By Maureen Werther
A mixed-use residential, professional and retail development has been proposed for South Broadway in Saratoga Springs.
If approved by the city Planning Board, the plan would involve the demolition of the long-vacant Saratoga Diner and the construction of 110 apartments, consisting of 64 two-bedroom units and 46 one-bedroom units, along with common spaces, totaling 98,000 square feet of residential space. The parcel is three acres.
The project is proposed by KGC Development, a firm based out of Indianapolis, in partnership with local developers, DEW Ventures LLC. KGC focuses on developing multi-use projects in upstate New York and along the east coast. The company said it is “passionate about creating communities that have a positive impact on residents and the overall community.”
While the project has not yet been named, Bill Teator, a managing member DEW Ventures, thinks that referring to the southern portion of Broadway as “SoBro” might be appropriate
According to the proposal, the project would be a “catalyst” for revitalization in a neighborhood that will benefit from the construction of affordable housing and a combination of retail, professional and commercial space.
“Several other nearby properties have already sold,” said Teator, referring to the Grand Union Motor Lodge and other properties in the immediate vicinity, which he says is proof of the progress occurring in the somewhat neglected part of the city.