Downtown Albany Digest | Summer-Fall 2019

DOWNTOWN

ALBANY DIGEST

2019 Volume No. 1 IN THIS ISSUE: 1 2 3 7 8 10 13

Welcome!

New BID Board Members Developing Downtown New & Noteworthy Around Town Looking Back at Events Available Real Estate

A PUBLICATION BY THE DOWNTOWN ALBANY BUSINESS IMPROVEMENT DISTRICT

WELCOME!

Downtown Albany continues to thrive as we begin what will be an exceptionally transformative year of investment and development. While the seasons may change, the outlook for Albany continues to remain strong. In October, we were the region’s 2018 Downtown Revitalization Initiative Award Winner, receiving a $10 million grant from Governor Cuomo to help bring more projects to fruition in the already growing Clinton Square Area. Applications for projects have been submitted and will be reviewed by our Local Planning Committee during meetings that are open to the public.

Even the City’s cultural sector is seeing large swaths of reinvestment. The Palace Theatre is currently undertaking a $65 million upgrade to the 2,800-seat theater, creating an additional 600-seat theater on North Pearl Street next to the Palace, a video post-production center for editing

online. Another $87 million is currently under construction, and $220 million worth of additional investment is in the pipeline or early stages of development.* To bolster those substantial investments, the Downtown Albany BID directly launched and implemented several new projects in 2018: • Renewed FREE night & weekend parking in the public parking facilities in Downtown • Created a wayfinding master plan to improve and consolidate signage throughout the District • Partnered on the implementation of the FREE, year-round Capital City Trolley that runs Thursdays through Saturdays in the evening between Downtown and Lark Street • Launched a new panhandling education and safety campaign • Created a series of new dog-centric events for residents & their pets to enjoy

As we begin our adventure through 2019, I wanted to look back at some of the transformational development milestones, exciting new projects, and first-rate residential amenities that made 2018 such a stellar year for downtown Albany.

In 2018, $30 million worth of investment came

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• Planted 16 new trees for inaugural Arbor Day Tree Planting Pilot program • Purchased weather resistant ping-pong table & lawn games for Tricentennial Park

and sound-mixing, and expanding the theater’s statehouse, lobby, and box office.

Capital Repertory Theatre is moving to the intersection of Downtown, Arbor Hill, and the Warehouse District with the help of a $1.8 million Restore New York Communities Initiative grant that will turn the interior into two performance spaces, with the main theater seating 300 people and a second, black-box venue with room for 70 patrons.

Stay tuned for more news on development in downtown Albany in the months ahead.

Hon. Kathy M. Sheehan Mayor, City of Albany

this momentum with our strategic partners.

Here’s a look at just a few of the larger projects that are set to begin in 2019: • $280 million worth of investment slated to be leveraged through the implementation of the $10 million DRI grant • $3.1 million initial construction of the Albany Skyway • $1.2 million construction for the reimagining of Maiden Lane as a gateway to the Riverfront • $250,000 for Convention Center District improvements and plan implementation • $78 million seven building Redburn Development commercial and residential conversion project Thank you to our many partners, Stakeholders, and local officials for dedicating your time, energy, and enthusiasm towards making downtown Albany even stronger than it was last year!

Sincerely,

• Purchased additional self-watering flower planters to line our streets • Installed decorative string lights for Jim DiNapoli Park Throughout 2019 we’re excited to continue

Georgette Steffens Executive Director

downtownalbany.org *Source: Capitalize Albany Corporation

New BID Board Members

David Galin

Frank O’Connor III

Resident Representative

Property Owner Representative

David Galin is a Downtown resident and the Deputy Chief of Staff for the City of Albany. As Deputy Chief, his responsibilities include working collaboratively with government officials, as well as providing research, recommendations, and draft policies to help improve the quality of life within the City of Albany.

Frank O’Connor III is the property owner of a recently-completed residential conversion in Downtown and a Managing Partner at Gleason, Dunn, Walsh and O’Shea, whose office is also located in the BID.

Lena Hart

Chris Pratt

Property Owner Representative

Property Owner Representative

Lena Hart is a Downtown property owner, business owner of Precision Fitness in Downtown, and a Downtown resident. Mrs. Hart is a graduate of Fordham University and is a Managing Partner of MNM Holding, LLC, a development company focused on revitalizing historic buildings in downtown Albany.

Chris Pratt owns several properties in Downtown and is the business owner of Pearl Street Pub and Public House 42. A Downtown resident himself, he is also currently involved with a new residential conversion project in the District. Mr. Pratt has worked on various city events supporting both the Downtown and Lark Street BIDs.

Meet Tyler Wrightson Founder of Stacks, Leet Cyber Security, CoLab, and a National Influencer In October 2018, Tyler Wrightson was selected as one of the nation’s most influential young executives by being named in the Business Journals’ 100 Influencers: Rising Stars. He’s a young entrepreneur who wears many hats throughout a normal day. His first company, Leet Cyber Security, resides on James Street and aims to mimic hackers to pinpoint weaknesses in businesses’ security and prevent potential threats to the company.

