Real Estate Development

Stacks Espresso Bar Expands With Opening of Second Downtown Albany Location, Fifth In The Capital Region 

May 27, 2026 – 5:03 pm

Newly Renovated Space At 90 State Street To Serve As hub For Coffee Enthusiasts, Gathering Spot For Professionals, Residents And visitors Near Capitol.   View Announcement Press Release    Stacks Espresso Bar’s leadership and management team gathered with City of Albany Mayor Dr. Dorcey Applyrs, community leaders, the Downtown Albany Business Improvement District and the […]

$7.4 Million Investment Will Convert Underutilized Parking Adding 37 Multifamily Housing Units At The Kennedy Apartments In Downtown Albany  

May 20, 2026 – 12:11 pm

View Announcement Press Release    $7.38 million will be invested into Redburn Development Partners’ The Kennedy at 45 Columbia Street in downtown to convert underutilized parking areas in the existing mixed-use building into 37 additional apartments. The project will create at least 50 construction jobs and increase the building’s  total multifamily housing units to 59 […]

Coordinated Downtown Projects to Add 120 Multifamily Housing Units and Deliver Premier Class A Office Space at 30 South Pearl Street

May 20, 2026 – 11:50 am

$42.5 Million in New Investment to Support Reactivation of 200,000 square feet of vacant office space through residential reuse and office tenancy   View Announcement Press Release    A $16 million investment by Jankow Companies made possible with City of Albany Industrial Development Agency (IDA) assistance will support a large-scale effort and renovation of 30 […]

More Than 200 Multifamily Apartments Advance Toward Construction In Albany Housing Pipeline 

April 16, 2026 – 4:04 pm

View Announcement Press Release    An $18.6 million project that will renew the site of Albany’s historic Union Station into a mixed-use multifamily residential development, a $4.8 million project to revitalize and convert the vacant building at 135 Ontario Street into a three-story multifamily residential development, and a $26.5 million project which would convert the […]

$2 Million Investment Brings 13 New Market-Rate Apartments To North Albany

April 3, 2026 – 2:33 pm

View Announcement Press Release    Capitalize Albany, local officials and community members joined Guido Development Group to celebrate the ribbon cutting of its recently completed multifamily project in the City of Albany. Located at 33 Center Street, the newly constructed three-story building is home to 13 market-rate apartments and was built on two formerly tax-exempt […]

Downtown Albany Strategy Fund Application Portal Now Open

March 2, 2026 – 11:58 am

The Downtown Albany Strategy (DAS) fund application portal is now open. The $200 million in Downtown Albany Strategy funding is part of Governor Kathy Hochul’s broader Championing Albany’s Potential (CAP) Initiative. Information about applying for DAS funding through the NYS Consolidated Funding Application and Program guidelines are now available through Empire State Development’s CAP Initiative […]

Capitalize Albany Advances Liberty Park Redevelopment with RFP Addendum Aligned to Downtown Albany Strategy

February 26, 2026 – 11:29 am

  Refinement Opportunity Positions Projects to Leverage up to $40 Million in Dedicated Funding   The City of Albany’s economic development organization, Capitalize Albany Corporation, has released an addendum to master development respondents of its Liberty Park Acquisition and Redevelopment request for proposals (RFP). The addendum, which was prepared in consultation with Empire State Development […]

Refinancing of Tax-Exempt and Taxable Bonds Through City of Albany Capital Resource Corporation to Support Avila Retirement Community Improvements and Long-Term Sustainability

February 25, 2026 – 3:57 pm

View Announcement Press Release    Financing made possible with the issuance of up to $30 million in tax-exempt and taxable bonds will support the Avila Retirement Community, allowing for the refinancing of existing debt and funding of capital improvements to the retirement community’s independent living campus located at 100 White Pine Drive in Albany.   […]

Albany Center Gallery Opens New and Expanded North Pearl Street Location

January 21, 2026 – 3:25 pm

Community residents gathered at 48 North Pearl Street to tour Albany Center Gallery’s new and expanded home and experience the 21st Annual Members’ Show on Jan. 16. Complementing its grand opening, the show is the inaugural exhibition in the new location featuring work from 276 ACG artists and members.             […]

#AlbanyIsAllBiz | Hot Crispy Oil Relocates and Expands in Albany

October 29, 2025 – 4:05 pm

Hot Crispy Oil, the Albany-based specialty condiment company that captured the taste buds of food enthusiasts nationwide, is embarking on a new chapter. The company, founded in 2020 by John Trimble, recently relocated its operations to a larger facility at 24 Thatcher Street in Albany, marking a significant step forward in its plans for growth. […]