Fall/Winter 2015 Downtown Digest

Fall / Winter 2015 | Issue 2

albany digest DOWNTOWN

A publication of the Downtown Albany Business Improvement District

Š Upside Collective

A family stands at one of the Downtown Albany BID’s #captureALB frames during one of the Fork in the Road events held over the summer in Tricentennial Park. For more information on both, see page 4.

in this issue... pages 3 Small Business Saturday in Downtown

page 6 New Residential Units in Downtown

pages 9-11 New Downtown Businesses

page 13 Enhancing the District

page 15 Featured Properties

and more...

HONORABLE KATHY M. SHEEHAN, MAYOR CITY OF ALBANY Albany is currently in the middle of a few changes that are transforming Downtown Albany and the entire City. Under NY State’s Upstate Revitalization Initiative, the Capital District is competing against six other Upstate groups for three pots of $500 million. In October, the Capital Region submitted a proposal that’s big, bold and inclusive, designed to spur economic development for all who live and work in our region. Stay tuned: We’re in it to win.

The City is also well into ReZone Albany, the first overhaul of the City’s zoning code in half-a-century. The goal is to streamline the approval process for residents and businesses who want to build responsibly, while making sure we protect Albany’s historic buildings and neighborhoods. At public meetings in June, people re-imagined the Warehouse District as a place that will include the manufacturers here today and also invite new businesses and residents to reanimate the District’s magnificent old buildings. To learn more, visit rezonealbany.com.

In the meantime, the Downtown neighborhood continues to become a reality. About 150 units have become available in the last two months, bringing the total to over 300 new residential units that have been built in Downtown in four years. Newcomers will get a home in a place with historic sites, museums, theater, and unique places to eat and gather.

So share the news: The City of Albany is the place to be.

Kind regards,

Hon. Kathy M. Sheehan | Mayor, City of Albany

GEORGETTE STEFFENS, EXECUTIVE DIRECTOR What an incredible year 2015 has been so far. In the past 12 months Downtown has realized over $180 million of investment. These projects are bringing or have brought over 600 new employees, 350 residents, and 80,000+ visitors annually. The BID also introduced 10 life size frames throughout our sidewalks and created new events to add to vibrancy of our streets.

In the past few months, 110 market rate apartments have come online with much fanfare. The BID hosted our Residential Open House where over 250 people toured the numerous residential conversion projects throughout Downtown. The excitement was palpable, with people seeing firsthand the implementation of years of vision and strategy to create a 24/7, first class Capital City. If you were unable to attend the Residential Open House I invite you to visit our website to learn more about these apartment projects that are singlehandedly changing the landscape of Downtown.

Ribbon cuttings abound since the beginning of the year! Several companies made Downtown their home, many moving their corporate headquarters here. They include, but are not limited to: Aeon Nexus Corporation, Capital Bank, Classbook.com, SEFCU, and Windstream. New retailers opened while others expanded their offerings. Ranging from new sandwich shops, restaurants, deli counters, and jewelers, you can truly run all your errands in Downtown.

This investment continues to make Downtown the business center of the Capital Region and the heart of our great Capital City. Stay connected with us to learn more about upcoming development projects, fun events, and Downtown news at downtownalbany.org.

Sincerely,

Georgette Steffens | Executive Director

downtownalbany.org

SHOP DOWNTOWN

Shop Small promotional materials shown at B. Lodge & Company.

shop small. big impact.

The second annual Downtown Albany Small Business Saturday event was held on November 28.

A national initiative the Saturday after Thanksgiving to encourage people to patronize small businesses, the 2015 event in Downtown saw close to two dozen locally-owned shops and restaurants participate with deals offered exclusively on Small Business Saturday.

New to Downtown this year was Handmade at The Hollow, a vendor event coordinated by Louis Bannister, proprietor of The Enchanted Florist of Albany and BID Board Member, and hosted

by The Hollow Bar + Kitchen. With over a dozen locally- and regionally-based artisans selling homemade pastries, jewelry, paintings, photography, and more, the event drew over 400 people thanks to social media and word of mouth promotion.

Bringing people of all ages to Downtown, customers included those who came out to shop small in our District for the first time, and who sought to take advantage of deals at retailers and restaurants they frequent.

Thanks to recognition brought about by local promotion and the national event, local small businesses noted a vast increase in business over last year’s Small Business Saturday, including one shop reporting doubling sales and another reporting a 30% increase in cash sales.

Stacks Espresso Bar employees talk with customers during the Handmade at The Hollow event.

GET ‘EM WHILE THEY LAST The Downtown Albany map was in hot demand this year. Have you seen it yet? Beside a beautiful layout of the BID footprint, restaurants, entertainment, retailers, parking and even bus stops were included to assist those working, living and visiting have a better grasp of what is available in the Downtown arena.

You can find it in various retailers around Downtown or online at downtownalbany.org.

3

DOWNTOWN EVENTS

fun in downtown Food Trucks Galore

Framing Downtown’s Architecture

Starting last May, the Downtown Albany BID hosted Fork in the Road food truck events in conjunction with 1st Friday Albany.

The event, which featured food trucks, vendors, and live music in Tricentennial Park drew hundreds of people – including young families, empty nesters, dogs, and everyone in between – to each event.

