Featured Topics

$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 […]

Employment Opportunity: Program Assistant

July 27, 2021 – 11:20 am

Capitalize Albany Corporation is seeking a highly-motivated and organized candidate for Program Assistant. The Corporation, a non-profit and local public authority charged with economic development in the Capital City, operates in a fast-paced, dynamic environment that has broad and lasting positive impact on the City and Region. An integral responsibility of the position is to […]

$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 […]

Fashion Designer Opens Gallery In Downtown Albany

July 15, 2021 – 2:55 pm

Downtown’s latest addition – Etrice Gallery – a space dedicated to highlighting local artists across mediums, was officially welcomed, and opened in downtown today. Made possible with support from the Downtown Albany Retail Grant Program, Etrice Gallery is in the newest storefront to open as part of Redburn Development Partners’ more than $80 million investment […]

Back To Business: Overit

July 14, 2021 – 7:53 am

With the coronavirus pandemic waning and the New York economy fully reopened, businesses are trying to figure out what practices and lessons from the past year to maintain and what to jettison in the so-called new normal. That’s the case with the Albany-based marketing and public relations agency Overit. “One of the positives from the […]

Back To Business: Brick House Insurance

July 6, 2021 – 11:09 am

When Andrew and Mckenzie Pope conceptualized Brick House Insurance just over a year and a half ago, they pictured a place where new customers might drop by to discuss policies, existing customers could come in to pay bills and in-person meetings to drum up new business would be standard practice. They found what they thought […]