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Dutchess County Man Invests $15 Million In Commercial Properties In Saratoga, Malta

Posted onOctober 10, 2022
An investor bought this 17,800-square-foot retail plaza at 4 Kelch Drive in Malta.

By Paul Post

Alan Schnurman epitomizes the American Dream. Raised by his single mom, a seamstress, in Brooklyn, he slept on the couch of an affordable housing unit with no room of his own.

Fast forward a few decades, he and business partner, Gary Seff, recently bought up more than $15 million worth of commercial properties in Saratoga County.

“I was passing through Saratoga Springs a while back and didn’t see any vacant stores,” said Schnurman, 77, a retired lawyer and Dutchess County resident. “I saw a very vibrant community. I did a little research and found out about GlobalFoundries and how jobs were coming into the county. I was looking for a place to diversify and decided this was it.”

His first local acquisition, on his own, was Red Roof Inn on Old Route 146 in Clifton Park. Next, he and Seff, owner of Fountainhead Construction Co. on Eastern Long Island, purchased the Bank of America property at the corner of Route 146 and Clifton Country Road in Clifton Park.

Recently, they paid $1.67 million cash for the historic 472 Broadway building in Saratoga Springs, which was the long-time home of Menges & Curtis Pharmacy and deJonghe Original Jewelry. On the same day, they bought a 17,800-square-foot retail plaza at 4 Kelch Drive, off Northway Exit 12 in Malta, whose tenants include Five Guys, Jersey Mike’s, Starbucks, ATT, a beauty parlor and pizza shop.

Plans call for renovating the currently vacant upper floors of the downtown Saratoga Springs building, at the corner of Lake Avenue, into upscale apartments.

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Signature ONE Realty Group’s New Location Enters The Final Stages Of Its Renovation

Posted onOctober 10, 2022
Cindy Quade’s Signature One Realty Group is moving into new space in Malta.
©2022 Saratoga Photographer.com

By Susan Elise Campbell 

Signature ONE Realty Group is within weeks of moving into its new space at 2460 Route 9 in Malta, according to owner Cindy Quade. 

This is the first time in Quade’s 35-year real estate career that she is taking on a total commercial renovation. It is also the first time Quade and her agents will conduct business from a place she owns, rather than rents, she said.

“When our lease came up for renewal this spring, I gave our agents the choice of staying on or working remotely,” said Quade. “It was unanimous.  They would work out of their homes and meet on Zoom and at restaurants.”

Quade purchased the turn-of-the-century building in 2018 with thoughts of remodeling and occupying in one or two years. Originally a schoolhouse that was “added to and propped up over the years,” the structure was rich in history and nostalgia, she said. 

“I had several contractors looking at the building and found it would not be feasible to do a remodel,” she said. “Even if I did remodel, there would still be some issues with the structure. We needed to tear it down.”

Quade said she was “working out the design and my vision when COVID came. I had watched Franco Construction Services build Little Achievers Child Care nearby on Route 9. They kept that project moving even when it was difficult to get labor and materials.”

Quade hired the Ballston-based firm.

Read More

Business Report: Area Housing Market On Strong Footing

Posted onOctober 10, 2022
Steven Luttman, broker/owner of SJ Lincoln Realty, host of The Expected Returns podcast.

By Steven Luttman

Former Speaker of the House Tip O’Neil made famous the phrase “All politics is local”. The meaning being that while problems exist on a national level, at the end of the day voters care most about issues close to home. 

I would make the argument that real estate, much like politics, is predominantly a local matter. Do country-wide trends matter? Certainly yes. Monitoring data like the monthly Case-Shiller Home Price Index will provide good insight into the overall health of housing. 

Does it accurately reflect what’s currently happening in your neighborhood? Oftentimes not at all. Predicting the future of local housing markets can be more art than science. If you don’t believe me, ask Zillow. 

The real estate platform lost hundreds of millions of dollars last year due to its iBuyer algorithm overpricing offers made to sellers. As of the writing of this article, publicly traded shares of Zillow Group (ZG) were down 52 percent year to date, vastly underperforming the S&P 500 (SPY) as a whole by roughly half over the same period. Computers are great, but boots on the ground still count for something.

What we do know is that taking a long-term viewpoint, the Capital Region housing market is on sound footing. Our two largest employers (healthcare and local / state government) represent sectors unlikely to see a contraction in staffing, regardless of external economic events. While negative net migration in the state is concerning, this is overwhelmingly a downstate problem. 

