BALLSTON SPA — This June, residents can begin moving into The Estates at Ballston Spa, an apartment complex located a little less than two miles from the village’s downtown. The apartments are the first phase of a planned three-pronged project that would ultimately create 144 residential units.
Phase one is finishing The Estates at 1419 Saratoga Road, which will include two buildings; one with 24 units and another with 40 units. The luxury apartments are all 2 and 3 bedrooms, with monthly rent prices starting at $1,875. According to Paul Nichols, co-developer of the project, about half of the 24-unit building has already been rented, with a handful more units reserved in the 40-unit building.
Phase two involves building 28 modern farmhouse-style townhomes in the rear of the property. The homes are currently awaiting town approval. If approval is granted, Nichols said that land for the homes could start being cleared this fall.
The final phase of the project entails constructing three additional three-story, mixed-use buildings with another 52 apartments; plus 25,000 square feet of retail and amenity space on the first floor.
“The location itself is really the gateway to Ballston Spa. We found that very appealing,” Nichols said. “We’ve always liked downtown Ballston Spa. It’s quaint with its shops and restaurants, and we think it’s just a great place to live.”
Paragon Residential Management is developing the project alongside general contractor BDC Builders.
