albany digest

in this issue...

page 3-5 DABID News & Development

page 7-9 Downtown Businesses

page 10-11 Downtown Retail & Services

page 12-13 Downtown Living

page 14 Featured Properties

SUMMER 2014 / ISSUE 2

A publication of the Downtown Albany Business Improvement District

and more...

Downtown Albany BID Executive Director, Georgette Steffens, featured on WNYT’s Forum 13 with Phil Bayly.

DOWNTOWN

GEORGETTE STEFFENS, EXECUTIVE DIRECTOR

What a great time to live, work or visit Downtown. With over $180 million in construction, downtown Albany is THE destination for urban weddings, luxury living, fine dining and world class entertainment.

There are three major residential conversion projects underway that will add 120 units and increase the number of market rate apartments in Downtown by 48%. The impact of our emerging neighborhood is already changing business models and types in Downtown. Rite Aid just invested over half a million dollars extending product offerings as well as their

hours of operation to accommodate the growing residential population. Cider Belly Doughnuts will open at 25 N Pearl Street offering gourmet doughnuts in six flavors and highlighting seasonal ingredients. Soon the Viglucci family, owners of Madison Café, The Point, Junior’s, and others, will be joining our 70+ eateries in Downtown.

Sixty State Place and 90 State Events, majestically restored historic bank buildings in their own right, now host weddings, premiers, fundraisers, and the like. The Palace Theatre unveiled their new digital projector offering Oscar winning movies for just $5. Kanye West performed at the Times Union Center, and Sir Paul McCartney, Justin Timberlake and Bruno Mars are on deck to entertain us later this summer. And at the top of the list of achievements the Albany Symphony Orchestra received a Grammy this year!

All of these great spaces, restaurants, and events are taking place right here in downtown Albany. DAY Life, NIGHT Life, GOOD Life. Live it Downtown.

Sincerely,

Georgette Steffens Executive Director

HONORABLE KATHY M. SHEEHAN, MAYOR CITY OF ALBANY

As we happily welcome Spring here in our City, it is only appropriate to acknowledge the new businesses blossoming in Downtown.

The expansion of housing options in our downtown area has led to new businesses moving into the area and expanding their services to meet the demands of this growing residential population. These businesses, which promote and support the local economy, look to provide important services for residents including; local daycare, laundry/dry-cleaning, entertainment and other in demand retail needs.

These businesses enhance and expand the walkable community that our downtown area seeks to grow. The most recent statistics have shown population growth in our region and a shift in growth across the state toward major population centers. Recognizing this trend, I believe that local businesses will continue to strive to meet the daily needs of an ever growing population and I welcome their presence in our City.

Sincerely,

Hon. Kathy M. Sheehan

Mayor, City of Albany

DABID NEWS

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The Downtown Albany BID Board conducted a strategic planning session in November, 2014. It had been over five years since they had collectively reviewed the mission of the Organization, measured the accomplishments, clarified the role of the BID in the various stages of development for Downtown and renewed the vision for the Organization and its staff.

From the discussions that took place at that meeting the Board shifted priorities moving in the direction of advocacy for the benefit of our Stakeholders. A new advocacy policy was created outlining the process for the Board and staff to advocate for projects or policies that benefit Downtown as a whole, further urban or regional economic development efforts, stimulate more Downtown development, improve the Downtown property tax base, have the potential to attract or retain tenancy, show significant potential to improve the quality of life for the Downtown community, and/or, have the potential to increase healthy Downtown street life and vitality. The new policy can be found on the BID’s website at bit.ly/bidadvocacy

The Board also restructured the BID committees and charged them with identifying two to three brick and mortar, high priority projects and one or two advocacy issues to present to the Board to be moved forward over the course of the next two years. The committees are fashioned after the BID’s tagline: DAY Life, NIGHT Life, GOOD Life, which covers every Stakeholder in Downtown. The Board also created two new committees: the Advocacy Committee and Boundary Committee. Both are comprised of Board members and look strategically at Downtown development, local policies, and the BID boundary and District Plan.

Already these new committees are yielding results whether it is the lighting design project for Tricentennial Park, publically supporting major residential conversion projects with the City of Albany Industrial Development Agency or attracting new retail related services to the District.

Staff was challenged to provide high impact projects, events, and initiatives all while holding the BID assessment tax rate steady in 2014. Hard work, advocacy and partnerships are dominating the BID office with wild success so stay connected to be on the inside track of all that is taking place in Downtown.

Connect with Downtown:

Sign up for the Links E-newsletter at bit.ly/downtownlinks

FaceBook.com/albanybid

Twitter.com/albanybid

Instagram.com/downtownalbany

downtownalbany.org

DABID

direction

The BID Board meets every first Wednesday of the month.

