Impact Downtown Albany

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 […]

‘The Bishop’ At 90 North Pearl Street Readying For Opening

July 15, 2019 – 4:42 pm

The Bishop, a new downtown full service restaurant is planning to open in the coming weeks. Supported in part by the Downtown Albany Retail Grant Program, The Bishop will offer a large array of spirits, common cocktails and craft beer, with a main focus on bourbon. Since its inception the Retail Grant Program has leveraged more than […]

132-Room Hotel As Part of Quackenbush Square Development To Transform 1.67-Acre Former Brownfield Site In Downtown Albany

June 20, 2019 – 8:37 pm

Click here to view the announcement’s press release A new $30.4 million investment will transform a highly visible site along Broadway. As part of Pioneer Companies’ large mixed-use Quackenbush Square development project, a new 132-room hotel will strengthen the connection between downtown Albany, Clinton Square and the warehouse district, support nearby businesses and area attractions. […]

Rehabilitation of Vacant 251 North Pearl Street Supports City of Albany Neighborhood Revitalization

June 20, 2019 – 8:13 pm

Click here to view the announcement’s press release Supported by the City of Albany Industrial Development Agency and by the City of Albany through the Restore New York Communities Initiative, vacant 251 North Pearl Street will be renovated and transformed into the new and permanent home of the Capital Repertory Theatre (theREP). The $9.5 million […]

First Vendors Now Open At New Downtown Albany Food Court

June 19, 2019 – 2:35 pm

The 50 South Eatery’s first vendors have began serving as part of a soft-opening phase of the new downtown Albany food court. Across from the Times Union Center, below 50 South Pearl Street’s 15 market-rate apartments, on the ground-floor 3,475 sq. ft. of space was transformed into seven restaurant stalls with shared dine-in space. The […]

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 […]

$5 Million Award To Support Skyway Amenities, Maximizing Usage

May 6, 2019 – 4:03 pm

In April Governor Cuomo announced $27 million in funding to support transportation enhancements in the Capital Region as part of a $144.6 million statewide investment to enhance access for bicyclists and pedestrians. The Skyway was awarded $5 million.   Governor Cuomo’s previous announcement of $3.1 million of DOT-funding supports decommissioning the ramp and all of […]

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 […]

Downtown Earns A High Score At The End Of March With Support Of The Capital Complex

April 8, 2019 – 7:16 pm

The final weekend in March attracted more than 20,000 people downtown for the lineup of events taking place. Esport teams from 18 colleges headed to the Albany Capital Center for HV Gamer Con on March 30-31, gaming on popular titles and competing for college scholarships. More than 2,500 competitors and Con attendees enjoyed downtown and […]