Downtown Residential

Unveiling of The Lofts at 733 Broadway

November 5, 2015 – 5:22 pm

The City of Albany, Norstar Development, Capitalize Albany Corporation, the City of Albany Industrial Development Agency, and Downtown Albany Business Improvement District (BID) held a grand opening of The Lofts at 733 Broadway on November 5. Albany Mayor Kathy M. Sheehan and Lori Harris, vice president of Norstar Development were joined by City of Albany […]

Steuben Place Apartments Unveiled

October 26, 2015 – 6:19 pm

The City of Albany, Omni Development Company, Inc. (Omni), Capitalize Albany Corporation, the City of Albany Industrial Development Agency, and Downtown Albany Business Improvement District (BID) held a grand opening of the Steuben Place Apartments, located at 40 Steuben Place (58 N Pearl Street), on Monday, October 26, 2015 at 10:30 AM. Albany Mayor Kathy […]

Coming Soon: Steuben Place Apartments at 58 North Pearl Street

October 14, 2015 – 10:28 pm

Space is filling up at the 29-unit Steuben Place Apartments. Construction is in its final stages and the $4.9 million mixed-use residential and retail project is expected to be completed in the coming weeks. Conversion of the six story, 47,300 square foot mixed-use retail and commercial office building into mixed-use retail and residential was made […]

Coming Soon: Completed $10 Million Mixed-Use Residential Conversion of Arcade Building

September 29, 2015 – 1:51 pm

Construction is wrapping up and renovations are expected to be completed within the coming months at 488 Broadway. When completed, it will be the largest project of its kind in downtown Albany to date with 60 market-rate residential units on its upper floors and street level retail space. The $10 million renovation of the 75,000 square foot, five-story […]

Coming Soon: Downtown Albany Community Market & Grocery

September 1, 2015 – 8:46 pm

Meeting demand of the growing downtown resident population, Steuben Street Market is expecting to open soon on the first floor of Steuben Place Apartments at 58 North Pearl Street. Customers will see items such as bread, fresh and frozen meats, dairy products, prepared food and more. A survey is currently open online at www.steubenstmarket.com, asking residents […]

New Residential Draws 250 People to Downtown Albany Event

August 10, 2015 – 4:34 pm

With progress driven by the Impact Downtown Albany initiative, downtown Albany is one of the fastest growing neighborhoods in the Capital Region. Combined with Fork in the Road on August 7, the Downtown Albany Business Improvement District hosted a residential open house event featuring eight multi-family properties currently on the market developed through the downtown residential strategy. Each property opened its doors […]

SOLD: Last Of Downtown Albany Luxury Condominiums

August 6, 2015 – 1:57 pm

On Wednesday, August 5, Capitalize Albany Corporation, Albany Mayor Kathy Sheehan, The Rosenblum Companies, and the Downtown Albany Business Improvement District (BID) celebrated the sale of the last new condominium available at 17 Chapel Boutique Condominiums. This event marked the end of a $9 million, 24-unit project that opened the door for other large-scale residential conversions […]

Capitalize Albany Corporation Backs URI Regional Growth Strategy Releasing Completed Impact Downtown Albany Strategic Plan Documents

July 30, 2015 – 12:59 am

The Capitalize Albany Corporation Board of Directors authorized release of the market-driven, action-oriented strategic plan, Impact Downtown Albany, completed last fall to serve as a business plan and Playbook for downtown Albany development. In consideration of the opportunities that the State’s Upstate Revitalization Initiative competition offers Albany and the entire Capital Region, the Capitalize Albany […]

1852 Vacant Historic Building to Be Restored as Downtown Albany Residential

June 18, 2015 – 8:03 pm

On Thursday, the Albany Industrial Development Agency board approved an application to provide financial assistance to Cass Hill Development Cos. to assist with the redevelopment of a vacant historic and dilapidated property which will be restored into 21 luxury market-rate apartments in downtown Albany. A corner of the 25,368-square-foot building at One Columbia Place collapsed […]

Mixed-Use Apartments Project At 40-48 South Pearl Street Ready To Begin

May 22, 2015 – 2:42 pm

On Thursday, the Albany Industrial Development Agency board approved an application to provide financial assistance for a redevelopment project at 40-48 South Pearl Street in downtown Albany. With the SEQR process already completed, the shovel ready $2.5 million project has made it through the development pipeline and developers Chris Maddalone and Seth Meltzer of Maddalone […]