{"id":16393,"date":"2015-03-05T14:43:26","date_gmt":"2015-03-05T19:43:26","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2015\/03\/42m-apartmentresidential-care-facility-planned-by-saratoga-hospital-and-wesley.html"},"modified":"2015-03-05T14:43:26","modified_gmt":"2015-03-05T19:43:26","slug":"42m-apartmentresidential-care-facility-planned-by-saratoga-hospital-and-wesley","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2015\/03\/42m-apartmentresidential-care-facility-planned-by-saratoga-hospital-and-wesley\/","title":{"rendered":"$42M Apartment\/Residential Care Facility Planned By Saratoga Hospital And Wesley"},"content":{"rendered":"<p> BY JILL NAGY<\/p>\n<p>Saratoga Hospital and the Wesley Community<br \/>\nplan a $42-million apartment and residential<br \/>\ncare facility for senior citizens in Malta.<\/p>\n<p>The Malta Town Board has scheduled a public<br \/>\nhearing on the project, including a request<br \/>\nfor a height variance, for March 2. An informal<br \/>\ninformational meeting on the project on Jan.<br \/>\n26 &#8220;went well,&#8221; according to Brian Nealon,<br \/>\nWesley Community CEO.<\/p>\n<p>The town&#8217;s Planning Board recommended<br \/>\napproval at its Dec. 16 meeting. The requested<br \/>\nvariance will allow a building height of 60 feet,<br \/>\nthe same height as the urgent care facility<br \/>\nalready on the parcel.<\/p>\n<p>Two four-story apartment buildings, one<br \/>\nwith market rate rents and the other, with<br \/>\nrent-subsidized apartments for low and<br \/>\nmiddle-income seniors, as well as a residential<br \/>\ncare facility, are planned for a 12-acre parcel<br \/>\non Route 67, west of Northway Exit 12.<\/p>\n<p>The land is in the northern section of a<br \/>\n139-acre Saratoga Medical Park, owned by the<br \/>\nhospital and the site of its new urgent care<br \/>\ncenter. Previously announced plans for a nursing<br \/>\nhome on the land have been abandoned,<br \/>\nsaid Nealon.<\/p>\n<p>The market-rate apartment building will<br \/>\nbe constructed first, he said. It will be a fourstory<br \/>\nstructure with 96 apartments, common<br \/>\nareas, a dining room, a media center, and a lap<br \/>\npool. Construction will probably start toward the end of 2015. The one- and two-bedroom<br \/>\napartments will range in size from 700 square<br \/>\nfeet to 1,300 square feet.<\/p>\n<p>A 75-unit building to house middle- and lowincome<br \/>\nseniors will go up next. These units will<br \/>\nbe in a different building from the market-rate<br \/>\nbuilding because of differing federal and state<br \/>\nrequirements for subsidized housing, Nealon<br \/>\nexplained. Apartment sizes and accompanying<br \/>\namenities will be similar.<\/p>\n<p>Both facilities are planned for people 62<br \/>\nyears of age or older. At least one family member<br \/>\nmust be 62 in order for a family to qualify.<\/p>\n<p>Nealon said he was not sure whether children<br \/>\nor teenagers living with qualifying parents or<br \/>\ngrandparents would be able to live in the units.<\/p>\n<p>After the apartment building, the residential<br \/>\ncare facility will go up, if all goes as planned,<br \/>\nNealon said. It will be an assisted living facility<br \/>\nfor seniors needing some assistance but<br \/>\nnot a nursing home or skilled nursing facility,<br \/>\nNealon explained. Plans for that building are<br \/>\nnot yet as far along as the apartment plans, he<br \/>\nsaid. It will probably start as a 40-bed facility<br \/>\nwith eventual expansion to 80 beds.<\/p>\n<p>Construction of the first building is expected<br \/>\nto take a little over a year, according to Nealon.<br \/>\n&#8220;We don&#8217;t know beyond that,&#8221; he said.<\/p>\n<p>Different legal entities to be created by the<br \/>\nWesley Community will enter into ground lease<br \/>\nagreements with Saratoga Hospital. The new facility will be built and operated by The Wesley<br \/>\nCommunity, a nonprofit agency sponsored<br \/>\nby United Methodist Health and Housing,<br \/>\nInc. It already operates a 36-acre facility in<br \/>\nSaratoga Springs and has had a long-standing<br \/>\npartnership with Saratoga Hospital, including<br \/>\na primary care clinic operated by the hospital at the Wesley Community.<br \/>\nWesley manages the skilled nursing facility<br \/>\naffiliated with the hospital.<\/p>\n<p>When the Malta development is fully built<br \/>\nout, it is expected to create some 110 full- and<br \/>\npart-time jobs with a total payroll of $3.2 million<br \/>\na year, Nealon said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> BY JILL NAGY Saratoga Hospital and the Wesley Community plan a $42-million apartment and residential care facility for senior citizens in Malta. The Malta Town Board has scheduled a public hearing on the project, including a request for a&#8230;<\/p>\n","protected":false},"author":121,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[57,85,93,98],"class_list":["post-16393","post","type-post","status-publish","format-standard","hentry","category-new-businesses","tag-business-news","tag-housing","tag-malta","tag-new-businesses"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>$42M Apartment\/Residential Care Facility Planned By Saratoga Hospital And Wesley - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2015\/03\/42m-apartmentresidential-care-facility-planned-by-saratoga-hospital-and-wesley\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"$42M Apartment\/Residential Care Facility Planned By Saratoga Hospital And Wesley - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"BY JILL NAGY Saratoga Hospital and the Wesley Community plan a $42-million apartment and residential care facility for senior citizens in Malta. 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