SBJ P.O. Box 766 Saratoga Springs, NY 12866
SARATOGA BUSINESS JOURNAL
VOL. 25 NO. 03
HH The Business Newspaper of Saratoga County HH
PRSRT STD U.S. POSTAGE
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GLENS FALLS, NY 12801 PERMIT #600
MAY 2020
www.saratogabusinessjournal.com
Real Estate Investment Company Hopes To Hotel, Tourism Officials Are Hit With Build 6-Story Office Building On Broadway Challenges As Summer Event Season Arrives BY SUSAN E. CAMPBELL Prime Group, a real estate investment company and a major owner/operator of self-storage units, plans to build a six-story building on Broadway in Saratoga Springs that would become its new office spaces and house other tenants. The company has outgrown its office space at 85 Railroad Place in Saratoga Springs and is planning to relocate headquarters to the new construction on Broadway, opposite Congress Park, according to founder and chief executive Bob Moser. The structure’s design calls for six stories with two levels of underground parking. “Our staff will occupy the top two floors and the rest will be rented,” said Moser. “Tenants will be service providers such as lawyers, accountants and the types of companies Prime works with,” he said. “We are a relationship driven company.” The administrative staff in Saratoga Springs is upward of 70 now and will grow to more than 100 by the time the building takes occupancy, he said. “One hundred percent of the operation will be at the new site, including acquisitions, management, executive, and leasing staff,” said Moser. On April 30, Moser’s team met by video with the city Planning Board to present its mixed-use, $25 million project at 269 Broadway, on one-half acre of raw land purchased by Moser from the personal portfolio of Tom Roohan of Roohan Realty, he said. The project team includes professionals from MJ Engineering, C2 Architecture and the law firm of Snyder Kiley Toohey Corbett & Co. LLP. Moser and his colleagues looked for many months for a building that could accommodate the company’s growing needs but found nothing on the market. The location at 269 Broadway is designed for an
This is a rendering of part of a six-story building planned to be built on Broadway. Courtesy Prime Group
entrance and exit off Hamilton Street, he said. “Parking in the area is a scarce commodity, so we pushed for two levels of underground parking for the convenience of employees,” he said. Prime Group is a consolidator of storage facilities. The company builds some of its facilities from scratch, such as the one on Route 50 in Wilton, or aggregates existing facilities into Prime’s institutional quality paradigm. “A Prime Storage facility means it is of a certain size, in a modern style, and has a great location in a retail corridor,” Moser said. “There is a new facility added nationally every four to five months.” Demand for more storage space is driven by a number of factors, mostly lifestyle changes cause as divorce, moving, inheritance, and changing business needs, Continued On Page 5
BY CHRISTINE GRAF Although it is too soon to know what impact the COVID-19 pandemic will have on the local summer tourism season, the local business community is trying to remain optimistic. “We are cautiously optimistic,” said Kevin Tuohy, general manager of the 168-room Holiday Inn on Broadway in Saratoga Springs. “Although each time I read the news, it seems there is less good news coming out. But, at this point, we are going to do everything we can to make sure that we can be as busy as we can possibly be.” Tuohy keeps abreast of information that comes from a variety of sources, including the governor’s office, the chambers of commerce, and Discover Saratoga. He is a board member of Discover Saratoga, and they are providing regular COVID-19 updates at www. discoversaratoga.org. According to Amy Brannigan, senior director of marketing at Saratoga Casino Hotel, the majority of 600 team members were furloughed after the hotel closed March 16. The management team is working to develop a comprehensive plan for reopening that incorporates social distancing and cleaning protocols. In Lake George, it will be more difficult for hotels to weather any lengthy closure. Dunham’s Bay Resort on the east shore just outside the village, is typically open yearround but has closed its 40-room hotel. It’s restaurant remains open for take out only. According to general manager Matt Taormino, the hotel furloughed about 10 percent of it staff. He credits the hotel’s New York City owner for making this possible. “They made a commitment to us when this first started to make sure everybody would have a job that needed a job,” he said. “We’re fortunate that our owners take care of us. They really care about us and take care of the property.” Taormino and his staff are using this time to
SPAC’s summer concert schedule is in question with the COVID-19 situation. ©2020 Saratoga Photographer.com
perform preventative maintenance and make upgrades to bathrooms and banquet rooms. Dunham’s Bay Resort and other local businesses in Lake George are relying on the Lake George Regional Chamber of Commerce for support and guidance. “As our state government charts the reopening strategy, they are looking at it regionally. That is helpful for us,” Lake George Chamber Executive Director Gina Mintzer said. “For us that are in marketing and tourism, we are going to look at it from the standpoint that first we want to get our locals out and about safely and without fear.” “We’re in constant contact with those folks. We also have the Holiday Inn brand behind us, and they are constantly giving us information and updates. It’s changing by the minute,” Tuohy said during the first week of May. “There’s a lot to digest right now. Clearly the business model is going to change quite a bit. Continued On Page 20
WellNow’s Clifton Park Office Is One Of Four ‘Sundaes Best’ Gives Sweet Salute To Area Offering COVID-19 Tests, Seven Days A Week First Responders And Healthcare Workers The first publicly announced coronavirus antibody testing that’s open to the general public is coming to the Capital Region. COVID-19 molecular and antibody testing is available at all WellNow locations, seven days a week, with no appointment needed, the company said. The locations are: • 438 Western Ave., Albany. • 445 Balltown Road, Schenectady. • 1694 Route 9, Clifton Park. • 446 N. Farview Ave., Suite 200, Hudson. Facilities are open 8 a.m. to 8 p.m. daily. Tests will be administered to those who display symptoms or have been exposed to COVID-19, the company said. Results will return in three to five days. Patients in New York can get results by registering for an account at www.mybostonheart.com. Testing is covered in full for patients that carry insurance as part of the CARES Act. For self-pay patients, testing costs $150 for the molecular (PCR) test and $100 for the antibody test, in addition to a charge for the base visit. WellNow takes most insurance, including Medicare, Medicaid, Fidelis and Veterans Affairs TriWest. A number of insurers have waived costsharing for COVID-19 diagnostic testing. “We continue to closely monitor COVID-19
WellNow offices, including the one on Route 9 in Clifton Park, are offering tests for COVID-19. Courtesy WellNow
developments in partnership with our local and state health departments and the Centers for Continued On Page 9
BY JENNIFER FARNSWORTH Since the beginning of the “NY on Pause” shutdown brought about by the coronavirus pandemic, Katie Camarro, owner of Sundaes Best Hot Fudge Sauce, started thinking about what she could do to help. At first, she provided gift baskets to first responders which, she said, served as a pickme-up that reminded them that they are recognized for all they are doing. Soon after, Camarro decided to reach out to her community’s healthcare workers. Sundaes Best donated chocolate to medical staff at the Wilton Medical Arts and Urgent Care, as a way to honor those who work on the front lines, facing the challenges of the virus outbreak. “We simply thought it would be a nice thing to do, and it was so well received by the staff,” said Camarro. Next, Camarro plans to deliver Chocolate Farmer dip and pretzels to each hospital department, with the help of her husband and co-owner Jeff Shinaman. The two have had to adjust the business after realizing that they would not be able to market the product in venues that would normally bring in revenue. Camarro said she is thankful for her wholesale business. “The current status of our world has left us
Sundaes Best Hot Fudge Sauce has gone out to those helping people during these trying times. Courtesy Sundaes Best
feeling vulnerable, like all small businesses. We are eternally grateful for the grocery chains Continued On Page 18