{"id":18729,"date":"2016-02-04T21:10:18","date_gmt":"2016-02-05T02:10:18","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices.html"},"modified":"2017-11-08T13:37:55","modified_gmt":"2017-11-08T18:37:55","slug":"re-designed-excelsior-park-development-continues-under-burns-management-auspices","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/","title":{"rendered":"Re-Designed Excelsior Park Development Continues Under Burns Management Auspices"},"content":{"rendered":"\n<div class=\"img-left\">\n<div>\n<img loading=\"lazy\" decoding=\"async\" alt=\"excelsior park-hc.jpg\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2016\/02\/excelsior20park-hc.jpg\" width=\"300\" height=\"222\" class=\"alignleft\">\n<\/div>\n<div class=\"img-caption\">\n<p>A portion of this Excelsior Park neighborhood being developed was sold to James Burns and<br \/>\nPeter Rosecrans Jr. of Burns Management, an Albany-based real estate management company.\n<\/p><\/div>\n<\/div>\n<p>BY MAUREEN WERTHER<\/p>\n<p>The path of real estate development rarely<br \/>\nruns swiftly or in a straight line, as evidenced<br \/>\nby the changes occurring at the Excelsior Park<br \/>\ndevelopment site located just minutes from<br \/>\ndowntown Saratoga.<\/p>\n<p>Nearly 10 years ago, John Witt of Witt Construction<br \/>\noriginally envisioned the property to<br \/>\ncontain more than 200 condominiums. But, as<br \/>\nthe market for condominiums lessened, the<br \/>\nproject was shut down after the first 30 units<br \/>\nwere built and sold.<\/p>\n<p>As the real estate market surged, Witt<br \/>\nresurrected his project, albeit with a different<br \/>\nfocus on the types of units being built.<br \/>\nIn response to the need for affordable rental<br \/>\nunits in and around town, Witt sold a portion<br \/>\nof the Excelsior Park neighborhood to<br \/>\nJames Burns and Peter Rosecrans Jr. of Burns<br \/>\nManagement, an Albany-based real estate<br \/>\nmanagement company.<\/p>\n<p>The company paid $1.58 million for the<br \/>\nproperty and plans to invest another $20 million<br \/>\non construction of the units.<\/p>\n<p><!--more--><br \/>\nPeter Rosecrans, a partner with Burns Management,<br \/>\nnoted that they are a &#8220;management<br \/>\nfirm and not a construction firm.&#8221; Therefore,<br \/>\nthey have hired British American as the construction<br \/>\nmanager for the project.<\/p>\n<p>Witt&#8217;s re-designed neighborhood also includes<br \/>\nthe construction of 18 row houses and<br \/>\nhe is awaiting final approval from the city<br \/>\nplanning board to create what he calls a &#8220;little<br \/>\njewel neighborhood&#8221; within walking distance<br \/>\nto the vibrant downtown area. The cost of<br \/>\nthe homes will range from mid-$200,000 to<br \/>\n$300,000 or more.<\/p>\n<p>As a lifelong resident of Saratoga Springs,<br \/>\nWitt has a passion for preservation and for<br \/>\ncreating living environments that complement<br \/>\nthe city and its history. He stressed the<br \/>\nsignificance of the property, noting that is it<br \/>\nthe site of the historic mud baths.<\/p>\n<p>When he first began building on the site,<br \/>\nhe constructed the Spruce Run Trail, a now<br \/>\npopular path for joggers and dog walkers. Witt<br \/>\ndonated that trail to the city and sees it as a<br \/>\ngreat connector between the new development<br \/>\nand the downtown area.<\/p>\n<p>Witt also worked with architect and urban<br \/>\nplanner, Dominick Ranieri on the design of<br \/>\nthe apartments and row homes and said he<br \/>\nis &#8220;thrilled&#8221; with the plans for the new community.<\/p>\n<p>Rosecrans is also excited about the project,<br \/>\nwhich he expects to be in full swing by the<br \/>\nspring. Rosecrans said he&#8217;s been aware of<br \/>\nthe project since its inception and thought it<br \/>\nwas a great piece of property because of its<br \/>\nproximity to the downtown area, its access to<br \/>\nthe nearby trails and its convenience to the<br \/>\nNorthway.<\/p>\n<p>When they were approached by Witt about<br \/>\na year and a half ago with a proposal for taking<br \/>\nover the construction management of the<br \/>\nrental portions of the site, they felt it was a<br \/>\ngreat opportunity.<\/p>\n<p>Burns Management currently owns 18<br \/>\napartment complexes in Albany, Saratoga, and<br \/>\nSchenectady counties. Its focus is on creating<br \/>\n&#8220;a high end, customer-service oriented lifestyle<br \/>\nexperience&#8221; for their tenants and they<br \/>\nare excited about the rentals they&#8217;ll be able<br \/>\nto offer prospective tenants at the Excelsior<br \/>\nPark, said Rosecrans.<\/p>\n<p>They are particularly excited about the<br \/>\nproject&#8217;s ability to offer unique unit types to a<br \/>\ndiverse clientele, ranging from young professionals<br \/>\nto retired people looking to downsize<br \/>\nbut not sacrifice comfort and amenities. All<br \/>\napartments will include interesting floor<br \/>\nplans, high end appliances and countertops<br \/>\nand parking.<\/p>\n<p>&#8220;Each apartment building has 27 below<br \/>\ngrade parking spaces, plus additional lots<br \/>\ndedicated specifically to the apartment dwellers,&#8221;<br \/>\nnoted Rosecrans.<\/p>\n<p>Witt said residents who need to get into the<br \/>\ndowntown area in a hurry will have easy access<br \/>\nto the bus route, which picks up at nearby Excelsior<br \/>\nAvenue. Both he and Rosecrans anticipate<br \/>\nthe city trolley adding Excelsior Park as a<br \/>\nstop on its route as the neighborhood grows.<\/p>\n<p>Burns Management has already begun<br \/>\nreceiving rental inquiries and, in addition to<br \/>\nits own property management team, is &#8220;100<br \/>\npercent supportive of outside realtors bringing<br \/>\nin potential renters,&#8221; said Rosecrans. The<br \/>\nstudio units will range in size from 630 square<br \/>\nfeet to 700 square feet, with a monthly rent<br \/>\nbetween $1,050 and $1,200. The one- and<br \/>\ntwo-bedroom units will be between 1,200 to<br \/>\n1,350 square feet and cost between $1,800 and<br \/>\n$2,300 per month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> A portion of this Excelsior Park neighborhood being developed was sold to James Burns and Peter Rosecrans Jr. of Burns Management, an Albany-based real estate management company. BY MAUREEN WERTHER The path of real estate development rarely runs swiftly&#8230;<\/p>\n","protected":false},"author":121,"featured_media":25273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-18729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Re-Designed Excelsior Park Development Continues Under Burns Management Auspices - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Re-Designed Excelsior Park Development Continues Under Burns Management Auspices - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"A portion of this Excelsior Park neighborhood being developed was sold to James Burns and Peter Rosecrans Jr. of Burns Management, an Albany-based real estate management company. BY MAUREEN WERTHER The path of real estate development rarely runs swiftly...