{"id":40186,"date":"2024-11-12T14:32:56","date_gmt":"2024-11-12T19:32:56","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=40186"},"modified":"2024-11-12T14:32:56","modified_gmt":"2024-11-12T19:32:56","slug":"the-new-owners-of-union-square-have-ambitious-plans-to-improve-the-building","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2024\/11\/the-new-owners-of-union-square-have-ambitious-plans-to-improve-the-building\/","title":{"rendered":"The New Owners Of Union Square Have Ambitious Plans To Improve The Building"},"content":{"rendered":"
\"\"
New owners Ryan and Erin Connor are set to revitalize Union Square in Glens Falls with commercial and residential spaces. Their plans aim to contribute to the city\u2019s ongoing growth and transformation.
Glens Falls Business Journal<\/figcaption><\/figure>\n

By Paul Post<\/p>\n

Ryan and Erin Connor are just the right people to develop a property ideally located for taking advantage of Glens Falls\u2019 ongoing economic rejuvenation.<\/p>\n

The couple, both RPI grads, recently purchased the three-story, 45,000-square-foot Union Square building at 9-15 Broad Street, just around the corner from South Street, a cornerstone of the city\u2019s revitalization.<\/p>\n

The acquisition, financed by NBT Bank, was for approximately $1.6 million.<\/p>\n

\u201cThe prior owner, Tom O\u2019Neil, did a lot of capital improvements,\u201d Ryan said. \u201cHe upgraded gas service, installed an elevator. The building\u2019s got great bones. We\u2019re going to further that a bit, focusing on the roof and grounds. From there we\u2019ll be looking to add a mix of commercial and residential space depending on where it is in the building.\u201d<\/p>\n

There\u2019s currently an eclectic mix of business and professional tenants such as a day spa, chemical firm, mortgage group, legal and architectural firms occupying spaces ranging from 1,000 to 3,000 square feet.<\/p>\n

<\/span><\/span><\/b><\/span><\/span>But the building, including a spacious basement in addition to three overhead stories, is only half full and the wide-open top floor is completely vacant. This space, with a separate Pine Street entrance and ample parking, is most suitable for apartments and it\u2019s within easy walking distance of downtown shops and restaurants.<\/p>\n

\u201cWe\u2019re looking to develop the building to best suit the community, but apartments are a need in the area,\u201d Ryan said. \u201cIt does seem appropriate for that. They would be for one and two bedrooms.\u201d<\/p>\n

The Connors, who grew up in the Glens Falls area, have owned Queensbury-based EBRM Properties LLC since 2008. \u201cBasically we\u2019ve been improving older homes in the Glens Falls area including three on Glen Street, mostly residential up to this point,\u201d Ryan said. \u201cThis one has more of a commercial aspect than we\u2019ve done in the past. We were wrapping up work on other properties, were looking for our next project and saw this on the market.\u201d<\/p>\n

The Connors\u2019 extensive engineering backgrounds are well-suited for their new upcoming plans. Ryan said Erin specializes in layout, materials selection and the general look of things.<\/p>\n

\u201cWhen you get into these old buildings you get into a lot of old construction problems,\u201d he said. \u201cYou need to figure out what to do. That\u2019s what I view as my strength, to engineer a solution and also plan out the project itself.\u201d<\/p>\n

\u201cOver time I\u2019ve grown to love building science and doing general construction,\u201d Ryan said. \u201cI\u2019m always doing something related to construction, whether it\u2019s our own place or apartments. I\u2019m always doing projects, always bringing creativity to them. Erin really enjoys design so she and I complement each other. We always look to challenge ourselves. We take a lot of pride in what we can turn a place into.\u201d<\/p>\n

To date, the Connors have renovated 25 apartments near downtown, priced from $900 to $1,400 per month.<\/p>\n

\u201cThere\u2019s a lot of variables,\u201d Ryan said. \u201cCost depends on size, is there laundry, parking, is heat included? We definitely look to keep our housing affordable and clean. We value good, long-term tenants. There is demand for apartments with amenities and parking close to downtown. That\u2019s what we\u2019ve learned with our experiences on Glen Street.\u201d<\/p>\n

\u201cOur strategy at Union Square is incremental improvement,\u201d he said. \u201cWe\u2019re going to keep what\u2019s good going and look to further it. There\u2019s a lot of good happening on South Street. You can definitely see things moving. We want to contribute to that revitalization with this building.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

By Paul Post Ryan and Erin Connor are just the right people to develop a property ideally located for taking advantage of Glens Falls\u2019 ongoing economic rejuvenation. The couple, both RPI grads, recently purchased the three-story, 45,000-square-foot Union Square building at 9-15 Broad Street, just around the corner from South Street, a cornerstone of the […]<\/p>\n","protected":false},"author":89,"featured_media":40187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-40186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\r\nThe New Owners Of Union Square Have Ambitious Plans To Improve The Building - 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\/2024\/11\/the-new-owners-of-union-square-have-ambitious-plans-to-improve-the-building\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"The New Owners Of Union Square Have Ambitious Plans To Improve The Building - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Paul Post Ryan and Erin Connor are just the right people to develop a property ideally located for taking advantage of Glens Falls\u2019 ongoing economic rejuvenation. 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