Impact Downtown Albany

Look Up on North Pearl and Pine Streets to Find the Next Apartments in the Growing Downtown Neighborhood

June 16, 2016 – 8:37 pm

View Announcement Press Release   Chris Maddalone and Seth Meltzer of Maddalone & Associates are prepared to renovate 99 Pine Street’s upper floors, bringing approximately 35 new market-rate residential units to the heart of downtown Albany. The renovation and partial conversion will take place on the property’s third, fourth and fifth floors transforming old office […]

Public Art Project Takes Flight at City Gateway

June 6, 2016 – 1:32 pm

The Albany Parking Authority teamed up with Albany Center Gallery and Albany Barn, as well as a number of other downtown Albany organizations to create a monumental mural on the north wall of downtown Albany’s Quackenbush Parking Garage which was completed early June. Complemented by recent investments taking shape, the mural project was a collaborative effort to create a welcoming […]

First Mixed-Use Project in Emergent Warehouse District to Take Shape

May 19, 2016 – 7:19 pm

Now-abandoned 960 Broadway will feature 24 apartments, new commercial space and new restaurant in $6 million renovation View Announcement Press Release   Abar Construction, led by developer Bill Barber will redevelop 960 Broadway in Albany’s warehouse district, revitalizing a property formerly home to the Rodgers Liquor Co., which has been left vacant for two decades. […]

Nipper To Watch Over Proposed $70 Million Mixed-Use Plan For Warehouse District

May 9, 2016 – 8:35 pm

The conversion of the Nipper building (991 Broadway) in Albany’s warehouse district to apartments would be phase one of a four-phase, $70 million development project to include more than 150 additional apartments in a set of newly constructed buildings with retail space and multiple levels of indoor parking. As part of the $15 million phase one, Nipper would sit atop 65-75 residential units, the […]

Corporation Now Accepting Applications For Downtown Albany Retail Grant Program

May 1, 2016 – 8:10 pm

Capitalize Albany is now accepting applications for its Downtown Albany Retail Grant Program. This program can assist businesses interested in establishing a new downtown Albany storefront location and can assist those already existing in core downtown areas with exterior improvements. The Corporation is still accepting applications for its Amplify Albany Grant Program that aims to attract more foot traffic […]

Contracts Signed Following Opening Date Announcement

April 25, 2016 – 8:40 pm

Albany Capital Center officials announced early this month that March 22 will be the opening date of the 82,000 square foot downtown convention center. Five formal commitments have been made, most of which contain multi-year contracts. More than 90 other events are currently in the pipeline at various stages of contract negotiations. Altogether, the five committed events […]

Downtown Albany Under Development

April 11, 2016 – 3:54 pm

Supported and guided by the Impact Downtown Albany strategic plan, everywhere you look something new is taking shape in downtown Albany. Renovations continue at several locations converting old office space into new apartments, Albany Capital Center construction now towers above street level, Wellington Row’s Renaissance Albany is thriving with events and new opportunities have come on the scene for […]

Capitalize Albany Announces Grant Programs to Support Retail Business Growth in Albany

March 23, 2016 – 8:50 pm

Two Programs Aimed at Attracting Retail Tenants and Driving Foot Traffic to Commercial Districts Backed By City of Albany Capital Resource Corporation Capitalize Albany Corporation announced today the launch of two groundbreaking grant programs to benefit the City of Albany’s various commercial districts and its downtown’s retail market. At an informational programs launch event held […]

Announcing Two New Capitalize Albany Grant Programs Backed By City Capital Resource Corporation Designed to Support Albany Business Growth

March 21, 2016 – 8:09 pm

UPDATED POST: Click Here For Full Details On Our Grant Programs   Capitalize Albany Corporation will be hosting an informational event, 11 a.m. on Wednesday at 59 North Pearl Street about the launch of two groundbreaking grant programs. Citywide business owners, other City stakeholders and those interested in doing business in downtown Albany are encouraged […]

Warehouse District Cidery To Expand Operations

March 15, 2016 – 5:23 pm

Following up on Round 5 of Governor Cuomo’s Regional Economic Development Council (REDC) initiative, more than $11 million worth of investments are currently under way in downtown Albany. The funding directly supports the Impact Downtown Albany initiative through several projects, which are having an incredible impact on our central business and warehouse district’s building momentum. The Nine Pin Ciderworks Expansion project was awarded […]