News
Refinancing of Tax-Exempt Revenue Bonds Through City Of Albany Capital Resource Corporation To Support The College of Saint Rose
September 23, 2021 – 3:35 pm
View Announcement Press Release With interest rates currently more favorable, the refinancing of the College of Saint Rose’s previously issued tax-exempt revenue bonds will save the college approximately $950,000 annually and allow the institution to further reinvest and support the retention of its 597 existing employees. The College of Saint Rose has been a part […]
$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 […]
Tell Us About Your Albany: Be A Part Of #1GreatThingALB On Social Media
September 8, 2021 – 12:20 pm
#1GreatThingALB Social Media Campaign It goes without saying that we here at Capitalize Albany (@CapAlbanyCorp) are big fans of this City and all it has to offer. The future of our City is bright and full of opportunity. So many amazing things are happening here, but not all of them get the attention they need […]
DeFazio’s Pizzeria at Albany Distilling Now Open
September 3, 2021 – 1:58 pm
Photo by Kiki Vassilakis DeFazio’s Pizzeria’s new location at Albany Distilling Co., DeFazio’s x ADCo, opened Sept. 3. Located at 75 Livingston Ave., between Broadway and North Pearl Street and theREP’s nearby newly opened space, DeFazio’s is welcomed to ADCo as the evolving district’s latest attraction. Albany Distilling expanded into the space in 2018 following a $1 million renovation supported in […]
#DowntownWorks For Sidebar, Coming Soon
August 24, 2021 – 9:18 am
Mike Lynch has eaten and cooked his way around the world – including a period at Nicole’s Bistro when it was located in downtown Albany’s Quackenbush Square. Along the way he became a certified sommelier and owned two restaurants in South Florida. But through it all – over a period of two decades, he says […]
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 […]
$6.7 Million Investment To Transform Vacant Besch Avenue/Holland Avenue Property And Strengthen Neighborhood Connectivity, Walkability
August 19, 2021 – 5:21 pm
New Construction Of 39 Unit Market-Rate Apartment Complex To Create At Least 260 Construction Jobs And Bring $1.5 Million Additional Revenue To Local Taxing Jurisdictions Press Release Available Here A new construction multi-family residential project located at 42-47 Besch Ave., just off Holland Avenue with frontage on Hackett Boulevard will transform the .67-acre vacant site, […]
Back To Business: Pizzeria Sapienza
August 9, 2021 – 3:30 pm
The lockdowns imposed at the height of the coronavirus pandemic had a silver lining for some eateries that already specialized in delivery – particularly pizza places, as New Yorkers indulged in comfort food cravings and sought a break from home cooking. But not all pizza places were positioned to benefit from this surge. Pizzeria Sapienza, […]
RFP: Construction Management Services For Clinton Market Collective Project
July 28, 2021 – 3:24 pm
Capitalize Albany Corporation is seeking proposals from qualified construction managers to provide construction management services in connection with the construction of an innovative open space with amenities and concessions along Clinton Avenue in Downtown Albany, New York that is expected to go into construction in 2022. Proposals from respondents seeking to bid on and/or self-perform […]
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