As a seemingly unrelated venture, Wrightson owns Stacks Espresso Bar, which currently has two locations in Albany, one in Boston, and one coming soon to Troy.

In Summer 2018, he opened yet another new business – CoLab - across the hall from the Broadway Stacks location. CoLab is a membership-based co-working & events space; a space where many ideas can be shared between innovators, entrepreneurs, engineers, artists, and students to accomplish their goals.

Originally from Kinderhook, Wrightson chose Albany as his unofficial business hub, both because his family lives locally and he noticed firsthand that Albany has incredible growth potential.

When discussing why he decided to open CoLab, Wrightson described how he wants to change the way education is being received; to create an environment where all adults, regardless of their economic situation, can grow their knowledge in downtown Albany.

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Developing downtown

Downtown Albany Won $10 Million to Revitalize Clinton Square New York State Governor Andrew Cuomo’s Downtown Revitalization Initiative (DRI) is transforming downtown neighborhoods into vibrant communities where New Yorkers want to live, work and raise families. The $100 million program is a comprehensive, multi-agency approach to transform vulnerable, vacant, or forgotten areas of the state into livable, walkable, dynamic neighborhoods. The proven-successful investment will boost local economies and foster vibrant neighborhoods that offer a higher quality of life in every region of New York.

This fall Governor Andrew Cuomo announced Albany’s Clinton Square as the $10 million Capital Region winner of the DRI. Now in its third round, the Governor’s program is a comprehensive, multi-agency approach to transform communities into bustling neighborhoods and boost local economies.

consultant Stantec, the LPC, with the public’s input, will finalize a Master Plan that will be submitted to the State by March 31, 2019 with recommended priority projects for Clinton Square. They will be a mix of diverse, inclusive public and private projects with the highest impact for the residents and businesses within the footprint and the surrounding neighborhoods. Project awards are anticipated to be announced by the state in June 2019.

Currently more than $80 million is underway in Clinton Square. As part of the City of Albany’s successful application, the $10 million is proposed to leverage more than $280 million of investment in the award area. To view the original Clinton Square DRI application, learn about upcoming meetings, and for the most up to date information visit: https://www. albanyny.gov/Government/MayorsOffice/ DRIClintonSquare.aspx.

Work has already begun with a Local Planning Committee (LPC) selected and meetings are underway. Chaired by Mayor Kathy Sheehan and Linda MacFarlane, Executive Director of the Community Loan Fund of the Capital Region, members of the Committee also include BID Executive Director Georgette Steffens, and BID Board members Mark Aronowitz and Tracy Metzger. Working with selected

A Makeover for Maiden Lane The City of Albany received $1.2 million in grant funds from the state and National Grid to create a visible gateway along Maiden Lane — one of Albany’s oldest streets that was originally constructed during the mid-1600s — which has a straight path from the heart of Downtown to the pedestrian bridge leading to Corning Riverfront Park.

The current design and streetscape in this part of town doesn’t effectively communicate its proximity to the waterfront, nor the history that streets like Broadway and Maiden Lane possess. Making the plaza-like area between Broadway and the pedestrian bridge a more inviting and efficient space will encourage residents and visitors to better connect with Downtown and its businesses, rather than just go from a planned destination to the parking garage and then get in the car and leave. The overall goal is to rejuvenate Maiden Lane with a modern twist while simultaneously embracing a historic part of a city that was established in 1609.

This urban design and landscape architecture project will draw your eye and attention to the pedestrian connection to Albany’s waterfront.

Construction is slated to begin summer 2019. Draft designs include:

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making Maiden Lane a mostly pedestrian street, paying homage to its roots in the 17th century;

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more abstract and modern design details, such as custom sidewalk paint that embodies water and river themes; and

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implementing a combination of overhead signage, a street canopy, and vibrant murals to draw attention to the corridor.

Developing downtown

This Way to the Skyway Construction will begin in spring 2020 on the Albany Skyway, which will convert the underutilized Clinton Avenue ramp off I-787 and Quay Street into an elevated park connecting Corning Riverfront Park with Downtown and serving as a catalyst for further development while providing a unique venue for programming. From 5K race route options to various forms of entertainment, the new Skyway will also offer a variety of opportunities for local creatives to showcase their work. It will provide safe, non-motorized access from downtown Albany and nearby neighborhoods - such as Arbor Hill, Sheridan Hollow and the Warehouse District - to the Hudson Riverfront. The approximate half-mile-long Skyway will be fully accessible and compliant with the Americans with Disabilities Act. With support from Governor Cuomo’s Regional Economic Department Council initiative and New York State, Capitalize Albany Corporation, the City’s economic development group, is kicking off and leading the charge on the Skyway with the state award of $3.1 million in funding and the $200,000 that the project received as part of the 2018 Regional Economic Development Council awards.

Albany Mayor Kathy Sheehan said the possibilities for programming on what’s now an underutilized exit ramp are endless. “I think that vibrancy is essential,” she said. “If we want to grow as a city, capture property tax dollars because people are investing in property in the City of Albany,

A recent photo of the stretch that will soon become the Albany Skyway

and attract new businesses to our Downtown, we have to remain relevant.