You might have noticed some giant red frames around Downtown over the summer with people (and dogs, and horses) posing in them. #captureALB also marked the rebranding of Sculpture in the Streets to underscore the exhibit’s focus on placemaking. By capitalizing on Downtown’s assets, the objective is to encourage the reimagination of public spaces in the heart of the District.

With the goal of attracting people to Downtown to engage with the District in a new way, the event was developed as a family-friendly event set against the backdrop of Downtown’s history and architecture.

Consisting of 10 life-sized frames throughout the District, the exhibit drew hundreds of posts across various social media platforms using the hashtag. By utilizing the frames, the concept played off of the selfie trend and was aimed at inspiring individuals and groups to fall in love with Albany’s urban environment by sharing their perspective and stories portraying family, friends, and Downtown moments in an interesting way.

“Fork in the Road affords the amalgamation of District residents, employees, and visitors the opportunity to embrace Downtown in a fun way folks relaxed in Tricentennial Park with their food, evening with a stop in neighboring Albany Center Gallery and other 1st Friday Albany participants, and a drink at one of our many Downtown pubs,” said Georgette Steffens, executive director of the Downtown Albany BID. “With 20,000 Downtown employees and a growing residential population, events like these work to inspire engagement with our District and all it offers.”

“With so much to love about downtown Albany, #captureALB is centered around the idea that each employee, resident, and visitor should capture and share the time they enjoy in our District. By doing so, their affection for Downtown will be a catalyst for others to picture themselves here,” says Georgette Steffens, executive director of the Downtown Albany BID. To see photos that community members shared, search for #captureALB on social media, or visit the #captureALB album on the DowntownAlbanyBID Facebook page. For more information on the exhibit, visit downtownalbany.org.

downtownalbany.org

DOWNTOWN EVENTS

the spear-it of downtown Pickle(d) Perfection Achieved In October the Downtown Albany Food Fight returned, this time focusing on pickles and pickle(d) ingredients. With 17 eateries participating, approximately 1,000 people took to the streets of our District to sample everything from cucumber salad to pickled veal tongue.

An event launched in 2014 by the BID, the Food Fight adds vibrancy to the streets and shows off the quickly changing landscape that has recently welcomed hundreds of new residents in addition to the growing employee and visitor populations.

The first event, Food Fight | Meatball Edition, drew people of all generations. This year’s event, Food Fight | Pickle(d) Edition, saw a similar outcome.

The idea to incorporate pickles was part of a collaborative decision utilizing an internal committee made up of Downtown Stakeholders and a public survey hosted by the Table Hopping blog. Judged by Kelly Hillis, proprietor of Greenwich-based Puckers Gourmet Pickles, the event also played off the rising popularity of Americans preferring to make their own fresh foods.

“It was a brine of the times in downtown Albany this fall as the Food Fight drew large crowds to the streets of our District with this pickle-centered event that gives chefs a unique way to show off their culinary creativity,” Georgette Steffens, executive director of the BID, said after the event. “The ability to introduce, or reintroduce, Downtown to people is instrumental in spreading the word about development and people behind our vibrancy.

As Albany’s newest neighborhood, we are continually welcoming residents, employees, and visitors to an area that boasts a 97 percent residential occupancy rate, and has welcomed 15 new retailers so far this year alone.”

The 17 business that participated during the event were: Aji Steak Stone & Sushi, Ama Cocina, The Barrel Saloon & Texas BBQ, The Capital Eatery & Lounge, Charter (Hilton Albany), Cider Belly Doughnuts, Dali Mamma, Dawn’s Victory Sports Café, The Hollow Bar + Kitchen, Jack’s Oyster House, Maurice’s Pearl Street Delicatessen, The Merry Monk, Olde English Pub, Pearl Street Pub, Public House 42, Yono’s | dp’s American Brasserie.

Food Fight | Pickle(d) Edition Winners: n “ You are the Bread to My Butter Pickle Award” (Best Use of a Cucumber Pickle): dp An American Brasserie | Yono’s | Chef Steve Kerzner for Crispy Pickled Croquette n “Your Downtown Dill is a Thrill Award” (Best Use of a Pickled Ingredient): Ama Cocina | Chef James Frese for Spicy Pickled Golden Beets n “You Can Pickle That Award” (Most Creative Use of a Pickle or Pickle(d) Ingredient): tie between Charter (Hilton) | Chef Anthony Verni for Goat Cheese Pannacotta with Pickled Beets and Pistachio and Jack’s Oyster House | Chef Larry Schepici for Veal Osso Bucco Pierogie with Pickled Veal Tongue, Pickled Root Vegetables, and Braised Veal Sauce n The public was also invited to participate in the Spear-It Award (People’s Choice). The winner was dp An American Brasserie | Yono’s. Second place went to Ama Cocina, and third place was a tie between The Capital American Eatery & Lounge and Jack’s Oyster House

5

DOWNTOWN LIVING

Visitors look around the Steuben Place Apartments during the residential open house.

look up: Downtown Residential is on the Rise Over 250 people joined the BID on Friday, August 7 for our Residential Open House during which the public was invited to step inside eight residential properties within the District and experience living Downtown. Participating residential properties included: 17 Chapel (17 Chapel Street), 23 North Pearl Street, The Arcade Apartments (488 Broadway), The Argus Apartments (412 Broadway), Beaver Lofts (83 Beaver Street), The Meginniss Flats (370 Broadway), Park Place at 60 State (60 State Street), and Steuben Place Apartments (40 Steuben Place).

