Real Estate Development

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 […]

Impact Downtown Albany Strategic Plan Receives International Downtown Association 2016 Award of Excellence

September 9, 2016 – 7:36 pm

Announcement Press Release During its 62nd Annual Conference and Tradeshow in Atlanta on Sept. 8, the International Downtown Association recognized Capitalize Albany Corporation and the Impact Downtown Albany strategic plan, awarding the 2016 Downtown Achievement Award of Excellence. View the submitted presentation here. The Award of Excellence is a new category that acknowledges innovative best practice […]

New 277 Room Student Housing Facility Set to Support Growth at Albany World-Class Institutions

September 9, 2016 – 6:50 pm

Announcement Press Release Here   Aspen Albany is the newly constructed 277 room, four-story student housing facility at 1475 Washington Avenue. After breaking ground at the site of the project last summer, Aspen Albany has opened the doors for its first fall semester. City of Albany Mayor Kathy Sheehan was joined by GSX Solutions’ project […]

Community Vision and Revitalization Effort Transforming Albany Sheridan Hollow Neighborhood

August 24, 2016 – 6:17 pm

Albany’s Sheridan Hollow neighborhood is undergoing an incredible transformation and today, Capitalize Albany joined the community in gathering with elected officials and community leaders to celebrate another significant achievement as part of that transformation.   Nearly 100 new mixed-income housing units, retail/office in Sheridan Hollow catalyzing investment in every direction pic.twitter.com/LNlxGvbmv3 — Capitalize Albany (@CapAlbanyCorp) […]

Newly restored 400 Hudson Avenue adds to quality affordable housing in Albany at Royce on the Park

July 7, 2016 – 8:04 pm

VIEW PHOTOS HERE   Capitalize Albany Corporation joined Albany Mayor Kathy Sheehan, Royce Mulholland, president and CEO of The Mulholland Group and other state and local elected officials to celebrate the grand opening of Royce on the Park, a newly restored and upgraded senior and disabled community living apartment building located at 400 Hudson Avenue […]

First Mixed-Use Project in Emergent Warehouse District to Take Shape

May 19, 2016 – 7:19 pm

Now-abandoned 960 Broadway will feature 24 apartments, new commercial space and new restaurant in $6 million renovation View Announcement Press Release   Abar Construction, led by developer Bill Barber will redevelop 960 Broadway in Albany’s warehouse district, revitalizing a property formerly home to the Rodgers Liquor Co., which has been left vacant for two decades. […]

101 New Student Housing Units Set to Support Growth at Albany World-Class Institutions

April 21, 2016 – 6:54 pm

City of Albany Industrial Development Agency Approves Application To Assist New Private Student Dorm Facility at 1385 Washington Avenue View Announcement Press Release Here   The City of Albany Industrial Development Agency board approved an application to provide financial assistance in the form of New York State sales and mortgage recording tax exemptions and real […]

City of Albany Mayor Kathy Sheehan Appoints Capitalize Albany President to New Task Force Studying Housing Affordability

April 21, 2016 – 3:24 pm

Her expertise will help the group navigate development economics, find implementable solutions that work for both the neighborhoods and the development community. Albany Mayor Kathy M. Sheehan announced yesterday that she has appointed a new task force on housing affordability that will consist of Albany housing experts as well as community stakeholders, including landlord and […]

Capitalize Albany Announces Grant Programs to Support Retail Business Growth in Albany

March 23, 2016 – 8:50 pm

Two Programs Aimed at Attracting Retail Tenants and Driving Foot Traffic to Commercial Districts Backed By City of Albany Capital Resource Corporation Capitalize Albany Corporation announced today the launch of two groundbreaking grant programs to benefit the City of Albany’s various commercial districts and its downtown’s retail market. At an informational programs launch event held […]