{"id":41194,"date":"2025-12-18T10:30:22","date_gmt":"2025-12-18T15:30:22","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=41194"},"modified":"2025-12-18T10:30:22","modified_gmt":"2025-12-18T15:30:22","slug":"bonacio-advances-luxury-condominium-projects-in-growing-saratoga-springs-market","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2025\/12\/bonacio-advances-luxury-condominium-projects-in-growing-saratoga-springs-market\/","title":{"rendered":"Bonacio Advances Luxury Condominium Projects In Growing Saratoga Springs Market"},"content":{"rendered":"
\"\"
Bonacio Development is completing two luxury condominium projects in Saratoga Springs, including The Waldorf and 78 Church Street, offering high-end finishes and walkable downtown living.
Courtesy Bonacio Development<\/figcaption><\/figure>\n

By Paul Post<\/p>\n

Bonacio Development is nearing completion of two high-end, Saratoga Springs condominium projects with some units priced at more than $2.2 million.<\/p>\n

The Waldorf, at 122 Regent Street, is an historic Tudor-style carriage house dating to the early 20th century, which the firm has converted to five units.<\/p>\n

\u201cThe location is ideal, steps away from the starting gate at the track and steps away from walking through Congress Park to Broadway in downtown,\u201d company President Julie Bonacio said. \u201cIt\u2019s pretty special in that aspect.\u201d<\/p>\n

High-end finishes are found throughout including herringbone hardwood floors, fireplaces, coffered ceilings, quartz countertops and gourmet appliances. Each of the building\u2019s five units have private outdoor spaces and garages, and two have rooftop terraces.<\/p>\n

A furnished model was opened for prospective buyers in late November and all units will be finished by January 1.<\/p>\n

\u201cFor people coming out of a big house, downsizing, but still wanting a little yard this is the perfect mix,\u201d Bonacio said. \u201cWith condos, it\u2019s easy living. Just shut the door and go travel if you want to.\u201d<\/p>\n

<\/span><\/span><\/b><\/span><\/span>A homeowners association covers water, sewer, snow removal, exterior common area maintenance and building insurance. Residents are responsible for lawn mowing, but yards although quite small still have room enough for people who like to garden.<\/p>\n

Bonacio bought the building two years ago from The Waldorf School and has made a $10 million investment, including the purchase price, converting it to condominiums.<\/p>\n

\u201cIt was originally part of the Mabee Mansion on Union Avenue,\u201d Bonacio said. \u201cBack in the day this carriage house housed numerous things, but they also had electric cars in there, which I find fascinating.\u201d<\/p>\n

Through the years it had been used as a home and was also owned by Skidmore College before The Waldorf School acquired it.<\/p>\n

\u201cWe had the vision of keeping the integrity of that historic beauty and architecture,\u201d Bonacio said.<\/p>\n

Each unit, ranging in size from 1,800 to 2,000 square feet, has three bedrooms and 2.5 baths. If desired, elevator access can be provided, also.<\/p>\n

The Waldorf units are priced starting at $2.2 million.<\/p>\n

The company\u2019s other condominium project, a new 72,000-square-foot, five-story building with 23 units, is at 78 Church Street four blocks west of Broadway.<\/p>\n

The top four floors have condos and the ground floor has two commercial spaces, parking and a community room residents may use for events such as family gatherings or business meetings.<\/p>\n

Condominium marketing is far reaching, including internationally, with outlets such as The Wall Street Journal and the duPont Registry, a luxury lifestyle brand.<\/p>\n

\u201cYou\u2019re going to get a mix of people,\u201d Bonacio said. \u201cSome have horses and come in just for summer for track season. But you see more and more people coming back other times of year because there\u2019s so much to do in Saratoga. People from New York, Washington, D.C. and Boston are coming and falling in love with Saratoga. They might have another home in Florida, and want to spend six months here.\u201d<\/p>\n

Units at 78 Church Street will also be completed by the end of this month.<\/p>\n

The building occupies a space previously occupied by a small strip plaza, which Bonacio razed. The total project is costing $34 million.<\/p>\n

Units are priced from $1.2 million to just under $2 million and range from 1,700 to 2,500 square feet.<\/p>\n

Options include two bedrooms with two baths, two bedrooms with two baths and a den, and three bedrooms with a den and 3.5 baths.<\/p>\n

\u201cThey all have individual balconies, fireplaces, hardwood throughout, gourmet kitchens, ample closet space and big, big windows,\u201d Bonacio said. \u201cThey have an open floor-plan concept that\u2019s great for entertaining.\u201d<\/p>\n

Amenities include a second-floor gym and a rooftop terrace available for all residents\u2019 use.<\/p>\n

\u201cThe building\u2019s location has a neighborhood feel, but it\u2019s walkable to everything,\u201d Bonacio said.<\/p>\n

Like The Waldorf, a home owners association for 78 Church Street covers water, sewer, trash, snow removal, exterior common area maintenance and building insurance.<\/p>\n

Looking ahead to 2026, Bonacio declined to reveal specifics, but said her firm is pursuing plans for another condominium project, walkable to downtown, with units priced from about $450,000 to $700,000.<\/p>\n

\u201cThat should be going online this summer,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Paul Post Bonacio Development is nearing completion of two high-end, Saratoga Springs condominium projects with some units priced at more than $2.2 million. The Waldorf, at 122 Regent Street, is an historic Tudor-style carriage house dating to the early 20th century, which the firm has converted to five units. \u201cThe location is ideal, steps […]<\/p>\n","protected":false},"author":89,"featured_media":41195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-41194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\r\nBonacio Advances Luxury Condominium Projects In Growing Saratoga Springs Market - 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\/2025\/12\/bonacio-advances-luxury-condominium-projects-in-growing-saratoga-springs-market\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Bonacio Advances Luxury Condominium Projects In Growing Saratoga Springs Market - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Paul Post Bonacio Development is nearing completion of two high-end, Saratoga Springs condominium projects with some units priced at more than $2.2 million. 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