Saratoga Business Journal - August 2021 by Saratoga & Glens Falls Business Journal

SBJ P.O. Box 766 Saratoga Springs, NY 12866

SARATOGA BUSINESS JOURNAL

VOL. 26 NO. 06

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Vapor, Entertainment Facility At Saratoga Pines@SPAC Facility Upgrades Amenities Casino Hotel, To Reopen September 30 And Adds Space For Year-Round Events

Vapor closed in March 2020 and although it could have reopened earlier, Saratoga Casino Hotel kept the entertainment venue closed so it could renovate the space. Saratoga Casino Hotel will reopen its Vapor entertainment space on Thursday, Sept. 30, after being closed for nearly eighteen months during the COVID pandemic. Vapor closed in March 2020 and although they could have reopened earlier this year, Saratoga Casino Hotel chose to keep the entertainment venue closed so it could renovate the space. Vapor will reopen with a new look and new dance floor, and will continue to showcase live entertainment every weekend featuring topperforming local bands with no cover charge. Special events including tributes and national actswillbescatteredthroughouttheentertainment calendar. Shows originally scheduled for 2020, Material Girls and Michael Grandinetti, are now on sale for new fall dates. Material Girls—a tribute performance to Madonna, Cher, Lady Gaga and Adele—will appear on Oct. 8, and illusionist Michael Grandinetti is scheduled for Nov. 19. Tickets originally purchased for the 2020 dates will be honored. To purchase tickets, visit

Courtesy Saratoga Casino Hotel

SaratogaCasino.com or Tix.com. “We can’t wait to get the party started once again,” said Kathleen Anderson, senior director of entertainment and guest services at Saratoga Casino Hotel. “Our dance floor has been empty for way to long and we’re looking forward to an action packed remainder of 2021.” Saratoga Casino Hotel and Vapor will be announcing their no-cover fall line-up in the coming weeks. More information and updates can be found on their website saratogacasino. com. Saratoga Casino Hotel, located on Crescent Avenue in Saratoga Springs, features slot machines, electronic table games, a luxury hotel, Vapor, Morton’s The Steakhouse, two full-service restaurants, a casual dining restaurant, three fullservice bars, deli and a variety of guest services. Simulcast wagering is available and live harness racing runs February through midDecember. For more information, visit www. saratogacasino.com or call 800-727-2990.

This is the VIP section at Pines@ SPAC, a new facility this year that improves visitor services and creates new four-season event space. It was formally opened in July. The Pines@SPAC, a $9.5 million renovation project at the Saratoga Performing Arts Center, a world-class arts and culture destination located in Saratoga Spa State Park, was formally opened in late July. The project improves visitor services and creates new four-season event space. New York State provided $1.5 million in grants from Empire State Development and State Parks, awarded through the Governor’s Regional Economic Development Council initiative. The funding was secured in 2019 and demolition began in October of the same year, with the new facility planned to welcome audiences in June 2020. Additional support was provided by Live Nation. When SPAC was forced to cancel its 2020 season as a result of the COVID-19 pandemic, the new spaces in the facility enabled the center to welcome the community to its campus in a safe, socially distanced way. From July to December, 10,000 people, 50

Courtesy SPAC

people at a time, came to SPAC for wellness, film, culinary and art-based events. Saratoga Performing Arts Center President and CEO Elizabeth Sobol said, “Nowhere is SPAC’s transformation more dramatically evident than in the presence of our new Pines@SPAC facility. The project began with the intent to replace aging concessions and bathroom facilities, but quickly expanded its scope to align with our new mission.” She said the new facilities opened up original site lines, restoring a beautiful park aesthetic to the campus and accommodate SPAC’s growing education program. “The Nancy DiCresce Education Room serves as our first year-round indoor gathering space. And as part of our role as a communal gathering place, the beautiful Julie Bonacio Family Pavilion has now become the beating heart of our Pines campus. We are grateful to the Governor, Continued On Page 16

Matchless Stove And Chimney In Clifton Owner Of Area Napa Stores To Build Large Park Will Move Into New Route 9 Location $3.5 Million Wholesale Distribution Center BY JILL NAGY Matchless Stove and Chimney of Clifton Park plans to move to a new location, 1581 Route 9 in Halfmoon, a retail plaza they recently purchased. The new venue, only two miles south of the company’s present home, will give the company more space, some rental income, and, possibly, a hedge against inflation, according to company owner Jeremiah Madden. Madden found the new location almost by chance. “I was actually driving down Route 9 and saw a sign in the window,” he recalled, “I pulled in one snowy day and had a feeling in my gut it was right.” The building is now undergoing renovation down to the studs for a new showroom. It will also get a new road sign, landscaping, sidewalks, paint and new facing. Madden is calling upon 25 years of remodeling experience to guide the project. Cooney Contracting is doing about 90 percent of the work, he estimated, but Madden is onsite and hands-on everyday. His wife, Sonya, who,

he said, “has a keen eye for design and paint Continued On Page 6

BY JENNIFER FARNSWORTH Saratoga County will soon be home to one of the largest auto parts facilities in the area. Napa Auto Parts retailer and distributor Jeff Shorr Jr. said a 15,600-square-foot retail and wholesale distribution center in Milton will be constructed for $3.5 million. It should be completed next year. Munter Enterprises of Middle Grove will construct the building. The project was awarded $420,000 in tax incentives for the project from the Saratoga County Industrial Development Agency. “We are excited to put down permanent roots in Saratoga County as it is home to our largest store locations and the vast majority of our employees. We should be into the new facility in early quarter one of 2022,” said Jeff Shorr Jr., president of Saratoga Auto Supply. The facility will be located at 352 Rowland St., across from Milton Town Hall. The brake, filter, oil and engine parts supplier’s expansion will be constructed on a vacant 3.1 acre plot. Shorr said they will look to have a total of 30 employees working out of that facility by the end

of 2022, including a combination of sales, office, technical support, warehousing, and delivery personnel. He said he chose Saratoga for the location because he believes it is not only a great region, but he recognizes it’s steady growth since first opening in the area in 2014. “Many more employers are expanding into this region and we have seen significant business growth in and around Saratoga County. Saratoga County is also home to the largest volume of our wholesale B2B customers. Sales to Saratoga County businesses and residents makes up almost 70 percent of our company sales,” said Shorr. He said the Napa stores in Queensbury and Corinth will be well-supported by the new facility, adding they are close in physical location and will allow for the sharing of personnel resources. “The new facility will function as a centralized hub that will provide our customers with the largest auto parts inventory in the area,” said Shorr. Learn more about the Saratoga Auto Parts Napa Auto Supply by visiting www.napaonline. com/en/ny/ballston-spa.

2 • SARATOGA BUSINESS JOURNAL • AUGUST 2021

Local Physician Starts The Business Of Making Fresh, Natural Food For Babies

Personnel Briefs •

NBT Bank announced Mark Sidoti has joined the company as a community banker. He is based at the NBT office located at 295 Broadway in Saratoga Springs. As community banker, Sidoti will be responsible for managing customer relationships and serving as a financial partner for the Saratoga Springs and Glens Falls region. Sidoti brings more than 30 years of business development and sales experience in the telecommunications, payroll, outsourcing, and employee benefits industries. An active member of the community, he serves as the treasurer of the Glens Falls Civic Center Foundation board, and as an ambassador for the Adirondack Regional Chamber of Commerce and the Saratoga County Chamber of Commerce. * * * Upstate Agency LLC announced that Kevin Rucinski recently joined the team as commercial lines practice leader. Rucinski will be responsible for the management, leadership and growth of the commercial lines division, including oversight of day-to-day operations, projects and profitability goals. He will develop and execute both strategic and tactical plans to ensure long-term success, client retention and growth of the commercial lines practice. Rucinski brings more than 14 years of insurance experience in the greater Capital Region to the company.

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He is certified through the International Risk Management Institute (IRMI) as a construction risk insurance specialist (CRIS), and through the National Underwriter Company as a commercial lines coverage specialist (CLCS). He is licensed with the New York State Department of Financial Services as a property and casualty insurance agent/broker. He holds a Bachelor of Science degree from Roger Williams University in Bristol, R.I. He currently lives in Wilton. * * * Melissa Mewhorter was named vice president of finance and controller at Ballston Spa National Bank (BSNB). Mewhorter will manage all aspects of the finance department including, financial reporting for the bank, purchasing, accounts payable, investment accounting, tax reporting, shareholder relations, and general accounting functions. She started her BSNB career more than fifteen years ago as a staff accountant. Most recently, Mewhorter was responsible for administering the accounting systems for the bank, preparing periodic financial reports, and working closely with internal and external auditors as an AVP and assistant controller. Mewhorter earned an undergraduate degree in business administration from The College of Saint Rose and has led the community support team for the past four years where she planned, organized and directed 15 drive thru food pantries with the Regional Food Bank of Northeastern New York during the COVID pandemic. * * * Continued On Page 15

Dr. Jennifer Lefner is the dual board-certified neonatologist and pediatrician at Saratoga Hospital who started Seedlings, which offers fresh, natural baby food. BY SUSAN ELISE CAMPBELL Saratoga area mothers are getting fresh, natural baby food that is grown and prepared locally and sustainably, thanks to a company founded by a physician in the throes of the pandemic. Dr. Jennifer Lefner is the dual board-certified neonatologist and pediatrician at Saratoga Hospital who started Seedlings to help solve two problems with one act of entrepreneurship. For one, farmers were having to dump food despite increased demand for food assistance during the shutdown. The other was the apprehension and questions she knew working mothers would have about food transmission and safety. “I live in farm country and having friends in the food industry, it was distressing to me,” said Lefner. “I thought, is there an outlet for the wasted food, and can I do something with it?” While on maternity leave she had prepared baby

food for her two children from her own kitchen. Lefner said, “It seems like a good idea but making consistently fresh, nutritious food is a lot of work.” Quality baby food starts with quality ingredients, and Lefner is collaborating with 9 Miles East Farm LLC in Northumberland. It also has a restaurant in Saratoga, and delivers ready-to-eat meals to clients around Saratoga, Albany, and as far as Boston and parts of Connecticut. Seedlings Baby Food is sold at the café at 64 Excelsior Ave. and can be delivered to any area where the farm’s meal service delivers. Farms grow different produce state to state and have different growing seasons. This gives consumers a lot of variety, but Lefner said she is committed to supporting only local businesses with just-picked, not frozen, ingredients. “Whatever they’re best at, whatever is in season, Continued On Page 17

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Dunning Street Station Returns With Its Hoffman Car Wash Plans To Build Another Neighborhood Atmosphere And Varied Menu Shop In Queensbury; More Planned in 2022

Dunning Street Station Bar and Grill in Malta reopened recently after being closed during the coronavirus pandemic. It is open Tuesday through Saturday. BY JENNIFER FARNSWORTH Just as fans are back at Saratoga Race Course, fans of authentic Italian food are also back at the Dunning Street Station Bar and Grill in Malta. After taking a break during the height of the coronavirus pandemic, the restaurant reopened late spring. Owner Bob McKenna said the feedback from both the regular customers and new faces has been overwhelmingly positive. “We want to be that local neighborhood bar and restaurant where everyone feels welcome when they walk through our doors. Everyone has been so supportive, and we really felt it from the community,” said McKenna. McKenna said during the closure they decided to make some changes to the menu as well as some simple changes to the decor, like new table cloths. The menu is Italian casual fare. “The lobster ravioli and the Italian Stallion are two favorites. Our head chef does an amazing job, he has really great daily specials like ribeye and a salmon dish,” said McKenna. Like the rest of the restaurant industry, McKenna said finding staff was initially a

challenge, but they were able to fill the spots that they needed. He credited his staff to the success of the re-opening. The atmosphere both inside and outside the restaurant are what McKenna hopes people enjoy. The bar and grill was originally a Fodero dining car, dating back to the 1950s. The iconic dining car is named for its Route 9 location, which was first known as Dunning Street. Inside the restaurant is a warm atmosphere with a full service bar, private dining room, and flat screen TVs. “We want to be known as that place where people gather to relax and have some good food. Our location is so convenient, right on route 9 and off the Northway. We welcome everyone,” said McKenna. The complete food and bar menu can be found online at www.dunningstreetstation.com.There is also a to-go menu, something McKenna said is doing very well. Dunning Street Station Bar and Grill is open Tuesday through Saturday from 3-9 p.m. It is located at 2853 Route 9 and can be reached at 518587-2000.

