By Barbara Pinckney
The first phase of Park Place at Wilton, a
mixed-use project at Route 9 and North Pines
Road, will be open by the end of the year, according
to the developer.
Park Place, which is being developed by The
Gordon Cos., an Albany firm that is also acting
as general contractor, will include 114 luxury
residential units and about 16,000 square feet
of commercial space.
Jared George, principal of Tri Capital Realty
LLC, the leasing agent for Gordon Cos. and
part of the development team, said that about
half of the residential units will be available
by December.
Construction will be ongoing, but given the
difficulties of building in the winter, George
could not say when the final stage would be
complete.
George described Park Place at Wilton as
a “very unique project.” it will be a total of
200,000 square feet, about 183,700 of which is
residential. The 114 units include both two story
townhomes and one-story flats, and range
from one to four bedrooms.
The exact use of the 16,350 square feet of
commercial space, which will face Route 9, is
still to be determined, he said.
“We’ve had a lot of interest so far early on,
which is great,” George said. “it ranges from
retail to medical to office.”
He declined to name the potential tenants.
The residential units have also received a
lot of interest.
“We’re in the early stages, but the amount of
calls we’ve gotten has been great,” George said.
He said the inquiries have come from people
associated with GlobalFoundries and Saratoga
Hospital, as well as empty nesters and others
looking to downsize.
The units form one large building, with a
center courtyard that includes a swimming
pool, pool house, exercise facility and community
room/business center.
He said many units have private entrances,
although the top floor is accessible from an
elevator and interior corridor. Residents also
have a choice of an attached or detached
garage.
Amenities include 10-foot ceilings, bamboo
flooring, granite surfaces, stainless steel appliances,
full-size washers and dryers, gas
fireplaces with built-in mantles and custom
wall colorings.
George declined to estimate how much rent
would be on the units, but apartments in Gordon
Co.’s Park Place at Saratoga, in Saratoga
Springs, start at $1,600 a month.
That project, located at Seward and Morgan
streets behind Saratoga Hospital, will be completed
by September, he said. The 57 luxury
units are 100 percent leased, George said.
Gordon Cos. also has a 23-unit residential
project underway in Bethlehem, and renovated
an historic bank building in downtown
Albany to create 14 luxury apartments and a
venue for special events. George said projects
representing “a few hundred more units” are in
the approval process and should get underway
by early next year.
The second-generation company, which is
owned by brothers Jeffrey and David Gordon,
also owns hotels in New york and Vermont,
operate self-storage facilities, and manages
about a million square feet of retail space in
the Northeast.
Photo Courtesy The Gordon Cos.