News

Palace Theater Success Shows Signs of Healthy Downtown

September 18, 2013 – 3:52 pm

Albany’s Palace Theater shows profit for second year “The 82-year-old Palace is a large part of the city’s economy. The approximately 150,000 patrons who visited the theater this year also ate, drank and shopped in Albany’s downtown.” Full story here.

Economic Development Specialist

September 11, 2013 – 6:16 pm

About the Position Capitalize Albany Corporation is seeking a highly motivated, professional and experienced candidate for Economic Development Specialist. This is a fast pace position responsible for supporting the coordination and administration of business development programs and lending programs. The Economic Development Specialist is a key driver of economic development project implementation. An integral responsibility […]

New Tenants Announced for Kiernan Plaza

September 11, 2013 – 4:18 pm

On Monday afternoon, Lieutenant Governor Duffy visited Kiernan Plaza. The former Union Station will serve as the new corporate headquarters for the credit union SEFCU and the national engineering firm CHA, and will house a new regional office of the Arkansas-based networking firm Windstream Communications. Full story here.

Mayor Jennings, Developers Jim and Lena Hart, Capitalize Albany Corporation Cut Ribbon of Liberty Lofts at 374 Broadway

August 15, 2013 – 1:44 pm

Mayor Jennings, project developers Jim and Lena Hart, Capitalize Albany Corporation and the Downtown Albany BID cut the ribbon today at the newest addition to the Downtown Residential initiative: the Liberty Lofts at 374 Broadway.  The $1.9 million project received assistance via loans from Capitalize Albany Corporation and Berkshire Bank. Full release here.

City of Albany IDA Congratulates Honest Weight Food Co-Op on Grand Opening

August 8, 2013 – 5:04 pm

The City of Albany Industrial Development Agency (IDA), alongside of board members and staff at Honest Weight Food Co-Op celebrated the grand opening of the Co-Op’s newest building on Watervliet Avenue. The $11 million project was the recipient of City of Albany IDA sales tax exemption, and payment in lieu of taxes. For the full […]

Renovation of Historic Dewitt Clinton Hotel to Create More Than 200 Jobs And Spur Economic Growth in Capital Region Announced

August 6, 2013 – 2:54 pm

On Monday, August 8th, the office of Governor Andrew Cuomo, alongside of Mayor Jennings, Columbia Development, BBL Hospitality and Capitalize Albany Corporation announced the renovation of the historic Dewitt Clinton Hotel, which will be turned into a new Renaissance by Marriott hotel. Full release is available: here.

City of Albany, Capitalize Albany Corporation, Capital Group Developments, Downtown BID Cut Ribbon at 83 Beaver

July 25, 2013 – 7:53 pm

Mayor Jennings, Capital Group Developments, Capitalize Albany Corporation and the Downtown Albany BID cut the ribbon today at the newest addition to the Downtown Residential initiative: the 83 Beaver Street loft apartments. Full release here.

Mayor Jennings, Albany Medical Center, Capitalize Albany Corporation Announce Major Park South Project

July 23, 2013 – 2:39 pm

Today Albany Medical Center, alongside of Mayor Jennings and Capitalize Albany Corporation announced the commencement of a major Park South project that will bring the neighborhood into the final stages of the Park South Urban Renewal Plan of 2006. Full release here.

Capitalize Albany Corporation to Cut Ribbon at 83 Beaver Street Apartments

July 23, 2013 – 11:50 am

This Thursday, 7/25, at 2pm, Capitalize Albany Corporation alongside of Mayor Jennings and Project Developer Pat Chiou will cut the ribbon at the new Beaver Street Loft Apartments located at 83 Beaver. This event is open to the public and tours of the complex will be given following the event. Full media advisory here.

Albany Med, City of Albany and Capitalize Albany Corporation Announcement

July 22, 2013 – 1:30 pm

On Tuesday, July 23rd, Albany Medical Center, the City of Albany and Capitalize Albany Corporation will make a major announcement at 11:30 a.m.  The event will take place at the corner of Myrtle and New Scotland Avenues.  Full media advisory can be found here.