BY CHRISTINE GRAF Hoffman Car Wash is interested in opening a second location in Queensbury at 919 Route 9. A new one in Halfmoon could be in the offing next year. The company has operated its Quaker Road car wash and Jiffy Lube franchise since 2004. “The whole community in that location has grown to a point where we felt it was prudent to look for an additional location in that market,” said Hoffman Car Wash CEO Tom Hoffman Jr. The location is 2.5 miles away from another Hoffman’s on Quaker Road. “We feel it is far enough away from our existing location and also helps us serve our customers better,” he said. The parcel is located in a high-traffic area near a Walmart Supercenter. Hoffman’s cousin, Chuck Hoffman, is the current owner of the property. According to Tom Hoffman, his company is in the process of seeking municipal approvals from the Town of Queensbury. If they are granted, construction of the $6 million car wash could begin as soon as next spring. If that happens, the business could be open during the late fall of 2022. Hoffman Car Wash operates 22 car washes, nine of which include Jiffy Lube franchises. The company has 700 employees and recently ventured into the car was equipment manufacturing business. In addition to manufacturing their own equipment at their new headquarters in Albany, they offer it for sale to car washes around the county. “We just started that last year,” said Hoffman. “We build fixture heavy, stainless steel equipment and we feel it does a better job than equipment that is available in the marketplace in the car wash industry. We write our own software that controls the equipment in the car wash, and we’re a UL electrical panel shop, so we build our own motor control centers. “We have software developers and engineers on staff. It’s so much more sophisticated than you can imagine. It’s very advanced technology. There is nothing like it in the car wash industry.” It was Hoffman who first started writing software for the company in the late 1980s after attending a free one-day programming seminar. He has been involved in the business since he was a child and can

remember sorting coins when he was five years old. The company was started by his parents, Tom, Sr., and Carole, in 1965 with a single coin operated self-service car wash in Albany. They built their first automatic car wash in 1968, and Hoffman’s sisters, Carrie and Paige, also work for the family-owned business. Today, the company has locations throughout the Capital Region and as far west as Binghamton and as far south as Kingston. They are in the process of building four more car washes in the Utica/Rome market. “We are on a bit of a tear right now,” said Hoffman. “We will be building one in Cohoes, Gloversville and another one in Halfmoon. We could open as many as six next year. Queensbury could be number seven.” The growth has been fueled by low interest rates and the fact that the car wash industry has emerged from the pandemic slowdown. “It’s been a steady climb out of the hole. Our business really suffered, but there’s the pent up demand for our customers to get out of the house and start traveling. That has helped rebound our car washes and our Jiffy Lube,” said Hoffman. “Our unlimited car wash program that is a subscription based program offers a contactless payment method, and that had a bump because of the pandemic when people didn’t want to touch surfaces. We had a lot of people sign up.” During the early days of the pandemic, the company furloughed its part-time workers but retained all full-time employees. The increased federal unemployment benefits have made it difficult for the company to meet current staffing demands. As a result, Hoffman increased its starting hourly wage to $15 and gave all hourly employees a $2 raise. “The stimulus has really hurt our ability to attract employees,” said Hoffman. “The stimulus has really interfered with all small businesses and their ability to attract people.” Hoffman expects their manufacturing business to grow now that company is able to showcase its products at trade shows. Trade shows were halted during the pandemic but have resumed. “We just shipped a whole bunch of our equipment to a customer in Alaska,” he said. “We now have customers all over the country. We’re very optimistic about the growth of that part of our business.”

4 • SARATOGA BUSINESS JOURNAL • AUGUST 2021

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Ed and Lisa Mitzen established The Business for Good Foundation with a mission to build thriving communities by owning, accelerating, and assisting businesses in the greater Capital Region. Ed and Lisa Mitzen established The Business for Good Foundation, a nonprofit organization with a mission to build thriving communities by owning, accelerating, and assisting businesses in the greater Capital Region. All profits from BFG Owned businesses go directly to local, charitable causes. Mitzen, a philanthropist and entrepreneur who successfully launched several independent, marketing agencies, including the healthcare agency Fingerpaint based in Saratoga Springs, and wife, Lisa Mitzen, a humanitarian with a strong background in mortgage lending, created Business for Good to give back to their community in an impactful and lasting way. They hope the Business for Good Foundation will pioneer venture philanthropy in the Albany greater Capital Region. Since the start of its official launch in October of 2020, BFG has donated $4.4 million in grants and resources across New York state. Business for Good reimagines business as a seed for social change, with the power to change lives and shape communities. To fight the inequities of access to resources and support, Business for Good’s mission is to share resources, strategies and connections to help others build their dreams while giving back to their communities, said a statement released by the organization. With a focus of healing the underserved and breaking cycles of food insecurity, housing instability and education inequity, BFG strives to open doors and opportunities where they haven’t been before. The Mitzens said a great amount of consideration was put into a unique model that tackles BFG’s ambitious goals: • BFG Owned. BFG owned “businesses become family and we take care of them like our own. We provide employees with free healthcare and competitive salaries and foster a healthy working

environment. All profits from Business for Good owned businesses go directly to local charitable causes.” • BFG Accelerated. “As entrepreneurs ourselves, we know that the challenges that lie in wait for those attempting to build and grow their own business are many. BFG offers entrepreneurs customized support to accelerate the development of their business and ensure that they achieve their vision, including capital, marketing, mentorship and community networking opportunities.” • BFG Assisted. “The BFG impact giving effort identifies already existing programs doing GOOD, because we are all in this together. Many organizations in our communities are committed to the common goal of ending inequity and helping those in need, and BFG is here to support them with capital and resources.” The foundation seeks to give back to move forward and is rooted in the core principle of “for good, not gain,” officials said. The foundation “believes no challenge is insurmountable through hard and thoughtful work. With a goal to provide businesses and organizations with sustained support, BFG invests in people for the long term and in every way. Hatties Chicken Shack and the Bread Basket Bakery, both in Saratoga Springs, are among those owned by the organization. Through the bakery, the Mitzen family already presented a check for $25,000 to Capital Roots, a Troybased nonprofit focused on public health. The group also purchased the former Lombardo’s Restaurant in Albany, a mainstay Madison Avenue building for about a century. There are plans to renovate it “installing a business that will employ locally, and return all profits to local charities,” according to the Business for Good Foundation website. Its website is www.businessforgood.org.

SARATOGA BUSINESS JOURNAL • AUGUST 2021 • 5

Lyrical Ballad Bookstore In Saratoga Springs Tri-County United Way Selects Director With Turns 50 With New Owners In Charge Extensive YMCA Administrative Experience

Jason Zerrillo, left, and Charlie Israel are the owners of Lyrical Ballad Bookstore in Saratoga Springs. The business is in its 50th year of operation. BY SUSAN ELISE CAMPBELL Lyrical Ballad Bookstore, in the heart of Saratoga’s historic downtown, turns 50 this year with new ownership and the promise of keeping this used and rare book destination much the same as it was when John and Janice DeMarco founded it. The transaction for the 7 Phila St. business was completed in June between Janice DeMarco and new co-owners Charlie Israel and Jason Zerrillo. “Jan DeMarco was eager to keep the spirit of the shop alive,” said Israel. “She had worked in the store at 7 Phila Street for decades with her husband.” Zerrillo had worked at Lyrical Ballad for 15 years when the opportunity came to join Israel as an equal partner in the business. “Having Jay step in would help maintain the shop’s spirit,” said Israel. “He knows the place inside-out.” Neither partner has owned a book store before. Israel is involved in historical preservation and his family has spent 40 years helping preserve the Franklin Square area, he said. “I worked in bookstores and also collected books since my late teens,” Zerrillo said. “When I moved to Saratoga to work for Borders, I of course discovered Lyrical Ballad and became friends with the DeMarcos. I used to spend my allowance there when I was a kid.” The two became friends when they met eight years ago and discovered their mutual love of books and the legacy the DeMarcos built together. “John was a book dealer’s book dealer,” Israel said. “He would find books and know where around the country there would be interest. He once found a chest in a barn in the Berkshires filled with letters between Herman Melville and Nathaniel Hawthorne.” “My favorite memory, one that is emblematic of what the store is about, is being able to provide Solomon Northup’s descendants a first edition of ‘Twelve Years a Slave’ back when the film first came out,” said Zerrillo. “Finding a book someone is looking for, or didn’t know they were

looking for, is the best part of my job.” The market for books has changed, Israel said. “The market for the real rare stuff is not the same as 20 years ago,” he said. “But people still read and love books.” Israel doesn’t know exactly how many volumes are available, but suspects the number exceeds 100,000 on the shelves, “out back and in storage,” he said. “These run the gamut of collectible, old and current titles. We have a little of everything and a lot of some things.” “One thing that makes the store intriguing and historically significant is that there used to be a bank in the building and there’s a large vault with big steel bars and locks,” said Israel. “One of the things I never get tired of is the surprised delight newcomers to the store have when they see that the store is much more than just the front two rooms,” said Zerrillo. “The layout and sheer size of the store is such a huge part of its appeal and ambience, and certainly something to be preserved as much as possible.” Customers visiting the shop find volumes of old prints, globes, bookends and knick-knacks the DeMarcos had collected over the years. These may be available for sale if there is interest, Israel said, but Lyrical Ballad is “not a gift shop.” “Some bookstores diversify to compete with online sellers, but our normal business is selling books,” he said. One addition is a paperback section and modern authors “to get books into the hands of people,” said Israel. “We are also starting to carry a small selection of carefully curated vinyl records while we figure out how selling vinyl works.” Israel said the partners “hit the ground running” in June and soon it will be “a good time to invite a book club to use our space or to ask authors to come speak ... Our main goal is to keep the shop alive and we don’t plan on changing much.” “In three or five years from now, I’m hopeful not much about the store will have changed,” said Zerrillo. “Except maybe a few less piles of books on the floor.”

The Tri-County United Way named Brian Bearor as its new leader, effective Sept. 7. Bearor will succeed Duane Vaughn, prior executive director, and Peter Aust who has led the organization for the past 10 months as interim executive director during the strategic planning and search process. Bearor will be responsible for leading the United Way’s strategic goals of inspiring hope, improving lives and creating opportunities for all of Warren, Washington, and northern Saratoga counties. He is also charged with building organizational capacity to support area nonprofits as well as identifying and addressing community issues. “During our search for a new director, the diligent and dedicated members of the search committee spoke with exceptional candidates across the region. It was a difficult choice, but Brian stood out among the highly competitive field. His vision and clear passion for the Tri County United Way and our region is exactly what we were looking for in our new leader” said David Krogmann, president of the Tri County United Way board of directors. “With Brian’s experience in community development and creating a mission-focused culture, we were convinced that the Tri County United Way will have engaging and innovative leadership for the years to come.” Bearor has served as the CEO at the Family YMCA of the Glens Falls Area for 12 years and the Y Movement for 29 years. While there, he has driven significant growth in partnerships, supporting those most vulnerable, and philanthropic support. He launched new initiatives including expansion to serve the Southern Adirondacks by opening the YMCA Adirondack Center in Brant Lake as well as the YMCA Regional Wellness Center in Chestertown. “It’s been a great privilege to serve the Glens Falls YMCA and the Y Movement. I will miss the volunteers and staff as well as the people we have served. I am thrilled to join the United Way family and to have the opportunity to work with such passionate staff and volunteers,” said Bearor. “I believe in the power of the United Way to be a force for good in the communities we serve and will work diligently to expand the mission and impact of the Tri-County United Way.” He has held both national and community

Brian Bearor is the new executive director of the Tri-County United Way effective Sept. 7. Courtesy Tri-County United Way

leadership positions that include serving on the Adirondack Health Institute board of directors and as former vice chair of the Adirondack Regional Chamber of Commerce board of directors. He also served as chair of the National YMCA of the USA Small and Midsized CEO Cabinet and the State Alliance of New York State board of directors. He is a Queensbury native. Tri-County United Way fights for the Health, Education and Financial Stability of every person in our community. The agency collaborates, convenes, and partners to support programs and initiatives that break the cycle of poverty, promote a healthy community where children are successful from kindergarten through graduation to a career, and where families have the tools, skills, and support they need to become financially independent. Headquarters are at 696 Upper Glen St., Queensbury. For more information about the United Way or to schedule an interview with Tri-County United Way’s leadership, contact Aust at peter.aust@ tricountyunitedway.org, 518-793-3136.