“We are in the midst of a renaissance with Downtown residential occupancy rates of over 97 percent, and over half of the properties reporting waiting lists,” said Georgette Steffens, executive director of the Downtown Albany BID. “Pair that with new projects leasing units before construction is complete and you see the nationwide trend for urban living being exemplified in our District.”

Over the course of the last 10 years, $30 million has been invested in residential conversions within the District; by contrast, and separate from the $30 million, in just the past 12 months there has been $20 million in residential conversion investment. This year alone, 139 units will come online within the District or directly adjacent with another 115 currently under construction.

“With each completed residential project, we continue to unleash the potential of the Downtown, a driver for jobs and opportunity in the City.”

Special thanks to Kinderhook Bank for joining the BID as the presenting sponsor for the Residential Open House. “Kinderhook Bank is committed and invested in Albany with our new branch at 39 North Pearl Street and with the financing of several Downtown properties,” says chief executive officer John A. Balli. “We’re very excited to be participating in the continued growth of downtown Albany.”

All of these projects are directly and indirectly raising property values and the City’s tax base. Converted buildings, on average, are experiencing a 335% increase in value. In 2015 the reuse of vacant Class C commercial space significantly contributed to the 2% decrease in vacancy rate in the central business district. To date Downtown has welcomed 15 new retailers, up 20% over all of last year. These residential conversion projects are breathing new life into our Capital City.

Downtown Residential by the Numbers:

“This is further proof that Downtown is Albany’s newest neighborhood, a place with a growing variety of places to live as well as business owners who are working to provide goods and services for new residents,” said Albany Mayor Kathy Sheehan.

n 2% decrease in commercial vacancy rate

downtownalbany.org

n $20 million invested in residential conversions in the last 12 months n 335% average property value increase n 20% increase in new retail

DOWNTOWN LIVING

Available Living Spaces In the past four months 100 residential units came online in Downtown, which is great news for our Capital City. Below you’ll find current availability; for a complete listing of residential projects in Downtown, visit downtownalbany.org.

83 Beaver Street | Beaver Lofts n Available 1 unit n 1,100 SF n Bedrooms 2 n Bathrooms 2 Price: $1,700 Amenities: Washer & dryer, central AC/heating. Fully furnished with all high end Lazzoni furniture and include two queen size beds, dining room table, study table/chair, sofa that opens into a full bed, coffee table, tv with tv stand along with all linens, towels and even plate ware/utensils. Includes high speed internet, cable, water and trash. Tenant is responsible for gas (heat/cooking) and electric.

Contact: Daniel Oh | 518.400.0327 412 Broadway | The Argus Apartments n Available 1 unit n 1,122 SF n Bedrooms 2 n Bathrooms 2 Price $1,585 Amenities: On-site parking, in unit washer/dryer, stainless steel appliances, granite counters, maple cabinets, central heating and air conditioning. Elevator access.

Contact: Stefanie@casshilldevelopment.com 488 Broadway | The Arcade Apartments n Available 60 units n 560 SF to 760 SF n Bedrooms 1-2 n Bathrooms 1 Price: $1,025 - $2,025 Amenities: One of the newest renovations in Downtown, this historic building will house 60 studio and one bedroom apartments. Central A/C, hardwood and tile flooring, washer/dryer hook-ups, laundry room and workout space onsite and granite counters.

Contact: 518.512.3693 522 – 524 Broadway | Penta on Broadway n Available 1 unit n 1,040 SF n Bedrooms 2 n Bathrooms 2 Price: $1,675 Amenities: Luxury lofts on Broadway. Granite countertops, hardwood floors, updated appliances. Fitness room, coin op laundry and shared deck space. Off-street parking available. Pets ok.

Contact: 518.346.8600 733 Broadway | The Lofts at 733 n Available 29 units n 880 – 1,325 SF n Bedrooms 1-2 n Bathrooms 1-2 Price: $1,275 - $1,900 Nestled between the heart of Downtown and the vibrant Warehouse District, these new apartments offer off-street parking, stainless steel appliances, exceptional closet space, multiple floor plans, washer/dryer, wifi and cable included. Pets welcomed Contact: 518.431.1051 17 Chapel n FOR SALE |The Grand Hudsonview Penthouse n 2,165 SF n Bedrooms 2 n Bathrooms 2 Price $895,000 Amenities: Ultra luxurious amenities not found in any other condo in Albany. The gourmet kitchen is the centerpiece of the unit which opens to the grand living and dining areas offering sweeping views of beautiful Downtown. Expansive master suite with double walk-in closets and a spa inspired master bath. Fully integrated sound and entertainment system.

Contact: Samuel Critton | 518.421.8462

17 Chapel n FOR RENT | 1 unit available n 1,590 SF n Bedrooms 2 n Bathrooms 2 Price: $3,000 Amenities: Condo on the 6th floor comes with 2 parking spaces, one storage unit.

Contact: Kathleen Sullivan | 518.858.8403 35 Maiden Lane n Available 2 units (in 2016) n 850 – 1,100 SF n Bedrooms 1 n Bathrooms 1 Price: $1,300 - $1,600 Amenities: Recently renovated apartments on historic cobblestone Maiden Lane. Granite countertops, hardwood floors, washer/dryer, stainless steel appliances, central air, pre-wired for internet.