We have to recognize that this type of amenity is something that will result in additional opportunities, additional jobs and additional economic interest in the city.”

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Developing downtown

Major Development Underway on North Pearl Street Redburn Development Partners will invest over $78 million in seven properties throughout the heart of downtown Albany. Construction is already underway on this transformative renovation and rehabilitation venture, which spans more than 450,000 square feet of vacant space in these outdated and neglected properties along North Pearl Street, Columbia Street, and Sheridan Avenue. The project will create new, mixed-income apartments as well as commercial and retail spaces and parking options.

The large group of historic properties was sold in December 2018, marking a major milestone in the ongoing reimagining of Albany’s newest neighborhood. The properties involved in this undertaking include the prominent, red-brick Kenmore Hotel (74 North Pearl), as well as the Steuben Athletic Club (1 Steuben Place), the Capital Repertory Theatre and Garage (111 North Pearl), 39 Columbia Street, the Kennedy Garage (43 Columbia), 55 Columbia Street, and The Knick (16 Sheridan).

1 Steuben Place

Altogether, the massive operation is expected to yield roughly 350 new residential units and more than 50,000 square feet of commercial and retail space that is expected to attract a minimum of 450 new residents to downtown Albany.

The first building in the portfolio is projected to be completed during the late fall of 2019.

111 N. Pearl Street

74 N. Pearl Street

The Latest: Residential Conversion Projects 420 Broadway

402 Broadway

52-54 N. Pearl Street

No. of units: 7

No. of units: 3

No. of units: 4

Amount of NYS Main Street Grant funding administered by the BID: $85,000

Amount of NYS Main Street Grant funding administered by the BID: $75,000

Status of commercial space: Leased by new owners of Coulson’s News & Deli

Status of commercial space: Under construction

Status of commercial space: Will include 2 new retail spaces, one of which will be occupied by Steuben Street Market (moving from next door)

Projected residential completion date: Summer 2019

Projected residential completion date: Spring 2019

Projected residential completion date: Spring 2019

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Developing downtown

16 Sheridan

39 & 43 Columbia Street

Maiden House 34 Maiden Lane

48 N. Pearl Street

46 State Street

No. of units: 26

No. of units: 4

No. of units: 18

Status of commercial space: 1 leased, 1 available

Amount of NYS Main Street Grant funding administered by the BID: $100,000

Status of commercial space: In the process of lease-up/tenant attraction Residential completion date: Completed

Projected residential completion date: Spring/summer 2019

Status of commercial space: Under construction Residential completion date: Completed

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New & Noteworthy

Downtown is filled with impressive young professionals and business owners.

Let’s hear it for the 2018 class of the Albany Business Review’s ‘40 Under 40’!

Schuyler Bull, owner, Fort Orange General Store Angelo Maddox, Jr., owner and operator, Fresh & Fly Clothing Inc. Matthew Peter, executive director, Albany Parking Authority Morgan Moldoff, senior rail engineer, CHA Tyler Wrightson, founder, Leet Cyber Security; owner, Stacks Espresso Bar Fatin Haddad, associate, Phillips Lytle

Congratulations to Leola Edelin on her Albany Business Review 2018 ‘Women Who Mean Business’ Award!

Leola is general manager at the Renaissance Albany Hotel, having previously worked at hotels in both Pittsburgh and Atlanta. She was recently named an Albany Business Review ‘40 Under 40’ honoree and nominated as general manager of the year by New York State Hospitality and Tourism Association for hotels with 150+ rooms.

Under Leola’s leadership, the Renaissance has received numerous awards and recognitions, including Hotel of the Year by BBL Hospitality.”

Justin Priddle, vice president, business banking, Berkshire Bank Dan Cancelliere, senior vice president of retail banking, Pioneer Bank STRATEGIC PARTNERS OF DOWNTOWN: Katie Newcombe, senior economic developer, National Grid Jaime Watson, director of corporate communications, Capital District Transportation Authority

Hugh Johnson, Bob Curley selected to national list of influential finance executives Finance Magazine recently spotlighted 100 financial executives who are having an impact on business being done in communities across the nation.

These executives represent both large, nationally-known organizations as well as small, community-based institutions.

Hugh Johnson is chairman and chief investment officer of Hugh Johnson Advisors LLC in Albany and is regarded as one of the best-known analysts in the US. Bob Curley has had a career in banking for 50 years and has mentored many young bankers who have gone on to be successful in their own careers.

Welcome to Downtown’s newest businesses!

CoLab Co-working Space

Goosehead Insurance

488 Broadway

41 State Street, Suite 604-3

Located in the newly renovated Arcade Building across the hall from Stacks Espresso Bar at 488 Broadway, CoLab is a membership-based co-working and events space that aims to operate as a performancedriven habitat to forge connections, nurture creativity, and inspire productivity. This newly-renovated, thoughtfully-designed, 3,000 square foot space is also available to book for private parties and events.