6 • SARATOGA BUSINESS JOURNAL • AUGUST 2021

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Matchless Stove and Chimney Continued From Page 1

colors,” is contributing to the design aspects of the project. The company will give up its rented space in Clifton Park but will keep its other location, in Glenmont, as a base of operations. They recently remodeled part of the showroom there as well as freshening up their offices. Gas fireplaces are the mainstay of Matchless’s business. They sell, install, and service fireplaces, stoves and chimneys and build mantels and other stonework around fireplaces. The company was started by Madden’s father, Tim Madden, a chimney sweep, more than 40 years ago. Subsequently, the elder Madden purchased two wood stove retail businesses. Today, wood-burning stoves constitute 10-15 percent of the company’s business, Madden estimated, and their primary business is gas inserts for fireplaces. “Gas is our core product in service, retail and installation. We sell the most realistic gas appliances made,” he said. The company has 30 employees and plans to hire two or three more. Madden estimates that they service over 3,000 fireplaces, stoves, and chimneys. Annual sales are more than $3

million. The new location, across from Hewitt’s Garden Center, cost $1.55 million. It includes two acres of land as well as the strip mall Madden found that the pandemic was initially bad for business but demand spiked as people spent more time at home and decided to make improvements like converting woodburning fireplaces to gas or purchasing stoves. At present, he said, the industry cannot keep up with demand and all the major manufacturers are rationing fireplaces. During the worst of the pandemic, “every day was a little bit different. We did service and made one man jobs, following all the guidelines. It was rough but we were able to pay our staff even when not making money and give them a place to work in the roughest times of COVID.” Madden said “we are really excited to move to Halfmoon from Clifton Park. We will be able to offer 24 burning displays with most current designs, finishes, colors and features in our new showroom.” If all goes well, they will open the new facility around Sept. 1.

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SARATOGA BUSINESS JOURNAL 2002 Business Of The Year

The Chamber of Southern Saratoga County P.O. Box 766 • Saratoga Springs, New York 12866 (518) 581-0600 • Fax: (518) 430-3020 • www.saratogabusinessjournal.com Editorial: RJDeLuke@saratogabusinessjournal.com Advertising: HarryW@saratogabusinessjournal.com Publisher & Editor Harry Weinhagen Associate Editor R.J. DeLuke Editor Emeritus Rod Bacon Sales and Customer Service Harry Weinhagen Production Manager Graphic Precision Photographer Stock Studios Photography Contributing Writers Susan Campbell Jill Nagy Jennifer Farnsworth Christine Graf Andrea Palmer Lisa Balschunat Saratoga Business Journal is published monthly, the second week of each month, by Weinhagen Associates, LLC and mailed to business and professional people in Saratoga county. Saratoga Business Journal is independently owned and is a registered tradename of Weinhagen Associates, LLC, P.O. Box 766, Saratoga Springs, New York 12866 (518) 581-0600. Saratoga Business Journal is a registered tradename in New York. Saratoga Business Journal has been founded to promote business in Saratoga county and to provide a forum that will increase the awareness of issues and activities that are of interest to the business community. Subscription price is $25.00 per year. Third class postage paid at Glens Falls, New York. Rights to editorial content and layouts of advertising placed with Saratoga Business Journal which are the creative effort of its contractors, and printing materials supplied by Saratoga Business Journal are the property of Saratoga Business Journal and may not be reproduced by photographic or similar methods, or otherwise, without the specific authorization of Saratoga Business Journal.

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SARATOGA BUSINESS JOURNAL • AUGUST 2021 • 7

7th Annual Saratoga Balloon And BBQ Festival Plug Power, Apex Clean Energy To Work To Take Place Aug. 27-29 At Fairgrounds On Wind Power And Green Energy Projects

The Saratoga Balloon and BBQ Festival, will occupy the Saratoga County Fairgrounds on Aug. 2729. The event was postponed due to COVID-19 saftey considerations. Back after a one-year hiatus, the Saratoga Balloon and BBQ Festival, will occupy the Saratoga County Fairgrounds on Aug. 27- 29. Due to COVID-19 concerns, the festival organizers moved from the traditional Father’s Day weekend to the new dates in late August. Friday, Aug. 27, features the DareDevil Trained Dog Show, balloon launching at about 6:30 p.m. Saturday is the longest day with more dog shows, tethered balloon rides, helicopter rides, and the evening balloon launch. On Sunday there are two new additions, a car show with 100 vehicles from 11 a.m. to 3 p.m. and the New York Steak Cook Off with dozens of teams competing for prizes. Thoughout the festival, the Kids Zone will be in full swing with bounce houses, pony rides, a petting farm, face painting,

Courtesy Saratoga Balloon and BBQ Festival

a magician, a balloon twister, and games. There is live music daily in the music barn next to the beer garden serving craft beer, wines, and wine slushies. There is a wide choice of food including four BBQ rigs and an award-winning pit master from Ohio—the Smoke Shack—plus Jamaican jerk chicken, brick oven wood-fired pizza, turkey legs, burgers, and more. There is also a marketplace with artists, artisans, specialty food makers, eclectic household items, wine and distilled spirits. The Saratoga County Fairgrounds are located at 162 Prospect St. in Ballston Spa. Festival hours are Friday 3 p.m. to dusk after the Balloon Glow; Saturday 11 a.m. to 8 p.m.; and Sunday 11 a.m. to 5 p.m. It is a rain or shine event. People can book a balloon ride on the Festival website www.balloonandbbq. com. For balloon launch updates, check the website.

Apex Clean Energy, one of the nation’s largest independent clean energy companies, and Plug Power, a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, which has an office in Clifton Park, announced a 345 MW wind power purchase agreement (PPA) and a development services agreement for a green hydrogen production facility. The power purchased through the PPA will directly supply a new hydrogen production plant with 100 percent renewable power, officials said. The hydrogen plant, which is being codeveloped by Apex and Plug Power, will be the first and largest wind-supplied hydrogen project in the United States and the largest onshore windpowered project across the globe, according to the companies. Once operational, the plant is anticipated to produce over 30 metric tons per day of clean liquid hydrogen, enough to fuel the equivalent of over 2,000 light commercial vehicles or over 1,000 heavy duty class 8 trucks, officials said. The partnership, which follows the September 2020 announcement of the companies’ collaboration agreement, marks Apex’s largest PPA to date and will help realize the potential of green hydrogen in North America to advance the decarbonization of the transportation and industrial sectors. “Delivering carbon-free solutions at scale is how Apex accelerates the shift to clean energy,” said Mark Goodwin, president and CEO of Apex. “Innovative solutions and partnerships with pioneers like Plug Power help us expand the impact of our business, taking us into the next frontier

of decarbonizing the American economy and amplifying the potential of our industry-leading renewable energy portfolio.” “As leaders building the hydrogen economy, we are on track to build a first-of-its-kind green hydrogen generation network in North America alongside an experienced partner, Apex,” said Andy Marsh, CEO of Plug Power. “This wind-powered green hydrogen plant is important to Plug Power’s customers and to achieving our generation targets of 500 tons per day by 2025 and 1,000 tons per day before 2028.”Media ContactsApex Clean Energy Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy. Through origination, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies, Apex is expanding the renewable frontier across North America. Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. The company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the Company has deployed over 40,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America.

Tracey L Wardwell Assistant Vice President Branch Manager Capital Bank Reads

SARATOGA BUSINESS JOURNAL

8 • SARATOGA BUSINESS JOURNAL • AUGUST 2021

REGIONAL STOCKWATCH Stock Name

Closing Price 07/09/21

Closing Price 07/16/21

Closing Price 07/23/21

Closing Price 07/30/21

Albany Int’l

88.56 82.01 81.65 86.35

Arrow

36.05 36.32 35.81 36.05

AT & T

28.45

Ball

84.79 85.75 80.00 80.88

Ballston Spa National Bank

60.00 57.95 58.00 59.50

Bank of America

40.04 37.92 37.70 38.36

Best Buy

110.86 110.59 113.28 12.35

Citizens Bank

45.31 43.00 43.63 42.16

Espey

14.96 14.78 15.08 15.07

General Electric

13.16 12.55 12.71 13.60

Hilton

126.05 119.75 125.26 131.45

Home Depot

322.09 321.54 332.84 28.19

Int’l Paper

62.24 59.13 58.08 57.76

Key Corp

20.17 19.35 19.10 19.66

Lowe’s

195.33 196.14 200.84 192.69

Martin Marietta

357.92 351.49 356.23 363.30

M&T Bank

142.33 136.82 129.33 133.85

McDonald’s

235.68 234.75 242.96 242.71

National Grid

65.71 65.32 64.45 64.32

NBT Bancorp Inc.

34.78 33.97 32.96 34.85

Plug Power

29.39 26.01 26.81 27.28

Quad Graphics

3.86 3.75 3.80 3.50

Starbucks

117.47 118.73 125.97 121.43

Sysco

76.14 71.58 72.87 74.20

28.34

28.15

28.05

Latham Group Inc 30.33 27.04 28.31 27.28 Target

248.58 251.15 261.03 261.05

The TorontoDominion Bank

68.06 66.63 65.81 66.45

Kaspien Holdings

22.11 19.61 20.59 19.70

Trustco Bank

33.25 33.60 33.11 33.63

Verizon

56.07 55.46 55.88 55.78

Walmart

140.30 141.56 142.43 142.55

This list of quotations is provided through the courtesy of Robert M. Schermerhorn, CFP®, Saratoga Financial Services, Securities offered through LPL Financial /Member FINRA & SIPC, located in Saratoga Springs, NY. www.SaratogaRetire.com

Cool Insuring Arena Head Sees Big Hockey Season, Eyes More Events Post COVID-19 BY CHRISTINE GRAF After being shut down for more than a year due to the COVID-19 pandemic, the 4,800-seat Cool Insuring Arena in downtown Glens Falls reopened at limited capacity in April. At that time, event attendees were required to wear masks and present negative COVID test results. Those restrictions are no longer in place. “In the middle of June of this year we were able to reopen normally which was a breath of fresh air,” said arena manager Jeff Mead. “As long as we have under 5,000 people in the building, there are no restrictions.” Seventy-five percent of the arena’s staff have returned to work, and the rest are expected to return by the end of August, he said. Mead and his operations manager were the only two employees who remained working throughout the shutdown. The arena hosted four dance events and three graduations during the month of June. Some occurred while the mask and testing mandates were still in effect. “There were unfortunately a few people who weren’t the happiest of customers,” said Mead. “They either didn’t want to wear masks or didn’t think they should have to show a negative test. It was unfortunate, but I would say that 97 percent of people understood.” Because of the pandemic, the arena was forced to cancel the 2020-2021 season for its East Coast Hockey League (ECHL) team, the Adirondack Thunder. An affiliate of the NHL’s New Jersey Devils, the team will play its home opener for the 2021-2022 season at the arena on Oct. 23. Adirondack Thunder ticket sales have been strong, and 1,200 season ticket packages have already been sold for the team’s 36 regular season home games, Mead said. At a cost of $558, the Thunder has the lowest season ticket cost in the ECHL. “We’re selling a lot of tickets and are certainly ahead of pace from where we were two years ago, which is good news,” said Mead. “Support for the team has been very good and is growing every year. We expect this could be our best year in terms of ticket support, business support and community support. We’re very excited about this fall and winter, and we think we are going to put a really good team on the ice.” Cool Insuring Arena also has numerous other events scheduled including the Adirondack Stampede, a PRCA (Professional Cowboy’s Rodeo Association) rodeo. Now in its 30th year at the arena, the event features pro rodeo’s top national and regional competitors. It will take place Nov. 5-6. “It’s a very big event for us,” said Mead. “For two nights, we will have between 6,000 and 7,000 people show up.” Another popular event, the New York state girl’s high school volleyball championship, is scheduled at the arena in August. The New York state boy’s high school basketball finals will also return to Glens Falls in 2022. The tournament was moved to Binghamton in 2017 but was relocated back to the arena

