SARATOGA SPRINGS — A new six-story office building may soon be coming to Broadway.
This week, an application anticipated to be reviewed by the Saratoga Springs Planning Board calls for the site plan review of a proposed project at 269 Broadway which will see the construction of a six-story commercial and retail building for mixed-use, as well as an underground parking garage.
The building is slotted to stand on the west side of Broadway, between Broadway and Hamilton Street, just north of Saratoga Central Catholic High School.
The applicants – 269 Broadway LLC – are located at 85 Railroad Place, headquarters of Prime Group Holdings, which owns and manages over $2 billion of self-storage properties across the U.S. According to the Albany Business Review, the company currently employs 70 people downtown and the company’s founder and chief executive Bob Moser expects that number to expand by 50 to 100% with the development of a new
six-story corporate headquarters on Broadway.
The first floor of the building will consist of retail, with the second through sixth floors housing offices. A restaurant will be added to the second floor. At its tallest, the structure will rise to 70 feet in height.
There are currently 24 existing parking spaces on the otherwise vacant lot site where the building will be constructed. The application seeks to add an additional 47, creating a total of 71 spaces. Those spaces will be a part of a two-level underground parking garage accessible via Hamilton Street.