Displaying items by tag: Ayco, Lisa Shields, Joanne Yepsen, Broadway, Tara Ryan, Tim O'Hara

Friday, 20 October 2017 10:24

Ayco Plans Move to Colonie

Front photo: Outside of the Saratoga Springs office, by www.photoandgraphic.com; and a rendering of the proposed Ayco offices in Colonie provided by Tara Ryan, the company’s vice president of communications.  

SARATOGA SPRINGS – Ayco officials announced this week that a location has been selected in the Town of Colonie for construction of a regional corporate headquarters.

The final design and development approvals are pending in Colonie, officials say.

Still, starting about two years from now, all jobs in Ayco’s offices at 321 Broadway in Saratoga Springs are expected to be transferred to a modern, 150,000-square-foot office structure built at the site of the former Starlite Music Theater near Adirondack Northway Exit 7. 

Tara Ryan, Ayco’s vice president of communications, indicated that the company employs a total of 870 people in the Capital Region. She declined to share the precise number of people who work in the Saratoga Springs office.

Ryan added that “a multitude of factors” led to the decision among corporate officials to select the Colonie location.

The financial planning and investment firm’s offices, which serve clients worldwide, are currently separated among the Broadway location and two other buildings in Albany and Latham.

In a statement, Ayco President and CEO Tim O’Hara said: “We’re excited to progress our plan to consolidate our people in the Capital Region. We believe this will allow us to better serve our clients and increase opportunities for our associates to collaborate and connect.”  

The statement from Ayco reported how “initial moves into the building would begin no earlier than late 2019,” and that company officials are expecting to add 160 new jobs within two years after that date.

Saratoga Springs Mayor Joanne Yepsen, a strong supporter of Ayco expanding their offices on Broadway, responded to the announcement in a hopeful tone. 

“We are pleased that Ayco will still have a significant presence in the city, but very disappointed, despite all our efforts, that they have decided not to build an expanded structure to their current location in Saratoga Springs to meet all their needs,” Yepsen said, in a statement provided by her executive assistant Lisa Shields. 

“I know their employees love the quality of life, working and living in our city,” the mayor said. She added that the opening of new corporate offices for Ayco in Albany County “will be a very different experience.”

“This is a loss for Saratoga Springs, but I am confident we will partner with other great companies in the future,” Yepsen said.

Published in Business

Blotter

  • New York State Police The New York State Police announced that it issued 5,576 tickets during this year’s St. Patrick’s Day enforcement initiative. The campaign began on Friday, March 15, and continued until Sunday, March 17. During the campaign, funded by the Governor’s Traffic Safety Committee, State Police utilized sobriety checkpoints, additional DWI patrols, and underage drinking and sales to minors detail. State Police also ticketed distracted drivers who use handheld electronic devices. State Troopers arrested 132 people for DWI and investigated 199 crashes, which resulted in 25 people being injured and no fatalities. As part of the enforcement, Troopers also…

Property Transactions

  • BALLSTON Heather DiCaprio sold property at 473 Garrett Rd to Justine Levine for $288,000 Sharon Willman sold property at 99 Jenkins Rd to Charles Lemley for $165,000 CORINTH George Montena sold property at 422 Oak St to Stephen James for $142,250 Mark Makler sold property at 313 Oak St to Sabrina Sinagra for $195,000 GREENFIELD Landlord Services of Upstate New York sold property at 1935 NYS Rt 9N to Cochise Properties LLC for $210,000 MALTA  Linda LaBarge sold property at 35 Snowberry Rd to Qu Haozheng for $270,000 Dennis Mitchell sold property at 60 Village Circle North to BGRS Relocation…
  • NYPA
  • Saratoga County Chamber
  • BBB Accredited Business
  • Discover Saratoga
  • Saratoga Springs Downtown Business Association