{"id":19563,"date":"2016-07-07T10:10:57","date_gmt":"2016-07-07T14:10:57","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/07\/plans-for-mechanicville-apartment-complex-scaled-down-available-to-mixed-incomes.html"},"modified":"2017-11-08T13:35:56","modified_gmt":"2017-11-08T18:35:56","slug":"plans-for-mechanicville-apartment-complex-scaled-down-available-to-mixed-incomes","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2016\/07\/plans-for-mechanicville-apartment-complex-scaled-down-available-to-mixed-incomes\/","title":{"rendered":"Plans For Mechanicville Apartment Complex Scaled Down, Available To Mixed Incomes"},"content":{"rendered":"\n<div class=\"img-left\">\n<div>\n<img loading=\"lazy\" decoding=\"async\" alt=\"mechanicville apartment complex hc.jpg\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2016\/07\/mechanicville20apartment20complex20hc.jpg\" width=\"300\" height=\"220\" class=\"alignleft\">\n<\/div>\n<div class=\"img-caption\">\nAn official for NRP Group LLC, a company planning a large apartment complex in Mechanicville, said they will look somewhat like these buildings the company has in the Pittsburgh area.<\/p>\n<p>Courtesy NRP Group LLC\n<\/p><\/div>\n<\/div>\n<p>By Jill Nagy<\/p>\n<p>Plans for a 300-unit luxury apartment development in Mechanicville have morphed into a slightly smaller project aimed at people with a range of incomes. In the process, Logistics One, the original developer, has contracted to sell the development rights to NRP Group LLC.<\/p>\n<p>&#8220;Building apartments is not really our thing,&#8221; said Bill McNeary, president of Logistics One, a Saratoga Springs company in the trucking and warehousing business. McNeary first planed and proposed the project.<\/p>\n<p>For NRP, a national company headquartered in Cleveland, on the other hand, apartments are very much their thing. They build some 3,000 of them a year, according to Chris Dirr, vice president for development in the company&#8217;s Buffalo office.<\/p>\n<p>NRP recently completed a two-phase townhouse development in the town of Moreau&#8211;Sisson Reserve 1 and 2. Dirr said one of the company&#8217;s developments in suburban Pittsburgh, called Ascent 430, has the &#8220;look and feel&#8221; of the proposed Mechanicville development.<\/p>\n<p>The project is planned for a riverfront property at the junction of Route 4 and Route 32, a 10-acre site previously occupied by a Logistics One warehouse building. The address is 230 North Main St. Dirr described it as within walking distance of Mechanicville&#8217;s downtown core.<\/p>\n<p>&#8220;We want residents to use city facilities,&#8221; he said.<\/p>\n<p><!--more-->The change from a luxury development to a mixed-income one came in response to comments from Mechanicville residents.<\/p>\n<p>&#8220;The community thought the original rents were too high for locals to move in,&#8221; Dirr said, referring to public hearings held about the proposal. The layout of NRP&#8217;s project will also be a little less dense than the original layout.<\/p>\n<p>While plans are not final, NRP is looking at between 230 and 250 units in six buildings, with 90 percent of them being one- or two-bedroom apartments and the rest being three bedrooms. There will also be a clubhouse with meeting and conference rooms, a kitchenette, activity space, the developer&#8217;s offices and maintenance headquarters, and a &#8220;modest&#8221; fitness center, he said.<\/p>\n<p>Rents will range from $750 to $1,400 per month, plus utilities, for the one-bedroom apartments, which will range in size from 650 to 1,200 square feet.<\/p>\n<p>NRP has retained a civil engineer and expects to begin interviewing architects in late July. The company will be its own general contractor and construction manager.<\/p>\n<p>&#8220;Our company does development. We tend to construct what we develop,&#8221; Dirr said.<\/p>\n<p>The development will probably go up one building at a time, waiting for one to fill up with tenants before beginning construction of the next one, according to Dirr.<\/p>\n<p>He expects to be able to start in late fall of 2016 or early spring of 2017, with the first building ready for occupancy a year later.<\/p>\n<p>Information is on the company website at www.NRPGroup.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> An official for NRP Group LLC, a company planning a large apartment complex in Mechanicville, said they will look somewhat like these buildings the company has in the Pittsburgh area. Courtesy NRP Group LLC By Jill Nagy Plans for&#8230;<\/p>\n","protected":false},"author":121,"featured_media":26579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-19563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-summer-construction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Plans For Mechanicville Apartment Complex Scaled Down, Available To Mixed Incomes - 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\/2016\/07\/plans-for-mechanicville-apartment-complex-scaled-down-available-to-mixed-incomes\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Plans For Mechanicville Apartment Complex Scaled Down, Available To Mixed Incomes - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"An official for NRP Group LLC, a company planning a large apartment complex in Mechanicville, said they will look somewhat like these buildings the company has in the Pittsburgh area. 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