News

Eighth Round City of Albany Small Business Facade Improvement Program Application Window Now Open

September 8, 2026 – 5:32 pm

Applications are now available as part of the City of Albany Small Business Facade Improvement Program’s Round Eight  funding window with matching grants being made available to support small business owners citywide. The program can provide matching grants to assist eligible small businesses and not-for-profits with up to $10,000 for exterior renovations.   For an application […]

Capitalize Albany Advances Liberty Park Redevelopment with RFP Respondent Selection

September 1, 2026 – 4:40 pm

The City of Albany’s economic development organization, Capitalize Albany Corporation, has selected a master plan proposal as the next step in advancing its Liberty Park RFP process. On Tuesday, Capitalize Albany’s Liberty Park Committee voted to select a proposal by Columbia Development and Galesi Group.  Our team looks forward to working with the community, City, […]

Vacant Warehouse District Commercial Office Building Will Be Converted Into 15 Mixed-Use Multifamily Apartments

August 31, 2026 – 11:37 am

Announcement Press Release   The owners of Nine Pin Ciderworks are converting the vacant four-story 20,000-square-foot former commercial office building at 927 Broadway into the Rose Apartments, a mixed-use multifamily apartment building. Upper floors will be converted into 14 multifamily apartments, with one ground-floor unit along with 3,000 square feet of commercial retail space. The […]

RFP: Website Design And Development

August 17, 2026 – 1:34 pm

Capitalize Albany Corporation is seeking proposals from qualified, creative and experienced firms and professionals to provide website design and development services in designing and launching its new website. Please find a Request For Proposals at the link below. Responses to this RFP are due to Corporation staff by 4 p.m. on Sept. 24 and the […]

Inspired By 1920s Photo, McGreevy ProLab & ProPress Restores Broadway Building to its Original Facade

August 7, 2026 – 1:27 pm

More Than $135,000 Historical Restoration Project Completed At 376-378 Broadway   After several years of planning and a year of community-supported restoration work McGreevy ProLab & ProPress marked the completion of its facade restoration project on Thursday which returned all the storefront’s original historical features. City of Albany Mayor Dr. Dorcey Applyrs, Capitalize Albany Corporation, […]

A Conversation With Senator Pat Fahy On Chat With Pat Episode 34: Strong Core, Strong Region

June 26, 2026 – 9:35 am

Last week Capitalize Albany President Ashley Mohl and Senior Economic Developer Kaylie Hogan-Schnittker joined Senator Pat Fahy on her podcast for a discussion about the future of the Capital City’s development. Watch on Facebook below or listen on Apple, Spotify or wherever you get your podcasts to learn about what’s taking shape through Governor Hochul’s […]

Immediate Opening | Employment Opportunity: Senior Economic Developer

June 22, 2026 – 4:39 pm

About the Position Capitalize Albany Corporation is seeking a highly-motivated, professional and experienced candidate for Senior Economic Developer. This is a fast-paced position responsible for managing the administration of the Corporation’s real estate development programs, including project development and financing and administration of the City of Albany Industrial Development Agency, Capital Resource Corporation and Capitalize […]

An Historic Rehabilitation To Convert 120 Madison Ave Into Mixed-Use Development With 11 Multifamily Apartments

June 18, 2026 – 4:06 pm

$4.7 million Project Will Activate Vacant Tax-Exempt Former Masonic Lodge View Announcement Press Release    The historic rehabilitation of 120 Madison Avenue by Hoke Development will convert the long-vacant and tax exempt former Masonic Hall located in Albany’s South End Neighborhood into the Prince Hall Apartments. The $4.7 million investment made possible with City of […]

Nine Pin Ciderworks Celebrates Completion of Brick Facade Restoration, Advancing Its Ongoing Warehouse District Investment

June 3, 2026 – 10:35 am

Project Restores Appearance Of Historic McKinney Steel Complex Original Brick Industrial Architecture View Announcement Press Release    Nine Pin Ciderworks was joined by Albany Mayor Dr. Dorcey Applyrs and state leaders alongside the City of Albany’s economic development organization Capitalize Albany Corporation to recognize the completion of its latest investment in Nine Pin’s evolving warehouse […]

2026 REDC CFA Process Resources And Local Workshops

June 1, 2026 – 10:33 am

Updated June 24: Governor Kathy Hochul has announced the opening of this year’s Regional Economic Development Councils (REDC) Initiative and Consolidated Funding Application (CFA) process. The application portal is now open and Capitalize Albany staff is available to assist local applicants. In addition to the resources below, a series of local workshops to support potential […]