Storage available. Larger unit also has an office that could be used as a second bedroom.

Contact: Steve Moutopoulis | 518.210.7335 49 Sheridan Ave | The Monroe Apartments n Available 3 units n 1,300 – 1,400 SF n Bedrooms 2 n Bathrooms 2 Price: $1,785 - $2,335 Amenities: On-site parking, cable internet included, in unit washer/ dryer, stainless steel appliances, granite counters, central heating and air conditioning, elevator access, fitness center and balcony.

Contact: Stefanie@casshilldevelopment.com 60 State Street | Park Place at 60 State n Available 1 unit n 1,182 SF n Bedrooms 1 n Bathrooms 2 Price: $1,750 (Unit available January 1, 2016) Amenities: Luxurious finishes and high ceilings. Hardwood floors, frameless shower doors, stainless steel appliances, California closets, floor to ceiling tile all bathrooms. Parking options available.

Contact: Tammy Fredenburg | 518.462.7411 x16 140 State Street | The Berkshire Available 4 units n 1,100 SF n Bedrooms 1 n Bathrooms 1 Price $2,600-$3,000 Amenities: Private elevator to floor, 24-hour keyless security access systems, private parking garage with reserved parking, all new construction behind historic 1902 Berkshire Hotel Façade, just steps away from the local and New York State government, Times Union Center, Hudson River Park, The Egg, and future Albany Capital Center.

Contact: Brandon Stabler | 518.862.9133 x4520 40 Steuben Place | Steuben Place Apartments n Available 14 units n 836 – 1,183 SF n Bedrooms: 1-2 n Bathrooms: 1-2 Price: starting at $1,280 – $1,900 Amenities: Hardwood throughout, full size washer/dryer, granite counter tops, stainless appliances, disposal, icemaker, dishwasher, microwave, gas stove, tile bath, dedicated storage unit, fitness center on premises, off street parking, basic cable and internet.

Contact: Lisa Aronowitz | 518.650.4500

7

LIVING DOWNTOWN

Steuben Place Apartments

a growing trend

The Lofts at 733 Broadway

The addition of Steuben Place Apartments and The Lofts at 733 Broadway mark some of the newest units in Downtown, but more than that they are also indicative of the growing trend that sees developers seeking properties to redevelop into highly sought after residential units.

Steuben Place Apartments

The Lofts at 733 Broadway

In downtown Albany, the Steuben Place Apartments mark the continuation of growth in the residential market; for Omni Development Company the $4.9 million conversion from vacant Class C office property into 29 one- and two-bedroom apartments is their first foray into market-rate residential.

For Norstar Development, The Lofts at 733 Broadway was a project 10 years in the making. Well worth the wait though, as this fall the market-rate units were unveiled by the company that has historically owned affordable housing properties in the Albany market. Why the change? The company saw the growing Downtown market and recognized it was the right time. After an investment of $5 million and assistance from the Albany IDA, Norstar transformed a 45,000-square-foot, three-story building into 29 one- and two-bedroom units with ground floor retail space.

Featuring 11’ ceilings and spacious living area, custom California Closets, fully-equipped modern kitchen, original wood trim and wainscoting hardwood floors, large windows, and passenger and freight elevators, units range in price from $950 to $1,900 and include parking, high-speed internet, wifi, cable, dedicated storage space, and an on-site 24-hour fitness center.

Showings are ongoing, with units now available for occupancy. To schedule an appointment, contact Lisa Aronowitz at 518.650.4500 or email info@steubenplaceapartments.com.

Ranging in size from 880 to 1,325 square feet, units are priced $1,275 to $1,900 with washer and dryer, cable, internet, one parking spot per unit, and access to a fitness room included.

Rent at the pet-friendly property includes one on-site, off-street parking space per unit, with the option to rent additional spaces.

Leasing is currently underway. To schedule a showing, call, 518.431.1051.

Learn more about the Steuben Place Apartments, The Lofts at 733 Broadway, and all other residential properties in the Downtown Albany BID District, visit downtownalbany.org.

Be in the Know Find out what’s going on in the District by following us on Facebook (AlbanyBID), Twitter (@AlbanyBID), Instagram (@downtownalbany) and signing up for our weekly e-newsletter Links (http://bit.ly/ LinksSubscribe). downtownalbany.org

DOWNTOWN BUSINESSES

The ribbon cutting for Capitol Melts Grilled Cheese Café.

welcome to downtown From business owners expanding to serve a growing residential base to new retailers opening in Downtown, our District has seen a lot of movement in the last few months. Information on businesses on the move can be found on the next few pages; for more information on these, or any other businesses in the Downtown Albany BID, visit downtownalbany.org.

Sushi Anyone?

This year we welcomed an upscale Asian restaurant to our culinary spectrum as Aji Steak Stone & Sushi opened just steps away from the Times Union Center.

Translating to “taste”, the name Aji pays homage to the eatery that was previously operated in the space. Owners Ivy and Kevin Chen were inspired to open the restaurant in Downtown after seeing the opportunity to bring Japanese cuisine to the District; the 30 S Pearl location was chosen because of the beautiful restaurant and bar space, and the proximity to one of the area’s world-class entertainment and sport venues.

Far beyond sushi, Aji also serves steakstone entrees, which is a hot stone brought to diners’ tables allowing them to cook their food bite by bite.

