Real Estate Development

Capitalize Albany Launches Neighborhood Retail Grant Program and More Than $300,000 to Support Retail, Business Growth In Albany

January 12, 2022 – 12:33 pm

Four Programs In 2022 Aimed at Attracting Retail Tenants, Reinvestment and Façade Rehabilitation, Driving Foot Traffic to Commercial Districts Announcement’s Press Release Available, Here Informational PDF Flier Available Below and Here The City of Albany’s economic development organization Capitalize Albany Corporation announced today the launch of its grant programs available for 2022 including a new […]

$65 Million Investment To Transform Iconic Albany Warehouse, Development of Distinctive Mixed-Use Project

December 16, 2021 – 2:13 pm

Redburn Development Will Renovate The Historic Huck Finn’s, Creating 260 Market-Rate Apartments With Indoor & Outdoor Amenities, 48,000 Square Feet Of Commercial Space Announcement’s press release, here Redburn Development Partners is moving forward with a project that will further strengthen the City’s growing warehouse district, transforming a downtown landmark – The Warehouse at Huck Finn […]

#BuildingAlb2021: Five Questions With Home Leasing CEO Bret Garwood

December 9, 2021 – 9:12 am

Q: What attracted Home Leasing to Albany?  A: We have a history of doing a lot of work in Rochester and as a company we wanted to expand, and Albany was really interesting. One of the things we like to focus on is real community-based projects that won’t just create affordable housing but accomplish more […]

Park South Neighborhood Welcomes Morris Place Apartments

November 22, 2021 – 2:13 pm

$5.3 Million Project Completion Marks Distinct Milestone For Neighborhood’s Ongoing Transformation, Revitalization View announcement’s press release here.  The Park South Neighborhood crossed another critical milestone welcoming Morris Place Apartments, a new 28-unit, five-story multifamily apartment building at 105 Morris St. — a key component of the area’s successful Urban Renewal Plan implementation: — […]

The Rise | Pine Hills Apartments, Welcomed To Albany Fully Leased

October 29, 2021 – 3:49 pm

The Rise | Pine Hills Apartments, welcomed to #Albany‘s Pine Hills — with building demand its 110 apts. are fully leased — a $16M investment, generating millions in additional revenue for taxing jurisdictions and bringing new neighborhood amenities… — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) October 29, 2021 Reinvesting $16.2 million into the former site of […]

Refinancing Of Civic Facility Revenue Bonds Through City Of Albany Capital Resource Corporation To Support Brighter Choice Elementary Charter Schools

October 21, 2021 – 2:57 pm

View announcement’s press release With interest rates currently more favorable, the refinancing of the Brighter Choice Elementary Charter School’s previously issued tax-exempt civic facility revenue bonds will save the college $168,000 annually and allow the school to further reinvest and support the retention of its 54 existing employees. Located at 250 Central Ave., since 2005 […]

$12.1 Million Investment To Strengthen Neighborhood Connectivity

October 21, 2021 – 2:14 pm

New Construction Of 60 Unit Market-Rate Apartment Complex To Create At Least 115 Construction Jobs And Bring $3.2 Million Additional Revenue To Local Taxing Jurisdictions View announcement’s press release A new construction market-rate multi-family residential project located at 25 Holland Ave. near the intersection of Delaware and Holland avenues will transform the 1.2-acre vacant site. […]

$80 Million Investment At 1415 Washington Avenue To Construct 240-Unit Student Housing Complex

September 23, 2021 – 3:19 pm

Project to generate $85 million economic impact during construction and bring additional $4.2 million to local taxing jurisdictions View Announcement Press Release Supporting Albany’s world-class higher education institutions and complementing recent investment along Washington Avenue this significant $80 million investment will demolish the 2.85-acre site’s vacant hotel and construct a new five-story student housing complex […]

Kenmore Ballroom Welcomed To Downtown

September 16, 2021 – 2:51 pm

Read the announcement press release here. An historic event venue, the Rain-Bo Room, is now reimagined. With owners Katie O’Malley Maloney and Nate Maloney, the Kenmore Ballroom was welcomed to downtown Albany today. Recognizing the opening and reimagining of this historic space following Redburn Development’s $36M investment in 76 N. Pearl St., the Kenmore Ballroom […]

New $2.35 Million Downtown Residential Construction At 191 North Pearl Street

August 19, 2021 – 5:44 pm

Project to fill vacant lot and enhance connectivity between Downtown, Arbor Hill, Clinton Square and Albany’s Warehouse District Press Release Available Here A new construction multi-family residential project located at 191 North Pearl St. will transform this vacant property, bring new revenue to Albany’s taxing jurisdictions, create at least 150 construction jobs, and add 18 […]