News

RFP: Commercial Brokerage Services

April 17, 2024 – 4:05 pm

Capitalize Albany Corporation is seeking proposals from licensed commercial real estate brokerage firms to establish a contract for Commercial Real Estate Brokerage Services for an initial period of one year which the term of may be extended by the Corporation. The successful respondent will be retained to represent the Corporation in the marketing and sale […]

$15 Million 36 Hackett Boulevard New Construction Multifamily Apartments Completed Strengthening Neighborhood Connectivity, Walkability

April 11, 2024 – 2:34 pm

View Announcement Press Release Construction Of 42 Unit Market-Rate Apartment Complex To Generate $1.4 Million Additional Revenue To Local Taxing Jurisdictions             View this post on Instagram                         A post shared by Capitalize Albany Corporation (@capalbanycorp) Local officials and […]

First Year In Business Celebrated At Emack & Bolio’s After Transfer Of Ownership

January 19, 2024 – 11:14 am

From Nurse to Ice Cream Shop Owner — A Successful First Year With a refreshed look and feel, Interior Renovations, Menu Additions Rewinding back several years, Orah LeHockey was working locally as a nurse full-time. Things changed as her parents who owned New World Bistro Bar at the time which was located on Delaware, were […]

$80 Million Investment To Renew Site Of Vacant Red Carpet Inn Into Affordable Housing Development

January 18, 2024 – 9:50 am

Northgate Landing development to create 200 construction jobs, bring 185 additional units of quality affordable housing to Albany Press Release   Replacing the underutilized and vacant Red Carpet Inn, an $80.9 million investment will bring a 185-unit affordable housing development to 500 Northern Boulevard nearby the northern edge of Arbor Hill and surrounding neighborhoods. The […]

Building For Tomorrow 2023

November 30, 2023 – 2:39 pm

RSVP | Building For Tomorrow 2023 Capitalize Albany has an ambitious agenda ahead for 2024 with unprecedented opportunities on the horizon for Albany and the Capital Region. An annual event, Building For Tomorrow will be hosted this year at the Albany Black Chamber of Commerce & Social Club.  Enjoy networking, refreshments, an exciting panel discussion, […]

$4.3 Million Investment to Transform Vacant Office Building into Newly Renovated Multifamily Apartments

November 16, 2023 – 11:45 am

Announcement Press Release 28,000 Sq. Ft. Commercial Office Building to be Converted into Multifamily Apartment Units Supporting More Than 40 Construction Jobs A 28,000 sq. ft. commercial office building will be converted into 25 market rate apartments at 102 Hackett Boulevard between Marwill Street and St. James Place. In 2021, the building became partially vacant […]

The 110-Room Hyatt Place Hotel Opens In Downtown Albany  

November 14, 2023 – 2:09 pm

More than $40 million Investment Transformed Former Brownfield Site As Part Of Quackenbush Square Development               View this post on Instagram                         A post shared by Capitalize Albany Corporation (@capalbanycorp) A new 110-room Hyatt Place Hotel now stands […]

Program For Matching Grants Reopens For City Of Albany Small Business Owners To Reinvest And Grow

November 9, 2023 – 12:14 pm

Now Accepting Applications for the City of Albany Small Business Facade Improvement Program’s Round Six View Announcement Press Release  Grant Program Details and Application Available Here Applications are now available as part of the City of Albany Small Business Façade Improvement Program’s Round Six funding window with matching grants being made available to support small […]

Former Freihofer Baking Co. Building Transformed Into New Market-Rate Apartments

October 27, 2023 – 4:33 pm

$6.5 million rehabilitation project Revitalized 242 Spruce St. Into 38 Market-Rate Apartments The transformation of the  vacant and blighted former Freihofer Baking Co. building at 242 Spruce St. was celebrated today in Albany’s Sheridan Hollow neighborhood.             View this post on Instagram                 […]

Following a Decade of Transformational Development Reginelli to Transition Leadership of Capitalize Albany Corporation

October 25, 2023 – 4:35 pm

Corporation Initiatives Supported Nearly $1 Billion In New Investment During Time Leading The Corporation Anders Tomson Elected as Next Chair of the Board and Senior Vice President Ashley Mohl To Be Named Interim Corporation President After more than a decade with Capitalize Albany, Sarah Reginelli, the Corporation’s president, and CEO of the City of Albany […]