Uncategorized

United Way Is Bringing Coworking To Downtown Albany At The Blake Annex Supporting Nonprofit Community

May 8, 2021 – 2:45 pm

Downtown is welcoming a new coworking space designed specifically to meet the needs of the area’s burgeoning nonprofit community. The United Way of the Greater Capital Region’s Blake Annex is housed in 24,000 square feet on two floors in the former Steuben Club and Kenmore Hotel at 76 N. Pearl St. – landmark historic buildings […]

Back To Business: Capitol District Supply

March 30, 2021 – 1:57 pm

Selling plumbing, heating, kitchen and bath supplies and fixtures is a very hands-on process. Contractors need to come and pick up their orders, residential customers need to come into the showroom to consult with designers and select their preferred products – from cabinets and sinks to toilets, tubs and showers. At least, that’s how it […]

Back To Business: Pint Sized

November 10, 2020 – 1:41 pm

Pint Sized is a small business whose owner’s determination to succeed regardless of the challenges posed by the coronavirus epidemic very much belies its name. August Rosa, owner of the craft beer bar and bottle shop with two locations – 250 Lark St., Albany and 489 Broadway, Saratoga Springs –  estimates that he has had […]

$72,000 Downtown Revitalization Initiative Award to Capital Walls Mural Project Adds Two New Murals on Columbia Street

October 27, 2020 – 3:39 pm

Governor Cuomo’s Downtown Revitalization Initiative (DRI) is strengthening Albany’s Clinton Square neighborhood. Two new murals were unveiled in downtown Albany this morning — enhancing the gateway to the Capital City’s downtown. They’re located at Redburn Development Partners’ 39 and 45 Columbia Street properties where work is underway as part of its $80 million downtown investment. […]

Capitalize Albany Corporation Assumes Control Of Liberty Park Properties

February 26, 2020 – 2:09 pm

Announcement’s Press Release Capitalize Albany Corporation has closed on its Purchase and Sale Agreement with the Albany Convention Center Authority (ACCA), transferring roughly five acres of surplus ACCA properties surrounding Liberty Park in the heart of Albany’s downtown business district to the city’s nonprofit economic development organization. Liberty Park is unique in the Capital Region’s […]

Innovation Of Skyway Recognized By American Council of Engineering Companies

January 29, 2020 – 5:01 pm

With support from Governor Andrew Cuomo’s Regional Economic Development Councils initiative, Capitalize Albany Corporation completed a 2018 Skyway feasibility study and the project’s preliminary design. This study and the Skyway’s design, guided by public input and conducted by the design firm Stantec, has prepared the Impact Downtown Albany-informed Skyway project to advance. The Corporation-led REDC Round […]

New Mixed-Use Development at 563 New Scotland Avenue to More Than Triple Revenue Generated for Local Taxing Jurisdictions

January 16, 2020 – 3:34 pm

Click here to view the announcement’s press release The New Scotland Village project will bring 188 market-rate rental units and approximately 15,000-square feet of retail/commercial space to a neighborhood commercial corridor. Made possible with support from the City of Albany Industrial Development Agency (IDA), developer Jankow Companies’ New Scotland Village is projected to generate more […]

City of Albany Projects Receive $16.2 Million from Regional Economic Development Council (REDC) Initiative Round 9

December 19, 2019 – 6:11 pm

Click Here To View The Announcement’s Press Release  A strong set of competitive projects throughout the City of #Albany met @NYGovCuomo‘s and the Regional Council’s challenge this year — bringing the total amount of CFA funding awarded to citywide projects through 9 rounds to $100M+ totaling — $112.9M. https://t.co/h6SNVCHVCA pic.twitter.com/UiNNaz620M — ᴄᴀᴘɪᴛᴀʟɪᴢᴇ ᴀʟʙᴀɴʏ (@CapAlbanyCorp) December […]

Completion of Albany S.T.E.A.M. Garden Phase 1 Business Incubator

December 12, 2019 – 11:54 am

Science, Technology, Engineering, Arts and Media – S.T.E.A.M. – is breathing new life into a once-vacant building, a neighborhood, and the Capital Region’s creative economy. The first phase of renovation of the former St. Patrick’s School on Central Avenue is complete, an opening celebration was held on December 11 and the S.T.E.A.M. Garden is now […]

Annual Report | Building For Tomorrow 2019

November 18, 2019 – 9:16 am

Celebrating its 40th anniversary in 2019, Capitalize Albany Corporation has elevated the City of Albany and the Region. It’s executing action-oriented strategies and catalyzing transformation in Albany’s neighborhoods, downtown and commercial districts citywide. To learn more you can read Capitalize Albany Corporation’s 2019 Annual Report, click here or below. Read our 2018 annual report Read […]