By Maureen Werther
Sonny Bonacio, president of Bonacio Construction, has purchased the property on Excelsior Avenue in Saratoga Springs that was Stark’s Auto for some 60 years.
Bonacio said he has not yet finalized plans for the parcel at 62-64 Excelsior Ave. He purchased the property on May 25 from Sidney Stark. The purchase price was $450,000 and the deal was made through Bonacio’s real estate holding company, RR Depot LLC.
He called the purchase “a defensive move.” His company recently constructed 14 residential condominiums at Excelsior East, as well as four 1,500-square-foot commercial spaces. While 12 of the 14 condominiums have been sold, three of the four commercial spaces have not been filled as quickly as Bonacio anticipated.