Real Estate Development

Update: Local CFA Webinar, Workshops | REDC Initiative Round XIII CFA Process 

June 1, 2023 – 9:38 am

Join Empire State Development and Capitalize Albany Corporation for an upcoming CFA Workshop to learn more about available resources and the application process. Please register at the links below: June 6, 2023 at 2:00PM (virtual) June 20, 2023 at 2:00PM at Albany Public Library, Arbor Hill/West Hill Branch – Large Meeting Room June 22, 2023 […]

Preparing 100 Acres At The Port of Albany For First U.S. Offshore Wind Manufacturing Facility

May 12, 2023 – 4:06 pm

Incredible progress is taking shape at the Port of Albany’s expansion site — preparing 100 acres for the first offshore wind tower manufacturing facility in the U.S.   The Capitalize Albany team joined Port officials, Albany Mayor Kathy Sheehan and members of the City of Albany’s Neighborhood Community Services team, for a tour of the APDC […]

ACES And Community Loan Fund Break Ground On New ACES Incubator Expansion

April 27, 2023 – 3:22 pm

At 255 Orange Street today, the Community Loan Fund officially broke ground on its Albany Center For Economic Success (ACES) Incubator Expansion Project. This state-of-the-art facility will feature co-working space for eight, a designated training and technical assistance room for clients of the Community Loan Fund, as well as a drop-in daycare center for visitors […]

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 […]