Jeff Mead is the director of Cool Insuring Arena in downtown Glens Falls. in 2020. “We lost two years due to COVID, so this will be the first year of our threeyear agreement,” said Mead. “We are very excited for that to finally be back in Glens Falls after we lost it to Binghamton for three years.” Tournament officials made the decision to return to Glens Falls in part because of the extensive renovations made to the arena. “I think we lost the tournament for several reasons,” said Mead. “At the time— in 2015—our building wasn’t in great shape. Fortunately, we were got a few grants from New York state as well as some city and county support which allowed us to really upgrade our building in terms of technology. We put in a $1 million video board a few years ago. We’ve also renovated the whole locker room area and added new locker rooms with shower and toilet areas. The building has come a long way in the six years that the coalition has operated it.” The nonprofit Adirondack Civic Center coalition was created in 2015 to take over operations of the 42-year-old arena. Since that time, arena revenue and attendance have increased. “We will get between 15,000 and 18,000 people here for the three-day basketball tournament, which is a lot more than Binghamton was able to bring in,” said Mead. “It’s one of those events that our community really embraces.” Mead said he is hopeful that the World Wrestling Entertainment will return to the arena in the coming year. Glens Falls was one of the stops for the WWE’s popular 2019 summer tour. Mead is also in negotiations to book concerts, circuses, and a number of other events. “Until we sign contracts, I’m not able to talk about that. We have a big event here in September that we are about to sign a contract for. It’s a 10-day event, so we are excited about that. It’s looking to be a pretty busy fall and winter, and we are very excited about 2022.”

SARATOGA BUSINESS JOURNAL • AUGUST 2021 • 9

SPECIAL SECTION

SARATOGA BUSINESS JOURNAL

Senior Living / Retirement Planning Senior Citizens Continue To Return To Programs And Social Life At Senior Centers BY JILL NAGY Area senior centers are open and busy as COVID-19 safety guidelines eased up . Members are returning for exercise classes, meals, games, trips, and, most of all, the chance to socialize after over a year of isolation, officials say. At the Clifton Park Senior Community Center, dances are back but live music will have to wait until September, officials said. At the Saratoga Senior Center, art classes art full and demand is great for exercise classes and anything including food, especially Friday barbecues in the tents behind the building. At the Queensbury Senior Center, there is a waiting list for some classes and others are full. Seniors at the Glens Falls Senior Center had their first trip of the season, to a youth theater performance at Lake George, at the beginning of August, but as a precaution, only six passengers were allowed in a 12-passenger van. On the whole, center directors report a slow but steady return of their members and attendance at about half the volume they were used to before the pandemic. Saratoga, for example, hosts about 70 seniors a day, compared to 130-150 a day before the height of the pandemic. But, according to director Lois Celeste, “each month, we keep adding.” The centers never completely closed during the pandemic. They provided take-out meals and delivered groceries and medications; conducted online and outdoor programs; and made an effort to keep in touch with members. On the whole, staff worked from home and no one had to be laid off. Clifton Park director Susan Leonard said “we are doing almost everything we did before” and she expects more could be resumed in September. “It depends on when the instructors can come back,” she said. There is already a full schedule of dinners, trips, and exercise classes. “People are joining like crazy,” she said, “They’’re so happy to be back, to see each other.” In Saratoga, as at the other centers, masks are optional if people are vaccinated—and almost everyone is. The hand sanitizers are still out, along with information on COVID. Clifton Park stopped checking temperatures because “we never had to send anyone home due to temperature,” Leonard said. One member with a temperature of 100 degrees sat down for a few minutes to cool off and the borderline fever was gone. The Queensbury center bills itself as “Seniors on

Women participate in crafts at the Saratoga Senior Center. the Go.” The facility normally has a robust travel schedule, including overseas trips, said Stephanie Smith, the development coordinator, who is acting director while the center looks for a replacement for Michele Whitbeck. For now, though, the center is planning only day trips. Later this month, the Queensbury center will celebrate its 45th anniversary with food, a ban, and a visit from the town supervisor. In the coming months, they plan a book sale in September, a craft fair in October, and a basket raffle in November. With 850 members, it is one of the larger, as well as older, centers in the area. In Glens Falls, Tai Chi is full every week and line dancing is also a good draw, reports director Kim Bren. Most classes are 50 to 100 percent full. The center is not serving sit-down meals but the monthly drive-through meals are increasingly popular, she said. She observed that “people were a little hesitant at first but they are coming back.” Further information and full schedules are each senior center’s website: saratogaseniorcenter.org, glensfallsseniorcenter.org, cliftonparkseniorcenter. org, and, of course, seniorsonthego.org. Telephone numbers are 518 584-1621 for Saratoga; 518 383-1343 for Clifton Park; 518 793-2189 for Glens Falls; and 518 761-8224 for Queensbury.

•

Business Report Prepare For Health Care Costs In Retirement

BY ROBERT SNELL It’s unfortunate but true: As we age, we encounter more health-related issues and they carry a price tag that can get pretty high in retirement. Will you be ready for these costs? Perhaps your first step in preparing yourself is knowing what you may be facing. Consider this: 80 percent of Americans 65 and older have a chronic condition and 42 percent live with a disability, according to the National Coalition on Aging and the Centers for Disease Control and Prevention, as reported in a recent Edward Jones/Age Wave survey titled “Four Pillars of the New Retirement: What a Difference a Year Makes.” The study also found that retirees’ greatest financial worry is the cost of health care and long-term care—concerns that have increased during the COVID-19 pandemic. And health care is likely going to be one of the largest expenses in retirement. The average couple might spend $10,000 to $12,000 per year on health care costs. Nonetheless, you can boost your confidence about meeting these costs by making the right moves. Here are a few suggestions: • Take advantage of your health savings account. If you’re still working, consider contributing to a health savings account (HSA) if it’s offered by your employer. This account allows you to save pretax dollars (and possibly earn employee matching contributions), which can potentially grow, and be withdrawn, tax-free to help you pay for qualified medical expenses in retirement. • Incorporate health care expenses into your overall financial strategy. As you estimate your expenses in retirement, designate a certain percentage for health care, with the exact amount depending on your age, health status, income and other factors. You’ll certainly want to include these costs as a significant part of your planned retirement budget. • Learn what to expect from Medicare. You can enroll in Medicare three months before you turn 65. Before you sign up, you’ll find it helpful to do some research on what Medicare covers, or perhaps even attend a

•

Robert Snell, financial adviser with Edward Jones Financial in Saratoga Springs. Courtesy Edward Jones Financial

seminar or webinar. On the most basic level, you’ll need to choose either the original Medicare program, possibly supplemented with a Medigap policy, or Medicare Advantage, also known as Medicare Part C. Given all the variables involved—deductibles, copayments, coinsurance, areas of coverage and availability of your personal doctors—you’ll want to choose your plan carefully. • Protect yourself from long-term care costs. No matter which Medicare plan you choose, it won’t cover much, if any, of the costs of longterm care, such as an extended stay in a nursing home. You may want to consult with a financial advisor, who can suggest options to protect you and your family from long-term care costs, which can be considerable. And of course, do whatever you can to stay healthy, before and during your retirement. It’s been shown that exercise and a balanced diet can help you feel better, maintain your weight and even reduce the likelihood of developing some serious illnesses. By making the right financial moves and taking care of yourself, you can go a long way toward managing your health care costs in retirement and enjoying many happy and rewarding years.

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10 • SARATOGA BUSINESS JOURNAL • AUGUST 2021

SARATOGA BUSINESS JOURNAL

SPECIAL SECTION

Environment / Development Stewart’s Shops Adding High-Powered Van Patten Golf Course Sold; New Owners Electric Car Charging Stations At Stores Plan To Make The Course And Grounds Elite

Stewart’s Shops added its first NYPA EVolve Electric Vehicle Fast Charging Station in Schodack. Officials said they can charge an electric vehicle in just 15 to 30 minutes. Courtesy Stewart’s Shops

Stewart’s Shops is adding electric car battery charging stations across many of its stores. The company broke ground on its first NYPA EVolve Electric Vehicle Fast Charging Station on July 1 in Schodack. Officials said the chargers are powerful enough to provide a full charge to a electric vehicle in just 15 to 30 minutes. The DC fast chargers have three kinds of plugs to make sure an electric vehicle of choice can stop in and get a charge on the go. EVolve New York’s chargers are available to all nonTesla electric vehicles. Officials said some charging stations will have a Tesla adapter. Stewart’s Shops currently has three Tesla supercharging stations throughout New York with plans to expand the program by installing two more by the end of 2021. The Stewart’s Shops charging station in Schodack will be fully operational by September and is just one of five EV charging stations that Stewart’s Shops plans to open by the end of the year. The Schodack EV charging station is an

extension of Stewart’s Shops current EV Charging program. As part of NYPA’s EVolve New York Clean Energy Initiative, they plan for other charging stations at Stewart’s Shops locations throughout New York state in Moreau, Latham, Keene and Clifton Park. Officials said the new charging stations are not the only steps Stewart’s Shops is taking to become more sustainable. The company uses solar energy at offsite locations in Halfmoon and Castle Creek and the manufacturing plant has 2,400 individual solar panels on the rooftop that offset 75 percent of the power at 50 locations. Stewart’s Shops recycles over six tons of cardboard daily and reuses items like totes, dairy cases, ice cream baskets, and bread trays used to make deliveries to reduce waste. In stores, customers can get a discount on their coffee when they use their reusable mugs and the stores also offer reusable bags at all locations. All shops are equipped with LED lighting and offer plant-based straws as well. The partnership with Evolve NY is just one of the ways Stewart’s Shops is attaining a more sustainable future, the company said.

BY CHRISTINE GRAF Van Patten Golf Club in Clifton Park was recently purchased by business partners Lance Orcutt and Roland Mann, owners of Executive Group in Amsterdam. The pair took over operations of the golf club on July 7. Longtime owners Robert Van Patten Jr. and his wife, Kathy, decided to sell the course in order to spend more time with their children and grandchildren. The club was built in 1968 by Van Patten’s father, local builder Robert Van Patten. In 2002, the public course was reconfigured, and a 15,000-square-foot banquet hall, The Vista, was added to the property. According to Orcutt, he became interested in purchasing the golf club after Neil Cherkosly of Upstate Appraisal Services made him aware that the property was for sale. “He sent me all of the information and it looked really great on paper. That prompted me to ask for a meeting with the Van Pattens, Robert and Kathy. We had a great conversation and walked the property. Seeing what they did with the property in the years that they owned it was impressive.” As a result of that one meeting, Orcutt and Mann offered the full asking price for the property. Their offer was accepted by the Van Pattens, who received four other offers for the club. “It was a straight up business transaction. I saw a terrific value in the property itself. It’s a profitable business that in my opinion has the ability to be much more profitable,” he said. “It wasn’t being sold because of an inability to be profitable or because it fell into disrepair.” Orcutt and Mann are working with Environmental Design Partnership of Clifton Park to put together a master plan for the property. They are also working with Michael Phinney of Phinney Architectural Design in Saratoga Springs and award-winning golf course architect Steven Kay. “We’re working with Michael Phinney for any new builds or redesign of existing buildings that are there and with Steven Kay for the actual golf course itself,” said Orcutt. “We’re going to see what we can do with any type of redesign of the holes and upgrades to the drainage and sprinkler system. We’re looking at what is feasible, as well as what would best serve that community and

The porch of The Vista at Van Patten Golf Course overlooks the premises. Courtesy Van Patten Golf Course`

demographic.” Although Orcutt and Mann have extensive plans for upgrades, he said they are not yet ready to announce them. “It’s just a touch premature,” he said. “Every day I’m learning more and more about the business. In terms of operating a golf course, this is brand new for us. We (Executive Group) are involved with all of our customers in build outs of restaurants and banquet facilities –everything in front of house. We coordinate the bars, the equipment, and work with the operators to get set up. We haven’t actually been operators ourselves.” Orcutt and Mann will rely on the staff that the Van Pattens already had in place. The club’s 81 full- and part-time employees are being retained. “That was very attractive to us because it made it a very limited administrative burden on Executive Group to take on this acquisition. We bought a business that had everything you need to run it already in place. That’s hard to build, and it takes a decade minimum to do something like that,” he said. “It’s also the middle of the season, which also made it attractive because we have basically half the year left of revenue and potential profitability.” Orcutt said it is too soon to estimate the amount that Executive Group will spend on Continued On Page 17

SARATOGA BUSINESS JOURNAL • AUGUST 2021 • 11

Construction Of Integrated Science Center Developers’ Plans For Rip Van Dam Include At Skidmore Is Proceeding On Schedule Combining It With Adelphi Into One Facility

Construction progresses on the East Wing of the Center for Integrated Sciences at Skidmore College in Saratoga Springs. MLB Construction is managing the project.

