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Renaissance Albany Welcomed To Downtown

October 21, 2015 – 8:57 pm

On October 21 a ribbon cutting ceremony was held and the Renaissance Albany hotel officially opened its doors. Columbia Development’s revitalization of Wellington Row continues to take shape. The hotel formerly known as the DeWitt Clinton was built in 1927 and was named after the former Governor of New York State.  Hotel operations ceased in 1975 […]

Centennial Celebration of SUNY System Administration Building Kicked Off

October 19, 2015 – 5:04 pm

.@SUNY Plaza this AM in #downtownAlbany for the kick off of the SUNY System Admin. Building's centennial celebration pic.twitter.com/aTASPIW6C7 — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) October 19, 2015 State University of New York Chancellor Nancy L. Zimpher joined by Chairman of the Board for Capitalize Albany Corporation, Michael J. Castellana and President Sarah Reginelli, as well as […]

Coming Soon: Steuben Place Apartments at 58 North Pearl Street

October 14, 2015 – 10:28 pm

Space is filling up at the 29-unit Steuben Place Apartments. Construction is in its final stages and the $4.9 million mixed-use residential and retail project is expected to be completed in the coming weeks. Conversion of the six story, 47,300 square foot mixed-use retail and commercial office building into mixed-use retail and residential was made […]

Coming Soon: Completed $10 Million Mixed-Use Residential Conversion of Arcade Building

September 29, 2015 – 1:51 pm

Construction is wrapping up and renovations are expected to be completed within the coming months at 488 Broadway. When completed, it will be the largest project of its kind in downtown Albany to date with 60 market-rate residential units on its upper floors and street level retail space. The $10 million renovation of the 75,000 square foot, five-story […]

Revitalization of Former Philip Livingston School Celebrated

September 24, 2015 – 9:06 pm

With the transformation of the former Philip Livingston Magnet Academy complete, Capitalize Albany Corporation joined WinnCompanies, Albany Mayor Kathy Sheehan, New York State and the Albany Housing Authority in celebrating the formal opening of the Livingston School Apartments. The now completed nearly $30 million project transformed this property, which was vacant for more than three […]

Parking Space at 522-524 Broadway Transformed on PARK(ing) Day 2015

September 18, 2015 – 7:45 pm

As part of the nationally recognized PARK(ing) Day, the team at Capitalize Albany set up a PARK N Play space in support of downtown Albany pop up programming. This space was set up to educate the public about the projects and investments behind the building momentum seen in ‪Albany through fun and play. It was a […]

Building Momentum On State Street To Drive Opportunities For Local Hospitality and Tourism Market

September 14, 2015 – 4:59 pm

Downtown Albany’s boutique 74 State Hotel is currently undergoing a transformation at a very exciting time for downtown. With the coming new addition of the Fairfield Inn & Suites by Marriott, State Street will feature two internationally recognized Marriott hotel brands beginning this fall. This occurs ahead of the Albany Capital Center’s 2017 opening, which is projected to draw more than 85,000 visitors […]

Coming Soon: Downtown Albany Community Market & Grocery

September 1, 2015 – 8:46 pm

Meeting demand of the growing downtown resident population, Steuben Street Market is expecting to open soon on the first floor of Steuben Place Apartments at 58 North Pearl Street. Customers will see items such as bread, fresh and frozen meats, dairy products, prepared food and more. A survey is currently open online at www.steubenstmarket.com, asking residents […]

Groundbreaking Celebrates Beginning Construction of New 277 Room Student Apartment Complex In Albany

August 13, 2015 – 5:36 pm

Aspen at Albany is the new $27.5 million, four-story student apartment complex being built at 1475 Washington Avenue. The 277-room complex is expected to be ready for occupancy by the start of the fall 2016 semester. The development team gathered at the site along with Capitalize Albany Corporation, Albany Mayor Kathy Sheehan and other City officials for […]

New Residential Draws 250 People to Downtown Albany Event

August 10, 2015 – 4:34 pm

With progress driven by the Impact Downtown Albany initiative, downtown Albany is one of the fastest growing neighborhoods in the Capital Region. Combined with Fork in the Road on August 7, the Downtown Albany Business Improvement District hosted a residential open house event featuring eight multi-family properties currently on the market developed through the downtown residential strategy. Each property opened its doors […]