Graphics from the brand image campaign for downtown Albany.

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Ignight your night life. LIVE IT DOWNTOWN

downtownalbany.org

downtownalbany.org

DOWNTOWN DEVELOPMENT

impact downtown albanyImpact Downtown Albany is a first-of-its-kind, fully comprehensive, future-focused plan for Downtown Albany. Its results-driven implementation initiative will act as a guide for local redevelopment and reinvestment meeting the needs of residents, businesses and other stakeholders. During Phase I of the Impact Downtown Albany initiative, Goody Clancy and their team of subconsultants garnered input from key stakeholders and conducted in-depth research to determine existing conditions for the housing, office, and retail/commercial markets. The work done to date helps builds the case for why Downtown Albany makes an attractive business and real estate investment, and what elements need to change in order to make it more competitive. The findings are presented in a three-part State of Downtown Albany Market Series. Each meeting focuses on one of the three aforementioned markets, and the key findings from the existing conditions analysis for that market are presented. March’s meeting focused on the state of housing, and among the materials presented was a robust analysis of the market potential for Downtown housing, as well as the economics needed to support that market potential.

In April and May, the series continued with two additional meetings focusing on the findings for Downtown’s office and retail markets, respectively. In aggregate these findings form the economic, market-based foundation for testing concepts and the developing vision and implementation strategies going forward. From this sound understanding of the market, Capitalize Albany

Corporation and Goody Clancy will begin to determine how to best leverage state programs and assets (e.g. StartUP NY, SUNY College of Nanoscale Science and Engineering) as well as local resources to facilitate public-private partnerships and encourage private investment in Downtown.

Now entering Phase II, Impact Downtown Albany will determine how to move Downtown forward by identifying strategies that catalyze reinvestment. As the outline is developed the overall vision and key deliverables will include; strategies for reducing and removing development economics hurdles; strategies for targeting retail; strategies for making Downtown a more attractive and convenient place to live; and, identification of key partnerships to attract and grow jobs.

For up-to-date news on upcoming events and major announcements from Capitalize Albany Corporation visit capitalizealbany.com | @CapAlbanyCorp | facebook.com/CapitalizeAlbany

We Want to Know

If your business or organization is located in the BID district, email us at info@downtownalbany.org with your news, events and updates.

Goody Clancy representative discusses Downtown residential at the first meeting held at Sixty State Place.

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DABID NEWS

DAY Life CommitteeThe DAY Life Committee brainstorms ideas for high impact projects that relate to Downtown DAY Life, including office and employee retention, retail attraction and more. The Committee will work to determine the best ways to accomplish the decided projects and define the tools and support necessary to do so.

NIGHT Life CommitteeThe NIGHT Life Committee discusses proposals for high impact projects that relate to Downtown NIGHT Life commerce and community with an arts and entertainment focus. Through research and surveys, the Committee will process data and determine how to best complete these goals.

GOOD Life CommitteeThe GOOD Life Committee focuses on determining high impact projects that relate to the GOOD Life in Downtown. This includes enhancing the residential community and general quality of life for all people visiting, working and living Downtown. The Committee will conduct research and plan ways to implement these projects.

BID Stakeholders who are interested in learning more, please contact Marquita Rhodes | 518.465.2143 x11.

Whether DAY Life or NIGHT Life, Downtown Albany is

the GOOD Life. Developed by the Marketing Committee last year, downtown Albany’s campaign tagline inspired the BID Board to restructure the committees that provide ideas in directing the Organization.

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hotography

Communication boards have begun appearing in Downtown office and residential lobbies, educating Stakeholders about exciting development in progress.

DOWNTOWN ALBANY BID

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

Elected officials, business leaders and Downtown stakeholders gather with Mayor Kathy Sheehan at City Hall.

downtownalbany.org

The DAY Life committee discusses quality of life, Downtown parks and business development.

BID Stakeholder Yono and BID partner Dona Federico (WAMC) came out to support

BID Board Member functions.

The BID visits WVCR 88.3 The Saint.

The BID keeps stakeholders, workers and residents in the know alongside media partners at

the Convention Center Authority board meeting.

The Downtown BID talks strategy and logistics with our Central Avenue neighbors.

The BID makes a stop at the Albany-Colonie Chamber of Commerce Dinner.

The BID kicks off 10th Anniversary Downtown Albany Restaurant Week with a meal at V&R.

Georgette Steffens congratulates the Palace Theatre on their new digital projector.

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DOWNTOWN BUSINESSES

n Dali Mamma celebrated its one year anniversary on Maiden Lane in February 2014. The “farm to fork” eatery is committed to effecting change from the ground up offering fresh, seasonal ingredients to Downtown workers and residents.

