Category Archives: Business News

The Residences at The Adelphi Hotel welcomed the first owners of their luxury condominiums in early June, with more closings anticipated throughout the summer as nearly half of the 79 units are now sold.

The June move-ins and summer closings are a sign of the high demand for the transformative development, a $75 million renovation, expansion and redesign of the historic Adelphi Hotel, which is expected to be complete by late 2024.

The project, spearheaded by developers Michael Dubb of The Beechwood Organization and businessman Larry Roth, is located in the heart of Saratoga Springs. It features a diverse selection of  studio-, one-, two-, three-bedroom and duplex penthouse apartments in 28 floorplans from 800 square feet to 2,500-plus square feet priced from $800,000 to $4 million.

“When we began this project, we sought to build a property that was unlike anything in the area in terms of elegance and amenities, while still staying true to the original almost 150-year-old hotel. Looking at the Residences today and seeing the first buyers’ reactions to their new homes, I know we succeeded in maintaining that delicate balance,” said Dubb.

By Jill Nagy

Those who enjoy those lazy-hazy-crazy days of summer often indulge in a cooling dip in the water followed by a delectable frozen treat.

That’s exactly what visitors to Brown’s Beach on Saratoga Lake can enjoy. Following a swim they can order their choice of ice cream … even if it’s ugly.

Ugly Ice Cream, a new concession stand that will operate through the summer, is the brainchild of entrepreneurs Ariel Pagan and brothers Joe and John Starr. 

The name comes from Pagan’s two other businesses, the Ugly Rooster Cafes, one located in Malta and the other in Mechanicville. Pagan, a culinary school graduate and experienced pastry chef, opened the first Ugly Rooster in 2009 and expanded later with the second location. 

The Starr brothers are semi-retired home builders. They founded StarrBuilt Custom Homes in 2005 and now focus on speciality projects through StarrBuilt Residential Installation as well as real estate. 

Staff Report

Coinciding with the start of the 2024 summer meet at the Saratoga Race Course, a horse-themed tavern has opened in the Spa City.

The Wild Horse, so named because The Rolling Stones’ classic “Wild Horses” is one of owner Lucas White’s favorite songs, opened recently in the former Dango’s on Caroline Street. 

According to a press release, “It was important to Lucas and (Managing Partner) Kevin (Decker) that the name include a music reference, given the focus on live music at the restaurant. It was also important to refer to the local horse racing scene.”

White was interested in purchasing Dango’s for years. He grew up in Loudonville where he attended Albany Academy and later Duke University. He now lives in Boston where he is a partner in an international asset management firm. His ties to the area remain strong, however, since his parents, aunt and uncle live in the Albany area. He is also a frequent visitor to Saratoga during track season.

Decker, the general manager at Siro’s and director of sales for a brokerage in Boston, came on board after a series of discussions with White in which he was inspired by White’s enthusiasm and vision for the property. Decker lives locally in Round Lake.

The duo purchased the building in September 2023 and have finished a complete rehabilitation of all three floors. A total of $250,000 in capital improvements have gone into the kitchen, which was moved from the first to the second floor. 

By Stephen Kyne CFP

Financial fraud is a growing concern in our increasingly digital world. With cybercriminals constantly finding new ways to scam unsuspecting victims, it is more important than ever to protect yourself from becoming a target. Here are five simple things you can do to help safeguard your finances and avoid falling victim to financial fraud.

Monitor your accounts regularly

One of the simplest and most effective ways to protect yourself from financial fraud is to monitor your accounts regularly. By keeping a close eye on your bank statements, credit card statements, and online accounts, you’ll be more likely to spot any unauthorized transactions and take action to rectify the situation. Set up alerts with your financial institutions to notify you of any unusual activity, such as large withdrawals or transfers, and report any discrepancies immediately.

Use strong and unique passwords

Another easy way to protect yourself from financial fraud is to use strong and unique passwords for all of your online accounts. Avoid using easily guessable passwords like “123456” or “password” and instead opt for a combination of letters, numbers, and special characters. Additionally, use different passwords for each of your accounts to minimize the risk of a hacker gaining access to all of your sensitive information if one account is compromised. Consider using a password manager to generate and store strong passwords securely.

Be cautious with personal information

Be cautious when sharing your personal information online or over the phone. Scammers often use phishing emails, fake websites, and phone calls to trick victims into disclosing sensitive information like Social Security numbers, account numbers, and passwords. Take the time to verify the legitimacy of any request for personal information before providing it, especially if you did not initiate the contact. 