Cydney Gregware is the first to open a Goosehead branch in the Capital Region. Cydney, a native of the Capital District, believes everyone needs insurance yet understands that the process can often be confusing and cumbersome. Her twelve years of experience in the industry spans the areas of Personal and Commercial Lines, along with Life, Accident & Health Insurance.

More Downtown newcomers & Expansions: 7

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NEW LOCATIONS:

NEW BUSINESSES: In the Coliseum Mall | 153 S. Pearl Street: • Acacia’s Basement • Mama Luv’s Kitchen • Thimot’s Computer Repair Store

Louis Berger | 140 State Street, Suite 101

Crazy 4 Green Diecast Replicas • Moved up Steuben Alley to the larger Steuben Alley Storefront #4 (61 N. Pearl Street)

Olivieri Recruiting | 41 State Street, Suite 604-5

The Hair Gallery • Relocated to 7 N. Pearl Street

Klein Art Gallery & Coffee House | 146 State Street

around town

The new (and free!) Capital City Trolley The Capital District Transportation Authority (CDTA) has partnered with several Albany organizations, including the Downtown Albany BID, to launch the Capital City Trolley. The free service provides a safe and convenient link between the Lark Street/Center Square neighborhoods and downtown Albany.

In addition to the many businesses on or close to the route, the trolley also has convenient stops near key attractions such as the Albany Capital Center, the Times Union

Center, the State Capitol, Palace Theatre, the Corning Riverfront Park, Quackenbush Square, the Riverfront Parking Garage and the Washington Avenue Armory.

Days of operation: Thursday, Friday, and Saturday nights from 5:00 PM – 12:30 AM Frequency: A new trolley will arrive every 20 minutes.

Cost: FREE! FREE PARKING is available in all ParkAlbany Garages after 5:00 PM on weekdays and all day on weekends

Schenectady-based software and logistics company Transfinder enhanced its CityFinder mobile application that allows users to track trolley location and highlights detailed points of interest. And it can be downloaded for free for iOS and Android!

In addition to CDTA, the Capital City Trolley is proudly brought to you by the Albany Capital Center, Albany Parking Authority, Albany Police Department, Albany County Sheriff’s Department, Discover Albany, Lark Street BID, Downtown Albany BID, Capitalize Albany Corporation, and Palace Theatre.

The Olde English Pub team sporting their new Capital City Trolley t-shirts

Who doesn’t enjoy a little friendly competition?

Downtown residents & BID staff members test out the new games in Tricentennial Park

To give residents and Downtown employees a new way to enjoy Tricentennial Park while meeting with one another, the Downtown Albany BID purchased a weather-resistant Ping Pong Table and a series of games, all of which are free to use for anyone interested. The games, including Cornhole, Giant Connect-4, chess, dominoes, and more, are stored in Tricentennial Park and then brought out for visitors to enjoy during the weekday when it’s nice outside. Bring your own paddles and balls to enjoy ping-pong any time!

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around town

New #CapitalWalls murals Since our last issue of the Downtown Digest, two new murals popped up as part of the Capital Walls campaign, which is a collaboration between the Albany Parking Authority, Albany Center Gallery, and Albany Barn. These new works of art bring the current downtown Albany mural count to ten.

^^ “The Vandal,” by internationally-famous artist Nick Walker, which is located on the GreenHudson Parking Garage (45 Hudson)

<<“Geraldine’s Reverie,” by local artist and

children’s book illustrator Liz Zunon, which is located along the wall for the Clinton Avenue off-ramp near the Quackenbush Garage.

Zunon also previously participated as an artist for the BID’s Sculpture in the Streets 2012 giant clog project.

Real change is up to you The three Business Improvement Districts located within the City of Albany have partnered on an education and safety campaign that aims to simplify the way we give to those in need. The City of Albany is fortunate to be home to numerous, highly-effective outreach agencies that provide direct aid and long-term assistance for our citizens who are homeless or facing homelessness.

All donations obtained through the Give Real Change program are turned over directly to the organizations that have the capacity to service the homeless population here in our city. These professional outreach organizations know the most effective way to deliver support to those in need.

This initiative is comprised of several helpful tools: • Six donation stations (pictured here) made from re-purposed parking meters serve as a place where one can donate spare change.

The now vibrantly-colored meters were donated by the Albany Parking Authority while Albany Center Gallery helped coordinate the artists who painted them.

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• A website allowing people to donate to the non-profit of their choice online - a safe alternative to giving money at traffic intersections. realchangeisup2you.org

• Double-sided printed cards with directions on how a homeless individual can receive help as well as how you can give directly to service agencies to affect real change.

• An educational piece that is made available in print and online explaining legal panhandling, when it crosses over into being illegal, and what to do if it does.

When considering helping people in need, we encourage you to support them by giving to groups who can provide Real Change - not just for the moment, but maybe for a lifetime.

LOOKING BACK AT EVENTS

Going Once, Going Twice…SOLD!

