By Christine Graf
When longtime friends and business partners Michael Dubb and Larry Roth began redevelopment of the historic Rip Van Dam in downtown Saratoga Springs, they planned for the 200,000-square-foot building to include 84 apartments.
They are now considering marketing the units as condominiums.
“Nothing about the building is changing,” said Michael Dubb who is also the owner of Beechwood Homes on Long Island. “The only question is whether it will be rental or sale on the apartment side of it.”
As part of the redevelopment project, The Adelphi and the former Rip Van Dam will be connected and operate as one entity. The building that housed the Rip Van Dam is being expanded and renovated, and the exterior façade has already been updated. In addition to the 84 apartment or condominiums, the building will feature 31 hotel rooms, underground parking, a spa, a state-of-the art gym, meeting rooms, and a business center.