\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Saratoga Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2016-02-05T02:10:18+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2017-11-08T18:37:55+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2016\/02\/excelsior20park-hc.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"850\" \/>\r\n\t<meta property=\"og:image:height\" content=\"629\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"Saratoga Business Journal\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saratoga Business Journal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/\",\"name\":\"Re-Designed Excelsior Park Development Continues Under Burns Management Auspices - Saratoga Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2016\/02\/excelsior20park-hc.jpg\",\"datePublished\":\"2016-02-05T02:10:18+00:00\",\"dateModified\":\"2017-11-08T18:37:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/ddf5fd6df8c43505ff3a5fb93e64871d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/#primaryimage\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2016\/02\/excelsior20park-hc.jpg\",\"contentUrl\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2016\/02\/excelsior20park-hc.jpg\",\"width\":850,\"height\":629},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Re-Designed Excelsior Park Development Continues Under Burns Management Auspices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#website\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/\",\"name\":\"Saratoga Business Journal\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/ddf5fd6df8c43505ff3a5fb93e64871d\",\"name\":\"Saratoga Business Journal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2c854d5e50c70dc686bfc980524ca4f5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2c854d5e50c70dc686bfc980524ca4f5?s=96&d=mm&r=g\",\"caption\":\"Saratoga Business Journal\"},\"sameAs\":[\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/\"],\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/author\/saratogabusinessjournal\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Re-Designed Excelsior Park Development Continues Under Burns Management Auspices - Saratoga Business Journal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/","og_locale":"en_US","og_type":"article","og_title":"Re-Designed Excelsior Park Development Continues Under Burns Management Auspices - Saratoga Business Journal","og_description":"A portion of this Excelsior Park neighborhood being developed was sold to James Burns and Peter Rosecrans Jr. of Burns Management, an Albany-based real estate management company. BY MAUREEN WERTHER The path of real estate development rarely runs swiftly...","og_url":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/","og_site_name":"Saratoga Business Journal","article_published_time":"2016-02-05T02:10:18+00:00","article_modified_time":"2017-11-08T18:37:55+00:00","og_image":[{"width":850,"height":629,"url":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2016\/02\/excelsior20park-hc.jpg","type":"image\/jpeg"}],"author":"Saratoga Business Journal","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Saratoga Business Journal","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/","url":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/","name":"Re-Designed Excelsior Park Development Continues Under Burns Management Auspices - Saratoga Business Journal","isPartOf":{"@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/#primaryimage"},"image":{"@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/#primaryimage"},"thumbnailUrl":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2016\/02\/excelsior20park-hc.jpg","datePublished":"2016-02-05T02:10:18+00:00","dateModified":"2017-11-08T18:37:55+00:00","author":{"@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/ddf5fd6df8c43505ff3a5fb93e64871d"},"breadcrumb":{"@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/#primaryimage","url":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2016\/02\/excelsior20park-hc.jpg","contentUrl":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2016\/02\/excelsior20park-hc.jpg","width":850,"height":629},{"@type":"BreadcrumbList","@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/02\/re-designed-excelsior-park-development-continues-under-burns-management-auspices\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/"},{"@type":"ListItem","position":2,"name":"Re-Designed Excelsior Park Development Continues Under Burns Management Auspices"}]},{"@type":"WebSite","@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#website","url":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/","name":"Saratoga Business Journal","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/ddf5fd6df8c43505ff3a5fb93e64871d","name":"Saratoga Business Journal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2c854d5e50c70dc686bfc980524ca4f5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c854d5e50c70dc686bfc980524ca4f5?s=96&d=mm&r=g","caption":"Saratoga Business Journal"},"sameAs":["https:\/\/www.saratoga.com\/saratogabusinessjournal\/"],"url":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/author\/saratogabusinessjournal\/"}]}},"_links":{"self":[{"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/posts\/18729"}],"collection":[{"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/comments?post=18729"}],"version-history":[{"count":1,"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/posts\/18729\/revisions"}],"predecessor-version":[{"id":30854,"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/posts\/18729\/revisions\/30854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/media\/25273"}],"wp:attachment":[{"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/media?parent=18729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/categories?post=18729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-json\/wp\/v2\/tags?post=18729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}