On September 21, the popular Downtown is Pawsome sculptures found their forever homes.

The unique statues, based on Albany’s famous canine landmark “Nipper” and colorfully customized by regional artists, brightened the boulevards and businesses of downtown Albany from May 2017 through August 2018.

Four of the sculptures were purchased by representatives from RCA/Sony Records, the historic record label that popularized Nipper by featuring him as their mascot and logo. Mitchell Biernacki’s “City Lines,” Betsy Gorman’s “Frida Fido,” Ali Herrmann’s “Bowie,” and John Gaudet’s “Bandit” now inspire the artists and executives visiting RCA’s Global Headquarters on Madison Avenue in Manhattan.

Executives from RCA Records traveled from Manhattan to purchase four of the sculptures

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During their year in the public spotlight, these statuesque pups cultivated quite the The family of Harris A. Sanders, the fanbase: more than 150 attendees renowned local architect who packed the patio of the Olde brought the 28-foot, fourEnglish Pub & Pantry for the ton Nipper statue to the Downtown is Pawsome Albany skyline in 1957, Auction, where 15 of the purchased the Albanypieces were sold to the centric “Lost & Hound” highest bidders for an sculpture by Kit Collins. incredible total of The evening was $63,000! Throughout dedicated to the the project, a total of memory of Mr. Sanders, $40,000 went back to who sadly passed away Sh local artists and more than d ee e just days before the event at w ha $6,000 was donated to the na l au b the age of 91. The popularity of t n f l d “Een programs of the Mohawk grote de the exhibit and auction are a Hudson Humane Society. tribute to his amazing legacy.

The pups’ new homes speak to the wideIf you’re already missing these Downtown ranging impact the Downtown is Pawsome doggos, don’t fret! Two of the sculptures, “Cleeo exhibit had on the Albany community and of Clee Park” and “Tulip Festival” will stay in the greater Capital Region. Mayor Kathy Sheehan neighborhood during the summer months, and is now the proud owner of Jessica Mansmith’s there just might be a new litter of pups in 2019.

Dutch history-inspired “Een grote delft blauwe doggo.”

“Almos” and his proud new family

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LOOKING BACK AT EVENTS

Paw-casso

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LOOKING BACK AT EVENTS

Yogapalooza BITES CAMERA ACTION

Winner

PAWS & PLAY MOVIE NIGHT

HOUNDS OF HALLOWEEN

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COMMERCIAL SPACE AVAILABLE

Looking to relocate your business to the heart of it all?

Look no further than downtown Albany.

Whatever your specifications are, we have the space that can work for you. From historical buildings with modern amenities to high-rise or shared-space options, you can find it in Downtown. Here is just a sampling of available space. For a more detailed list, visit downtownalbany.org/lease.

New retail spaces along Maiden Lane

Buildings for Sale

Office Space for Lease

69 Columbia Street 2.5 Story for Sale | 1,200 SF Price: $349,000

11 North Pearl Street Office Space for Lease | 3 available suites starting at 150 SF

80 State Street Class A Office Space for Lease | Multiple suites available, ranging from +/-1,844 to 6,192 SF Price: Starting at $23/SF + electric

Amenities: Beautiful 2.5 story brownstone in excellent condition. Building includes 3 parking spaces at rear and features central HVAC, bathrooms on each floor, high ceilings, and original fireplaces.

Amenities: 7,132 SF retail space in former Home Savings Bank Building with wide open floor plan that can accommodate any desired layout. There are high ceilings and ornate, original finishes throughout the great room, featuring gold-leaf embossed and hand-painted ceilings, shining marble walls, flooring, and pillars, and a decorative fireplace.

Amenities: Beautifully maintained Class A office building located in the center of the Albany CBD’s financial district, just steps to Capitol. On-site amenities include shared lounge, fitness center, bank and 24/7 security desk. Parking available in owner’s adjacent garage at a highly competitive rate, which includes free arena parking.

Amenities: Located along one of Downtown’s main corridors, this six-story building provides two floors of high-visibility retail space. This C3-zoned property is located in the Central Business District and is only steps from heavily trafficked attractions such as Capital Repertory Theatre and Palace Theatre, as well as other businesses such as Albany’s oldest retail establishment, B. Lodge & Company.

Contact: Melissa Martino | 917.402.9766

Contact: Laurie Tylenda, CCIM, SIOR at 518.452.2700 x139 or Laurie.Tylenda@ cbre-albany.com

Contact: Moutopoulos Brothers, Inc. at 518.441.0748, 518.210.7735 or moutopoulosbrothersinc@hotmail.com

Retail Space for Lease

50 South Pearl Street Retail Space for Lease | 3 available spaces in cafeteria-style restaurant

Contact: TL Metzger and Associates, LLC at 518.426.5211 x103 or Tracy@ TLMetzger.com 69 North Pearl Street 4-Story Building for Sale | 19,600 SF Price: $650,000 Amenities: Restaurant with full commercial kitchen and two bars is available for lease as well as for purchase. All equipment is new, dating back to a complete renovation in 2011. There is 6,600 SF street level retail space and an additional 2,000 SF VIP lounge with bar in the basement level. Currently leased month-to-month as a banquet hall. The 11,000 SF on floors 2-4 represent upside for an investor to re-develop into apartments and plans are available upon request.

