{"id":33672,"date":"2019-07-03T10:35:48","date_gmt":"2019-07-03T14:35:48","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=33672"},"modified":"2019-07-10T09:28:11","modified_gmt":"2019-07-10T13:28:11","slug":"first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming\/","title":{"rendered":"First Phase Of Cornerstone Condos In Ballston Spa Complete; More Are Coming"},"content":{"rendered":"<p>&nbsp;<\/p>\n<figure id=\"attachment_33673\" aria-describedby=\"caption-attachment-33673\" style=\"width: 1001px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-33673\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/cornerstone-condos-hc.jpg\" alt=\"\" width=\"1001\" height=\"740\" srcset=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/cornerstone-condos-hc.jpg 1001w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/cornerstone-condos-hc-300x222.jpg 300w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/cornerstone-condos-hc-768x568.jpg 768w\" sizes=\"(max-width: 1001px) 100vw, 1001px\" \/><figcaption id=\"caption-attachment-33673\" class=\"wp-caption-text\">This is one of the completed units at Cornerstone Condominiums in Ballston Spa.<br \/>Courtesy BDC Group<\/figcaption><\/figure>\n<p>by Christine Graf<br \/>\nThe first phase of construction at Cornerstone Condominiums at 55 Cornerstone Drive in Ballston Spa has been completed.<br \/>\nThe condominiums were built and are managed by the BDC Group, a real estate development, design, construction, and management firm. The company is comprised of BDC Holdings Inc., BDC Builders Inc., and BDC Management Inc. They have offices in White Plains and Latham.<br \/>\nTwo- and three-bedroom condominiums have been available for sale since December, company officials said. To date, 11 units have been sold and three are under contract. Once completed, the complex will include 78 units.<!--more--><br \/>\nCornerstone Condominiums sit on just over 11 acres of land. All units have nine-foot ceilings, granite countertops, stainless steel appliances, attached garages, and partially-finished basements that receive limited natural lights.<br \/>\nFirst-floor condominiums have two bedrooms and measure between 1,360 and 1,387 square feet. Second-floor units have three bedrooms and measure between 1,738 and 1,761 square feet. Prices start at $249,000 for two bedrooms and $269,000 for three bedrooms.<br \/>\nThe company said the condominiums are maintenance-free which means all lawn care and snow removal services are provided. The complex features a dog park as well as an outdoor gathering area where residents can host small gatherings. The monthly homeowners association fee is $189\/month.<br \/>\nAccording to partner and creative director, Michael Marfione, \u201cIt\u2019s the only condo project in the area that has all of the different amenities at that price range.\u201d<br \/>\nHe anticipated that the final phase of construction at Cornerstone will be completed within two to three years. The time frame is dependent on how quickly the condominiums sell.<br \/>\nBecause the complex is maintenance free, Marfione expected Cornerstone\u2019s primary demographic to be individuals at or near retirement age.<br \/>\n\u201cI thought it would be a lot of people who were retiring and attracted to the maintenance-free idea, but now we have younger families coming in. I feel like the community that is slowly, organically, growing here is a good fit for the Ballston Spa community,\u201d he said.<br \/>\nAlthough Cornerstone is BDC\u2019s first project in the Ballston Spa area, they have another project under construction in downtown Troy. Called King\u2019s Landing, it is a 55-unit luxury apartment building facing the Hudson River. They also have several other projects in the development phase including one in Milton.<br \/>\nAccording to Marfione, BDC Group has ties to the Blitman Development Corp.<br \/>\n\u201cMy brother was a partner with Howard Blitman. They have a history of developing in the Capital District. In the last two years, we have kind of spawned from that and started the BDC Group. It\u2019s kind of a rebranding. It\u2019s a whole different entity.\u201d<br \/>\nMarfione\u2019s brother, Cosmo, serves as BDC Group managing principal and director of development and engineering.<br \/>\n\u201cA lot of the partners went to RPI, and we have a strong affiliation with the community there,\u201d said Marfione. \u201cWe are a younger, energetic group that are excited to work within the capital district. This (Cornerstone Condominiums) is going to be the first project of many.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; by Christine Graf The first phase of construction at Cornerstone Condominiums at 55 Cornerstone Drive in Ballston Spa has been completed. The condominiums were built and are managed by the BDC Group, a real estate development, design, construction, and management firm. The company is comprised of BDC Holdings Inc., BDC Builders Inc., and BDC [&hellip;]<\/p>\n","protected":false},"author":196,"featured_media":33673,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-33672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-summer-construction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>First Phase Of Cornerstone Condos In Ballston Spa Complete; More Are Coming - 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\/2019\/07\/first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"First Phase Of Cornerstone Condos In Ballston Spa Complete; More Are Coming - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"&nbsp; by Christine Graf The first phase of construction at Cornerstone Condominiums at 55 Cornerstone Drive in Ballston Spa has been completed. The condominiums were built and are managed by the BDC Group, a real estate development, design, construction, and management firm. The company is comprised of BDC Holdings Inc., BDC Builders Inc., and BDC [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Saratoga Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2019-07-03T14:35:48+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2019-07-10T13:28:11+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/cornerstone-condos-hc.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"1001\" \/>\r\n\t<meta property=\"og:image:height\" content=\"740\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"jessewinters\" \/>\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=\"jessewinters\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 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\/2019\/07\/first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming\/\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming\/\",\"name\":\"First Phase Of Cornerstone Condos In Ballston Spa Complete; More Are Coming - Saratoga Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/cornerstone-condos-hc.jpg\",\"datePublished\":\"2019-07-03T14:35:48+00:00\",\"dateModified\":\"2019-07-10T13:28:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/b937a48daf87d7a8bd713a73b5d6a1ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/07\/first-phase-of-cornerstone-condos-in-ballston-spa-complete-more-are-coming\/#primaryimage\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/cornerstone-condos-hc.jpg\",\"contentUrl\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/07\/cornerstone-condos-hc.jpg\",\"width\":1001,\"height\":740,\"caption\":\"This is one of the completed units at Cornerstone Condominiums in Ballston Spa. 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