New Downtown Retailer Makes Business & Property Investment

New Downtown Retailer Makes Business & Property Investment


The Downtown Albany Business Improvement District (BID) held a grand opening and ribbon cutting for Jubilee Jewelers at 52 S Pearl Street. The celebration for Downtown’s newest retailer continues the trend of businesses and residents being drawn to Albany’s growing community.

“With each new business that opens, it’s clear that revitalization is happening all around us,“ says Mayor Kathy Sheehan. “Congratulations to owner Amos Kim on his grand opening and recognition that through people like him we will continue to unleash the potential for our Capital City.”

Doubling down on his investment, Kim chose not to just purchase the 52 S Pearl Street building, but to also relocate his business to the ground-floor retail space.  Previously operating at another location in Albany, the jeweler brought with him a dedicated client base, and is excited to tap into the large daytime employee population in both the public and private sectors, and the growing residential foundation this area offers.

“Downtown Albany is already seeing big changes with the revitalization of upper State Street, the opening of the new Renaissance Hotel and the building of the Albany Capital Center,” said Albany County Executive Daniel P. McCoy.  “It is exciting to welcome a retailer who recognizes the potential for drawing customers from the immediate area and throughout Albany County.”  

 “As we prepare to welcome an estimated 80,000 annual visitors to the Albany Capital Center, the opportunity to patronize local establishments will be an increasingly important part of our landscape,” says Georgette Steffens, executive director of the Downtown Albany BID. “As growth continues to manifest itself through new employees, residents, and visitors, we are always excited to have the opportunity to introduce them to our expanding retail base.”

Selling accessories for men and women, Kim, who has been a jeweler for 25 years, repairs jewelry, watches and eyeglasses; he also creates custom pieces, and offers engraving. Located directly across from the Times Union Center, Jubilee Jewelers is already successfully drawing in pedestrian traffic and hopes to expand walk-in clients as renovations get underway at the District’s largest entertainment venue.

 “For decades I have been honing my craft, and I am very excited to bring my skill set to a new customer base,” says owner Amos Kim. “As a jeweler, my business is based on the importance of having a client-based model and relationship building, and I look forward to building those long-term relationships with those who work and live in Downtown.”  

Jubilee Jewelers is located at 52 S Pearl Street in downtown Albany, New York. Hours are 10:00 AM to 5:30 PM Monday to Friday, and 10:00 AM to 5:00 PM Saturday. For more information, call 518.434.3336.

From international corporations, regional giants and locally owned proprietors, downtown Albany is more than business as usual. Accented by the powerful currents of the Hudson River to the motivating forces in the State Capitol, downtown Albany stands in good company with some of the greatest names in business today. Over 250 companies call downtown Albany home and signs like IBM, Microsoft and Windstream are seen throughout our historic streets. Since 1996, the Downtown Albany Business Improvement District (BID) has worked to restore, promote and maintain the character and vitality and improve the quality of life and overall image of Downtown for those who work in, live in and visit the  Capital City of the most famous state in the world. The Downtown Albany BID is a private, not-for-profit 501(c)(3) organization. For more information about the Downtown Albany BID please visit downtownalbany.org | @AlbanyBID or call 518.465.2143.