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$80 Million Investment At 1415 Washington Avenue To Construct 240-Unit Student Housing Complex

September 23, 2021 – 3:19 pm

Project to generate $85 million economic impact during construction and bring additional $4.2 million to local taxing jurisdictions View Announcement Press Release Supporting Albany’s world-class higher education institutions and complementing recent investment along Washington Avenue this significant $80 million investment will demolish the 2.85-acre site’s vacant hotel and construct a new five-story student housing complex […]

Kenmore Ballroom Welcomed To Downtown

September 16, 2021 – 2:51 pm

Read the announcement press release here. An historic event venue, the Rain-Bo Room, is now reimagined. With owners Katie O’Malley Maloney and Nate Maloney, the Kenmore Ballroom was welcomed to downtown Albany today. Recognizing the opening and reimagining of this historic space following Redburn Development’s $36M investment in 76 N. Pearl St., the Kenmore Ballroom […]

DeFazio’s Pizzeria at Albany Distilling Now Open

September 3, 2021 – 1:58 pm

Photo by Kiki Vassilakis  DeFazio’s Pizzeria’s new location at Albany Distilling Co., DeFazio’s x ADCo, opened Sept. 3.  Located at 75 Livingston Ave., between Broadway and North Pearl Street and theREP’s nearby newly opened space, DeFazio’s is welcomed to ADCo as the evolving district’s latest attraction. Albany Distilling expanded into the space in 2018 following a $1 million renovation supported in […]

New $2.35 Million Downtown Residential Construction At 191 North Pearl Street

August 19, 2021 – 5:44 pm

Project to fill vacant lot and enhance connectivity between Downtown, Arbor Hill, Clinton Square and Albany’s Warehouse District Press Release Available Here A new construction multi-family residential project located at 191 North Pearl St. will transform this vacant property, bring new revenue to Albany’s taxing jurisdictions, create at least 150 construction jobs, and add 18 […]

$6.7 Million Investment To Transform Vacant Besch Avenue/Holland Avenue Property And Strengthen Neighborhood Connectivity, Walkability

August 19, 2021 – 5:21 pm

New Construction Of 39 Unit Market-Rate Apartment Complex To Create At Least 260 Construction Jobs And Bring $1.5 Million Additional Revenue To Local Taxing Jurisdictions Press Release Available Here A new construction multi-family residential project located at 42-47 Besch Ave., just off Holland Avenue with frontage on Hackett Boulevard will transform the .67-acre vacant site, […]

Back To Business: Pizzeria Sapienza

August 9, 2021 – 3:30 pm

The lockdowns imposed at the height of the coronavirus pandemic had a silver lining for some eateries that already specialized in delivery – particularly pizza places, as New Yorkers indulged in comfort food cravings and sought a break from home cooking. But not all pizza places were positioned to benefit from this surge. Pizzeria Sapienza, […]

RFP: Construction Management Services For Clinton Market Collective Project

July 28, 2021 – 3:24 pm

Capitalize Albany Corporation is seeking proposals from qualified construction managers to provide construction management services in connection with the construction of an innovative open space with amenities and concessions along Clinton Avenue in Downtown Albany, New York that is expected to go into construction in 2022. Proposals from respondents seeking to bid on and/or self-perform […]

$12 Million In Additional Investment to Revitalize 61 N. Pearl St., 66 State St., Bringing 42 More Apartments to Downtown Albany

July 22, 2021 – 4:48 pm

Redburn Development Expands Downtown Living Options Following Success of Its Initial $80 Million Investment   Press release available here   Furthering Impact Downtown Albany plan implementation Redburn Development Partners is moving forward with two additional historic redevelopment projects in downtown Albany at 61 N. Pearl St. and 66 State St. after experiencing strong demand for […]

After Nearly a Decade of Service, Tracy Metzger Retires From City Industrial Development Agency and Capital Resource Corporation Board of Directors

July 22, 2021 – 3:10 pm

More Than $900 Million In Transformational New Investment Assisted During Her Tenure View Press Release  Longtime City of Albany Industrial Development Agency and Capital Resource Corporation (CAIDA/CRC) Board of Directors member Tracy Metzger announced she will step down from her respective posts effective Aug. 19. Metzger, a respected entrepreneur and commercial real estate broker with […]

$25 Million Mixed-Use Housing Development, Swinburne Building Completed At 526 Central Ave. In Albany

July 21, 2021 – 3:28 pm

Today marked the completion of a $25 million mixed-use housing development at 526 Central Ave. in Albany. The Swinburne Building and Swinburne Apartments offers 74 affordable apartments and nearly 21,000 square feet of commercial space for health services and retail. The development includes 20 supportive homes for individuals with serious mental illness or other special […]