December — Redburn Development Partners will invest $78 million to renovate […]

Seven New Apartments To Soon Come Online Above Long Standing Coulson’s

January 29, 2019 – 8:03 pm

With Coulson’s News and Deli on its first floor, the renovation of 420 Broadway is transforming the building’s underutilized upper floors into seven one-bedroom market-rate apartments planned to come online this spring.  The project is made possible in part by a grant from New York State Homes and Community Renewal’s (HCR) New York Main Street […]

TRANSFORMATIVE $78 MILLION INVESTMENT ANNOUNCED BY GOVERNOR CUOMO TO TRANSFORM SEVEN PROPERTIES IN THE HEART OF DOWNTOWN ALBANY

December 14, 2018 – 7:51 pm

Located in the City of Albany’s DRI zone, further maximizing the New York State initiative’s impact — with support from Governor Cuomo and Empire State Development, Redburn Development Partners is making a substantial $78 million investment to renovate and rehabilitate seven downtown buildings, a key investment as part of the Impact Downtown Albany strategic plan’s implementation. Poised for […]

Building For Tomorrow 2018

November 28, 2018 – 10:19 pm

Joined by its investors, hundreds of community leaders and stakeholders, Capitalize Albany Corporation hosted its annual event, Building For Tomorrow 2018 on Nov. 27 at Fort Orange Brewing (450 N. Pearl), celebrating an extraordinary year of building momentum in the Capital City. In review of 2018, Capitalize Albany presented on an unprecedented year of investment and […]

International Downtown Association Awards Downtown Albany Residential Development Strategy

November 7, 2018 – 9:34 pm

Click here to view the announcement’s press release During its 64th Annual Conference and Tradeshow in San Antonio, the International Downtown Association recognized Capitalize Albany Corporation and the Downtown Albany Residential Development Infinitive, awarding the strategic plan a certificate of merit. The City began the Downtown Residential Development Initiative in 2002 with the purpose of […]