{"id":35616,"date":"2020-12-11T15:52:49","date_gmt":"2020-12-11T20:52:49","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=35616"},"modified":"2020-12-14T10:29:48","modified_gmt":"2020-12-14T15:29:48","slug":"executive-woods-mixed-use-park-will-see-expansion-50-new-apartment-units-planned","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/12\/executive-woods-mixed-use-park-will-see-expansion-50-new-apartment-units-planned\/","title":{"rendered":"Executive Woods Mixed-Use Park Will See Expansion; 50 New Apartment Units Planned"},"content":{"rendered":"
\"\"
This is Executive Woods in Clifton Park where 50 new apartments will be built.
Courtesy DCG Development<\/figcaption><\/figure>\n

By Susan Elise Campbell
\nDCG Development Co. has planned an expansion of residential space in Executive Woods, one of three mixed-use office parks the company has near the intersection of Route 9 and Route 146 in Clifton Park.
\nAccording to Donald MacElroy, DCG vice president, the project will include completely re-purposing an existing structure. They will also build a new one. The result will be a total 50 rental units that MacElroy said will appeal to the middle market.
\n\u201cNew apartments have not been built in Clifton Park in many years,\u201d said MacElroy. \u201cAs products age and grow out of use, others step in to take over.\u201d
\nMacElroy said there is \u201cpent-up demand for apartments, particularly new construction.\u201d He expects that middle-income jobs will continue coming into the area because \u201cmany of the businesses springing up around that intersection are health care facilities, bringing in new employment opportunities.\u201d
\nExecutive Woods is on the north side of Route 146 and has a two-story, 20,000-square-foot professional office building that will be converted into 34 rental units, he said. Floor plans are being developed. All walls and partitions will be removed and new utility systems installed.
\n\u201cThere will be a new face to the building in a style similar to projects that have come online,\u201d said MacElroy. \u201cArchitectural guidelines are part of the Town Center plan and we are likely to include a masonry component.\u201d
\nThe new three-story building will have 16 rental units.
\n\u201cThe total project will offer a mix of one bedrooms, one bedroom with den, and two-bedroom units starting in the $1,600 per month price range,\u201d said MacElroy.
\nDCG has the role of general contractor and will sub-contract to local builders that have yet to be named.
\nThe project is likely to get underway in the spring. MacElroy said the planning process is \u201cmore of a challenge in these times because board meetings are being handled remotely. The Town has done a good job managing the process.\u201d
\nDCG\u2019s three projects near Exit 9 include the mall at Clifton Park Centre, 5 Maxwell Drive and Executive Woods. The firm develops commercial properties in downtown, rural, and suburban environments throughout Saratoga County and surrounding communities.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Susan Elise Campbell DCG Development Co. has planned an expansion of residential space in Executive Woods, one of three mixed-use office parks the company has near the intersection of Route 9 and Route 146 in Clifton Park. According to Donald MacElroy, DCG vice president, the project will include completely re-purposing an existing structure. They […]<\/p>\n","protected":false},"author":196,"featured_media":35617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-35616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\r\nExecutive Woods Mixed-Use Park Will See Expansion; 50 New Apartment Units Planned - 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\/2020\/12\/executive-woods-mixed-use-park-will-see-expansion-50-new-apartment-units-planned\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Executive Woods Mixed-Use Park Will See Expansion; 50 New Apartment Units Planned - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Susan Elise Campbell DCG Development Co. has planned an expansion of residential space in Executive Woods, one of three mixed-use office parks the company has near the intersection of Route 9 and Route 146 in Clifton Park. 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