NeoVista Hospitality Group Expands to 60 State Street

Signaling Confidence in Albany’s Revitalization and Opening Doors for Public-Private Collaboration

Albany, NY — NeoVista Hospitality Group, Inc., a subsidiary of NeoVista Equities, LLC, has announced its expansion into 60 State Street, reinforcing its investment in downtown Albany and its belief in the city’s economic resurgence.

“We’re proud to officially bring NeoVista Hospitality Group to 60 State Street,” said Kevin Yang, CEO of NeoVista Equities. “Albany is a city on the rise — rich in history, architecture, and opportunity. This expansion reflects our commitment to being a long-term partner in its revitalization.”

This move marks a major step in NeoVista’s growing presence across downtown Albany. With several active projects in hospitality and mixed-use development, the company continues to position itself as both a driver and collaborator in the city’s transformation.

A Shared Vision for Albany’s Revival

NeoVista emphasized its intention to work closely with local businesses, institutions, and civic leaders to create a more vibrant and economically active downtown.

“Revitalization happens through collaboration,” Yang added. “We’re engaging with community stakeholders to explore how we can build together — not just to bring new life to downtown Albany, but to ensure growth benefits residents, visitors, and the broader business community.”

One of the first to connect with NeoVista was Jeff Gordon, owner of 60 State Street, who saw in NeoVista’s vision a shared commitment to re-energizing the city’s core. Their early conversations focused not on leasing space, but on aligning efforts to help accelerate Albany’s comeback.

“When I heard what NeoVista wanted to do in Albany, I knew right away we were aligned,” said Gordon. “They’re not waiting around for change — they’re out there making it happen. That’sexactly the kind of drive this city needs. We both believe in Albany, in its potential, and in what can happen when people with vision work together.I’m proud to stand with NeoVista and be part of bringing downtown Albany back to life.”

NeoVista views 60 State Street not only as a cornerstone of its hospitality operations, but also as a symbol of its commitment to shared progress and partnership.

A Call for Partnership and Public-Sector Alignment

NeoVista’s leadership highlighted the importance of city, county, and state agencies in sustaining Albany’s renaissance through incentives, grants, and forward-looking policy support.

“In every thriving city, the public and private sectors work in unison,” Yang said. “Visible support from public officials sends a powerful message to investors — that Albany is open for business and that confidence in its downtown is well placed.”

Such support also signals to other stakeholders that NeoVista’s initiatives align with the region’s strategic growth goals, reinforcing the value of cooperation and shared accountability.

“NeoVista’s investment in Albany is a recognition of our city’s great potential,” said Dr. Dorcey Applyrs, Chief City Auditor and Democratic nominee for Mayor of Albany. “Their expansion into 60 State Street acknowledges the unique history of our downtown while looking ahead to an exciting future.”

Confidence in Albany’s Market and Investment Climate

NeoVista’s expansion serves as a clear signal to outside investors that Albany is primed for opportunity. The company sees its continued presence as both a commitment to the region and an invitation for others to participate in its growth.

“We believe Albany is on the cusp of a transformation,” Yang said. “There’s significant untapped potential here — a combination of historic assets, entrepreneurial energy, and strong civic leadership that makes this the right time to invest.”

“Albany’s continued growth is fueled by collaboration and smart investment,” said Theresa Russo, Esq., of Shenker Russo & Clark LLP and counsel to NeoVista on hospitality and liquor licensing matters. “Projects like NeoVista’s expansion at 60 State Street show what’s possible when business, government, and community partners work together to reimagine our city’s downtown and strengthen its economic core. We are excited to provide them with liquor and hospitality law services and other business-related guidance on these exciting projects.”

“As regulatory frameworks evolve, it’s essential that policies continue to support responsible investment and downtown activation,” said Joshua A. Sabo, Esq., of Couch White LLP and General Counsel for NeoVista Equities.“NeoVista’s commitment to Albany demonstrates the impact private enterprise can have when aligned with smart, forward-looking policies.”

About NeoVista Equities, LLC

NeoVista Equities, LLC is a private opportunistic fund focused on utilizing real estate and private equity investments, to revitalize communities, fostering economic development, and driving sustainable value. Through subsidiaries like NeoVista Hospitality Group, Inc., the company focuses on hospitality, retail, and mixed-use developments designed to elevate cities, create opportunity, and build long-term value for residents, investors, and local economies.