Contact: Felton McLaughlin, NAI Platform at 518.465.1400 x208 or felton@naiplatform.com 63 State Street Commercial Building for Sale | 5,596 SF Price: $599,000.00 Amenities: Unique opportunity to purchase a free-standing building on State St. Ideal for office or retail use. Three stories feature open floor plan, brass elevator and period details throughout the building with great visibility to the street.

Close to Downtown restaurants, retail, hotels and Times Union Center, and conveniently located to access I-787, I-87, I-90, train station and bus terminal.

Contact: Leah Witko at 518.649.7505 or leahwitko@gmail.com

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41 STATE 41 State Street Office Space for Lease | 200-30,000 +/- SF | Suites Available Contact for pricing Amenities: 41 STATE is located in the heart of Albany’s Central Business District and just steps away from the State Capitol, court houses, and City Hall. This prime location provides unparalleled views of the Hudson River Valley and historic Albany while offering tremendous quality and value. Big or small, from one room to 30,000 SF, we can accommodate you and your business. This is a valuable location for law firms, lobbyists, wealth managers, and any organization that does business with state or local government. It’s a strategic location for all professional firms and entrepreneurs who desire a prestigious location on the corner of State and Broadway.

Contact: Joan Purtell, Albany Management at 518.458.7113 x151 66 South Pearl Street Office Space for Lease | Multiple suites available, ranging from 1,500 to 20,325 SF (full floor) Amenities: Impressive two-story lobby with security desk. On-site parking garage. Fantastic views from all sides and exterior signage available for large tenants. Located across from Times Union Center within walking distance to State Capitol, Legislative Office Building, Courts, Hudson River and prominent legal & financial firms. Easy access to major highways. www.66southpearl.com Contact: Jeff D’Amore, Pyramid Brokerage at 518.489.9199 or jdamore@ pyramidbrokerage.com

27 North Pearl Street 4 Retail Spaces for Lease | 1,000 - 3,000 SF Price: Call for pricing - all spaces are built to suit Amenities: The building located at 27 North Pearl Street on the corner of Maiden Lane was originally built in the early 20th century and renovated in 2017-2018. The historic structure is now mixed-use, with commercial/retail store fronts on the first floor and studio & 1-bedroom apartments on the second and third floors. Throughout the renovation, meticulous care was put into maintaining the historical merit of the building while ensuring the space offers every contemporary comfort. Available retail addresses include 27 N. Pearl Street, 32 and 36 maiden Lane, and 16 James Street.

Contact: Fairbank Properties at 518.512.3693 58 North Pearl Street Retail Space for Lease | 2,580 SF Amenities: Prime retail space available March 1, 2019. Great visibility and high pedestrian/vehicle traffic area. Featuring high ceilings and large windows, space is ideal for a gourmet market, upscale coffee shop, wine bar, book store, boutique, or café. Building contains 29 upscale apartments and was fully renovated in 2015-16.

Contact: Mark Aronowitz, Omni Development Company, Inc. at 518.432.4500 or maronowitz@omnidevelopment.com

84 North Pearl Street Retail Space for Lease | 3,000 SF Price: $6,500

84-185 SF | $1,000-$1,200/month (plus utilities) Amenities: Located across from the Times Union Center, a cafeteria-style restaurant will open in spring 2019 at 50 South Pearl Street. 3 spaces remain available with the leased spaces representing soul, Caribbean, and Thai food, along with a café/ bar. Each tenant pays $300/month for utilities and will be reimbursed at the end of the year if costs are lower. All cleaning/ maintenance are handled by management, with tenants responsible for cleaning their own stalls.

Contact: 518.346.8600 29 North Pearl Street Retail Space for Lease | 1,931 SF Price: Negotiable with tenant improvement packages available.

Amenities: The site of the former Brueggers Bagels location, this space is available for the first time in over 30 years.

Located at the intersection of N. Pearl Street and Maiden Lane - the primary retail corridor of downtown Albany - the restaurant infrastructure is already in place with a full ventilation and grease trap.

Contact: Matthew McCloskey, McCloskey Real Estate Management, LLC at 518.334.1514

residential SPACE AVAILABLE

Residential continues to grow in Downtown, and more than just big news for our Capital City, it’s great for anyone who seeks to live in Albany’s fastest-growing neighborhood. Below you’ll find current availability; for a complete listing of residential projects and news, visit downtownalbany.org/live.

The Argus Apartments 412 Broadway Available: 2 units | 803–1,465 SF Bedrooms: 1–2 | Bathrooms: 1–2 Price: $1,243–$2,000

20 Park Residences 20 Park Street Available: 2 units Bedrooms: 2 | Bathrooms: 2 Price: Starting at $1,850

Amenities: Recently renovated apartment with vaulted ceilings in the heart of the central business district close to everything. Features wood flooring, washer and dryer in unit, stainless steel appliances, and granite countertops.

