Impact Downtown Albany

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 […]

Don’t Make Any Rash Decisions: The Need For The Office Will Still Be There Well Into The Future

March 5, 2021 – 3:15 pm

#DowntownWorks | Don’t Accidentally Put This Advice On Mute Eric Simonds believes in the office.   Amid a wide array of predictions about how the pandemic will change the way we work, Simonds, who has spent nearly two decades in commercial real estate, the last 10 with CBRE-Albany, is convinced that telecommuting 100 percent of […]

Introducing #DowntownWorks Updates

March 5, 2021 – 3:10 pm

The many companies occupying downtown Albany offices, and their talent, are innovative and resilient. As more return to the office, Capitalize Albany Corporation and the Downtown Albany BID are gathering insights from industry experts to support office occupiers in making informed decisions. And in speaking with local businesses we’re also learning more about upcoming plans and […]

Downtown Albany Welcomes More Flexible Workspace As Novel Coworking Opens

March 4, 2021 – 6:55 pm

A ribbon cutting ceremony was held Thursday to officially welcome Novel Coworking to downtown Albany. Recognizing downtown Albany as an investment opportunity Novel Coworking purchased the 17-story building located at 69 State Street on the corner of North Pearl and State Streets in early 2020. The coworking space opened early last month following renovation of […]

Additional $24 Million Investment and 61 Affordable Housing Units Along Clinton Avenue to Further Arbor Hill Revitalization

January 21, 2021 – 3:53 pm

210 Mixed-Income and Affordable Housing Units Are Now Complete And Phase Two Will Include 61 More With 12,000 Sq. Ft. of Commercial Space To Support Sustainable Business Growth   Press release available here   Home Leasing has committed to the revitalization of six additional properties along Clinton Avenue in Albany’s Arbor Hill neighborhood. With support […]

#BuildingAlb2020: How 2020 Will Help Shape A Brighter 2021

December 11, 2020 – 12:24 pm

The end of the year is traditionally a time both for reflection and planning for the future. This year, which brought both unprecedented challenges and unexpected opportunities, this exercise is more important than ever.    At Capitalize Albany, we are taking inventory of 2020 while looking ahead with excitement to what 2021 will bring. In spite […]