The exterior facade renovation of the Rip Van Dam hotel in Saratoga Springs was done earlier this year. The interior of the existing on-site restaurant, Salt & Char, was renovated and is now open.

Courtesy Skidmore College

As the second phase of construction for Skidmore’s Center for Integrated Sciences advances on schedule this summer, President Marc Conner helped commemorate an important milestone in the raising of the project’s East Wing. Skidmore officially celebrated the completion of the North Wing in late March during an outdoor, socially distanced ceremony. The Capital Region’s own MLB Construction is managing the project, currently overseeing about 20 different contractors on site. “This is a great day as we continue to see incredible progress in this game-changing project for Skidmore’s students, faculty and staff,” said Conner. “These beautiful, wellequipped new facilities are expanding learning and research opportunities not only in the sciences, but between and among so many areas of study at the college.” The East Wing and the renovation of the newer portion of Dana Science Center comprise Phase II of construction and are slated to open in time for the fall 2022 semester. The East Wing will be home to the IdeaLab makerspace, a core component of the CIS project that represents the spirit of integrative learning at the heart of this largest academic initiative in the College’s history, officials said. As a hub of collaboration and interdepartmental synergy, students and faculty will work collaboratively and across disciplines in the new space to explore creative solutions to some of today’s pressing issues. Other key features of the East Wing include the Skidmore Analytical Interdisciplinary Laboratory (SAIL) and the building’s grand atrium, also known as the “living room” of CIS. “This current work is interesting. It is the new building of the East Wing, but it is also the renovating of New Dana and blending the two buildings together,” said Pat Fehling, associate dean of the faculty and professor for health and human physiological sciences. “In

the new spaces, you will see the exterior brick from New Dana in the interior of the ‘gallery space.’ This work is the collision of the new and the old, and that is exciting.” The East Wing will house Skidmore’s biology and chemistry departments, as well as some neuroscience faculty research labs. Environmental studies and sciences, which has been sharing the annex swing space building on campus with the physics and geosciences departments since fall 2020, will also be relocated to the East Wing and New Dana. Once completed in 2022, a full renovation of Old Dana will begin. Also a two-year project, the anticipated completion of this third phase of construction in 2024 will mark the completion of the entire CIS complex. Officials said the health and human physiological sciences, psychology and physics departments and the neuroscience program will move into the renovated Old Dana space, rounding out the placement of all 10 of Skidmore’s science departments and programs and more than 90 faculty science members within one center. The first phase of the CIS, the North Wing, was completed and opened in time for the fall 2020 semester and is home to the departments of computer science and mathematics and statistics, in addition to some chemistry and biology classes. It houses the Skidmore Microscopy Imaging Center (SMIC), whose collection of microscopes rivals those of larger research institutions, and features 58 laboratories and classrooms and 21 faculty and staff offices. The first building in Skidmore’s history to be LEED-certified, the North Wing also reflects a commitment to sustainability at Skidmore that remains a key priority in the design of the second and third phases as well. A new underground geothermal system housed in the North Wing will heat and cool all 200,000 square feet of the CIS.

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BY CHRISTINE GRAF Long Island developer, thoroughbred owner, and NYRA board member Michael Dubb has partnered with The Adelphi Hotel owner Larry Roth to return the 128,000-square-foot Rip Van Dam Hotel in the heart of downtown to its original grandeur. Built in 1840, the Rip Van Dam, is located at 365 Broadway next to The Adelphi Hotel at 353 Broadway in Saratoga Springs. The $50 million renovation and expansion project has received site plan and design review approval and is awaiting an architectural review. “I never really had intended to get involved in real estate development in Saratoga, but two projects found me. I didn’t find them,” said Dubb. In addition to the Rip Van Dam project, Dubb is also in the process of developing 53 lots in Oak Ridge, a luxury housing development located just five minutes from the track. “I thought the land was so beautiful that I just couldn’t pass it up,” he said. Dubb, the winner of seven NYRA owner titles during the summer racing meet, also recently completed construction of Faith’s House, a day care and early education center located on the Oklahoma side of the Saratoga Race Course. It serves the children of backstretch workers, trainers, and frontside NYRA employees. It was financed by Dubb and his wife, Lee. In 2003, the couple built and funded their first day care center at Belmont Park. Dubb’s involvement with the Rip Van Dam and Adelphi began after Roth, a close friend, approached him about the project. Roth is the owner of The Adelphi and purchased the Rip Van Dam in 2019 after it went into foreclosure. A former principal in a multi-million dollar designer eyewear company, Roth also owns thoroughbreds with his wife and daughter. They are co-owners of Country House, the 65-1 long shot that won the 2019 Kentucky Derby.

“He purchased the Rip Van Dam with the idea that he wanted to control the destiny of what went next to The Adelphi,” said Dubb. “We started talking about concepts for it and what would be the best use for it. We talked about adding additional hotel rooms to the Adelphi vis-à-vis the Rip Van Dam and creating some apartments that would be part of the hotel.” The two hotels will be joined and will operate as The Adelphi. The former Rip Van Dam will be renovated, and an addition will be built in the rear. Once completed, its 200,000 square feet will include 31 hotel rooms, 84 apartments, underground parking, a spa, a state-of-the art gym, meeting rooms, and a business center. “The Adelphi’s capability will go from 32 rooms to 63 room,” said Dubb. “We hope to have some rooms online for next summer, perhaps another 14 or 15, and the balance in the summer of 2023.” Residents of the new Adelphi apartments will have access to all of the hotel’s amenities, including maid, room and concierge services. Studio apartments, as well as one- and two-bedroom apartments, will be available, and rents will likely range between $3,000 and $6,000. The exterior façade of the Rip Van Dam has already been refurbished, and the interior of the existing on-site restaurant, Salt & Char, has been renovated. The interior will be completely gutted. Landscape architect Mike Ingersoll of the LA Group, architect Dominick Ranieri and Bonacio Construction have been hired for the project. Dubb has experience with similar projects including The Vanderbilt in Westbury on Long Island. The $120 million Vanderbilt includes 178 high-end rental residences and 17 hotel suites. The building is fully leased and Dubb is currently developing a similar project downstate. It will include a mix of apartments and hotel rooms.

12 • SARATOGA BUSINESS JOURNAL • AUGUST 2021

SPECIAL SECTION

SARATOGA BUSINESS JOURNAL

Workplace / Legal SEFCU And Cap Com Credit Unions Make Plans To Merge; Finalizing Set For 2022 The boards of directors of the CAP COM and SEFCU credit unions approved on July 28 a “merger of equals,” creating “a Capital Region-headquartered financial and community powerhouse” that will become fully integrated next year. The newly combined entity will be renamed to reflect the respective histories and common values of both organizations, which are rooted in the credit union philosophy of “People helping People” for all stakeholders, officials said. According to the companies, merging SEFCU and CAP COM is supported on three critical criteria: dedication to employees and their careers; value to our members and their communities; and the ability to succeed in a marketplace that is expected to see significant change and the consolidation of like-minded credit unions. SEFCU also recently bought the office building along Route 9 in Malta near Ellsworth Commons where a SEFCU branch is located, as well as Ellis Medicine offices. SEFCU paid $3.8 million for the building at 2537 Route 9 in Malta, according to a deed filed in the Saratoga County clerk’s office. “We are excited to explore this potential opportunity to become stronger together,” said CAP COM President and CEO Chris McKenna of the merger. “As like-minded, mission-driven credit unions who share a

commitment to our employees, members, and community. This represents an exciting possibility to continue to expand our award-winning service to members across New York state, while continuing to invest in technology that makes banking more convenient.” When CAP COM and SEFCU join, there won’t be any layoffs related to the unification, officials said. “In fact, the creation of a brand new, $8 billion financial institution will provide the scale necessary to create greater opportunities for existing employees, the need for additional team members, and significant advancements in products, services, and support for members and community partners,” said a statement the credit unions released. “This effort will create the largest financial institution in the Capital Region based on local deposits, and one of the top five credit unions in the state. The unified financial institution will also become one of the top 30 credit unions in the nation.” SEFCU President and CEO Michael Castellana said the merger “will allow us to expand our reach and positive impact on our members and the communities we serve. CAP COM and SEFCU share similar values, culture, and commitment Continued On Page 15

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Business Report Goatopia?

BY ROSE MILLER We found a cool place to vacation in Rhode Island this year. The owner calls it Goatopia. She has created a little slice of heaven beside the Sakonnet River. She is a former dancer who took her dance studio and her artistic style to create a unique and comfortable guest house for visitors. The house is surrounded by beautiful gardens where she also tends to chickens and goats daily. The goats have names and you can tell the Billy because he stands proudly on the tallest stump in the pen. This place got me thinking about how employers tend to their flocks. As employers, we have a responsibility to understand who works for us and what we want people to do for us. Results can be achieved when understanding how employee traits translate into achieving goals. But here’s the thing. Do you need a herd of goats or do you need a flock of sheep? They may look all the same but there is big difference. The owner of the house likes goats because they are independent thinkers just like her. There is nothing ordinary about her place and it’s as colorful and whimsical as she is. Goats are curious by nature and are quite independent. Goats can produce some wonderful side products like milk and cheese. Sheep on the other hand prefer to stay put, gather together and give us things like the wool off their backs. Many people respond to goat-like behavior from leaders and entrepreneurs. We expect the Billy to dominate. While goats are wild, sheep are domesticated, suggesting that sheep have a greater ability to build close relationships. Goats like to browse and go for food that attracts them even when out of reach, while sheep love to graze close to their surroundings. Some of our most notable leaders began with wild thoughts, and people would say the person was as crazy as a goat. Some have dominated emerging technologies by going for it. And the side effect of those ideas has been equally enjoyed by many. Those leading companies need lots of sheep to cultivate their ideas and work in teams to do the work and bring the ideas to life. Both animals are beneficial to mankind but it’s the sheep that create the fabric of the organizations. Troubles occur when confusing the two species. You may have admired and sought out a goat when what you really needed was a team of sheep. Freethinkers are a pain. They don’t like being told

Rose Miller is president of Pinnacle Human Resources LLC. Courtesy Pinnacle Human Resources LLC

what to do. They would rather have it their way, or at least be made to believe it was their way. Conversely, sheep will begin to act like goats if they are unattended. My Italian mom used to say, “If you want your kids (pun intended) to follow you, you shouldn’t let them wander around like goats.” Italian village wisdom—you just can’t beat it. And goats play a crucial part too. Goats are fearless. There are plenty of examples where a leader brings about profound change and builds an exciting company. Then something happens. The leader is gone. Someone says, we are fine. We don’t need a replacement. Over time, the organizational structure begins to fracture, and silos develop because no one is there to pull it all together. Handled correctly, a company can leverage a free spirit to lead their teams to fulfill the innovative ideas, opportunities and industry changes. And there are still large flocks of sheep to tend. The goat will need people who will stick around and work to make it all happen. People need gentle guidance and to be shown appreciation for their ability to work together harmoniously. In the best scenario, a company’s organizational structure will contain some free thinkers and more followers. A few fearless goats and a whole lot of sheep. We need to be continually challenged by independent thought and we need to learn ways to get the most out of our teams. Ewe can even create your own unique Goatopia.