Spiral staircase to loft.

Amenities: Rent includes 1 assigned parking space in gated lot on site, in-unit washer/dryer, stainless steel appliances, granite countertops, maple cabinets, energy efficient central heating and air conditioning, water, sewer, and trash removal. The building also includes a beautiful lobby, free bike storage, on-site storage units available for rent, Exposed brick, and 6,500 SF of retail space.

Amenities: Washer and dryer in unit, dishwasher, stainless steel appliances, granite countertops, gym, game room, limited on-site parking.

Contact: 518.210.7735 or 518.441.0748 Beaver Lofts 83 Beaver Street Available: 3 units | 1,090–1,639 SF Bedrooms: 1–2 | Bathrooms: 1–2 Price: $1,300–$1,800 Amenities: The apartments are finished with the highest quality materials, finishes and craftsmanship. Each unit has hardwood flooring, high ceilings, gourmet kitchens with stainless steel appliances, luxurious bathrooms and in-unit washer and dryer. Several units have balconies and both indoor and outdoor parking is available on site.

Contact: 518.400.0327 or info@beaverlofts.com Liberty Lofts 374 Broadway Available: 2 units Bedrooms: 2 | Bathrooms: 2 Price: $2,000–$2,200 Amenities: Liberty Lofts feature uniquely designed, loft-style units located across from the famed D&H building. Each unit features Italian-designed Scavolini Kitchens, exposed brick, and some of the original design elements of this former belt factory. One unit has entrance at 374 Broadway with elevator access; one unit has entrance at 10 Liberty Street and is a walk-up with private entrance.

Contact: Lena Hart at 518.527.1206 420 Broadway Available January 1, 2019 | Floor plans available upon request Available: 7 units | 650–1,744 SF Bedrooms: 1–2 | Bathrooms: 1–2 Price: $1,050–$2,175 Amenities: Granite countertops, stainless steel appliances, hardwood floors, roman showers, cable and internet included in rent, and washer/dryer in unit.

Contact: Rebecca Leverette, Maddalone and Associates at 518.356.8600 or Rebecca@maddalone.net

Contact: info@casshilldevelopment.com or 518.371.2410 ext. 26 The Arcade Apartments 488 Broadway Available: 2 units Bedrooms: Studio–2 | Bathrooms: 1–2 Price: $1,275–$2,200 Amenities: The converted space offers its Residents many private amenities, leaving very little to be desired. Rental rates include heat, Wi-Fi, basic cable, off-street parking, and water.

Apartments include hardwood and tile floors, washer/dryer hook-ups, laundry room, and granite counters.

Contact: 518.512.3693 or management@fairbankproperties.com 17 Chapel 17 Chapel Street FOR SALE: 4 units | 1,190–2,165 SF Bedrooms: 1–2 | Bathrooms: 1.5–2 Price: $299,900–$825,000 (Penthouse unit also available for rent, $3,500) Amenities: Each unit personally designed.

All units include granite in kitchen and baths, stainless steel appliances, hardwoods or laminate, ceramic tile, crown molding, washer and dryer in each unit, rooftop deck, fitness center, intercom system, high speed elevator, beautiful lobby, secure building. Each unit has at least one parking space in the heated garage.

Contact: Kathleen Sullivan at 518.858.8403 Maiden House 34 Maiden Lane Available: 5 units Bedrooms: Studio–1 | Bathrooms: 1 Price: $1,275–$1,525 Amenities: Renovated in 2017-18, meticulous care was put into maintaining the historic merit of this early 20th century building while ensuring the apartments offer every contemporary comfort. Rental rates include heat, Wi-Fi, basic cable, off-street parking, and water. Apartments include hardwood and tile floors, in-unit washers and dryers and quartz counters.

Contact: 518.512.3693 or management@fairbankproperties.com

Contact: 518.776.1219 Capital Center Apartments 99 Pine Street Available: 3 units | 480–988 SF Bedrooms: Studio–1 | Bathrooms: 1 Price: $1,150–$2,000 Amenities: Hardwood floors, granite counter tops, roman showers, washer/ dryers, fitness center, rooftop deck & dog park, theatre room, and more! Parking and on-site self-storage are also available and the apartments are all on the top 3 floors (great views), with a 5-story glass elevator running up the atrium. Heat/hot water, electric, cable internet, and trash are included in the rent.

Contact: Michelle LaBarge at 518.346.8600 or Michelle@maddalone. net

46 State Street Available: 4 Units | 850 SF Bedrooms: 1 | Bathrooms: 1 Price: $1,450 - $1,700 Amenities: New fully renovated building, units include granite countertops, stainless steel appliances, hardwood floors, rain shower heads. Beautiful views of Downtown’s cityscape and walking distance to restaurants, services, Hudson River, and arts and entertainment venues including Times Union Center, Albany Center Gallery, Palace Theatre, and Capital Repertory Theatre. Pets welcome with deposit.

