MALTA — Developers are targeting the southeast corner of Saratoga Lake for a potential project that would incorporate nearly 100 new condominium units along with a restaurant and other amenities associated with lakefront property in Malta.
Geoffrey Booth - of New York Development Group in Clifton Park, and Sophia Marruso - of Plan and Site Consulting at Ballston Lake, introduced a preliminary discussion of the potential project to the Malta Town Board on Jan. 25, during a town board meeting held virtually and attended by 70 participants.
The project site would feature new construction on property currently owned by the DiDonna Family at the Southshore Marina, located at the intersection of Route 9P and Plains Road near the southeast edge of Saratoga Lake and about 8 miles south of Broadway in Saratoga Springs.
The initial concept includes 96 condominium units anticipated to be approximately 1,500 to 1,800 square feet in size and at a height of two to three stories, Marruso told the board. A per-unit cost has not yet been specified.
“Although we have not defined a price point, this is certainly going to be an upper-end project, not a lower-end project,” said Geoffrey Booth, of New York Development Group. “I want the Board to know this is not meant to attract transients and to have people coming and going. The intent here is for home ownership and people who live in Saratoga and want to enjoy the lake.”
A formal application is expected to be presented “within the next month or two,” Marruso said.