Featured Topics

Quality New Storage Facility Will Serve as Critical Amenity amid Residential Growth in Albany Neighborhoods

January 26, 2017 – 2:35 pm

VIEW THE ANNOUNCEMENT PRESS RELEASE In recent years more than 300 new apartment units have come online in Albany’s downtown and warehouse district alone as implementation of the Impact Downtown Albany strategic plan continues. There are nearly 500 more residential units in the pipeline for downtown and in the past year more than 100 new […]

Albany Skyway to Improve Waterfront Connectivity

January 17, 2017 – 3:01 pm

Click Here To View The Announcement Press Release Capitalize Albany Corporation’s Round VI awarded CFA project is the first phase of a multi-phase proposed project that will ultimately result in the conversion of the I-787 northbound exit ramp from Quay Street to Clinton Avenue—into the Region’s first and only highline park—the Albany Skyway. With support […]

Fashion Designer Newest Retailer In Downtown

January 6, 2017 – 9:39 pm

Daniel Mozzes Design, located at 61 N Pearl Street – Steuben Walk #1, was welcomed to downtown Albany on January 6. One of downtown’s newest retailers, the business is the first to open in one of the Pearl Street Pub building’s (formerly the Jillian’s building) newly renovated spaces. Implementation of the Impact Downtown Albany strategic plan is continuing […]

New Neighborhood Amenity | Save-A-Lot Grocery Opens at 612 Central Avenue

December 16, 2016 – 10:24 pm

The new Save-A-Lot grocery store at 612 Central Avenue will support approximately 30 new positions, a previously tax exempt property is again generating tax revenue—and residents of surrounding Albany neighborhoods such as the West Hill neighborhood now have walkable access to fresh produce. Capitalize Albany Corporation joined public, community and business leaders including Albany Mayor […]

Capital Resource Corporation Partners with Community Loan Fund on Small Business Assistance | Corporation Grant to Leverage $750,000 for City of Albany Ventures

December 15, 2016 – 9:59 pm

The City of Albany Capital Resource Corporation (CRC) approved new small business programming in partnership with the Community Loan Fund of the Capital Region at its Thursday board meeting. The City of Albany CRC granted the Community Loan Fund $250,000 for its revolving loan fund under an agreement that dedicates leveraged funds 2 to 1 […]

Nipper to Soon Have Neighbors as Redevelopment of 991 Broadway Converts Space to 75 Residential Units

December 15, 2016 – 7:41 pm

Click Here to Read More In The Announcement Press Release The mixed-use conversion of the Nipper building (991 Broadway) in Albany’s warehouse district to 75 apartments and 7,750 sq. ft. of ground-floor commercial space is phase one of a planned four-phase, $70 million development project. On Thursday, the City of Albany Industrial Development Agency Board approved an application to […]

Albany Capital Center to Open Ahead of Schedule for MAAC Tournament

December 5, 2016 – 3:41 pm

The Albany Capital Center announced it will have a soft opening March 2 to coincide with the MAAC basketball tournament at the Times Union Center, ahead of its March 22 opening when the Capital Center hosts its first trade group. An event that attracts thousands of fans, NCAA and Division 1 college basketball officials will also get […]

City of Albany IDA Assistance Supports Thurlow Terrace Apartments Renovation and Affordable Housing Status Extension

November 17, 2016 – 9:30 pm

Click Here to View The Announcement Press Release With assistance provided by the City of Albany Industrial Development Agency, a new owner will renovate the existing 136 units of section 8 affordable housing located at 2 Thurlow Terrace in Albany’s Washington Park neighborhood. The assistance also offsets costs, allowing Capital District Apartments, LLC to continue […]

Building For Tomorrow 2016

November 16, 2016 – 9:58 pm

Joined by its investors, hundreds of community leaders and stakeholders, Capitalize Albany Corporation hosted its annual event, Building For Tomorrow 2016 on Nov. 15, 2016 at the Hilton Garden Inn at Albany Medical Center, celebrating an extraordinary year of building momentum in the Capital City. In review of 2016, Capitalize Albany presented on an unprecedented year […]

RSVP: Building For Tomorrow 2016

November 15, 2016 – 12:00 am

Click Here to Register Join the Capitalize Albany Corporation board of directors and staff to celebrate this year’s citywide economic development accomplishments. Before and after the program, attendees will have the unique opportunity to network with staff, the board members, elected officials, staff and Capitalize Albany’s investor base all in one place. Location Hilton Garden […]