Real Estate Development

Capitalize Albany Breaks Ground On Clinton Market Collective Construction

April 25, 2023 – 10:31 am

Clinton Square DRI Project to Reimagine Key City Gateway, Strengthen Neighborhood Connectivity, and Create Proving Ground for Pop Up Businesses, Events and Programming View Press Release: Announcement By Governor Kathy Hochul Capitalize Albany Corporation and Clinton Market Collective project partners broke ground at 11 Clinton Ave. today marking the start of Clinton Market Collective’s construction. […]

Construction Started On New Corporate Circle Warehouse and Distribution Facility

April 21, 2023 – 10:12 am

75,000 Sq. Ft. Warehouse and Distribution Facility To Be Constructed Supporting More Than 70 Construction and Permanent Jobs A 75,000 sq. ft. warehouse building will be constructed at 38-42 Corporate Circle off New Karner Road. It’s planned to be leased to entertainment and pop-culture merchandise retailer FYE serving as a manufacturing and distribution facility. Project […]

Clinton Market Collective Construction Getting Underway

March 23, 2023 – 9:41 am

Clinton Square DRI Clinton Market Collective Project to Reimagine Key City Gateway, Strengthen Neighborhood Connectivity, and Create Proving Ground for Pop Up Businesses, Events and Programming Clinton Market Collective construction is starting, preliminary site work is getting underway and fencing will soon be constructed around the site’s perimeter.   Directly across from the new Skyway, the […]

Central Warehouse Redevelopment Awarded $9.75 Million Through First Round Of The Restore New York Communities Initiative

December 20, 2022 – 3:56 pm

            View this post on Instagram                         A post shared by Capitalize Albany Corporation (@capalbanycorp) Governor Kathy Hochul Announced Today Albany’s $9.75 Million Special Project Award View Announcement Press Release Led through a partnership between development team Redburn Development […]

Guidelines Available Now For New Small Business Building Improvement Grant Program, Launches In January

December 14, 2022 – 1:15 pm

Up To $750,000 In Reimbursable Building Improvement Grants To Support Ongoing Post-Covid Recovery Efforts Will Be Available; Applications Open Starting Early January Program guidelines for Capitalize Albany’s new Small Business Building Improvement Grant (BIG) Program are available to review in advance of opening the program to applicants in early January. Click Here To View Program […]

Refinancing of Tax-Exempt Bonds Through City Of Albany Capital Resource Corporation To Support Albany College of Pharmacy And Health Sciences

October 20, 2022 – 9:51 am

View Announcement Press Release The refinancing of the Albany College of Pharmacy and Health Sciences’ (ACPHS) previously issued 2007A and 2008A tax-exempt bonds will in part support the institution in taking ownership of student housing facilities which were projects supported by the initial bonds issued. This will create administrative efficiencies and support savings, allowing ACPHS […]

$3.25 Million New Construction Multifamily Residential Project Completed at 191 North Pearl Street

October 19, 2022 – 4:07 pm

Investment Transforms Vacant Lot, Boosts Revenue to Local Taxing Jurisdictions, Strengthens Neighborhood Connectivity, and Creates 18 New Apartments View Announcement Press Release Here Local officials and community members today joined developers Ron Stein and Pete Tryon and their development team comprised of BSNB, Franco Construction and C2 Design, in cutting the ribbon on the latest […]

Clinton Market Collective Construction Bid Opportunity: Information For Contractors And Trade Experts

September 20, 2022 – 1:43 pm

Update 9/29/22: Interested bidders, please click here to review Addendum #1 and note the below due date has been updated. Capitalize Albany Corporation is now seeking bids for construction of its Clinton Market Collective project. TW&A Construction Management, a New York State Women-Owned Business (WBE) is serving as the construction manager for the project. Construction […]

$8.9 Million Investment To Transform Vacant 44,000 Square-Foot Office Building To Mixed-Use Multifamily Residential

June 16, 2022 – 4:04 pm

Redevelopment of underutilized office building neighboring downtown, into market-rate apartments and commercial retail space View Press Release A mixed-use development project located at the corner of Swan and State streets, 90 South Swan Street, will convert and activate vacant office space, create 61 multifamily apartment units, bring new revenue to local taxing jurisdictions, support at […]

Update: 2022 REDC Round XII CFA Process

May 27, 2022 – 11:45 am

Earlier in May Governor Kathy Hochul announced the opening of the Regional Economic Development Councils Round XII consolidated funding application (CFA) process. The application portal is now open and Capitalize Albany staff is available to assist applicants located within the City of Albany. Corporation staff will coordinate requests for letters of support from the Mayor and resolutions from […]