36 Maiden Lane | 518.443.2233 | dalimamma.com

n dp: An American Brasserie celebrated its eight year anniversary in downtown Albany in March 2014. Dominick Purnomo opened his signature restaurant serving lunch, dinner, happy hour and late night menus in 2006 and has continued to offer outstanding quality and service ever since.

25 Chapel Street | 518.436.3737 | dpbrasserie.com

n La Serre celebrated its 36 year anniversary in downtown Albany on March 10, 2014. Originally opened in 1978 Albany’s greenhouse restaurant has become a quality tradition for lunch, dinner, and private parties.

14 Green Street | 518.463.6056 | laserrealbany.com

Milestones

n Jack’s Oyster House was presented the 2014 Hospitality Excellence Award by the Albany County Convention & Visitors Bureau as they celebrate 101 years in downtown, Albany.

n Claude Long of Hilton Albany was presented the 2014 Outstanding Bellman of the Year Award, sponsored by the New York State Hospitality & Tourism Association. Long has served as a bellman for 15 years and beat out bellman from world-class New York City hotels bringing this honor to Albany for the first time in over a decade. Congrats!

n The Albany Business Review announced the 40 Under Forty Class of 2014 in early March. Congratulations to all, especially our Downtown winners: Edwin Anker of CSArch, Jennifer Boll of Hodgon Russ, LLP, Owen Smith of the Palace Theatre and Seth Rosenblum of The Rosenblum Cos.

n The fifth annual Albany Wine & Dine for the Arts Festival was held this past January in downtown Albany and raised $116,000 for area art groups including Downtown’s Albany Symphony Orchestra and Capital Repertory Theatre. Since its beginning in 2010 the festival has raised approximately $406,000 for the arts.

Awards & Honors

Jack’s Oyster House receives the 2014 Hospitality Excellence Award.

Albany Wine & Dine for the Arts Festival Partners.

2014 Sculpture in the Streets ( See page 15 for more details )

This years program will host “Play Me, I’m Yours,” an internationally touring artwork devised by British artist Luke Jerram. The outdoor display will include ten pianos for the public to engage with at different locations throughout downtown Albany’s business and entertainment corridors from June 13, 2014 through July 27, 2014.

DOWNTOWN BUSINESSES

downtownalbany.org

With the SUNY College of Nanoscale Science and Engineering moving into Kiernan Plaza and Global Foundries becoming increasingly prominent in our everyday vocabulary, it is no surprise that technology companies are looking at downtown Albany to locate and grow their businesses. Here are just a few of Downtown’s newest high-tech companies.Windstream CommunicationsSoon to occupy 4,000 square feet in the historic Kiernan Plaza, along with CHA, SEFCU and SUNY College of Nanocale Science and Engineering, Windstream Communications is a Fortune 500 company that is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.

Turning the former train station into a Smart Cities Technology Innovation Center, the goal is to attract additional companies that will work to make cities smarter and more efficient. According to Michael Bellini, Windstream’s Regional Director, Windstream has the underlying network needed to support those types of companies that create products with the capability to collect data and monitor a city’s condition and performance.

For more information visit windstream.com

Carma SystemsCarma Systems is a New York startup company responsible for developing technology that monitors driver and vehicle operation both remotely and with in-car, audible driver alerts. The device is used by parents of teenage drivers as well as companies that have a fleet of vehicles, allowing them to track usage and enhance efficiency. Carma is leading the way for simple vehicle monitoring by integrating a modern, easy to use website with wireless vehicle hardware.

“We are proud to be a part of the Albany business community and to have such accomplished companies as our neighbors,” said Matt Suozzo, CEO of Carma Systems.

Carma Systems relocated from Delmar to 418 Broadway. For more information visit carmalink.com

Aeon NexusAeon Nexus Corporation, headquartered in Washington DC, is a technology based consulting firm providing procurement/spend management services. The company decided to locate an office in the Capital Region capable of meeting rigorous telecom and IT requirements, to service its multi-national clients and capture new business in the Northeast. They wanted to locate in a smaller metro area that would provide affordability and easy access to key northeast markets; while delivering a high quality of life for relocating executives and to attract key “knowledge worker” talent in the future. Their planned move to 138 State Street with close proximity to Albany International Airport for frequently travelling employees is a perfect fit. They were the first company to sign on to take occupancy in the revitalization of Wellington Row on State Street.

For more information visit aeonnexus.com

tech invasion

SUNY College of Nanocale Science and Engineering | Kiernan Plaza.