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Saratoga Scrubs Store Has Medical Apparel And Accessessories For Those In The Field

Posted onOctober 10, 2022
Brooke McBride, right, owner of the Saratoga Scrub Shop, and Chloe Koons, a sales associate, displays some of the apparel that can be purchased at her store.

By Andrea Harwood

Brooke McBride, a nurse practitioner moved to the area with her family from Vermont about a year ago. Upon arrival, she went to look for scrubs, a standard medical wear, for her new job.

“I did a quick Google search and discovered there was nothing anywhere around me closer of a 30-minute drive away,” said McBride. “I told my husband, ‘We should just open our own’. And so we just went for it.”

She opened The Scrub Shop, a medical apparel and accessory store at 462 Maple Ave. in Saratoga Springs on Aug. 19. She said business has been very good.

McBride positioned her retail space on  Maple Avenue close to Saratoga Hospital, in an area with over 20 different medical offices. She started a grassroots marketing campaign.

“I went to every office in the area that would let me through the doors and I passed out marketing materials,” she said. “We got a lot of customers that way. From there, our customer base grew from word-of-mouth and a strong social media presence.”

McBride works full-time in primary care as a nurse practitioner. Her husband and staff run the store when she is at work. This is McBride’s first business, though her husband has a degree in business.

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After Trouble With Labeling Son’s Stuff, Woman Starts A Business That’s Thriving

Posted onOctober 10, 2022
Michelle Brandriss operates Name Bubbles, a growing personalized name label company.
Saratoga Business Journal

By Christine Graf  

California native and Ballston Spa business owner Michelle Brandriss fell in love with Saratoga the first time she and her husband, David, visited the city during horse racing season. Their dream to settle in the area became a reality after the 9/11 terrorist attacks in the U.S. 

They were living in New York City at the time, and David was working on the 23rd floor of the North Tower. He was among those who were able to evacuate the building before it collapsed.

While working in advertising, Michelle came up with the idea for Name Bubbles, a personalized name label company. At the time, she was a new mom and her son was enrolled in a Saratoga Springs day care program.

“In New York state, day cares require everything to be labeled. I was using Sharpie pens and masking tape to label his bottles. The labels would wear off, so I would redo it every few days,” said Brandriss. “Then I started noticing other women had really nice, fancy labels.”

After learning the women were ordering the labels online, she started researching label companies. She discovered that the biggest custom labels companies were located in Canada and Australia. Much to her surprise, there were no major players in the United States.

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Rachel McDermott Builds Strong Craft Brewery Business On Her Farm In Moreau

Posted onOctober 10, 2022
Rachel McDermott poses in front of her craft brewery at Dancing Grain Farm in Moreau.
Paul Post photo

By Paul Post

While many people were at the beach or enjoying backyard barbecues, Rachel McDermott spent Fourth of July weekend harvesting barley for her new craft brewery.

Ninety percent of Dancing Grain Brewery’s ingredients are raised in fields surrounding the farm-based business, located at 180 Old West Road in Moreau, just south of Northway Exit 17.

“This is all hand-selected intentionally to give you something you can’t get somewhere else, from people who have painstakingly suffered all the trials and tribulations to make it possible,” McDermott said. “I want to grow really good crops. I want to share that story with people who come here to enjoy good beer. This is the first brewery I know of where a grain farm is taking on this production aspect of beer.”

Raised in Schaghticoke on her family’s West Wind Ag farm, McDermott studied applied economics and management at Cornell University en route to an exciting investment banker’s career with firms in Houston and New York City.

But upon turning 30, she took inventory of her life’s goals and gave it all up to come back home and help out on the farm.

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At Complexions Spa, Owner Denise DuBois Brings A Holistic Approach To Her Processes

Posted onOctober 10, 2022
Denise Dubois, owner of Complexions Spa for Beauty and Wellness.
©2022 Saratoga Photographer.com

By Susan Elise Campbell

If beauty were only skin deep, innovative professional aesthetician Denise Dubois would have had no need to evolve her day spa into Complexions Spa for Beauty and Wellness.

A 1984 graduate of Catherine Hinds Institute of Esthetics, Dubois opened Complexions Spa in 1987 when “a day spa was not really heard of,” she said. 