“Our hope is that people will be inspired to relax and treat themselves to a new, fresh way of dining out,” explained Kevin Chen. “While we are quite excited to bring sushi to Downtown, the steakstone is very unique and brings out the original flavor and deliciousness of the food it’s being cooked on. Every single bite is hot, juicy and cooked exactly the way you want it.”

30 S Pearl Street (main entrance at 45 Beaver Street) | 518.650.8766

New Amenity This summer a longstanding business expanded to meet the needs of a growing customer base. Coulson’s News & Deli, which has been operating for over 100 years, added a deli counter in response to an increase in Downtown residents, employees, and visitors.

The deli counter, which serves sliced meat, subs, and sandwiches, adds one more element to the retailer that also offers healthy

grab and go items including fresh fruits and vegetables, eggs, yogurt, and more.

Owner Richard Metzger is working to ensure that a stop on the way home – whether that’s in Downtown or not – is more convenient.

“For the growing number of Downtown residents, and those who need to pick up a few items on their way home, my goal is for Coulson’s News & Deli to have anything needed to prepare dinner,” says Metzger. “The reaction to the changes I’ve made so far, including beer on tap and soft serve ice cream, have been phenomenal, and my expectation is that will remain true as we continue to add items and amenities.”

420 Broadway | 518.449.7577

Glazed Donut Slider, Anyone?

Downtown got a little bit cheesier this year – in the best possible way. In June, we welcomed Capitol Melts Grilled Cheese Café to Wellington Row. Owner Robert Haggerty has long wanted to open in Downtown, so much so that he took the State Street space – which he found on the BID website – before renovations of the building were even complete.

Serving breakfast and lunch Monday through Friday, Capitol Melts serves up a twist on the classic sandwich with over a dozen unique varieties including Maple Sunrise, Glazed Donut Sliders, Mac & Cheese, and Wingless Buffalo. Coffee, desserts, and salads are also available. Haggerty says the reception has been “unbelievable,” and that in the first month alone over 2,000 grilled cheese sandwiches were served.

136 State Street | 518.487.4816 | capitolmelts.com 9

DOWNTOWN BUSINESSES

The Excelsior Pub owner Jason Bowers stands behind the taps which feature beverages made in New York.

Mamma’s Bigger Than Ever

Other Businesses & Individuals Who Recently Opened in Downtown: nA ssociation for Energy Affordability | 11 N Pearl Street n Empire Accelerator | 418 Broadway | Albany BEAHIVE nF rontiers for Young Minds | 418 Broadway | Albany BEAHIVE nG DA Real Estate Services | 418 Broadway | Albany BEAHIVE nH ogan & Horwitz Law Group | 418 Broadway | Albany BEAHIVE n New Ed | 418 Broadway | Albany BEAHIVE n Roland Guilz | 11 N Pearl Street nS alas O’Brien Architects | 418 Broadway | Albany BEAHIVE nS tamats Educational Services | 90 State Street Executive Suites n Success on Deck | 418 Broadway | Albany BEAHIVE nT onio Burgos & Associates | 90 State Street Executive Suites

You could call it big Mamma’s house, but in reality it’s Dali Mamma in a much bigger location.

The farm to fork café opened in a new space (41 State Street) that tripled the amount of space they had in the previous Maiden Lane location, a move that allows them to interact with their customers beyond the menu including recycling education.

“Our day-to-day operation allows us to engage with the customer even at the end of the client transaction, when throwing away their trash. We deconstruct the concept of simple garbage and offer a moment for the customer to think and place their items into bins for compost, recycle and landfill. Beyond the counter, we go as far as recycling film plastics like saran wrap, coffee bags and potato chip bags,” said Dali Mamma COO Renee Panetta.

Featuring breakfast and lunch, customers are encouraged to create their own items. The menu serves as a guide, and thus does not limit selections. From vegetarian, vegan and gluten-free to paleo, soy-free and meat eaters, Dali Mamma boasts the ability to accommodate any diet from a fresh and locally-sourced practice.

41 State Street | 518.443.2233

An Ally in Downtown Think of them as your personal financial ally, not just a financial advisor. That’s Dutch Asset Corporation for you.

Supporting individual, joint, trust, traditional, Roth and SEP IRA accounts, the company was founded to be able to offer advice that’s truly in the best interest of clients, without restrictions or limitations on investment selection, strategic partners, or the advice provided.

11 N Pearl Street | Suite 1405 | 518.478.8077

All About New York Whether you love supporting local breweries, crave some Beef On Weck, or simply want to try out one of Downtown’s new watering holes, stop by The Excelsior Pub. For the love of all things Empire

downtownalbany.org

DOWNTOWN BUSINESSES

The ribbon is cut during the grand opening celebration at Jubilee Jewelers.

Learn more on page 9.

State, you’ll find beverages from Nine Pin Cider, Druthers, C.H. Evans, and lesser known breweries to which owner Jason Bowers loves introducing people.

The state-centric pub isn’t just focused on the drinks though.

Order up some New York State classics Sabrett’s or Coney hot dogs, buffalo wings, and more. (Coming soon: Garbage Plates and Spiedies.)

With customers coming in from the region to get a taste of what they miss from back home, you’re invited to stop in and share your own memories with the staff – and to create some new ones.

‘Choices’ for a Reason Albany City Hall has a new café, and while you’ll find a menu to peruse, it’s more of a guideline than anything else. At Sabrina’s Choices, owner Sabrina Perkins Young encourages you to build your own delicious meal.