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DOWNTOWN BUSINESSES

AccentureAccenture is a global management consulting, technology services, and outsourcing company with approximately 281,000 employees serving clients in more than 120 countries. They recently moved into downtown Albany at 41 State Street occupying an entire floor at 15,500 square feet with 46 employees.

For more information visit Accenture.com or call 518.462.4762

Schenectady County Community College | AlbanyWhile Schenectady County Community College (SCCC) celebrates its 45th year as an integral resource in the Capital Region, its satellite – the beautiful new SCCC Albany location on the second floor of the Albany County Office Building at 112 State Street – is just getting started.

Already, excitement has been growing at SCCC Albany and along with it, its curriculum. SCCC offers programs that fit in today’s economy such as: Nanoscale Materials Technology, Alternative Energy Technology, Casino and Gaming Management, Chemical Dependency Counseling, Hospitality & Tourism Management, Paralegal Studies, Supply Chain Management, and Medical Coding & Billing.

SCCC Albany boasts modern classrooms with wireless access, a computer lab and smart boards, along with its prime location in the heart of downtown Albany. SCCC Albany students receive personal attention from dedicated professors in classes with low student-to-faculty ratios.

For the first time this summer, SCCC Albany is offering credit courses in a wide range of subjects, from Psychology to Advanced Computing. At just $141 per credit, these courses are sure to be popular for students who attend or plan to attend a four-year college and need credits to get ahead. Like all SCCC students, SCCC Albany students have access to free CDTA bus service and free parking. Summer classes start June 2.

These value added programs complement SCCC’s other offerings in Albany. Later this year, SCCC, in partnership with Trinity Alliance, the Albany Housing Authority, and other local colleges, will offer culinary courses and logistics training at the Capital South Campus Center.

Connect with SCCC Albany at 518.381.1355 | Albany@sunysccc.edu | sunysccc.edu/albany

Group breakouts at Schenectady County Community College | Downtown Albany.

Class room layout at Schenectady County Community College | Downtown Albany.

Schenectady County Community College offers summer courses in the heart of downtown Albany for just $141 per credit. Students can register up until the first day of classes, June 2, 2014.

DOWNTOWN RETAIL & SERVICES

Downtown Entertainment, Elevated You really can do it all in Downtown – including catch a classic or current movie. In March, 2014 the Palace Theatre premiered its new, $75,000 digital projector. The new equipment, partially funded through a New York State Regional Economic Development grant, will draw even bigger crowds to the historic 2,800-seat theatre through enhanced clarity, high-resolution color, improved audio and an extended calendar of events. The Theatre’s current offerings will be vastly expanded to include current releases, movie premieres, film series and screenings that were previously not possible. The equipment will also better meet the technical requirements of visiting performers, allow the recruitment of different entertainment and provide the ability to screen live broadcasts.

While the new system brings the old-time movie house of the past into the 21st century, fans of the Classics need not fear. Just 84 steps from the Palace’s stage the old and new projectors sit side-by-side. The annual movie series shown in traditional 35 mm format, complete with vintage cartoons and advertisements for just $5 a person, will continue alongside exciting new film additions.

Whether you’re seeing your favorite movie for the hundredth time, a new release or a local premiere, grab a seat, a box of popcorn and enjoy the show. Let’s go to the movies!

19 Clinton Avenue | 518.465.3334 | palacealbany.com

Rite Around the CornerIf you haven’t been inside the North Pearl Street Rite Aid recently you’ll want to make the trip soon. After $500,000 of investment, the newly renovated store features not only an improved exterior and brightened interior but additional offerings and extended hours as well. The store has a new focus on health and better serving the emerging residential and working populations Downtown. The growing grocery section features non-perishable necessities, additional coolers for refrigerated items, a freezer section and fresh lunch-to-go options. Now you can grab a gallon of milk, print photos instantly and pick-up a prescription in one convenient spot.

Extended store and pharmacy hours are now Monday – Friday from 7:00 AM – 7:00 PM, Saturday & Sunday from 9:00 AM – 5:00 PM.

17 N Pearl Street | 518.436.4003 | riteaid.com

Dialed InMetro PCS is one of downtown Albany’s newest retail businesses offering non-contract cellular phone plans that are flexible and fit most budgets. With a large selection of all the latest phones and accessories, make MetroPCS your next phone destination.

Open Monday - Saturday 9:00 AM to 7:00 PM.

7 N Pearl Street | 518.432.440 | metropcs.com

A balcony view inside the Palace Theatre

North Pearl Street Rite Aid

downtownalbany.org

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DOWNTOWN RETAIL & SERVICES

Pressed for SuccessAnna Abramov, owner of European Tailoring and Alterations is pleased to announce that she now offers custom tailoring services and by popular demand, is open on Saturdays by appointment. Conveniently located at 40 North Pearl Street she provides tailoring, alterations and dry cleaning services to office tenants, residents and visitors to downtown Albany. Specializing in alterations, owner Ms. Abramov holds the technical expertise to work with clients on everything from pants and suits to bridal gowns and party dresses.