By Christine Graf

More than a year after announcing plans to build a new Bass Pro Shops in Clifton Park, the sporting goods retailer has received final site plan approval from the Town of Clifton Park Planning Board. Construction is expected to begin this summer on the 77,000-square-foot store at 400 Clifton Park Center Road.

According to Clifton Park Town Supervisor Phil Barrett, Bass Pro Shops could not move forward with construction until the company received final approval from federal and state agencies. 

“There was a lot of speculation about why the town was holding them up, but it had nothing to do with us,” he explained. “They had to complete a process over and above what was required by the town. As far as the town was concerned, they had satisfied all of our requirements some time ago.”

Bass Pro Shops’ decision to build a store in Clifton Park was the culmination of several years of discussions between the retailer and town officials.

By Jill Nagy

After several years of relying on vending machines, visitors to Moreau Lake State Park can once again enjoy real food served by real people. Big Tony’s at the Lake opened May 25 and the place has been busy every day, according to Anthony (Big Tony) Schunk, owner of the business along with his wife, Amy.

The Schunks got into the business almost by chance. They did a lot of cooking for Northway Church in Stillwater, sometimes serving as many as 700 people. That led to developing Big Tony’s Meal Prep, their meal prep business out of the local Elks Lodge. People asked if they could have the meals brought to them for parties and large gatherings, leading to Big Tony’s Catering.  A fortuitous visit to Moreau State Park led to an offer to take over the concession stand for the summer. They signed a five-year contract with New York state, beginning this summer. Their eatery is open from Memorial Day to Labor Day. They may squeeze in a few more weekends in October, Schunk said. 

The Schunks and a staff of eight keep both the Stillwater and the park businesses going.

At the lake, Big Tony’s offers snacks and family-style meals. Customer favorites include smashburgers, spicy chicken sandwiches, soft-serve ice cream, and the family-style meals. They also cater to campers, he said. Full meals are served Monday to Friday. The restaurant serves breakfast on Saturdays.

Staff Report

A host of major first-floor Clubhouse renovations, including a new horseshoe-shaped Jim Dandy bar, will greet racing fans at Saratoga this year.

Such work is the latest in a series of significant Clubhouse capital improvements, which last year featured upgrades to the Finish Line Grill and Modelo Finish Line Bar.

“As always, our goal is to offer fans an improved experience while balancing the history and tradition of this cherished venue,” said David O’Rourke, New York Racing Association president and chief executive officer. “These are important investments which guarantee a successful future for Saratoga Race Course.”

 The historic track hosted racing’s third leg of the Triple Crown, the Belmont Stakes (Saturday, June 8) for the first time ever as reconstruction of Belmont Park continues in Queens. Saratoga will host the Belmont next year as well.

 The race was the highlight of a four-day Belmont Stakes Festival in Saratoga, which brought unprecedented international exposure to the city while generating a multi-million-dollar economic impact.

Five Corners Development, a local residential developer based in Saratoga Springs, joined its national partner,The NRP Group, recently to present a multi-phase concept plan for the redevelopment of the Albany-Saratoga Speedway to the Malta Town Board. Once approved, the planned development will transform the roughly 50-acre property into a vibrant retail and residential neighborhood along the busy Route 9 corridor through northern Malta, adding hundreds of units of housing and compelling retail concepts along the gateway of a growing community.

The partners have recently placed the property under contract after learning of the landowner’s desire to sell the site as raw land through a local brokerage company. Currently, there is no closing date set and the racetrack is anticipated to continue running at least through its 60th anniversary racing season in 2025.

The initial development process began with a presentation to Malta’s Town Board. Planning reviews are expected to commence over the coming months.

By Susan Elise Campbell

Hannoush Jewelers has opened a new shop in Queensbury at 1054 Route 9. It is the third location for two brothers who “happen to be part of a big family of jewelers” according to David Hannoush, who co-owns the Albany, Clifton Park, and now Queensbury retail stores with his brother, Albert.

“Our father is the oldest of eight brothers and Albert and I are the oldest of 36 first cousins,” said Hannoush. There are about 50 Hannoush Jewelers stores in 13 states, independently owned by different family members, he said.

The store has opened just in time for the wedding season. Hannoush said the main market for their products is the groom or bride-to-be, along with anyone shopping for quality jewelry for an anniversary or other special occasion. 

The co-owners have been in partnership for upwards of two decades and decided to break with tradition some years ago by leaving the strip mall setting behind in favor of free-standing buildings. Hannoush said as a result, their stores “have become a little more high-end than when we started out.”