News

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 […]

$6.5 Million Investment To Redevelop Vacant Center Square Building Into Multifamily Residential

September 21, 2023 – 10:22 am

Converting 40,000 sq. ft. former College of Saint Rose building into market-rate apartments View Announcement Press Release Jankow Companies will soon begin construction on its newest multifamily residential apartments project in Albany, it will be converting 324 State Street into 29 market-rate apartments. This $6.5 million investment will bring the property back on to tax […]

New $3.5 Million Renaissance Albany Renovation Project Will Strengthen Hotel Operations

September 21, 2023 – 9:45 am

Investment Will Support Retention of 91 Jobs and Bring Improvements to Public Spaces, Guest Rooms View Announcement Press Release A new $3.5 million investment into downtown’s Renaissance Albany will bring needed improvements to the 203 room, 180,000 sq. ft. Renaissance by Marriot hotel’s public spaces and rooms. The  planned renovation will allow the hotel to […]

Fidens Brewing Opens First Taproom In Albany, Welcomed To The Warehouse District

August 4, 2023 – 4:43 pm

Fidens Brewing today opened its new, and first, 11,000 sq. ft. taproom located in Albany’s warehouse district at 897 Broadway, restaurant space which is next to Wolff’s Biergarten and across from The Copper Crow.             View this post on Instagram                     […]

$8.1 Million Investment To Convert and Expand Vacant Downtown Office Building Into Mixed-Use Multifamily Residential

August 1, 2023 – 9:15 am

View Press Release Jankow Companies will soon begin construction on its first downtown Albany multifamily residential project. Two additional floors will be added to the vacant 21,000 sq. ft. three-story office building located at 48 North Pearl St. transforming the property into five stories featuring 20 apartment units and 14,000 sq. ft. of retail space. […]

New Warehouse District Headquarters Opens For Albany Running Exchange, ARE Event Productions

July 19, 2023 – 12:29 pm

Today, ARE Event Productions and its Albany Running Exchange held a ribbon cutting ceremony including a “Break The Tape 5K Run,” celebrating its new headquarters location at 1028 Broadway in Albany’s warehouse district. ARE’s move to its new headquarters comes following an extensive $1 million renovation made possible through the City of Albany’s American Rescue […]

Thirty-Seven City of Albany Small Businesses and Nonprofits Receive more than $600,000 in Building Improvement Grants

June 27, 2023 – 3:43 pm

Through City of Albany American Rescue Plan Act Efforts, Capitalize Albany Awards Flexible, Reimbursement Grants for Investments that Support Ongoing Post-Covid Recovery Efforts View Press Release, Project Awards Information Here Following a highly competitive and thorough application and review process, $635,000 in Small Business Building Improvement Grant Program (BIG) awards were announced today, 11 a.m. […]

New Capital Walls Mural at The Yard in Albany Highlights Local Botany Native to the Capital Region

June 23, 2023 – 10:20 am

Downtown’s public art has just grown by more than 277-square-feet with the new addition of Capital Walls’ 20th mural by artist Juliana Haliti. It’s located on the main wall of The Yard Hatchet House & Bar between Chapel St and Sheridan Ave, the mural was funded by Leyla Kiosse, President of The Yard Hatchet House […]

518 Black Restaurant Week in Albany The Week of Juneteenth

June 16, 2023 – 2:52 pm

Declared by the Albany Common Council, 518 Black Restaurant Week is going to be getting underway in Albany the week of June 19, featuring a number of City of Albany restaurants. Made possible in part with support from Capitalize Albany’s Amplify Albany grant program – it’s part of a nationwide invitation to support Black-owned restaurants […]