Real Estate Development

CITY OF ALBANY PROJECTS RECEIVE $21.8 MILLION FROM REGIONAL ECONOMIC DEVELOPMENT COUNCIL INITIATIVE ROUND V

December 10, 2015 – 11:11 pm

The Regional Economic Development Council (REDC) initiative awarded City of Albany projects with approximately $21.8 million ($21,841,067) in funding Thursday. Overall, the Capital Region was awarded a total of $98.1 million in funding for 114 projects. Of these 114 projects, 24 directly benefit activities within the City of Albany and will catalyze strategic initiatives and […]

Capitalize Albany Joins The Conversation on Talk of the Town With Albany Mayor Kathy M. Sheehan | WROW Magic 590-AM

November 18, 2015 – 4:05 pm

On Friday Nov. 13, Capitalize Albany Corporation president Sarah Reginelli joined City of Albany Mayor Kathy M. Sheehan on WROW Magic 590-AM’s Talk of the Town discussing citywide economic development initiatives‬, Impact Downtown Albany and the City of Albany’s building momentum. You can listen to that broadcast below. Are you interested in hearing about more of what’s […]

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 […]

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 […]

Capitalize Albany Corporation Backs URI Regional Growth Strategy Releasing Completed Impact Downtown Albany Strategic Plan Documents

July 30, 2015 – 12:59 am

The Capitalize Albany Corporation Board of Directors authorized release of the market-driven, action-oriented strategic plan, Impact Downtown Albany, completed last fall to serve as a business plan and Playbook for downtown Albany development. In consideration of the opportunities that the State’s Upstate Revitalization Initiative competition offers Albany and the entire Capital Region, the Capitalize Albany […]

Hospitality Culture Is Focus of Summit as Albany Capital Center and Renaissance By Marriott Set Downtown Albany Opening Dates

June 9, 2015 – 9:41 pm

The new Renaissance by Marriott announced it was set to open in mid-October, complementing the discussion today at the Albany County Convention & Visitors Bureau’s Hospitality Summit on developing a hospitality culture. This conversation occurs ahead of the Albany Capital Center opening which is set for 2017. Capitalize Albany Corporation President Sarah Reginelli discussed the new commercial investments […]

Redevelopment Project to Bring 400 Jobs as Broadway Warehouse District Corridor Looks to Transform

June 3, 2015 – 7:28 pm

On Wednesday, June 3, the City of Albany Industrial Development Agency board approved an application to provide financial assistance for a redevelopment project along the Broadway corridor of Albany’s warehouse district. Norry Management Corp. has a five-year lease with Maximus Inc., a contractor for New York’s health insurance exchange, to fill 92,000 square feet of […]