“The foundation of the business has always been skin care,” said Dubois. “Originally, Complexions occupied 1,200 square feet and had four facial rooms. Besides me there was one other employee who did make-up and answered the phone.”

Today Dubois and her licensed staff offer non-surgical cosmetic procedures, wellness and nutritional consultation and coaching in addition to facials, massage, hair color and design, manicures and pedicures, and more. 

Services are performed from two addresses, in Albany and Saratoga Springs, but  with one overarching holistic approach.

“Lifestyles impact how we look and feel,” said Dubois. “There is a range of medical spa services we can use once we understand what’s going on in the inside and what a client’s lifestyle is like.”

Read More

Cooley Kill Restaurant At Golf Course Expands To Allow It To Operate Year-Round

Posted onOctober 10, 2022
The Cooley Kill Restaurant and Bar in Clifton Park is now open year-round.
©2022 Saratoga Photographer.com

By Jill Nagy

The Cooley Kill Restaurant and Bar at the Van Patten Golf Course in Clifton Park is now open year-round, serving lunch and dinner and Sunday brunch. 

Owners said the change allows the club to expand beyond the limited menu of  snacks and bar food previously available.

Part of the clubhouse was renovated to accommodate the restaurant. Zachary Arsenault is the chef, assisted by a staff of about 20.  Joe Gunther is general manager and Kurt Thompson is the creative director. 

The restaurant offers casual meals in the barroom and on the patio and more formal service in the dining room. 

Special events are planned include a trivia night on Wednesdays, pasta night on Thursdays, prime rib night on Fridays, and brunch and football on Sundays. 

Read More

SEDC President Dennis Brobston to Step Down Later This Year

Posted onSeptember 12, 2022
Dennis Brobston, president, Saratoga Economic Development Corp.
Courtesy Saratoga Economic Development Corp.

Saratoga Economic Development Corporation (SEDC) President Dennis Brobston will leave the non-profit company at the end of the year, ending an almost 15-year tenure that brought transformative projects to both Saratoga County and the Capital Region. Brobston will take some time off early in 2023 to consider his next endeavor.

 
Brobston’s decision was announced today by SEDC Board of Director Chairperson John E. Munter, Jr., who lauded the impact of Brobston and his team.
 
“Every family in Saratoga County and the surrounding counties has access to better employment opportunities because of what Dennis and his team have accomplished,” Munter said. “Our economy has expanded as companies invested in facilities, technology, and talent. Saratoga County is a better place to live work and play because of this team.”
 
Equally important, Munter added, “They have laid the foundation for Saratoga County residents to continue to benefit from a continually growing economy for years to come.”
 
Brobston informed the Board of Directors recently to provide ample time to name his successor, who will be recruited via a search that will include local and regional candidates.
 
Brobston took the helm of SEDC in March 2008. Under his leadership, SEDC has worked with hundreds of businesses to expand or locate in Saratoga County. Private investment since March of 2008 reached $16 billion and job creation grew by over 5,000 while over 4,000 jobs were retained on projects SEDC worked on.
 
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Amtrak Expands Its NYC-Rutland Service, Adding Saratoga Springs, Burlington Stops

Posted onSeptember 12, 2022
The Ethan Allen Express route, run by Amtrak, travels between Rutland and New York City daily and now includes stops in both Burlington and Saratoga Springs.
Courtesy Amtrak

The Saratoga County Chamber of Commerce, in partnership with the Lake Champlain Chamber of Commerce, is promoting the expanded service offered by Amtrak’s Ethan Allen Express and a route that connects Saratoga Springs to Burlington, Vt.,

Officials said it provides residents with a more convenient way to travel between both cities for business and pleasure.

The Ethan Allen Express route, run by Amtrak, travels between Rutland and New York City daily and now includes stops in both Burlington and Saratoga Springs.

Service of the expanded Ethan Allen Express officially began on  July 29 with a celebratory event at Burlington’s Union Station. The expanded service will depart Burlington daily at 10:10 a.m., arriving in Saratoga Springs at 1:55 p.m. The service will depart Saratoga Springs daily at 5:56 p.m., arriving in Burlington at 9:55 p.m.

“This expanded service will not only increase tourism between these two great cities but encourage residents to take advantage of what both vibrant regions have to offer in terms of year-round events, activities, and unique attractions,” said Todd Shimkus, president, Saratoga County Chamber of Commerce.

Read More

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