Impact Downtown Albany

#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 […]

#BuildingAlb2020 Kicks Off Today

December 7, 2020 – 7:53 am

The team at Capitalize Albany Corporation is bringing our annual Building For Tomorrow event to you this year – a week-long digital media event starts today.  At Capitalize Albany, we are taking inventory of 2020 while looking ahead with excitement to what 2021 will bring. In spite of the difficulties we have collectively faced over […]

Back To Business: The Hollow Bar + Kitchen

October 28, 2020 – 9:59 am

When Governor Andrew Cuomo ordered a lockdown of all but essential businesses in mid-March in an effort to slow the spread of the coronavirus, many optimistically assumed the pause would be short – maybe a few weeks at most.  Not Dora Philip. “I had a feeling it was larger than we thought – or thought […]

$72,000 Downtown Revitalization Initiative Award to Capital Walls Mural Project Adds Two New Murals on Columbia Street

October 27, 2020 – 3:39 pm

Governor Cuomo’s Downtown Revitalization Initiative (DRI) is strengthening Albany’s Clinton Square neighborhood. Two new murals were unveiled in downtown Albany this morning — enhancing the gateway to the Capital City’s downtown. They’re located at Redburn Development Partners’ 39 and 45 Columbia Street properties where work is underway as part of its $80 million downtown investment. […]

Market-Rate 80-Unit New Construction Residential Project To Rise In Albany’s Clinton Square Neighborhood

October 22, 2020 – 2:09 pm

Press release available here The $22.7 million project will be constructed on the site of a 1.38-acre parcel used as a parking lot at 745 Broadway in the heart of Albany’s Clinton Square neighborhood. Made possible with support from the City of Albany Industrial Development Agency (IDA), this investment is projected to generate $3.2 million […]

Back To Business: Bull Moose Club

October 21, 2020 – 2:29 pm

Tom Nardacci opened Bull Moose Club, a coworking space at 150 State Street, in January 2019, filling a need in the Capital Region and creating more opportunity for flexible office space. The inspiration comes from Nardacci’s experiences when he was building out his first business, Gramercy, which is now one of New York’s leading public […]

Back To Business: The Yard | Hatchet House And Bar

September 16, 2020 – 2:15 pm

Leyla Kiosse thought about The Yard | Hatchet House and Bar for years before a single axe was thrown there.  The mastermind behind downtown Albany’s combination bar and axe throwing/indoor turf establishment had been practicing law for more than a decade when she decided she needed to make a career change. She wanted to do […]

Back To Business: The Fort Orange General Store

August 26, 2020 – 10:56 am

  After watching developments in the coronavirus crisis with growing concern Schuyler Bull, owner of the Fort Orange General Store, made what he called a “heartbreaking decision” and shuttered the downtown Albany shop in mid-March.   “We were putting staff on the line, customers on the line; we didn’t know who was coming in, so I […]

Back To Business: Nine Pin Ciderworks

August 19, 2020 – 12:51 pm

Nine Pin Ciderworks, the state’s first farm cidery, has been able to survive the economic downturn caused by the coronavirus crisis thanks to emergency regulatory changes enacted by Governor Andrew Cuomo, according to the company’s co-founder and manager, Sonya del Peral.   “We were able to pivot because the state opened up new avenues of revenue […]