Open Monday - Friday 8:00 AM to 4:00 PM and on Saturdays by appointment.

40 N Pearl Street | 518.433.1408

Gourmet TreatDo you think of fresh produce, natural ingredients, or ‘healthy’ when you think of doughnuts? You will after you have a Cider Belly Doughnuts from our newest and sweetest retailer in Downtown. Jennifer Novak is proud of her family’s recipe for incorporating those adjectives into doughnut batter. With apple cider as the key ingredient, six signature flavored doughnuts will be the staple for the shop (including Cappuccino and Chocolate Glazed) as well as seasonal flavored doughnuts, such as Thai Jalapeno and Bacon-Maple-Walnut. There are also other creative surprises in store.

Cider Belly draws in customers with wonderful aromas of freshly baked doughnuts and coffee. Shortly, the shop will expand its fare to include fresh, locally-grown produce and locally-brewed soft drinks. Delivery service will also be available.

Jennifer and her brother, Andy, will be running the shop themselves in the family tradition. They are excited to be located Downtown, within walking distance from their home in Ten Broeck Triangle.

As their website (ciderbelly.com) states: “Cider Belly Doughnuts will always be fresh, warm, soft, and delicious because we believe a warm happy belly results in a warm happy heart. What better way to soothe the soul than with a treat that takes you to another place. You deserve a better doughnut and that’s what you’ll get here.”

25 N Pearl Street | 518.253.4640 | ciderbelly.com

Mediterranean Meets DowntownA bit of Mediterranean charm has captured Downtown with the recent opening of Coffeetime@Hellasbakery, a Greek-inspired café that serves up traditional food, pastries, and drinks. The international coffee shop was founded by the Captain Napoleon Paterakis family in 2013, with their headquarters located in Vietnam. Son Paul Paterakis, a native of Troy, NY, is general manager of two stores in the capital district – one in Schenectady, and their new location at 5 Clinton Square. The Albany location is perfect for Paul, who hopes to capture some of the Palace Theatre crowd and Downtown residents by keeping his café open on weekends.

What is unique about their café is it combines high quality customer service with Greek salads, Gyros, Baklava, and locally roasted coffee. Their ingredients are fresh and the pastries are prepared daily at the Schenectady store. Enjoy their best seller, the “fredoccino” – a mocha-caramel iced drink with heavy froth found only in Greece.

Technology prevails at Coffeetime@Hellasbakery as they use tablets to run everything. The café is wi-fi friendly, and it is the first international coffee shop chain to accept Bitcoin – an international, electronic currency.

The family business is truly global with brother, Dimitrios, running Hellas Tavern in Manilla, Philippines. Future expansion plans include stores in Troy, Los Angeles, Paris, and Vietnam.

Coffeetime@Hellasbakery is open Monday - Saturday | 6:00 AM – 8:00 PM and Sunday | 8:00 AM – 6:00 PM.

5 Clinton Square | 518.698.9070 | coffeetimehellas.com

Coffeetime@Hellasbakery

Soon to be Downtown Albany’s Newest Addresses

downtownalbany.org

DOWNTOWN LIVING

Since 2002, approximately 200 market rate apartments have come to downtown Albany – equating to over $30 million in investment. This year there will be 120 more units coming online, with a total value of $20 million in investment. These units will bring a potential 316 new residents to Downtown, continuing the growth of Albany’s newest neighborhood.

Industrial Development Agency’s (IDA) recently approved projects:

Proposed State Street Elevation, courtesy of HCP Atchitects, LLP

Wellington Row (132-140 State Street)- the city landmark with an iconic location just east of the Capitol is now being brought back to life.

n Proposed renovation/reconstruction of five vacant, historic buildings n 4 market rate residential apartment unitsn Estimated 37,400 square feet of commercial space n Estimated $15.58 million of investmentn Construction to begin Summer 2014

482 Broadway (The Arcade Building)- with a prime location next to Jim DiNapoli Park and across from the Pedestrian Walkway connecting to the Hudson River, this conversion project will add new residential units and renovated retail spaces, breathing life back into an important block on Broadway.

n 75,000 square feet, 5 story buildingn 60 proposed residential units on the top 4 floorsn Approximately 12,600 square feet of commercial retail space on the first

floorn Estimated $10 million of investmentn Construction began in May 2014

412 Broadway (The Argus Building) – As the home of an architecture firm in the 90s and 2000s this building offers cool interior and exterior features.

