Impact Downtown Albany

REDC Initiative Round V Awards $11.5 Million To Downtown Albany Projects

December 22, 2015 – 8:55 pm

Recognizing this year’s unprecedented investments made, more than $11 million will now directly support the Impact Downtown Albany initiative through several projects, having an incredible impact on our central business and warehouse district’s building momentum. In Round V, Governor Cuomo’s Regional Economic Development Council (REDC) initiative catalyzed $11.5 million worth of investment, funding eight projects that will be taking off in downtown […]

Google Names The City of Albany A 2015 eCity

December 14, 2015 – 7:16 pm

The City of Albany was named one of Google’s 2015 eCity award winners. On Dec. 14 Google recognized Albany as one of the nation’s top cities for small business ingenuity online and as the digital capital of New York State. Representatives from Google were joined by City of Albany Mayor Kathy Sheehan, Congressman Paul Tonko and members […]

Opportunities Brewing In The Warehouse District

December 7, 2015 – 5:45 pm

Impact Downtown Albany is catalyzing change in Albany’s warehouse district. As an ever-expanding vision for the district fuels even more anticipated growth, this eclectic district is already home to a unique nightlife destination, a brewing and a distilling cluster. Four establishments on Broadway came together to form the Albany Craft Beverage Trail. Nine Pin Cider, Albany Distilling Co., C.H. Evans Brewing Co, (at the Albany […]

Capitalize Albany Joins The Conversation on Talk of the Town With Albany Mayor Kathy M. Sheehan | WROW Magic 590-AM

November 18, 2015 – 4:05 pm

On Friday Nov. 13, Capitalize Albany Corporation president Sarah Reginelli joined City of Albany Mayor Kathy M. Sheehan on WROW Magic 590-AM’s Talk of the Town discussing citywide economic development initiatives‬, Impact Downtown Albany and the City of Albany’s building momentum. You can listen to that broadcast below. Are you interested in hearing about more of what’s […]

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 […]

Renaissance Albany Welcomed To Downtown

October 21, 2015 – 8:57 pm

On October 21 a ribbon cutting ceremony was held and the Renaissance Albany hotel officially opened its doors. Columbia Development’s revitalization of Wellington Row continues to take shape. The hotel formerly known as the DeWitt Clinton was built in 1927 and was named after the former Governor of New York State.  Hotel operations ceased in 1975 […]

Centennial Celebration of SUNY System Administration Building Kicked Off

October 19, 2015 – 5:04 pm

.@SUNY Plaza this AM in #downtownAlbany for the kick off of the SUNY System Admin. Building's centennial celebration pic.twitter.com/aTASPIW6C7 — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) October 19, 2015 State University of New York Chancellor Nancy L. Zimpher joined by Chairman of the Board for Capitalize Albany Corporation, Michael J. Castellana and President Sarah Reginelli, as well as […]

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 […]