Impact Downtown Albany

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 […]

#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 […]