< Back to News

Retail

Troy Record: Capital Bank to begin Wellington Row’s return to commerce, banking hub

Officials who gathered for a press conference at 132 State Street believe that the area surrounding the historic Wellington Row could once again become a hub of commerce and banking. Capital Bank, which is a division of the Chemung Canal Trust Company, operates five Capital Region bank branches. Read more here.

Workers affix a Capital Bank sign on Wellington Row before a press conference Wednesday at 132 State St., Albany. (Skip Dickstein/Times Unon)

Times Union: Lender first tenant for site

Capital Bank, hoping to be part of the resurgence of downtown Albany, announced Wednesday it will move its headquarters to Wellington Row on State Street. The bank, a subsidiary of Chemung Canal Trust Co., is providing the financing to Wellington Row developer Columbia Development Cos. Read more here.

Columbia Development Cos. President Joe Nicolla at today's announcement Capital Bank will move its regional headquarters to historic Wellington Row in downtown Albany, New York
Michael DeMasi | Albany Business Review

Business Review: Albany developer, city preservationist celebrate at Wellington Row

Commercial real estate developer Joe Nicolla and historic preservationist Susan Holland congratulated each other today atCapital Bank’s announcement that itsregional headquarters will move to downtown Albany, New York. Both know how much of a struggle it was to come to an agreement over what to do with Wellington Row, a stretch of five buildings that had become an eyesore just […]

Developer Nicolla is bullish about growth in New York’s Capital Region – Albany Business Review

Joseph Nicolla says businesses in the Albany, NY region are best at flying under the radar, but “they’re as busy as they have ever been.” Nicolla, president and founder of Columbia Development Cos., is a key real estate developer of major construction projects in the area. The way he sees it, the region is gaining momentum. Sales and […]

Jim Barba, president and CEO of Albany Med, is congratulated by Albany Governor Andrew Cuomo, second from left, and Mayor Jerrings, left, after the Capital Regional Council received $82.8 million during the Regional Economic Development Awards Wednesday morning, Dec. 11, 2013, in Albany, N.Y. (Skip Dickstein / Times Union)

$82.8M win for region – Times Union

“Rebuilding cities” focus draws cash to Park South in Albany, mixed-use projects in Troy, Schenectady Albany The Capital Region has gone from worst toalmost first in the state economic development mega-millions sweepstakes. Eight local counties will share $82.8 million, the second-largest amount awarded in the state, for projects ranging from building a Schenectady harbor along the Mohawk […]

Columbia Development projects featured as priorities for Capital Region Economic Development Council

Columbia Development projects featured as priorities for Capital Region Economic Development Council

Times Union September 25, 2013 http://www.timesunion.com/local/article/Regional-council-favors-Schenectady-studio-4840020.php The Capital Region is competing with nine other councils around the state for a slice of $220 million in tax credits and grants, but the request also taps a larger pool of regular state infrastructure spending that the councils now have a say in directing. Overall, there were 337 applications […]