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SARATOGA BUSINESS JOURNAL • AUGUST 2021 • 13

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Business Report

Herzog Law Marks 75th Empire State, MVCC Year of Serving Clients Have Transfer Pact •

Renovations Can Inspire A Return To The Office

BY DOROTHY ROGERS-BULLIS If the past year has taught us anything, it’s that life requires flexibility. We’ve all had to make adjustments both large and small in order to cope with the effects of the COVID-19 pandemic. Businesses in particular have had to pivot and in many cases reinvent the way they operate in an effort to keep their doors open and ensure employees and customers are safe. For many companies, the initial solution was to allow certain employees to work from home. Of course, this wasn’t an option for some industries like restaurants, medical practices, and grocery stores. But for many office-based businesses, employers and employees managed to make working from home “work” through a combination of technology and ingenuity, and oftentimes, a whole lot of patience. Meetings and conversations that used to be done face to face were moved to video conference. Workers figured out new platforms and software, working out the kinks as they went. They stacked up piles of books to get their computer at the right height, found their most flattering lighting, and tidied up their workspace to get it camera-ready. It may not have been an ideal work-fromhome set-up, but indeed, necessity is the mother of invention, so they made it work. What now? As the pandemic eventually comes to an end—and it will—what will businesses decide to do about employees working from home versus returning to the office? It is going to be more of a conundrum that some companies may recognize. First of all, many employees have realized that they really enjoy working from home.

Dorothy Rogers-Bullis is the owner of drb Business Interiors. Courtesy drb Business Interiors

The commute to their home office beats the heck out of sitting in traffic. Workers also have embraced the flexibility working from home typically provides—helping a child with a homework question, running a quick errand, or even wearing sweatpants to a video meeting. Second, a lot of employees have managed to create very effective work-from-home set-ups over the past year-plus. Whether they have a dedicated home-office or have finagled one in another space in their house, workers have found that they can indeed be efficient and productive from the comfort of their home. And some aren’t quite ready to give that up in order to return to the office. But there are tradeoffs for both the company and the worker created by working from home. For one, collaboration now has to be scheduled. There is no turning around Continued On Page 18

This year marks Herzog Law Firm’s 75th year of serving the Capital Region, Hudson Valley and the North Country. Created by World War II veteran Jacob Herzog in 1946, Herzog Law Firm has evolved through the years as has the community it has served. Notwithstanding these changes, it has kept its core value of providing exceptional legal services to its clients in place, the firm says. “Whether by representing local banks, colleges, and corporate clients regarding mergers and acquisitions, or small businesses in their day to day needs and succession planning, Herzog has served as a steady hand guiding local businesses,” said a new release about the company. Several decades ago, Herzog Law Firm began to develop their Estate Planning, Elder Law, and Estate Administration practices which, through the years, has had thousands of families and individuals as clients. According to the firm, since Herzog Law Firm’s inception, the average life expectancy has increased by 15 years. That, along with changes in tax laws and long term care programs, has made estate and long term care planning a more important part of life. Today, Herzog Law Firm’s Estate Planning and Long Term Care Planning practice is one of the area’s largest, officials said. In celebration of the diamond jubilee anniversary, Herzog Law Firm has planned various activities throughout the anniversary year to engage employees, the community, and clients. The partners and staff are supporting a number of area nonprofits, in particular, the Alzheimer’s Association, as the presenting sponsor of several of their Walk to End Alzheimer’s events, local community senior centers and will be hosting a blood drive at its Albany office on Aug. 25 and in Kingston on Aug. 26. More events are being planned, according to current managing partner Debra A. Verni, Esq., Herzog Law Firm currently has four offices located in Albany, Saratoga Springs, Clifton Park, and Kingston and is owned and operated by Verni, David A. Kubikian, Esq., and Jane-Marie Schaeffer, Esq.

SUNY Empire State College and Mohawk Valley Community College came together July 13 for a ceremonial signing of six Pathways Transfer Articulation Agreements. “Each year, approximately 42 MVCC students transfer to SUNY Empire to attain an advanced degree, and our most recent data shows that one-year retention rates for these students are the second highest among transfers from all SUNY community colleges,” SUNY Empire Officer in Charge Nathan Gonyea said. “That’s something we can both be proud of.” “MVCC and SUNY Empire State College both have a proven, steadfast dedication to our respective student populations,” MVCC President Randall VanWagoner said. “We are thrilled to celebrate an expanded and strengthened transfer partnership that involves the creation of student-friendly pathways from an associate degree at MVCC through a master’s program at SUNY Empire State College.” The agreements will enable students who obtain an associate degree in select programs to seamlessly transfer from MVCC to SUNY Empire, so they can pursue bachelor degrees. The programs are: Business Administration (A.S. & A.A.S.) to Business Administration (B.S.); Business Administration (A.S.) to Human Resource Management (B.S.); Business Administration (A.S.) to Management (B.S.); Nursing (A.A.S. to B.S.); Radiologic Technology (A.A.S.) to Allied Health (B.S.); and Respiratory Care (A.A.S.) to Allied Health (B.S.). The three business agreements include an optional accelerated path to SUNY Empire’s MBA program that incorporates the B.S./ MBA combined degree. For more information, or to inquire about community college or corporate partnership opportunities with SUNY Empire State College, visit www.esc.edu/partnershipprograms.

14 • SARATOGA BUSINESS JOURNAL • AUGUST 2021

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Business Briefs

The Adirondack Trust Co. Community Fund continues to accept grant applications from eligible nonprofit charities until the submission deadline of Aug. 31. Grant information and application forms may be obtained from the Adirondack Trust Company Community Fund website at ATCCF. org. The fund was established in 2009. The primary mission is to perpetuate the spirit of giving that is integral to the quality of life in our region by providing flexible options for planned giving. The resulting yearly Lend-A-Hand Grants help improve the quality of life and address issues of common concern in the area. In 2020, the Community Fund awarded 37 Lend-a-Hand Grants to local nonprofit organizations. Since the inception of the Autumn of Giving Match Campaign in 2013, the Lend-A-Hand Grants program has provided more than 235 grants, totaling nearly $462,000 to local nonprofits. Grant awards have supported programs in such diverse areas as veterans outreach, STEM education, summer lunch programs, wildlife education, homelessness prevention, youth services, the arts, and more. Grant recipients will be announced by the Fund’s Independent Advisory Committee in December. The Community Fund welcomes nonprofit organizations to apply for grants that represent new and creative programs. * * *

Quick Response was honored with the Community Partner Award the Chamber of Southern Saratoga County Salute to Business Awards at the Hilton Garden Inn in Clifton Park on June 17. A local, family-owned and operated restoration company, Quick Response is very involved in the community. From volunteer/free services provided to first responders and nonprofits, to the annual Christmas display, community spirit is embedded in its culture, officials said. Fabian Johnston, direct of business development, accepted the award on behalf of the company. * * * NBT Bank has earned a spot on the Forbes list of America’s Best-In-State Banks 2021 announced on June 24. NBT Bank was the topranked national bank in New York state. Forbes identified America’s Best-In-State Banks 2021 based on an independent survey of approximately 25,000 US consumers who were asked to rate banks at which they have or had checking accounts. Survey participants made recommendations regarding overall satisfaction; they also assessed banks in the following areas: trust, terms and conditions, branch ser-

National Commercial Solar Harnesses Energy For Businesses And Homes In New York •

vices, digital services, customer service, and financial advice. * * *

Colden Company Inc. was named as one of the world’s premier managed service providers in the prestigious 2021 Channel Futures MSP 501 rankings. Colden Company was selected as one of the technology industry’s top-performing providers of managed services by the editors of Channel Futures. For the past 15 years, MSPs from around the globe have submitted applications to be included on this prestigious and definitive listing. The MSP 501 survey examines organizational performance based on annual sales, recurring revenue, profit margins, revenue mix, growth opportunities, innovation, technology solutions supported, and company and customer demographics. Managed services providers that qualify for the list must pass a rigorous review conducted by the research team and editors of Channel Futures that rank applicants using a unique methodology that weighs financial performance according to long-term health and viability, commitment to recurring revenue and operational efficiency. * * * Saratoga Bariatric Surgery & Weight-Loss Program, a service of Saratoga Hospital, has earned reaccreditation as a comprehensive facility by the Metabolic and Bariatric Surgery Accreditation and Quality Improvement Program. MBSAQIP is a joint program of the American College of Surgeons and American Society of Metabolic and Bariatric Surgery. MBSAQIP reaccreditation signifies that Saratoga Hospital Bariatric Surgery & Weight-Loss Program meets rigorous national standards for bariatric care. To maintain MBSAQIP accreditation, a bariatric surgery program must demonstrate that it has expertly trained staff, provides comprehensive preoperative and postoperative care, and takes a multidisciplinary approach associated with the best possible patient outcomes. MBSAQIP-accredited programs also participate in a national data registry that reports on surgical outcomes and identifies opportunities for quality improvement. The program has been MBSAQIP-accredited since 2014. The program also is recognized as a Blue Distinction Center by BlueShield of Northeastern New York and as an Aetna Institute of Quality Bariatric Surgery Facility. The program routinely draws patients from throughout the Capital Region, North Country, Western Massachusetts and Vermont. For more information a go to www.saratogabariatriccenter.com.

Washington County New Business Registrations JULY All Out Construction 2312 Coach Rd., Lot 131418 Argyle, NY 12809

Harrison Downs Construction 99 East Rd. Fort Edward, NY 12828

Peeper Bog Naturals 204 Lohret Rd. Argyle, NY 12809

Mccullen Haulin 88 Dodge Hill Rd. Granville, NY 12832

Timber and Wolf Property Services 668 Chestnut Hill Rd. Cambridge, NY 12816

Ladys Fine Landscaping PO Box 75 Granville, NY 12832

Adirondack Country Cleaners 215 Broadway Fort Edward, NY 12828

Stony Lonesome Enterprises 6 Potter Ave. Granville, NY 12832

Phoenix Electrical 34 Seminary St. Fort Edward, NY 12828

Furs Spurs and Antlers 365 Lee Rd. Granville, NY 12832

Brent McDevitt is the founder and president of National Commercial Solar Advisors Inc., which has an office in Queensbury. The company has simplified the process of going solar for businesses. Lisa Balschunat

BY LISA BALSCHUNAT National Commercial Solar Advisors Inc., with its office in Queensbury, is harnessing energy for businesses and residential properties in New York state, New Jersey and Vermont, and has its sights on Florida next, according to president and founder Brent McDevitt. Established in 2019, the company has simplified the process of “going solar” for businesses, communities and public organizations by providing customers with a comprehensive proposal and package that makes the process seamless. With nine years of experience in the solar industry and previously aligned with Apex Solar, McDevitt said that he “knew the industry would pop” and wanted to be a part of it. “When businesses invest in commercial solar energy they can significantly reduce their operating costs and potentially save tens of thousands of dollars over time,” McDevitt said. “This allows businesses to free up cash f low to use in other areas, and of course, utilize a green energy source that is good for the environment.” Solar panels do not require any additional maintenance to a building or property and McDevitt stated that most systems are guaranteed for up to 25 years. “Businesses who invest in solar energy receive a 26 percent federal income tax credit and 100 percent bonus depreciation” he said. The company offers customers looking to go solar with a total package of upfront services including a comprehensive proposal, site visit, design plans, state and federal application assistance through to a final contract. In 2020, National Commercial Solar Advisors sold and installed close to 10 megawatts of energy to its customers, and added the installation of Electronic Vehicle (EV) charging stations to its service options, according to McDevitt. “We’ve installed EV charging stations at The Sagamore Resort, The Inn at Erlowest, the Town of Queensbury, and at other hotels, resorts and bed and breakfasts in the Lake George region,”

he said. “Right now, we are super proud to be working with our first five-star hotel, Mirror Lake Inn in Lake Placid, to establish commercial solar and EV Charging Stations there. “Our install at Surfside Resort on Canada Street was the first hotel in the village to incorporate solar power onto their roofs. “We’re reducing their energy bill for lighting, pool operations, day to day electricity with over 800 kilowatt hours. Surfside is conserving 30 percent annually with its rooftop panels to offset electric bills.” While McDevitt coordinates all critical documentation from proposal to final contact and works closely with New York State Energy Research and Development Authority (NYSERDA) for his customers, he subcontracts a site team for the installations with PlugPV, of Albany, who are trained and experienced photovoltaics specialists in the industry. “PlugPV are top notch installers,” he said. “When we’re working on a new install, they provide a project manager, do a site visit with us, walk the roof to determine the number of solar panels needed, then design the project proposal in (Computer-Aided Design) then, we provide a formal proposal in preparation for a final contract,” he added, “We’re a rock solid team.” McDevitt encourages businesses thinking about going solar to contact him soon. The federal incentive for equipment purchases was 30 percent through Jan. 1. It has dropped to 26 percent incentive through Jan.1, 2022 and will be a 22 percent incentive through Jan. 1, 2023. National Commercial Solar Advisors presently employs two full-time and one part-time and is positioned for growth over the next two years. McDevitt anticipates hiring six to seven more people. For more details about National Commercial Solar Advisors, visit www.nationalsolaradvisors.com, or email McDevitt directly at brent@ nationalsolaradvisors.com.

