Clinton Market Collective construction begins
Construction has started on the Clinton Market Collective, a project that will renovate Federal Park at the corner of Clinton Avenue and Broadway into the .ÌýThe reimagining of an underutilized property will result in the creation of a vibrant public space with a new market concept that serves as a proving ground for start-up businesses and hosts diverse pop-up retail, installments by local artists and signature events.
Clinton Square is poised to be a thriving gateway district and a distinctive hub that connects and catalyzes activity in Ó£ÌÒÊÓƵ and the Warehouse District and draws this momentum into the Arbor Hill and Sheridan Hollow neighborhoods through public infrastructure enhancements, private project development and vibrant arts and entertainment investments.Ìý
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The premier location of the market will strengthen a key gateway to the Capital City at the foot of the Skyway that greets more than 20,000 people daily, anchoring Clinton Square's role as both an engaging destination and a welcoming entry to the city's unique local neighborhoods, arts scene and commercial venues.Ìý
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Clinton Market is set to complement the adjacent Skyway, the Capital Region's first and only elevated linear park - a projectÌýthat wasÌýsimilarly designed underÌýmanagement ofÌýthe City of Albany's economic development organization, Capitalize Albany,Ìýwith funding assistance under a Regional Councils Initiative grant award.
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The project, sponsored by Capitalize Albany, is receiving $1.16 million as part of the $10 million Albany Ó£ÌÒÊÓƵ Revitalization Initiative. The $3.56 million project also was recommended for a $750,000 Empire State Development capital grant from the Capital Regional Economic Development Council, a $1.1 million American Rescue Plan Act award from the City of Albany, and a $250,000 grant from National Grid. .
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