n 5 story building consisting of 47,300 square feetn Proposed 32 residential unitsn Proposed 6,400 square feet of commercial space on the first floorn Estimated $3 million of investmentn Construction began February 2014

58 North Pearl Street- Located on the main thoroughfare and next to the Steuben Athletic Club, this former office building is being renovated into market rate residential apartments.

n 47,300 square foot building consisting of 6 storiesn Proposed 26 residential unitsn 2,600 square feet of commercial retail space on the first floorn Approximate investment of $4.95 millionn Construction estimated to begin August 2014

35 North Pearl Street- Renovations are underway at The Capitol House Chinese Restaurant for living space in their underutilized upper floors.

n 3 residential unitsn Prices will range from $795- $1,015n Currently under construction with projected completion in

Summer 2014.

83-87 Beaver Streetn Availability: 9 units n 1,052 SF – 1,639 SFn Bedrooms: 1-2 n Bathrooms: 1-2Price: 1 BR starting at $1,400; 2 BR starting at $1,550.Amenities: All units are finished with the highest quality of materials, finishes and craftsmanship. Each unit has hardwood flooring, high ceilings, gourmet kitchen with stainless steel appliances, high end bathrooms and in-unit washer and dryer. Indoor and outdoor parking is available. Contact: Samuel Critton CBR, TL Metzger & Associates, LLC | 518.421.8462

370 Broadway | Meginniss Flatsn Availability: 1 unit n Sq. Footage: 1,650 SFn Bedrooms: 2 n Bathrooms: 2.5Price: rents from $1,250 to $1,800Amenities: W/D, granite countertops, security system, high speed internet (included in rental price), garbage disposal, central air, freight elevator. Contact: Kathleen Gilboy, Realty USA | 518.588.2068

382 Broadway Expected Completion: Spring 2014n Availability: 10 units n Sq. Footage: studios from 600 SF; 1 bedrooms from 850 SFn Bedrooms: Studios – 1 bedroom n Bathrooms: 1 eachPrice: studios starting at $700/month; 1 bedrooms starting at $900/month.Amenities: Hardwood floors, laundry on site, tile baths, granite countertops as well as indoor parking.Contact: Rich DeThomasis | rich@greatalbanyapartments.com

522-524 Broadway | Penta on Broadwayn Availability: 1 n Sq. Footage: 1,100 SFn Bedrooms: 2 n Bathrooms: 2Price: $1,650 per monthAmenities: Granite countertops, hardwood floors, Roman shower, fitness room and rooftop patio. Parking is available.Contact: Jessica Maddalone | 518.346.8600 | Jessica@maddalone.net

17 Chapeln Availability: 1 unit n Sq. Footage: 1,657 SF – Unit 402 n Bedrooms: 2 n Bathrooms: 2Price: Unit 402- $495,579, with $50,000 in builder upgrades.Amenities: customizable flooring, cabinets, appliances, fixtures, indoor parking, weight room, on site grocery delivery, walk-in closets.Contact: Kathleen Sullivan | 518.203.2555

52 Columbia Streetn Sq. Footage: 1,100 SF n Bedrooms: 2 n Bathrooms: 1Price: $1,600 per monthAmenities: 1 parking space, rear porch with private outdoor patio access, hickory floors, new kitchen w/granite and stainless steel appliances, dishwasher, in unit washer/dryer, high efficiency heating and central air.Contact: Samuel Critton CBR, TL Metzger & Associates, LLC | 518.421.8462

49 Sheridan Avenue | The Monroen Availability: 3 units n Sq. Footage: 800 SF- 2,044 SFn Bedrooms: 2 n Bathrooms: 2 Price: 2 bedrooms from $1,685Amenities: hardwood floors, stainless steel appliances, solid surface counter, on-site parking, washer/dryer, storage available, indoor parking available, private terraces/patios available.Contact: Brittany Dexter | 518.371.2410 x26 Call for upcoming availability dates.

23 N Pearl Streetn Availability: 2 units n Sq. Footage: 900 - 1,300 SFn Bedrooms: 1 | 1 + mezzanine n Bathrooms: 1 eachPrice: $1,200 and $1,500 Amenities: Granite countertops, hardwood floors, washer/dryer, stainless steel appliances, central air, additional storage units.Contact: Kathleen Gilboy | Realty USA | 518.588.2068

60 State Street | 60 State Place To be completed: Projected Summer 2014n Availability: 14 units n Sq. Footage: 575 - 1,840n Bedrooms: studio - 2 n Bathrooms: 1 - 2Price: Studios starting at $1,213; 1 bedroom starting at $1,299; 2 bedrooms starting at $2,000Amenities: 12’ ceilings, floor to ceiling windows, hardwood floors, stone counters, washer/dryer, common roof deck.Contact: Melissa Jochum | 518.462.7411 x608

