{"id":35638,"date":"2020-12-11T16:03:05","date_gmt":"2020-12-11T21:03:05","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=35638"},"modified":"2020-12-14T10:28:20","modified_gmt":"2020-12-14T15:28:20","slug":"development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/12\/development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard\/","title":{"rendered":"Development Company Will Add 64 Rental Units To \u2018The Lofts At Saratoga Boulevard\u2019"},"content":{"rendered":"<figure id=\"attachment_35639\" aria-describedby=\"caption-attachment-35639\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-35639\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2020\/12\/hays-degelopment-hc-1024x748.jpg\" alt=\"\" width=\"1024\" height=\"748\" srcset=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2020\/12\/hays-degelopment-hc-1024x748.jpg 1024w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2020\/12\/hays-degelopment-hc-300x219.jpg 300w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2020\/12\/hays-degelopment-hc-768x561.jpg 768w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2020\/12\/hays-degelopment-hc.jpg 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-35639\" class=\"wp-caption-text\">These units are part of The Lofts at Saratoga Boulevard. Hayes Development plans to build 64 more units similar in nature to the housing development.<br \/>Courtesy Hayes Development Co.<\/figcaption><\/figure>\n<p>By Christine Graf<br \/>\nHayes Development Co. of Saratoga Springs is building 64 additional townhouse apartments at its The Lofts at Saratoga Boulevard property in Malta.<br \/>\nThe project includes eight townhouse buildings, a tennis court and a dog park. It was designed by Cotler Architecture, and Bonacquisti Brothers Construction of Albany is the general contractor.<br \/>\nConstruction began in July. The first townhouses will be ready for occupancy in early spring. By summer 2021, the remaining townhouses will be available. \u201cWe anticipate reaching full absorption before the completion date,\u201d said Hayes.<br \/>\nThe townhouse apartments are being built on a portion of a six-acre parcel of land that was purchased by Hayes Development for $1.35 million in January. The previous owners had planned a mixed-use development called Blacksmith Square on the property. After they defaulted on tax and mortgage payments, Sunmark Credit Union foreclosed on the land.<br \/>\nHayes Development got it divided into two parcels.<!--more--><br \/>\n\u201cOn the one that is four acres, we are currently constructing the next phase of The Lofts at Saratoga Boulevard. The parcel is contiguous with our current community,\u201d said Robert A. Hayes company principal. \u201cWe have two remaining acres on Route 9 that would lend themselves to mixed use, retail or office. We plan to develop those two acres in the near future. The two acres that are remaining are up along Route 9. There is more than 300 feet of Route 9 road frontage there.\u201d<br \/>\nThe new units will be identical to those in the first phase of development, which was built three years ago. There were 214 two-story, townhouse-style apartments in the first phase and they are all occupied. Hayes said there is a \u201chealthy waiting list\u201d for vacancies.<br \/>\nHe said 20 percent of the units have already been leased.<br \/>\nPhase two rents will be consistent with current rates and are expected to range between $1,500 and $1,800, he said.<br \/>\nOne-bedroom apartments measure 970 square feet and have 1.5 bathrooms. Two-bedroom apartments are 1,340 square feet and have two bathrooms. All units feature offices and attached garages.<br \/>\n\u201cOur units are unique in the fact that they provide office space as well as an extra half-bath, making them ideal for anyone who desires to work from home,\u201d said Hayes.<br \/>\nApartments feature hardwood floors, granite countertops, vaulted ceilings, stainless steel appliances, central air conditioning, and full size washer and dryers. On-site amenities include a clubhouse, indoor pool, fireside luxury spa, billiards, coffee house and lounge, and two fitness centers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Christine Graf Hayes Development Co. of Saratoga Springs is building 64 additional townhouse apartments at its The Lofts at Saratoga Boulevard property in Malta. The project includes eight townhouse buildings, a tennis court and a dog park. It was designed by Cotler Architecture, and Bonacquisti Brothers Construction of Albany is the general contractor. Construction [&hellip;]<\/p>\n","protected":false},"author":196,"featured_media":35639,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-35638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Development Company Will Add 64 Rental Units To \u2018The Lofts At Saratoga Boulevard\u2019 - 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\/2020\/12\/development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Development Company Will Add 64 Rental Units To \u2018The Lofts At Saratoga Boulevard\u2019 - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Christine Graf Hayes Development Co. of Saratoga Springs is building 64 additional townhouse apartments at its The Lofts at Saratoga Boulevard property in Malta. The project includes eight townhouse buildings, a tennis court and a dog park. It was designed by Cotler Architecture, and Bonacquisti Brothers Construction of Albany is the general contractor. Construction [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/12\/development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Saratoga Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2020-12-11T21:03:05+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2020-12-14T15:28:20+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2020\/12\/hays-degelopment-hc.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\r\n\t<meta property=\"og:image:height\" content=\"1096\" \/>\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=\"2 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\/2020\/12\/development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard\/\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/12\/development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard\/\",\"name\":\"Development Company Will Add 64 Rental Units To \u2018The Lofts At Saratoga Boulevard\u2019 - Saratoga Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/12\/development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/12\/development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2020\/12\/hays-degelopment-hc.jpg\",\"datePublished\":\"2020-12-11T21:03:05+00:00\",\"dateModified\":\"2020-12-14T15:28:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/#\/schema\/person\/b937a48daf87d7a8bd713a73b5d6a1ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/12\/development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/12\/development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/12\/development-company-will-add-64-rental-units-to-the-lofts-at-saratoga-boulevard\/#primaryimage\",\"url\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2020\/12\/hays-degelopment-hc.jpg\",\"contentUrl\":\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2020\/12\/hays-degelopment-hc.jpg\",\"width\":1500,\"height\":1096,\"caption\":\"These units are part of The Lofts at Saratoga Boulevard. 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