Month: August 2018

Impressions Of Saratoga Owners Open A Second Gift, Apparel Shop In Saratoga Springs

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Maddy Zanetti, right, and Marianne Barker,stand in Dark Horse Mercantile, a new gift and apparel shop they opened in Saratoga Springs. They also own Impressions of Saratoga.
©2018 Saratoga Photographer.com

By Maureen Werther

The Dark Horse Mercantile, a gift and clothing shop, opened in June at 445 Broadway in Saratoga Springs. It is owned by Maddy Zanetti and Marianne and Dave Barker, co-owners of the popular Impressions of Saratoga on the other side of the street, at 368 Broadway.

The owners launched a Dark Horse brand in 2014 to mark the Saratoga’ Race Course reputation as the “graveyard of champions.” The tagline, prominently displayed on a wall of the new shop, is “The best bet is always the Dark Horse.” 

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Personnel Briefs

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Roohan Realty announced that Diana Gise has joined the company as a licensed real estate salesperson. Gise has a Bachelor of Science degree in dietetics from SUNY Oneonta.  She has 20 years of experience in the nutrition and wellness field.  She is a member of the Greater Capital Region Association of Realtors (GCAR) and...

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Parasol Tattoo In Congress Plaza Aims To Make Its Shop Less Intimidating For Its Customers

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Joe Wood recently opened Parasol Tattoo in Congress Plaza. He says his staff takes the time to make sure to create whatever artwork the client is envisioning.
©2018 Saratoga Photographer.com

By Jennifer Farnsworth

After 15 years of working in different shops as a tattoo artist, Joe Wood decided it was time to work for himself. 

It has been about a month since Wood opened up Parasol Tattoo Co. in Congress Plaza. He said business is strong.

“I knew I had done everything I could, and I was ready for the change, the challenge. I knew I had my own ideas that I wanted to implement,” said Wood.

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GSA Silicon Summit-East Will Bring Tech Experts To Saratoga Springs On October 9

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The inaugural GSA Silicon Summit-East, an event that will bring leading executives and technologists to Saratoga Springs to discuss extending semiconductor technology, emerging market trends, and opportunities for collaboration and business growth, has been scheduled for Oct. 9 at Saratoga  City Center.

It will promote collaboration to advance semiconductor technology and business, and provide unique insight to inform the regional ecosystem on growth opportunities, officials said.

Involved in putting together the event are the Saratoga County Prosperity Partnership, the county’s designated economic development agency;  the Global Semiconductor Alliance (GSA), a leading voice for the worldwide semiconductor industry, and the Center for Economic Growth (CEG), a regional economic and business development organization.

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Peregrine Senior Living In Clifton Park Has Expansion Plans As Demand For Beds Grows

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Peregrine Senior Living at 1 Emma Lane in Clifton Park is planning an expansion.
Courtesy Peregrine Senior Living

By R.J. DeLuke

Peregrine Senior Living in Clifton Park has a new landlord, but the organization will not only continue to do business as usual, but has plans to expand.

Peregrine serves people with Alzheimer’s and dementia.

The 52-bed facility at 1 Emma Lane, off Route 146, recently sold for $9.65 million.  Peregrine Senior Living, based in Syracuse, had been leasing the property from HCP, a real estate investment trust in Irvine, Calif. HCP sold the property to ValStone Partners, a private equity firm in Baltimore.

Stephen Bowman, president of Peregrine Senior Living, said the transaction basically results in a transfer of real estate from one landlord to another.

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Business Report: Plan For Rising Costs Of Health Care

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David Cumming, senior vice president and financial advisor, Morgan Stanley.

By David L. Cumming

Longer life spans and rising health care costs are driving investors to control their financial exposure to uncovered bouts of care—particularly in retirement. 

The United States spends more than $3 trillion a year on health care, or nearly $10,000 per person. Overall spending rose 5.8 percent in 2015, faster than the pace of inflation or wage growth. 

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AARP Study: Most Seniors Enjoy Working; Many Plan To Earn Money Independently

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According to a new AARP survey of experienced workers, nearly 9 in 10 work for financial reasons, but approximately 8 in 10 either enjoy or feel useful doing their work.

Among those who plan to retire, over 1 in 4 plans to start a business or earn money in some independent way, such as a gig economy job. Given employers’ need for talent, it makes great business sense to hire experienced workers, as demonstrated by additional AARP research, the organization said.

“With rich work histories, varied experiences and expertise, older workers want to work, they’re ready to work, and they need to work,” said AARP Vice President of Financial Resilience Susan Weinstock. “More employers are looking for qualified candidates and experienced workers should have the opportunity to be judged on their merits, rather than their age.”

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Saratoga PLAN Leads Community Effort To Remove Invasive Species From Fish Creek

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Greg Redling of Saratoga PLAN pulls water chestnut plants out of a section of Fish Creek.
Courtesy Saratoga PLAN

Saratoga PLAN recently led a community-wide effort to begin removal of an invasive outcropping of water chestnut plants on Fish Creek, the outlet of Saratoga Lake. 

Over 36 volunteers participated. 

Greg Redling, Saratoga PLAN stewardship coordinator, said, “It was great to get so much help protecting this beautiful resource, and everyone agreed we should do it again soon.” 

Prior to the event, Capitol Mohawk Partner provided information about the invasive species, as well as a tutorial on the proper procedures for water chestnut removal. Kayak Shak generously provided boats for those in need.

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Company To Build Battery Energy Storage Facility Said To Be Largest In The State

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The Saratoga County Prosperity Partnership has secured incentives to enable Key Capture Energy LLC to build a 20 megawatt (MW), utility-scale battery energy storage facility—said to be the largest of its kind in New York—at the Luther Forest Technology Campus in Malta.

The Mechanicville-Stillwater Industrial Development Agency in July approved tax incentives of nearly $650,000 to advance the Key Capture Energy project, which will interconnect to the adjacent New York State Electric and Gas Corp. (NYSEG) substation. 

The board also approved a PILOT agreement sought by Key Capture Energy, though the company could have used a provision in the state tax code to avoid property taxes altogether, according to the Prosperity Partnership. The PILOT agreement will provide more than $160,000 to local taxing jurisdictions.

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Developer To Construct ‘Affordable’ Housing Units On Washington Avenue Plot In Saratoga

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This is a rendering of an affordable housing development to be built by the Vecino Group. The company says rents will range from just under $700 per month to just under $1,300 per month.
Courtesy Vecino Group

By Maureen Werther

The Missouri-based Vecino Group is scheduled to break ground soon on an affordable housing development, named Intrada, just south of the Saratoga Amtrack station on Washington Avenue, adjacent to the U.S. post office.  

According to Rick Manzardo, president of the Vecino Group, it will be the first affordable housing development built in Saratoga Springs in a long time. The company hopes to hope to attract people who work in education, hospitality and other industries with salaries that are not always adequate to afford pricier Saratoga Springs rents. 

The Intrada apartment rents will range from just under $700 per month up to just under $1,300 per month, he said.

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