Of course, you’re always welcome to order off the menu too.

Serving up breakfast and lunch Monday through Friday, there’s a different special each day of the week and mainstays like soup, hamburgers, hotdogs, breakfast sandwiches, and more.

54 Philip Street | 518.462.0690

Fun fact: Perkins Young told us she cooks up 6 pounds of bacon each morning to serve her customers.

For All Those Shiny Things

24 Eagle Street | City Hall basement | 518.858.9693

This summer Downtown welcomed a new store, Jubilee Jewelers, to our growing neighborhood. Owner Amos Kim has been a jeweler for decades, and after purchasing the building at 52 S Pearl Street, he decided to double down on his investment and relocate his store to the building’s first floor.

Play That Tune

Located directly across from the Times Union Center, Kim sells jewelry but also puts his 25 years of experience to work on engraving services, creating custom pieces, and repairing jewelry, watches, and eyeglasses.

52 S Pearl Street | 518.434.3336

Saati Deli & Catering

Why go rogue when you can go Brogue? Now open in Downtown is The Piper’s Dojo, where they are about far more than just bagpipes and supplies – they want to help make the instrument an extension of your life.

Founded in 2008, the business is dedicated to furthering the bagpipes through great supplies and education to all customers.

Full service from retailer to uniforms to classes including Dojo University, it’s a one-stop shop. For more information, they can be found on Facebook, Twitter, and YouTube.

11 N Pearl Street | Suite 1407 | 518.452.4988

A popular eatery in the region has expanded into Downtown, and the owner says reception has been great.

If you’re looking for a quick, delicious breakfast or lunch, you can now head to Saati Deli & Catering. Owner Noam Saati, who also operates a deli in Latham, says as soon as he put a sign in the window - weeks prior to opening in Downtown - people were excited for the addition. Menu options include omelets, pancakes, breakfast sandwiches, soups, salads, hummus, and more. The full menu can be seen at downtownalbany.org.

518 Broadway | 518.465.3050

Bring Your Business to Downtown Albany Want to benefit from Downtown’s growth by opening a business here?

Visit downtownalbany.org to see a list of available properties.

11

DOWNTOWN’S FUTURE

looking ahead Impact Downtown Albany What started out in 2011 as a series of Downtown Stakeholder meetings hosted by Capitalize Albany Corporation and the BID quickly turned into the recently released action-oriented strategy tapping Downtown’s power to drive community and economic growth in the City of Albany and the Capital Region.

Impact Downtown Albany is a market-driven strategic plan recognizing and positioning Downtown, its adjacent warehouse district and riverfront as the ideal 21st Century urban center—a strong economic hub, a vibrant neighborhood and a modern, dynamic destination.

Impact Downtown Albany, which was also utilized in the creation of the Capital 20.20 plan for the Upstate Revitalization Initiative application, is already yielding results. Over $40 million of development has been completed in the past two years, with another $170 million currently under construction and another $100 million in the pipeline. These projects are creating construction and full time jobs, bringing hundreds of residents and thousands of visitors to our Capital City.

A full copy of the Impact Downtown Albany Playbook can be found at capitalizealbany.com/strategies/impact-downtown-albany/.

Revitalizing Upstate New York In April 2015 Governor Andrew M. Cuomo announced the Upstate Revitalization Initiative (URI)—a transformative economic development opportunity unlike any New York has seen. Seven Upstate regions were challenged to develop a transformational economic development strategy driven by data and shaped by the community to compete for three, one-time, $500 million economic development investments from the State of New York. The Capital 20.20 does just that by providing a blueprint for job growth backed by private sector investment.

The Capital Region’s five URI strategies emerged from the intersection of our greatest assets and greatest needs—where and how we can leverage our core strengths to drive growth in our eight counties and beyond. They are: Next-Tech: Capturing our next growth horizons; Gateway: Connecting markets and businesses; Talent: Building the workforce of today and tomorrow; Lift-off: Accelerating ideas, entrepreneurs, and businesses; and Metro: Building vibrant cities for businesses and families.

The BID commends the Upstate Revitalization Advisory Council on its inclusion of a focused downtown agenda. The Capital 20.20 plan specifically recognizes that smart urban investments are essential to the economic development, health and vibrancy of our region. The BID was pleased to participate in the Capital Region’s Upstate Revitalization Initiative application as both a contributor of projects and needs, as well as a sponsor of the application.

URI awards are anticipated to be made in mid-December. The full plan can found at capital2020.biz.

Thank You to Our Sponsors Whether DAY Life or NIGHT Life, downtown Albany is the GOOD Life. Thank you to our wonderful 2015 sponsors for making Downtown a vibrant place to work, live and play.

