Downtown Residential

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 […]

Opening Of The Knick In Downtown Albany

December 12, 2019 – 2:21 pm

The formerly vacant building at 16 Sheridan Avenue in downtown, which was once home to The Knickerbocker News, has been transformed into “The Knick.” This exciting project features more than 130 apartments, and occupancy is already approaching 75 percent. On the building’s 3,500 sq. ft. first floor, construction is underway and what will soon be home […]

Annual Report | Building For Tomorrow 2019

November 18, 2019 – 9:16 am

Celebrating its 40th anniversary in 2019, Capitalize Albany Corporation has elevated the City of Albany and the Region. It’s executing action-oriented strategies and catalyzing transformation in Albany’s neighborhoods, downtown and commercial districts citywide. To learn more you can read Capitalize Albany Corporation’s 2019 Annual Report, click here or below. Read our 2018 annual report Read […]

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 […]