Real Estate Development
#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. […]
Downtown Albany Expands Culinary Landscape With Japanese-Italian Fusion Restaurant, Itameshi Is Now Open
October 7, 2025 – 4:19 pm
A new restaurant is bringing Japanese-Italian fusion cuisine to downtown Albany. Itameshi is located at 745 Broadway on the ground-floor of Industrie Apartments, which was developed by The Rosenblum Companies. Itameshi officially opened Tuesday. View this post on Instagram […]
$97.3 Million Investment To Reshape South End Neighborhood Developing 166 Multifamily Affordable Housing Units On 64 Vacant Parcels
September 18, 2025 – 3:25 pm
View Announcement Press Release Project Will Create At Least 100 Construction Jobs, Bring 62 Newly Constructed buildings To Currently Tax-Exempt Properties A $97.3 million investment will bring 64 vacant and underutilized land parcels back on to taxable rolls with the new construction of 62 new buildings containing a total of 166 affordable housing units. Made […]
Albany Heat Pump Supplier Takes Space in Former Freihofer Baking Co. Building Ahead of Statewide Shift to All-Electric Construction
September 16, 2025 – 4:56 pm
View Announcement Press Release Lucent Building Supply’s new showroom advances the $6.5M transformation of 242 Spruce St. — infusing the Former Freihofer site in the Sheridan Hollow Neighborhood with New commercial energy New investment continues the transformation of the formerly vacant and blighted Freihofer Baking Co. building at 242 Spruce Street in Albany’s Sheridan Hollow […]
New Downtown Location To Support Albany Center Gallery Expansion
August 5, 2025 – 3:24 pm
Albany Center Gallery, a nonprofit art space and gallery showcasing local and regional artists for nearly half a century, announced today a key move from its location in the Arcade Building to a larger downtown Albany building. The new venue will accommodate and enhance ACG’s rapidly growing programs, staff, projects, and initiatives. The new location, […]
With 15 This Latest Round, Small Business Facade Improvement Program Tops 80 Awards, Supporting Local Growth & Reinvestment
July 22, 2025 – 4:07 pm
Program Has Leveraged More than $730,000 In Private Investment As part of the City of Albany’s Small Business Façade Improvement Program’s seventh-round which closed in May, 15 Albany small businesses and nonprofits received matching grant awards totaling more than $108,000 this month. Already, since its inaugural round the program has made more than 80 awards […]
Construction Update: Albany is on ‘The RISE’
June 20, 2025 – 1:42 pm
As we step into the summer and the second half of the year, nearly $50 million in new investment is progressing as Jankow Companies furthers its construction and launch of two major Albany endeavors that will add to its The Rise apartments brand. First, in downtown Albany, Jankow Companies is finishing construction and has begun […]
REQUEST For Proposals Unlocks Landmark Opportunity for Highly Anticipated Redevelopment of the 8-Acre Liberty Park Site in the Heart of Downtown Albany
May 28, 2025 – 3:16 pm
Capitalize Albany Advances Long-Awaited Revitalization of Downtown Albany’s Largest Development Opportunity The City of Albany’s economic development organization, Capitalize Albany Corporation, beginning today is actively marketing a solicitation seeking proposals from qualified real estate developers to acquire and undertake the redevelopment of downtown Albany’s Liberty Park site through a request for proposals (RFP). For […]
Sign Up and Stay Updated on the NYS $200M+ Downtown Albany Initiative
May 28, 2025 – 12:48 pm
Through this year’s Executive Budget, Governor Hochul launched the Championing Albany’s Potential (CAP) Initiative, to invest $400 million to in part revitalize the state museum, and downtown core of Albany, in partnership with local stakeholders. As part of this effort ESD has selected MIG, a nationally recognized planning and economic development firm, to lead a […]
2025 Regional Economic Development Council Initiative CFA Process And Local Workshop
May 21, 2025 – 12:10 pm
Join Capitalize Albany Corporation and Empire State Development at the Albany Black Chamber of Commerce for an upcoming local CFA workshop. This is an in-person workshop with the opportunity to ask questions and learn more about the CFA application process and available resources. WHEN: June 18 3:00 – 5:00 p.m. Where: Albany Black […]
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