Annual Meeting Sponsors n BBL Construction Services n BBL Hospitality n Capital Bank n CDTA n Columbia Development Companies n Gordon Companies n Hodgson Russ LLP n Sixty State Place n Aeon Nexus Corporation n Berkshire Bank Special Thanks: Ama Cocina, Café Capriccio, The Hollow Bar + Kitchen, Jack’s Oyster House, Mazzone Hospitality, Taste,

downtownalbany.org

Yono’s | dp An American Brasserie #captureALBSponsors n Albany County Convention & Visitors Bureau n A.R. Wynnykiw DDS n Capitalize Albany Corporation n Columbia Development Companies n Gordon Companies n Hilton Albany n KeyBank n NAI Platform n The Palace Theatre n Stewart’s Shops

n The Swyer Companies Special Thanks: Broadway Plaza Liquors, C.H. Evans Brewing Company, The City of Albany, The Enchanted Florist, inVision Studios, Mazzone Hospitality, the Times Union Center, Total Events, LLC FOOD FIGHT | Pickle(d) Edition n Upside Collective Residential Open House Sponsor n Kinderhook Bank

Fork in the Road Sponsor n Hampton Inn & Suites n State University of New York Special Thanks: Albany County Department of Health, Albany County Executive Office, Albany Parking Authority, and the Times Union Center Downtown Albany Small Business Saturday n B. Lodge & Company Special Thanks: Louis Bannister

AROUND THE BID

enhancing the district Quality of Life Reporting quality of life issues is one of the main components of a vibrant and safe Downtown. Damaged sidewalks, curbs, signs, pot holes and graffiti, are just a few of the issues that can have a negative impact on our Capital City. Through routine canvassing of the District and information provided by the Clean Team on a daily basis, the Operations Manager is able to report these quality of life concerns to the proper City department so that they can be addressed in a timely manner. Thank you to the City for this important facet to our partnership.

BEFORE

Since March, the following issues were reported directly by the BID and remedied by their corresponding departments: n 29 instances of graffiti n 26 trash related issues n 14 street and pothole repairs n 14 sidewalk and curb repairs n 5 tree issues n 1 code violation

AFTER

Due to the changing needs of the District during the warm and cold months, the BID has established two separate schedules that better coincide with the weather conditions. The Clean Team will clock in 128 man hours per week during the late spring, summer, and fall months, and 90 hours per week during the winter months when there is far less litter and debris within the District.

BEFORE

Flowering Program Beautification efforts have a tremendous positive impact on downtown Albany. The BID’s annual hanging flower basket program is one such initiative. Each season, the BID purchases over 250 hanging flower baskets from a local contracted grower and installs them on light poles along Downtown streets.

In addition to the hanging baskets, 60 trays of additional plants and flowers are planted throughout the district in large decorative sidewalk planters. These beautiful flowers and plants are maintained and watered seven days a week throughout the summer and provide another level of pop to the vibrancy of Downtown.

AFTER

Now Playing Holiday lights and decorations are now up, and if you’re walking around State Street you’ll hear holiday music playing. Be on the lookout for these and other improvements in our District.

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A SOCIAL DOWNTOWN

BID executive director Georgette Steffens being interviewed on 90.9FM, a SUNY Albany-based radio station.

Host Martin Robinson interviewed Georgette about the Downtown Albany Restaurant Week.

The Downtown Albany BID has been busy – getting the word out on all things Downtown, speaking alongside our partners and leading the way to further investment and development.

A young man sits at a Play Me, I’m Yours piano located outside McGeary’s Irish Pub in Clinton Square. The piano, which was part of the 2014 Sculpture in the Streets program, now has a permanent home in Downtown thanks to the pub’s owner, Tess Collins.

Over the summer, dozens of people visited Albany’s South End to participate in a guided historical walking tour.

People gather for lunch in Tricentennial Park on a beautiful summer day.

A mounted Albany Police Officer takes a short break in the shade during a hot summer day to let his horse cool down a bit.

The Downtown Albany Farmers Market, held in SUNY Plaza each Thursday, drew big crowds this spring and summer. In the cooler months, the market moves inside the plaza located at Broadway & State Street.

Anyone up for a ride? We caught these cyclists on Broadway as they were about to head up State Street.

Thanks to grant funding, The BID was able to partner with B. Lodge & Company to have reusable Downtown Albany Farmers Market tote bags created. They were a big hit at the market!

Following a meeting at Upside Collective in Downtown, we couldn’t help but try out one of the fun chairs in their office.

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Looking to relocate your business to the heart of UitM Ball? Look no further than downtown IA Albany. Whatever your specifications are, we have the space that can work for you. From historical buildings with modern amenities to high rise buildings 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.

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121 State Street, 8,570 square feet of Class “A” Office Space, convenient location, 200 yards from Capitol, Courts and Government Offices. (Parking garage LTO N by). High speed fiber optic available HA M I close for internet and telephones available.

Full kitchen and mail/file room. Large conference room andP executive office.

R UYN Paul Chevalier Hinman Straub 518.689.7265 pchevalier@hinmanstraub.com

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100 State Street, Large office suites.

Renovations are taking place throughout property and pricing is competitive.

Please call to inquire. Will build out to suit any business need.

