Downtown Residential

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 […]

#BuildingAlb2020: Looking Forward To 2021 With Albany Mayor Kathy Sheehan

December 8, 2020 – 9:15 am

Along with its challenges, there are so many success stories that have taken shape over this year. There is so much opportunity on the horizon—downtown’s trajectory is inspiring, and new investment is strengthening neighborhoods across the City. As part of our #BuildingAlb2020 update, we took a look-ahead with Albany Mayor Kathy Sheehan. Looking Forward To […]

#BuildingAlb2020 Kicks Off Today

December 7, 2020 – 7:53 am

The team at Capitalize Albany Corporation is bringing our annual Building For Tomorrow event to you this year – a week-long digital media event starts today.  At Capitalize Albany, we are taking inventory of 2020 while looking ahead with excitement to what 2021 will bring. In spite of the difficulties we have collectively faced over […]

11 Clinton Avenue Redesign Effort Kicks Off August 10

July 30, 2020 – 4:37 pm

Learn more at www.ClintonMarketAlbany.com. Capitalize Albany is kicking off “Clinton Market Collective,” a project that will ultimately result in the renovation of the underutilized 0.38-acre parcel at 11 Clinton Avenue (also known as Federal Park) situated between the historic Palace Theatre and the landing of the Skyway project at Broadway in downtown Albany.    Made […]

Support smAlbany | New Resource To Support Albany Businesses In A Fast-Changing Environment Amid COVID-19 Crisis

March 20, 2020 – 3:31 pm

www.SupportsmAlbany.com   In recognition of the significant impact the novel coronavirus (COVID-19) has had – and will continue to have for the foreseeable future – on the local and national economy, a consortium of organizations has joined together to provide a clearinghouse of information and resources to support businesses at this difficult time.This website is […]