By Greg Hitchcock
A long-unsed lot on Putnam Street is proposed for the site of a new condominium project in Saratoga Springs.
A design concept by First Fairfield of Connecticut, the $30 million project includes a six-story condominium building and community center at 53 Putnam St., across the street from Saratoga Springs Public Library.
The company said the building will consist of mid-range apartment condominiums, with the hopes of attracting young artists and entrepreneurs.
Laura Manning vice president and COO of First Fairfield, which has an office in Saratoga Springs, said based on findings from soil remediation of the original property—an abandoned warehouse that at one time housed a dry cleaner before C&B Sanitation used the building to store garbage trucks in the 1980s and 90s—the project had to be scaled back.
“Our original plan when we got approval from the city was to keep the existing building and develop it out,” Manning said.
Because of the age of the building and its location in a historic district, Manning said the company decided to take the whole building down and start from scratch.
“We are hoping to keep the first floor to have some type of commercial aspect to it and above would be condos,” Manning said. “We are figuring how many floors we can go up to be economically viable.”
Instead of a six-story condominium building, Manning explained they had to scale back the proposal to four floors.
First Fairfield is seeking permission to demolish the warehouse and construct 41 one- and two-bedroom condominiums.
The proposed project, which is being developed under the name Putnam Resources LLC, calls for constructing 21 one-bedroom condos and 20 two-bedroom units.
The price range would be in the $400,000 to $800,000 range. The size of the condos would range between 800 square feet and 1,300 square feet.
The project is being designed by David D’Amore from AND Architect & Design in Saratoga Springs.
Manning said she hopes the project can begin in March.