Contact: 518.210.7735 or 518.441.0748 Park Place at 60 State 60 State Street Bedrooms: Studios–2 | 609–1,500 SF Bathrooms: 1–2.5 Amenities: Renovated in 2013, Park Place at 60 State offers modern luxury living in the downtown Albany area. Hardwood floors, stainless steel appliances, tile showers, modern finishes, washer/dryer, California Closets and 10-foot ceilings. www.parkplace60state.com Contact: Monica Hurry at 518.801.1051 or Mhurry@gordondevelopment.net

The Gateway Apartments 4-6 Sheridan Avenue Available: 3 units | 850–1,200 SF Bedrooms: 1–2 | Bathrooms: 1–2 Price: $1,125–$1,725

Steuben Place Apartments 40 Steuben Street Available: 2 units Bedrooms: 1 | Bathrooms: 1 Call for pricing

Amenities: Recently renovated with modern floor plans, apartments have in-unit washer/dryer, internet and cable included, central AC, exposed brick walls, elevator access, parking available for a separate fee, pets allowed with onemonth security deposit.

Amenities: Luxury apartments in beautifully restored historic building. High ceilings, exposed ductwork, large windows, hardwood floors. All the modern conveniences including in-unit washer & dryers, gas range, stainless steel appliances, granite counters, LED lights, programmable thermostat ceramic tile bathrooms and California Closets. Rent includes a parking space, basic cable, internet and storage room. www.steubenplaceapartments.com

Contact: Joe Palma at 518.207.6146 50 South 50 South Pearl Street Available: 1 unit | 1,218 SF Bedrooms: 2 | Bathrooms: 2 Price: $2,000 (furnished)

Contact: Lisa Aronowitz at 518.650.4500 or info@steubenplaceapartments.com

Amenities: Welcome to Albany’s newest neighborhood - and one of the newest residential conversions in Downtown. Step inside 50 South and be surrounded by the comforts of home. Head outside and take advantage of the ease of walking to your favorite eatery, pub, or to the Empire State Plaza or Corning Preserve.

Contact: Sam Thompson, Maddalone and Associates at 518.331.6169 or Sam@maddalone.net

downtownalbany.org

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Background: A residential unit inside Park Place at 60 State Street

23 N Pearl Street Available: 1 unit | 800 SF Bedrooms: 1 | Bathrooms: 1 Price: $1,200 ($1,350 w/parking included)

21 Lodge Street | 1st Floor | Albany, NY 12207 T: 518.465.2143 | F: 518.465.0139 downtownalbany.org

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MISSION STATEMENT To restore, promote and maintain the character and viability of downtown Albany and improve the quality of life and overall image for those who live in, work in and visit the Capital City.

BOARD OF DIRECTORS Executive Committee Richard A. Rosen, President Columbia Development Companies Mark Aronowitz, Vice President Omni Development Company, inc.

Daniel Fariello, Treasurer Capital Bank Pamela Nichols, Secretary O’Connell & Aronowitz Board Members Louis Bannister, The Enchanted Florist of Albany Meghan Barkley, Aeon Nexus

BID Board members from left. Lena Hart, Meghan Barkley, Chris Pratt, Frank O’Connor, Tracy Metzger, Seth Meltzer, David Sarraf, Hon. Darius Shahinfar, Stephen M. Cleary, Mark Yonally, Vice President Mark Aronowitz, David Galin, President Richard Rosen, Tyler Wrightson, George Penn.

Stephen M. Cleary, Hinman Straub, P.C. (Ret.) David Galin, Downtown Resident Lena Hart, Precision Fitness Hon. Daniel P. McCoy, Albany County Executive Seth Meltzer, Hudson Partners Development Tracy Metzger, TL Metzger & Associates Frank O’Connor, Gleason, Dunn, Walsh & O’Shea George Penn, Albany County Director of Operations Chris Pratt, Pearl Street Pub & Public House 42

Save these dates!

More information will be available as we get closer to each event, so make sure you’re saving the following dates on your calendars now!

March 16 @ 12 PM

Irish Sweat-er 5K

March 16 @ 2 PM

Albany St. Patrick’s Day Parade

Hon. Kathy M. Sheehan, City of Albany Mayor

April 13-19

15th Annual Downtown Albany Restaurant Week

Tyler Wrightson, Leet Systems & Stacks Espresso Bar & CoLab

David Sarraf, Fairbank Properties Eric Hawkins, Albany Chief of Police Hon. Darius Shahinfar, City of Albany Treasurer

May 18 @ 7:30 PM

Fashion Under the Stars: DNA

Mark Yonally, B. Lodge & Co.

May 22 @ 5 PM

Downtown Albany BID Annual Meeting

STAFF

September 14 @ 11 AM Yogapalooza

Georgette Steffens, Executive Director Jason Bonafide, Special Events Manager Rebecca Haizmann, Executive Assistant Don Wilson, Operations Manager

September 14 @ 1 PM

Pearlpalooza Music Festival

October 19 @ 11 AM

Hounds of Halloween III

November 23

Small Business Saturday