Courtesy DCG Development
By Susan Elise Campbell
DCG Development Co. has planned an expansion of residential space in Executive Woods, one of three mixed-use office parks the company has near the intersection of Route 9 and Route 146 in Clifton Park.
According to Donald MacElroy, DCG vice president, the project will include completely re-purposing an existing structure. They will also build a new one. The result will be a total 50 rental units that MacElroy said will appeal to the middle market.
“New apartments have not been built in Clifton Park in many years,” said MacElroy. “As products age and grow out of use, others step in to take over.”
MacElroy said there is “pent-up demand for apartments, particularly new construction.” He expects that middle-income jobs will continue coming into the area because “many of the businesses springing up around that intersection are health care facilities, bringing in new employment opportunities.”
Executive Woods is on the north side of Route 146 and has a two-story, 20,000-square-foot professional office building that will be converted into 34 rental units, he said. Floor plans are being developed. All walls and partitions will be removed and new utility systems installed.
“There will be a new face to the building in a style similar to projects that have come online,” said MacElroy. “Architectural guidelines are part of the Town Center plan and we are likely to include a masonry component.”
The new three-story building will have 16 rental units.
“The total project will offer a mix of one bedrooms, one bedroom with den, and two-bedroom units starting in the $1,600 per month price range,” said MacElroy.
DCG has the role of general contractor and will sub-contract to local builders that have yet to be named.
The project is likely to get underway in the spring. MacElroy said the planning process is “more of a challenge in these times because board meetings are being handled remotely. The Town has done a good job managing the process.”
DCG’s three projects near Exit 9 include the mall at Clifton Park Centre, 5 Maxwell Drive and Executive Woods. The firm develops commercial properties in downtown, rural, and suburban environments throughout Saratoga County and surrounding communities.