SARATOGA BUSINESS JOURNAL • AUGUST 2021 • 15

Personnel Briefs

Promenade Apartments Open As Affordable Supportive Housing In Saratoga Springs

Promenade Apartments is a $20 million affordable housing project in Saratoga Springs. These are the two-story units that face West Circular Street. There is also a four-story structure. Courtesy Bonacio Construction

Promenade Apartments, a $20 million affordable and supportive housing development located in downtown Saratoga Springs, has been completed. Financed in part with $16.5 million in lowincome tax credits through New York State Homes and Community Renewal, the development is providing 63 affordable homes, including 10 apartments reserved for homeless veterans. Promenade Apartments consist of a four-story building with 41 apartments and three two-story townhouse-style buildings with a total of 22 units. Altogether, the development features 31 onebedroom, 26 two-bedroom, and six three-bedroom apartments—all affordable to households earning at or below 80 percent of the area median income, state officials said. It was developed by Norstar Development USA, LP, and the Saratoga Springs Housing Authority. Supportive services will be provided by the Veterans & Community Housing Coalition. Amenities include Energy Star appliances, a community room with laundry facility, a fitness room, storage space for tenants and an outdoor playground area. The development is also located within a half-mile of retail stores, schools, bus transportation lines, pharmacies, banks, libraries, health centers, grocery stores and restaurants. The units are at 1 South Federal St., on he same property at Stonequist apartments. “As we build back New York better than it was before, we must acknowledge the critical role that affordable and supportive housing plays in helping grow vibrant communities throughout the state,” Gov. Andrew Cuomo said. “This development is providing affordable homes aimed at ensuring that Saratoga Springs remains a place where everyone has the opportunity to live, work and raise a family -especially those servicemen and women who served our country with honor.” Promenade Apartments is part of the state’s $20 billion, five-year plan to provide all New Yorkers with access to safe, affordable housing by building and preserving more than 100,000 units of affordable housing and 6,000 units of supportive housing. Since 2011, New York State Homes and Community Renewal has invested $490 million in the Capital Region to create or preserve nearly 5,600 affordable homes. State support for Promenade Apartments includes the allocation of federal and state lowincome housing tax credits that generated about $16.5 million in equity from HCR. The New York

State Energy Research and Development Authority (NYSERDA) provided $64,800 in grant funding to the project through its Low-Rise New Construction program. In addition, Key Community Development Corp. provided $2.9 million. Saratoga Springs Housing Authority Executive Director Paul Feldman said, “Increasing the amount of affordable housing within the city has been a priority of the Saratoga Springs Housing Authority for years and we are very proud of the fact that we can now offer quality affordable housing to an additional 63 families who wish to reside in Saratoga Springs. “This project took years of work behind the scenes and was truly a team effort, so we wish to thank our Development Partners at Norstar Development for leading this effort. Richard Higgins President of Norstar Development USA, LP said, “We are proud and honored to have been a part of the Saratoga Springs Housing Authority’s development team. The Promenade Apartments will add much needed quality, affordable housing in the city of Saratoga Springs. We are very grateful to New York State Homes and Community Renewal, the city of Saratoga Springs, Key Bank, the design team at Balzer and Tuck Architects and the LA Group, and, the construction team at Bonacio Construction who all worked together to make this project a great success.” Mayor Meg Kelly said, “As detailed in our 2020 Community Development Consolidated Plan, the creation of affordable housing continues to be an overarching priority for the city. I am pleased to say that we have made tremendous progress on this effort in the last five years. “Seven projects with a possible 510 new affordable housing units have been completed, are currently under construction, or in the approval process. The Saratoga Springs Public Housing Authority has been a crucial partner in this effort -adding 63 highquality units through the Promenade Project, and another 24 at the Vanderbilt and Jefferson Terraces, to be completed shortly.” Assembly Member Carrie Woerner said, “I am delighted to see the Promenade Apartments opening to serve residents of Saratoga Springs. These beautiful apartments will help address the chronic problem of affordable housing in this city with thoughtfully designed dwellings in a convenient location.”

Continued From Page 2

Saratoga Hospital promoted Jeﬀ rey Casale to associate vice president of support services. He oversees engineering, construction and property management, public safety, emergency preparedness, environmental services, and food and nutritional service. Casale, of Ballston Lake, joined Saratoga Hospital in 1988 and has held positions of increasing responsibility ever since. Most recently, he was director of facility operations. Casale played an important role in every major Saratoga Hospital building project in the past two decades. An advocate for continuing education, he spearheaded efforts to implement the Certified Healthcare Environmental Services Technician certification program for environmental services employees at Saratoga Hospital. Under his leadership, Saratoga Hospital was the first hospital in the Capital Region to earn a Clean Facility certificate from the Association for the Healthcare Environment. Launched in response to COVID-19, the certificate program helps assure patients, staff and visitors that a facility adheres to hospital-grade cleaning and disinfection practices. Casale also was instrumental in reviving the Eastern New York Society for Healthcare Engineering, the local chapter of the American Society for Healthcare Engineering. Currently, he is the Eastern New York chapter president. *

Saratoga Hospital has appointed three new board members: Margaret Smith Cassier of Airosmith Development, Kate Forer of Presbyterian-New England Congregational Church and Michael Trimarchi of CommerceHub. Smith Cassier, of Greenfield Center, is founder, president and CEO of Airosmith Development, which provides turnkey site acquisition, project management and engineering services. Under her leadership, the company

SEFCU and CAP COM Continued From Page 12

to community. We plan to apply the ‘best of both worlds’ principle in everything we do as we integrate our approach to supporting employees, members and the community. “We are also excited about advancing our purpose-driven mission in new and exciting ways from expanding and enhancing our products, services, and support for our members, to offering deeper, more meaningful financial and volunteer contributions to nonprofit organizations.” The robust due diligence process and

has been named to the Inc. 5000—Inc. Magazine’s 5,000 fastest growing private companies—and Albany Business Review’s Best Places to Work in 2017, 2018, 2019 and 2020. She is a member of Key4Women and the New York City and Saratoga Springs chapters of the Women Presidents’ Organization. She serves on the board of directors of Wellspring. Forer, of Saratoga Springs, is senior pastor of Presbyterian-New England Congregational Church. She has earned honors for her social justice efforts, including the Excellence in Faith Formation Award from the New York State Council of Churches and recognition from Shelters of Saratoga for leadership in creating an inclusive community. Forer also was named a Woman of Distinction by the State Assembly. Her volunteer involvement includes serving on the leadership team of the Saratoga Collaborative to End Homelessness and the board of directors of Saratoga Regional YMCA. Trimarchi, of Wilton, is a CPA and the chief fi nancial officer for CommerceHub, a leading provider of cloud-based e-commerce fulfi llment and marketing services. He has more than a decade of fi nancial leadership experience with global companies in soft ware and medical device industries. Trimarchi serves on the School of Business Advisory Council of SUNY Albany. He also has co-chaired the American Heart Association’s Capital Region Heart Walk and Run and served on the board of directors of Junior Achievement of Northeastern New York. Other Saratoga Hospital board of trustees members are: Raimundo C. Archibold Jr.; Angelo G. Calbone, Saratoga Hospital president and CEO; David J. Collins; Kari P. Cushing; Susan Law Dake; Dr. Steven M. Frisch; Michael H. Iacolucci; Frank L. Messa; Dr. Marianne A. Mustafa; Elizabeth Wood Pustolka; J. Thomas Roohan; Theresa M. Skaine, vice chairperson; N. Keith Stewart, treasurer; Michael J. Toohey, chairperson; and Heather M. Ward, secretary. regulatory approval of both the National Credit Union Administration and the state Department of Financial Services, and the membership vote, will likely require an effective date of the transaction in 2022. CAP COM is a member-owned financial institution based in the Capital Region with more than $2 billion in assets and 12 branch locations. The credit union was established in 1953 and has more than 140,000 members. Established in 1934, SEFCU is among the 50 largest credit unions in the U.S. with more $5 billion in assets, more than 350,000 members, and more than 50 branches in the Capital Region, Binghamton, Syracuse, and Buffalo.

16 • SARATOGA BUSINESS JOURNAL • AUGUST 2021

Pines@SPAC

Business Registrations

Continued From Page 1 Empire State Development, Live Nation and Parks for their generosity and collaboration,” she said. The project restored park-like aesthetics to the grounds and opened up original site lines from the Route 50 Gate to the Victoria Pool. It provides brand new and vastly expanded restrooms and concessions areas and new measures for safety and security. The main concession building includes a second-story, offering year-round event space with the Nancy DiCresce Education Room to support and encourage expanded educational programming, audience development and community engagement activities. The exterior facade of the upper level includes a glass and aluminum storefront design, allowing guests to walk out onto a rooftop terrace facing the amphitheater. The enclosed portion of this building provides climate-controlled space for events, and the lobby atrium leading to the second floor features the rich history of SPAC as well as space for revolving displays of local artwork. Currently on display is an exhibition from the Tang Teaching Museum. The second building added new restroom and concessions facilities, and created more open, useable space to improve guest movement throughout SPAC. Infrastructure systems and utilities were modernized to support the new buildings and surrounding public space. Upgraded pedestrian walkways improve access between the amphitheater lawn and the main plaza and provide easier paths for travel throughout the venue. In the center of the main plaza a new open-air covered pavilion enhanced the park aesthetic, while restoring the original sight lines from the Route 50 bridge to the Victoria

Pool. “For decades, the Saratoga Spa State Park has attracted visitors from across the state and around the world,” Gov. Andrew Cuomo said. “This project is another major step forward in the renewal of this great park and provides needed renovations to the Saratoga Performing Arts Center that will further cement it as a critical economic and cultural driver in the Capital Region.” Live Nation Regional President Jimmy Koplik said attending concerts at SPAC “is an essential part of summers in upstate New York. We are grateful for our partnership with SPAC to connect fans with their favorite artists in this spectacular venue. With these tremendous enhancements to the customer experience, we look forward to many more great nights of live music under the stars at SPAC.” In 2019, State Parks completed a $1.75 million project to renew the SPAC amphitheater’s aging balcony ramps and lighting with an elegant and safe entryway. The new railing system’s contemporary aesthetic better integrates with the amphitheater facade which was upgraded in 2012. Under NY Parks 2020, more than $18 million has been invested in Saratoga Spa State Park, including modernizing the Peerless Pool bathhouse, a one-mile paved accessible walking trail loop, a new disc golf course, a sensory pollinator garden and accessible, colorful and engaging playground. Other projects include opening the new Creekside Classroom environmental education facility, preserving the park’s historic campus buildings and adding new pavilions, trails and playgrounds.

