A May opening is projected for The Capital: American Eatery & Lounge, located across the street from the Pearl Street Pub. Pratt tells me the business will be open for dinner Monday through Saturday and will turn into a lounge for music and late-night fare of tapas, cheese, desserts and other small-plate fare Thursday through Saturday. It will not be a nightclub or have DJs.
Pratt tells, â€œMy partners and I believe wholeheartedly in the revitalization of downtown as a place to live for young professionals, and thatâ€™s why weâ€™re taking the step financially to establish this type of restaurant.â€
No DJs at a restaurant on Pearl Street that will be opened past 5pm is huge for the area. Getting the ‘young professionals’ into these empty, expensive, newly renovated apartments can only happen once theres more than two things opened on Pearl Street on the weekend. Classic chicken and the egg scenario.
Pratt and partners have signed a letter of intent to open an 800- to 900-person (9,500sq ft) music venue in Albanyâ€™s warehouse district.
Because the venue would be open only for shows, starting 90 minutes before curtain time and closing an hour afterward, Pratt says it would complement, not compete with, bars and restaurants in the warehouse district.
This would be awesome. There needs to be a place where we can go in Albany and actually see a show. Keeping all of these shows, and the money that comes with it, outside of this city is so insanely stupid. Having a space that’s smaller than the TU Center/Armory but bigger than Valentine’s would be perfect for most of the ‘larger acts’ that come through the area. An Upstate Concert Hall in Albany would be great.