Melissa Martino Heights Real Estate 646.572.6473 mmartino@heightsre.com Y

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677 Broadway, 2,953L SF (2nd floor), ST AN 8,454 SF (6th floor), 12,438 SF (7th floor) H O W AT C AS E AR 153 and 5,105 SF (12th floor) available in D S Pearl Street, 300 – 5,000 SF TE R dividable retail space located in a historic this landmark 12 story building, loaded building, just south of the high volume with energy efficient state-of-the-art intersection of Madison Avenue and South professional office space with Downtown’s Pearl Street. Additionally, there is open most prestigious address. 24/7 security space on the 4th floor of the building that and property management services, could be shared with the currentNtenant. redundant fiber-optic and uninterruptable B EA OR R Call to discuss.V EOn-site and off-site TO N electric safeguards, HID security access, parking available. Negotiable lease rates. high-speed elevators, unique heated Gallagher & Company sidewalks to name just a few of the 518.432.9705 amenities this property has to offer. gcorealty@capital.net Rudy Lynch Carrow Real Estate 41 State Street, The most convenient and 518.337.3705 easy to find professional office space rudy@carrowrealestate.com H U Din SO the heart of it all, with parking! OfferingN flexible options from single Executive 22 Clinton Avenue, 16,000 SF three Offices to 15,500 SF/floor (the top 2 storyMoffice building available forH Asale in AD MI IS LT O premium floors are available!) Dwith downtown O Albany. Current set up is 1st IV I S I O N N N complimentary space planning to floor restaurant (formerly Brown Derby), customize your new office. Building 2nd floor banquet area and 3rd floor office amenities include: garage, full service space. Includes on-site parking for 15+ V A N Z AN salon, retail banking, restaurant, on-site cars in the heart of the Entertainment DT management team, and unparalleled District in downtown Albany. views of the Hudson Valley and the John MacAffer Capital City.

CBRE Karen Laberge 518.452.2700 x111 Albany Management john.macaffer@cbre-albany.com Wi 518.458.7113M A D I S O lb u N klaberge@albanymanagement.com 61 Columbiar Street, 1,200 SF available immediately. This office can be built to suit. Located a few blocks from federal and BL EE state court houses in downtown Albany, KE R and one block from Kiernan Plaza, the HE RK I ME space featured central HVAC, fully wired R

90 State Street, 1,845 SF 6th Floor Corner Office Suite. Space includes reception area, conference room and office space MA IDE within N suite. Highly desirable office location in the heart of Albany’s business HU district. Building amenities D S O include R I V sandwich discounted parking, coffeeNand ER WA Y shops, daycare, conference room and day office rentals as well as onsite storage space.

Denise Williams Harmony Group Capital LLC 518.744.5364 dwilliams@harmony-group.com

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G 52 S Pearl Street, 3,200 SF of third-floor space that overlooks the Times Union Center atrium. Complete with kitchen and bathrooms, the mix-used space can be subdivided to fit your business needs.

Amos Kim 518.434.3336 myhomeeden@gmail.com

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80 State Street, 3,300-6,200 (2nd floor) CO LU M and 3,400-10,000 (11th floor) available in B A the heart Iof Downtown. Lobby, restroom, and elevators have recently been remodeled. 24/7 access and 24/7 security.

Janet Kaplan 80 State Street LLC 518.482.8986 S T E U BE N jkaplan@stuyvesantplaza.com

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James Linnan Linnan & Fallon LLP PIN E 518.449.5400 lawinfo@linnan-fallon.com C

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412 Broadway, 3 retail/office spaces available (2,852 SF, 2,004 SF and 1,381 SF – last two spaces can be combined to 3,385 SF). Off-street parking available in rear lot and Hudson Garage. Owner to provide vanilla box. 32 beautiful residential apartments just completed upstairs.

Located across from SUNY Plaza – the new farmer’s market location.

Tracy Metzger TL Metzger and Associates, LLC 518.426.5211 x103 tracy@TLMetzger.com

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Non-Profit Org.U.S. PAID Albany, NY Permit #1046 21 Lodge Street | 1st Floor | Albany, NY 12207 T: 518.465.2143 | F: 518.465.0139 downtownalbany.org

@albanybid facebook.com/albanybid instagram.com/downtownalbany youtube.com/downtownalbanyNY

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

BOARD OF DIRECTORS Executive Committee Brad Rosenstein, Chairperson Jack’s Oyster House Richard Rosen, Vice Chairperson Columbia Development Companies Michael Gulotty, Treasurer Vista Host, Inc. James Hart, Secretary Merrill Lynch Wealth Management

Board Members Mark Aronowitz, Omni Development Company, Inc. Louis Bannister, The Enchanted Florist Holly Brown, Palace Theatre Stephen M. Cleary, Hinman Straub P.C. Brendan Cox, Albany Police Chief John Evers, Office of the Albany County Executive Daniel Fariello, Capital Bank Jeffrey Gordon, The Gordon Companies Karen Laberge, Albany Management

During May’s Downtown Albany BID Annual Meeting, the 2015 James M. DiNapoli Award was given to Joseph R. Nicolla, President and Founder of Columbia Development Companies. Shown here, from left, are Albany Mayor Kathy Sheehan, Jeffrey DiNapoli, Christine DiNapoli, Joseph Nicolla, Jessica Nicolla, BID Board Chair and Jack’s Oyster House Owner Brad Rosenstein, and BID Executive Director Georgette Steffens.

James Linnan, Linnan & Fallon, LLP Hon. Daniel P. McCoy, Albany County Executive Hon. Carolyn McLaughlin, Common Council Felton McLaughlin, NAI Platform Dominick Purnomo, Yono’s/dp’s

FALL / WINTER 2015 | ISSUE 2

Hon. Darius Shahinfar, Treasurer, City of Albany Hon. Kathy M. Sheehan, Mayor, City of Albany Mark Yonally, B. Lodge & Company

STAFF Georgette Steffens, Executive Director Rebecca Haizmann, Communications Coordinator

digest

Don Wilson, Operations Manager

downtownalbany.org