MALTA — Caruso Builders have begun work on a new development of townhomes in Malta near the Malta Drive-In Theatre.
Located at 2782 Route 9, the development will be known as Sage Estates and will contain 34 lots for 68 units, said Anthony Caruso, president of Caruso Builders. Caruso said he was aiming to add a townhome community to his company’s portfolio and cited the convenient location of the development.
“We don’t have any type of townhome community in our portfolio, and it was really something that I was looking to do,” said Caruso. “I felt the location, in close proximity to Exit 13, SPAC, and Saratoga in general, had some really strong benefits.”
The company has completed a majority of site-clearing work, Caruso said, and plans to begin work on infrastructure in the coming weeks. He said the first model home from the development is planned to be constructed in the fall.
“So the direction we’re looking to go with this townhouse site would relate to the other homes that we’re building throughout the area,” Caruso said. “It’s not going to be an entry-level price, but we’d like to try to keep it under what you’d typically see for a product of this type a few minutes outside of Saratoga, or in and around the downtown Saratoga area.”
The development is located across from the Malta Drive-In and is roughly 10 miles south of SPAC and downtown Saratoga Springs.
“Everything that we put into a single-family home plays a part in a townhome,” Caruso said. “It’s just a different product type and opens us up to the clientele that is really not interested in a single-family, and in more of a townhome and townhome community.”
Caruso, who is an area native and founded Caruso Builders in 2009, said it is exciting to continue to develop properties in his home region.