Impact Downtown Albany

$56 Million Historic Clinton Avenue Apartments Renovation Completed In Arbor Hill Neighborhood

June 3, 2021 – 2:34 pm

70 Row Houses Now Offer 210 Energy-Efficient, Affordable and Supportive Homes for Families  Full Press Release Available Here Announced by Governor Andrew Cuomo, today marked the completion of Home Leasing’s $56 million rehabilitation of 70 distressed row houses along historic Clinton Avenue and Ten Broeck Street in Albany. The Clinton Avenue Historic Apartments now offers […]

#DowntownWorks For Picotte Cos.

May 24, 2021 – 12:28 pm

For evidence of Picotte Cos.’ faith in the resiliency and staying power of Albany, look no further than 111 Washington Ave., located at the edge of downtown and just steps from the heart of the city’s urban core. The company, which is one of the largest owners of private office buildings in the region, invested […]

Regional Economic Development Councils Initiative Round XI CFA Process Now Open

May 11, 2021 – 5:52 pm

Governor Cuomo’s transformative Regional Economic Development Councils Round XI consolidated funding application (CFA) process was announced today, the application portal is now open and Capitalize Albany staff is available to assist applicants. The 2021 funding round includes more than $750 million in state economic development resources.  Round XI core funding includes $225 million in grants and tax credits to fund high value […]

Expansive Is ‘Bullish On The Future Df Downtown Albany’

May 11, 2021 – 10:15 am

#DowntownWorks for the newly rebranded Chicago-based Novel Coworking making its debut in New York at 69 State Street Novel Coworking isn’t Novel anymore. The Chicago-based company, which has 40 locations around the country and opened its first location in New York in downtown Albany this past February, has rebranded as “Expansive.” “It better fits our […]

United Way Is Bringing Coworking To Downtown Albany At The Blake Annex Supporting Nonprofit Community

May 8, 2021 – 2:45 pm

Downtown is welcoming a new coworking space designed specifically to meet the needs of the area’s burgeoning nonprofit community. The United Way of the Greater Capital Region’s Blake Annex is housed in 24,000 square feet on two floors in the former Steuben Club and Kenmore Hotel at 76 N. Pearl St. – landmark historic buildings […]

Downtown Albany Welcomes Its First New York Farm Meadery

April 30, 2021 – 3:02 pm

A former Albany County Land Bank property is now home to downtown Albany’s first New York Farm Meadery, following the building’s purchase and restoration by investors William “Tragedy” Yager and Patrick Chiou. Located at 140 Hamilton Street, The Bull and Bee: Meadery & Tasting Room was welcomed with a ribbon cutting ceremony April 30.  Named […]

#DowntownWorks For Garfunkel Wild

April 27, 2021 – 10:40 am

Working with Carrow Real Estate Services, when it came time to renew their lease at 677 Broadway in downtown Albany, the attorneys at Garfunkel Wild, PC didn’t have to think too hard. “Number one, we love our space here,” said firm partner Jim Dering. “I do believe it’s some of the nicest space in the […]

#DowntownWorks For Key Capture Energy

April 6, 2021 – 12:36 pm

Dan Fitzgerald co-founded the start-up company Key Capture Energy, an independent developer of utility-scale energy battery storage projects, in Houston, Texas in 2016. It was, at the time, a natural fit as Texas has long been known as the nation’s energy capital. But for Fitzgerald, a lifelong New York resident and UAlbany graduate, the idea […]

$17.9 Million Investment To Transform 413 North Pearl St., Bringing 80 Apartments To Albany Warehouse District

March 18, 2021 – 2:01 pm

Following the Success of Its $80 Million Downtown Investment, Redburn Development Focuses on Next Major Development View the announcement’s press release here Redburn Development Partners is moving forward with an historic redevelopment project at 413-25 North Pearl St. after experiencing strong demand for nearly 300 recently completed apartments as part of its $80 million investment […]

Skyway Construction To Begin This Month

March 16, 2021 – 7:05 pm

The Skyway, a concept first introduced in the Corporation’s award-winning 2015 Impact Downtown Albany strategic plan, will begin construction this month and is expected to be open by the end of this year. Governor Andrew Cuomo made the announcement Tuesday.   Celebrating today’s exciting #Skyway news here’s a look back to the earliest project stage as […]