The owners of two noteworthy buildings in
Saratoga Springs have agreed to an exchange
of ownership.
The building at 17 Maple Ave., formerly the
site of The Metro night spot and restaurant, and
446 Broadway, the Silverado building, are the
subjects of that arrangement.
The 17 Maple Ave. was owned by Melissa
Paquet of Miranda Realty. It was purchased
and renovated by Peter Paquet in the 1970s
and under his direction The Metro became
one of the most popular nightclubs in the
region. Saratoga Historic Restorations, owned
by Thomas Gardner and Mark Straus, is taking
over that structure.
According to thew new owners, future plans for the building and courtyard are being developed and they are seeking tenants with new ideas and concepts for bringing new life to the facility.
446 Broadway, owned by Saratoga Historic Restorations, will go to Paquet. Under the stewardship of Saratoga Historic Restorations, it has undergone extensive renovations in the last few years, including new heating systems, a new roof and a restored façade. It includes the Silverado store and four apartments on the upper floors.
The exchange parties said they anticipate no changes in the use of the buildings. Saratoga Historic Restorations owns the Saratoga Marketplace and several other buildings on the same block.
Since the 1970s, Saratoga Historic Restorations has restored several properties in the city and focused on the commercial revitalization of Broadway. They recently received awards from the Saratoga Springs Preservation Foundation for the exterior renovations to their buildings.