Available Living SpacesIt is exciting to continuously expand our list of residential options for people to enjoy the urban lifestyle. With over $180 million of development projects underway in downtown Albany, we are increasing our residential base by 48%. Below are some of the buildings that currently have openings. For a complete listing of residential projects in Downtown, visit downtownalbany.org

View from inside a 17 Chapel condo

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DOWNTOWN LIVING

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DOWNTOWN PROPERTIES

677 Broadway, 3,694 SF on the third floor. A rare vacancy opportunity at this landmark twelve-story building containing 180,000 SF of first class professional office space. Parking is available in the Quackenbush Garage adjacent to the building. Marc GoldsteinColumbia Development518.862.9133mgoldstein@columbiadev.com

22 Clinton Avenue, 8,000 SF of restaurant space in a larger 16,000 SF, three story building. Formerly the Brown Derby, the building sits directly across the street from the Palace Theater in the heart of the City of Albany’s entertainment district. One block from the Hampton Inn & Suites, space layout features bar, kitchen, dining area, small freight elevator exclusive to the space, ground floor features bathroom, kitchen prep area, and storage. Conveniently located immediately off of I-787 (Clinton Avenue Exit 4B) at the intersection of Clinton Avenue and Chapel Street.John MacAfferCBRE518.452.2700John.MacAffer@cbre-albany.com

10 North Pearl Street, 32,471 SF office space sublease on a prime corner in the central business district. Space is divided between three floors; 6,771 SF (2nd floor), 12,850 SF (3rd floor), 12,850 SF (4th floor). Sublease through January, 2018. Building offers bright space, private offices and open space along with amenities including retail and Starbucks.Jeff SperryCBRE|Albany518.452.2700 x 114jeff.sperry@cbre-albany.com 11 North Pearl Street , 200 square feet to 6,500 square feet available for lease with many amenitites, 11 North Pearl has wonderful views of Pearl Street, State Street, as well as the Hudson River.Melissa MartinoAlbany Pearl Street Heights Associates, LLC646.572.6473 mmartino@heightsre.com

39 North Pearl Street, 3,080 of vanilla box office space available on the 2nd floor. 1,801 built out office space with large glass conference room and crown molding available on the 2nd floor. 9,204 square feet of office space available on the 6th floor but 3,411 can be subdivided for a smaller tenant. Walking distance to courthouses, NYS Capitol and municipal buildings, recently upgraded common areas, professional management, high-speed internet access, two high-speed passenger elevators, on-site sub-grade parking garage.Brian ConleyConley Realty Services518.626.0682bconley@conleyrealtyservices.com

59 North Pearl Street, Former Jillian’s Restaurant for sale. Excellent opportunity to invest or start up your own business in this 37,000 SF former entertainment venue. Perfect for a grocery store or residential conversion. Great corner location with an outside patio. Tony SabatinoRealty USA518.857.6999tonys330@aol.com

30 South Pearl Street-Omni Plaza, Suites from 1,500- 17,000 (full floor) square feet available. Distinctive office suites located in Downtown’s premier location. On site restaurant, take-out kiosk and meeting/banquet facility. Discount membership to Omni Fitness Center. Mark AronowitzOmni Development Company, Inc.518.432.4500maronowitz@omnidevelopment.com

41 State Street, Professional office space in a perfect location. Offering flexible options for any business from individual Executive Suite offices up to 15,500 SF per floor. Customized floor plans, on-site management, private large conference room, janitorial and parking included in the rent. Building amenities include a full service salon and bank , restaurant and unparalleled views of the Hudson River. Come and see why existing and new Downtown tenants are moving to 41 State.Karen LabergeAlbany Management518.458.7113klaberge@albanymanagement.com

63 State Street, 5,878 SF office building for lease. Constructed in 1890 as a bank, this is a great opportunity for a single tenant user with ample parking available. Rudy LynchCarrow Real Estate518.462.4791x 207

80 State Street, Various floors available with 1,600-3,400 square feet. The lobby, restrooms, and elevators have recently been remodeled. Amenities include fitness center, banking facilities, 24/7 access, and 24/7 security.Janet Kaplan80 State Street LLC518.482.8986jkaplan@stuyvesantplaza.com

90 State, Executive Suites available in various sizes and lease prices to fit your needs, total office access including after hours and weekends, professional personal reception service, high speed internet access, prestigious business address along with incoming mail and package handling, business name on ground and first floor back lit building directory, all utilities and daily janitorial services are included, reserved conference room time, and so much more.90 State Street, Suite 700518.694.0062office@90statestreet.com

