Downtown Residential

Capitalize Albany Corporation Approves New Financing For Mixed-Use Apartments at 40-48 South Pearl in Downtown

April 29, 2015 – 9:45 pm

On Tuesday Capitalize Albany Corporation board members approved a $275,000 loan to assist with the $2.5 million redevelopment of 40-48 South Pearl Street as part of the Corporation’s Real Estate Loan Program. Chris Maddalone and Seth Meltzer of Maddalone & Associates plan to transform the 24,000 sq. ft. property, mostly vacant since 2011, into 16 […]

488 Broadway Under Construction

April 19, 2014 – 6:43 pm

The Arcade at 488 Broadway project will renovate a previously vacant 75,000 SF retail and commercial office building. The final product will consist of: 68 residential rental units – 28 studios, 40 one-bedrooms 3-10 commercial storefronts – 12,000 SF This project directly implements the Albany 2030, Impact Downtown Albany and Downtown Albany Residential strategies. Its […]

Academy Lofts Grand Opening Slated for Thursday April 17th

April 14, 2014 – 3:50 pm

Join Albany Mayor Kathy Sheehan, Albany Common Council President Carolyn McLaughlin and New York State Assemblyman John McDonald on Thursday April 17th for the grand opening of the Academy Lofts. Even will take place from 5:30 to 7:30 at the Academy Lofts space on 56 Second Street in Albany. RSVP information is below.

Capitalize Albany Corporation to Cut Ribbon at 83 Beaver Street Apartments

July 23, 2013 – 11:50 am

This Thursday, 7/25, at 2pm, Capitalize Albany Corporation alongside of Mayor Jennings and Project Developer Pat Chiou will cut the ribbon at the new Beaver Street Loft Apartments located at 83 Beaver. This event is open to the public and tours of the complex will be given following the event. Full media advisory here.

MAYOR JENNINGS CUTS RIBBON ON NEW LUXURY CONDO PROJECT IN DOWNTOWN ALBANY

May 20, 2010 – 5:04 pm

Mayor Also Announces Enhancements to 485-a Tax Incentive Program Albany, NY – The City of today unveiled a new luxury condominium project in the downtown area. Mayor Jennings was joined by developers Jack and Seth Rosenblum to celebrate the launch of this new project at 17 Chapel Street. The Rosenblums’ project will transform an abandoned […]