News: Brokerage

Prinzo’s Bakery celebrates completion of façade renovations: Part Albany's Small Business Façade Improvement Program

Albany, NY Applications are now available as part of the city’s Small Business Façade Improvement Program’s third-round spring funding window with an additional $100,000 in matching grants being made available to support small business owners citywide. The program can provide matching grants up to $10,000 to small businesses and/or commercial property owners for exterior renovations. The application window will close on June 6, concluding the program’s third round. 

City leaders joined Prinzo’s Bakery owners Joe and Philomena Prinzo for the third-round spring funding window announcement of the program. This long-standing business received second-round program funds to replace the existing siding on the building, an awning, and new signage. In addition to added vibrancy, the awning enhances the entrance’s safety by helping to prevent slick conditions in times of inclement weather.

Located on Delaware Ave. since 1978, Prinzo’s Bakery is known for its Italian loaves of bread and hard rolls. Prinzo’s bread is delivered to many restaurants, delis, and sandwich shops within a 20-mile radius of the city, and serves as the daily bread for a number of local establishments. 

A family-owned business, Prinzo’s has called the city its home for nearly 60 years, having first begun in the South End on Grand St. in 1960. It later expanded its product line to include donuts, opening Prinzo’s Dandy Donuts on Madison Ave. Soon after, the business moved to Delaware Ave., and 40 years later–it is still a staple of the Delaware Ave. neighborhood..

The Small Business Façade Improvement program is a matching grant program that helps small businesses throughout the city reinvest in their properties. Previous rounds of this small business program have been tremendously successful. With completion of all current awarded applicants’ renovations, the program is anticipated to have leveraged more than $750,000 in total project investment. Administered by Capitalize Albany Corp., the Small Business Facade Improvement Program is made possible by the City of Albany Capital Resource Corp. and the Albany Community Development Agency.

For more information regarding the program, please contact [email protected]

MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,