Real Estate Development

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 […]

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 […]

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 […]

City of Albany to See First Residential New Construction as Market for Downtown Living Progresses

October 20, 2016 – 6:43 pm

Click Here To Read The Announcement Press Release New construction projects located at 191 North Pearl Street and 760 Broadway will transform the two vacant properties, bring new revenue to Albany’s taxing jurisdictions and create a total of 118 new apartment units. Together, these strategically-located projects will increase the density of the growing urban center, […]

Park South Urban Renewal Plan Receives International Economic Development Council Excellence in Economic Development Award

September 27, 2016 – 7:19 pm

During its 2016 annual conference in Cleveland, OH on September 27, the International Economic Development Council (IEDC) recognized Capitalize Albany Corporation and the Park South Urban Renewal Plan, awarding the Silver Excellence in Economic Development Award. Marking a decade’s worth of implementation, the Park South Urban Renewal Plan was submitted into the IEDC Awards’ Neighborhood […]

246 Affordable Housing Units Newly Restored in Albany Pastures Historic District

September 27, 2016 – 5:13 pm

Ceremony to mark completed rehab of 246 affordable housing units held today at the Historic Pastures Mansions, #Albany. A $40M investment. pic.twitter.com/Ax5xQ3K0p0 — Capitalize Albany (@CapAlbanyCorp) September 27, 2016 A dedication ceremony marked the completed rehabilitation of 246 affordable housing units in the City of Albany’s Pastures Historic District. Capitalize Albany Corporation joined Albany Mayor […]