Impact Downtown Albany

#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 […]

#BuildingAlb2020: Looking Ahead To 2021 With Redburn Development Vice President Elizabeth Young JoJo

December 10, 2020 – 9:55 am

There is so much opportunity on the horizon — an unprecedented level of investment is nearing completion in downtown. The largest project of its kind since the inception of the Downtown Albany Residential Development Initiative in 2002 — Redburn Development is investing more than $80 million into several prominent downtown Albany buildings, creating nearly 300 mixed-income […]

#BuildingAlb2020: Looking Forward To 2021 With Albany Mayor Kathy Sheehan

December 8, 2020 – 9:15 am

Along with its challenges, there are so many success stories that have taken shape over this year. There is so much opportunity on the horizon—downtown’s trajectory is inspiring, and new investment is strengthening neighborhoods across the City. As part of our #BuildingAlb2020 update, we took a look-ahead with Albany Mayor Kathy Sheehan. Looking Forward To […]