FEATURED PROPERTIES

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 historic buildings with modern amenities to high rise buildings or shared space options, it is here in Downtown. Here is just a sampling of available space. For a more detailed list please visit downtownalbany.org. or contact Cheryl Stock | cstock@downtownalbany.org

downtownalbany.org

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15

DABID EVENTS

The Downtown Albany Business Improvement District’s 2014 Sculpture in the Streets program will host “Play Me, I’m Yours,” an internationally touring artwork devised by British artist Luke Jerram. The outdoor display will include 13 pianos for the public to engage with at different locations throughout downtown Albany’s business and entertainment corridors from June 13, 2014 through July 27, 2014. The Albany exhibit will feature local artists and their original artwork on the pianos intended to reach an audience of close to 10,000. The Sculpture in the Streets Garden Party will be held on Friday, June 13, 2014, to formally welcome and open the exhibit in Albany.

“ In other cities, we have located pianos in public parks, bus shelters and train stations, markets and even ferries – places where the pianos are available for any member of the public to play and enjoy,” explains Jerram, “Who plays them and how long they remain on the streets is up to each community, but the greater idea is that the exhibit creates a place of exchange inviting the public to engage with, activate and take ownership of their urban environment.”

Touring internationally since 2008, “Play Me, I’m Yours” has been welcomed worldwide with more than 1,300 pianos installed in 46 cities across the globe, from New York to London, bearing the simple instruction ‘Play Me, I’m Yours.’ The project has reached more than six million people worldwide, with each new city that commissions the work becoming part of a growing legacy.

Thus far, Albany, New York is the only city in the United States scheduled to host the exhibit in 2014.

“ With over 180 million dollars being invested in Downtown, we are continuing to elevate our business District through another internationally acclaimed public art exhibit,” explains Georgette Steffens, executive director, Downtown Albany BID, “The pianos will create a sense of place among our emerging neighborhood and changing landscape through the universal language of music.”

In 2005, the Sculpture in the Streets program was designed to offer free, public art in various locations throughout Downtown for employees, residents and visitors alike. From local and regional artists to national and world renowned artists like Seward Johnson and George Rickey, the exhibits have attracted thousands annually. Most recently, the 2013 – 2014 exhibit “All Signs Point to Downtown” featured restored ghost signs throughout the BID District highlighting the rich heritage of the City of Albany by preserving it for future generations.

A specific website for Albany, NY has been developed at pianosalbanyny.com to encourage exhibit visitors to share their experience and impressions. Walking tour maps will be available on the BID’s website at downtownalbany.org.

TOP: Composition of different locations - Montage by Luke Jerram | BOTTOM LEFT: Cambridge 2012 - Photo by Symon Reynolds | BOTTOM RIGHT: Luke Jerram in Times Square 2010 - Photo by Amarynth Sichel

2014 Sculpture in the Streets

MISSION STATEMENTTo 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 CommitteeMark Holtzman, Chairperson KPMGBrad Rosenstein, Vice Chairperson Jack’s Oyster HouseMichael Gulotty, Treasurer Vista Host, Inc.Jim Hart, Secretary Merrill Lynch Wealth ManagementBoard MembersMark Aronowitz, Omni Development Company, Inc.Philip F. Calderone, Esq., Office of the Albany County ExectuiveStephen M. Cleary, Hinman Straub P.C.Jeffrey Gordon, Gordon CompaniesKaren Laberge, Albany ManagementJames Linnan, Linnan & Fallon, LLCHon. Daniel P. McCoy, Albany County ExecutiveHon. Carolyn McLaughlin, Common CouncilFelton McLaughlin, NAI PlatformDominick Purnomo, Yono’s Restaurant/dp An American BrasserieRichard Rosen, Columbia Development CompaniesJim Rua, Café CapriccioHon. Darius Shahinfar, Albany City TreasurerHon. Kathy M. Sheehan, Mayor, City of AlbanyShane Spillenger, Property OwnerMitzi Stewart, NYS Dormitory AuthorityMichael Tucker, Esq., Center for Economic GrowthMike Yevoli, Capitalize Albany CorporationMark Yonally, B. Lodge & Co.

STAFFGeorgette Steffens, Executive DirectorMarquita Rhodes, Assistant Director Kris Sigsby, Administrative Assistant Cheryl Stock, Business Development ManagerDon Wilson, Operations Manager

INTERNSJin Hong, Marketing/Restaurant Week InternDamaris Mozie, Communications InternKyle Sherman, Sculpture in the Streets Intern

40 N Pearl Street, Suite 1 n Albany, NY 12207 T: 518.465.2143 | F: 518.465.0139downtownalbany.org

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SUMMER 2014 / ISSUE 2

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