Thursday, 15 February 2018 17:02

SEDC Promotes Second Site in Malta

SARATOGA SPRINGS – By this summer, a craft brewery will be utilizing some of the 25,000 square feet of new commercial space proposed for 7 Stonebreak Road in Malta, according to the Saratoga Economic Development Corporation (SEDC).

An initial tenant, Unified Beerworks, plans to occupy over 6,000 square feet of space, supporting seven full-time jobs in its first year and 15 by year three.

A groundbreaking is scheduled for March, and construction is expected to be complete in July with the support of about 50 construction jobs.

The SEDC indicates that commercial developer MJ Properties of Clifton Park has committed to a $2.5 million private investment for the project.

The 2.82-acre site—near the Luther Forest Technology Campus—matches a previous investment in an identical building by MJ Properties at 9 Stonebreak Road.

Officials at SEDC are collaborating with the Saratoga County Industrial Development Agency to provide tax incentives, which would allow the developer to move ahead on a craft brewery at competitive lease rates.

A related public hearing is scheduled for 8 a.m. on March 12 at Malta Town Hall. For more information, visit the website https://saratogaedc.com/

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