Golf Course Sold

entire Capital Region.” “We want this to be one of the premier public golf courses in the Capital Region bar none,” said Orcutt. “It will be about bringing up the turf conditions and possibly adding additional amenities that you would expect to see at golf course or country club. We want to bring our fivestar quality and craftsmanship to these interior and exterior buildouts which is what Executive Group does for its customers.” Executive Group has worked with Carlyle Hotel, the Ritz Carlton, Parker New York, and numerous other five-star luxury hotels. They specialize in interior architectural millwork and casework that includes cabinets, solid panel products, metal, glass, stone, upholstery, and fabrics. For their interior buildouts, they collaborate directly with the top design firms in the world, he said.

Continued From Page 10

property renovations and improvements. He doesn’t rule out the possibility that the ultimate investment will be multiple millions of dollars. Renovating the existing banquet facility will be a top priority. The Vista is almost 20 years old and in need of updating. “That’s probably going to be phase one because the building is already there and that’s what we (Executive Group) do,” he said. “When we are done, it will be absolutely top-notch, five-star all the way across the board like we do with our projects in New York City and Boston. Our goal is for it to be the premier banquet facility in the

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Tailored Wealth Solutions Michael Testa 110 Henry St. Saratoga Springs 12866

ADKDesinz Amanda Prescott 586 Antone Mountain Road Corinth 12822

Lavish Locks by Samantha Samantha Niles 3257 Route 9, Suite 2A Saratoga Springs 12866

Brin and Bai Children’s Boutique Brittany Zabek 19 Pine St. Corinth 12822

Levine Marketing Consultants Sierra Levine 19 Commons Boulevard Clifton Park 12065

All Trophies Guide Service Charles Crouchman 36 Coachman Drive Ballston Spa 12020

Russo Patio Joshua Russo 1427 Saratoga Road Ballston Spa 12020

Ciao Aesthetics Kathryn Romano 328 Broadway Saratoga Springs 12866

Bigfoot Bike Rental and Tours Chris Payant 122 Broad St. Schuylerville 12871

Plush Stylez By D and D Girlz April Ramos 38 Woodridge Circle Clifton Park 12065

Isopo’s Kenneth Davis Samuel Bottini 3 Monterey Court Saratoga Springs 12866

Organic Cleaning Services Luciline Aboubacar 20 Southview Halfmoon 12065

BMV Transport Billy Mabb 262 Fayville Road Galway 12074

If There’s a Will, There’s A Way Construction William Sherwood 1273 Eastern Ave. West Charlton 12010

HE Fabrication Michael Eggleston 55 Heath St. Corinth 12822

Kodee’s Krunchies Blair McDonald 171 Russell Road Schuylerville 12871

Diva’s Cleaner Divani Lima da Silva 105A Overlook Pass Halfmoon 12065

Beam Design and Drafting Bryan Meskill 28 Ballard Road Gansevoort 12831

Stellade Development Steven Barker 13 Drummer Drive Mechanicville 12118

Local Roots Vincent Walsh 160 Wilton Road Greenfield Center 12833

Alex Kilmer Logging Alexander Kilmer 16 Plank Road Porter Corners 12859

JnM Masten Home Improvements Joseph Masten 4313 Route 9N Greenfield Center 12833

Endeavor Equestrian Joanna Nyenhuis 28 Hudson Drive South Glens Falls 12803

Nicholson’s Therapeutic Massage Terri Jo Nicholson 202 Bluebird Road South Glens Falls 12803

Hardline Communications James Ferraro 7442 Wiley Town Road Middle Grove 12850

Classic Threads Boutique Alexis Boyd 310 Old Harbor Drive Halfmoon 12065

Hardhat Acres Laurie Rabideau 5198 Fish House Road Galway 12074

Dirty Rich’s Sealcoating Richard Stuart 57 Depot Road Porter Corners 12859

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SARATOGA BUSINESS JOURNAL • AUGUST 2021 • 17

Seedlings

Business Registrations •

Outdoor Engine Repair Joseph Ferraro 123 Clute Mills Road Middle Grove 12850

Home and Property Solutions Tasha Ostapczuk 34-3 Allen Drive Saratoga Springs 12866

MJS Cleaning Company Paul Krusko 27 Adirondack Circle Gansevoort 12831

Brooke Merlow Hair Brooke Merlow 3257 Route 9 Saratoga Springs 12866

Italian Way Patrizia Dwyer 4 Ushu Court Gansevoort 12831

RB Services Robert Butler 195 Bath St. Ballston Spa 12020

G and D Enterprises Dante Thompson Gabrielle Skellie 29 Spring St. South Glens Falls 12803

JDI General Construction Joseph Ives 4956 Route 50 Gansevoort 12831

Des Jardins Gardens Matthew Des Jardins 67 York Ave. Saratoga Springs 12866 Permanent Makeup By Emily Emily Gulbrandsen 7 Wells St. Saratoga Springs 12866 PM Machine Paul Michel 348 Wilton Road Greenfield Center 12833 Dark Property Management Mark Gillie 749 Arnold St. Ballston Spa 12020 Can I Help You Kenneth Rolston 8 Cambridge Ave. Clifton Park 12065 Jesseatswell Jessica Eithier 4302 Ellsworth Boulevard Ballston Spa 12020 Amaral Consulting Group Brian Amaral 20 Ashdown Road Ballston Lake 12019 The Finishers Joseph Murphy 26 Pine Ridge Clifton Park 12065 MD Landscapes Michael Duclos 212 Sunset Ave. Ballston Spa 12020

Birchwood Farm Antiques Justin Moore 7 Rivercrest Road Gansevoort 12831 SW Service Sabrina Whitman 195 Bath St. Ballston Spa 12020 Don’s Cut and Sew Upholstery Don Rose 34 Forest Road Burnt Hills 12027 Sweets and Seasonings From the Heart Sara Meierdiercks 343 Hop City Road Ballston Spa 12020 Pressureworks Power Washing Austin Tennant 18 Antone Mountain Rad Corinth 12822 Magnolia Hair Studio Maggie Mae Selig 175 Route 236 Halfmoon 12065 Rode’s Auto Detailing Kayla Rodecker 194 Middle Grove Road Greenfield Center 12833 Shonda’s Top to Bottom Cleaning Service Shonda Gregoire 131 Second St., Apt. 2 Waterford 12188

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we will use it,” she said. She starts with the meal plans the farm puts out “such as the soup or chia pudding of the week.” She models her baby flavors after those menus because “the ingredients are on hand.” The flavors are not what’s seen on the typical grocery shelf. “It may sound a little scary to a parent to expose their baby to watermelon gazpacho or brussels sprouts,” she said. “But there is no reason a baby can’t develop a taste for a variety of fruits and vegetables, fresh herbs and spices.” But there is no salt, no added sugar and no preservatives, she said. Dr. Lefner has been working with Cornell University Food Ventures Center, which operates under the School of Agriculture and Life Sciences, to bring her brand into the marketplace safely. “The center makes sure new food businesses are upholding industry standards for processing and safety, from the temperature the food is heated to the type of sealing used,” she said. “We send them batches of food for evaluation and they report on its processing and verify it is safe.” Seedlings Baby Food comes in recyclable glass containers and can be refrigerated for up to three days or frozen by the purchaser up to three months. There are three phases of Seedlings meals as solid food is introduced into an infant’s diet. Stage 1 for age 4-6 months is single-ingredient baby food with a yogurt-like consistency. “Doctors recommend adding one ingredient at a time to baby’s diet to see if there may be a reaction to that food,” Lefner said. Stage 2 provides “combinations of ingredients with a spice or two,” such as sweet potato and cinnamon. The meals are thicker like creamy oatmeal, she said. Stage 3 is a layered meal in a bowl, such as baby minestrone over quinoa or Greek chicken with cumin-scented rice. “The bowls have great flavors and are visually pleasing because fresh ingredients are so colorful,” she said. Visit www.seedlingsbabyfood.com for more information.

18 • SARATOGA BUSINESS JOURNAL • AUGUST 2021

Cardona’s Market In Albany Buys Roma’s, Including Store On Washington St. In Saratoga

Roma’s on Washington Street in Saratoga Springs has been purchased by Cardona’s Market in Albany, a company that has operated there for more than 75 years.

Don't Miss These Saratoga Area Wineries, Breweries & Distilleries When Visiting Saratoga Springs Did you know the Saratoga / Lake George region is home to a thriving craft beverage scene, with numerous wineries, breweries & distilleries you can visit? You can spend a day touring on the craft beverage trail or you can choose just one or two regional places to visit at a time. Contact each business below for more information on how you can stop by for a tasting, and be prepared to bring home a bottle - or a case - of your favorite wine, beer or spirit!

BY JILL NAGY Roma Foods Importing Co., an Italian specialty foods company with stores in Saratoga Springs and Latham, has a new owner and will soon have a new name, expanded menus, and enlarged facilities. Cardona’s Market, a similar business located in Albany, bought the Roma business in June. They are building a large production kitchen at the Latham location and expanding the kitchen in Saratoga at 222 Washington St., according to Robert Cardona, one of the three brothers who own the company. In time, the Roma locations will be renamed Cardona’s, he said. The Cardona brothers, August, Robert Jr., and Anthony, are the third generation to own the business which was founded in downtown Albany in 1945. Roma also traces its roots to Albany, where it was founded by Frank Bolognino in 1946. His four sons ran the business at the time of the sale. They plan to retire but Frank’s granddaughter, Nicole Bolognino, who manages the Latham store, is staying on through the transition. The Saratoga store “cranks out sandwiches like crazy,” said Robert Cardona Jr. Under the new ownership, the store will

Renovations

The Saratoga Winery & Tasting Room Saratoga Springs, NY Sit back, relax, and taste handcrafted wine just 4 miles from downtown Saratoga! The Saratoga Winery & Tasting Room is the only place to try Saratoga's best wine, beer, and spirits. We offer a full menu of wood-fired pizza, sandwiches & more. Unified Beerworks Malta, NY If you're looking for good beer and conversation in the Capital Region, then take a trip to Unified Beerworks in Malta, NY. This local craft brewery and taproom is the perfect place to try new craft beers with others. Ledge Rock Hill Winery & Vineyard Corinth, NY Ledge Rock Hill Winery & Vineyard is an authentic Adirondack winery producing premium handcrafted award-winning wines for every taste. Visit their tasting room for a one-of-kind wine tasting experience amongst picturesque towering pines & birches! Bolton Landing Brewing Company Bolton Landing, NY Located right in the heart of Bolton Landing, NY, Bolton Landing Brewing Company is a brewpub that offers a fantastic selection of craft beers and some tasty pub grub. Enjoy a drink on their outdoor patio, hang out at the bar, or relax at a table. Slickfin Brewing Co. Fort Edward, NY Slickfin Brewing Co. in Fort Edward is a local microbrewery and taproom that is producing and

serving up artisan crafted ales and lagers by the barrel. Their passion is to create craft beverages that bring together family, friends, and the community. Walt & Whitman Brewing Saratoga Springs, NY Walt & Whitman features a taproom and café that each offer distinctive food and beverage options. The taproom serves up craft beer and pizza, while the café focuses on coffee and lighter fare. Yankee Distillers LLC Clifton Park, NY Yankee Distillers is a New York State farm distillery that includes a tasting room and retail outlet, in addition to its distilling facility. The distillery specializes in rye whiskey, bourbon, and vodka. Altamont Vineyard & Winery Altamont, NY Using our rich history in conjunction with current innovations, we produce complex yet appealing wines. Our Tasting Room and Gift Shop are great for tastings or private gatherings. Stunning views & walking paths make this the perfect NY destination. Northway Brewing Co. Queensbury, NY Northway Brewing Company is excited to craft beers that celebrate the people and landscapes that make up our area. Our beers range from big IPA's to beautifully crafted sours and stouts. Check out our current tap list by visiting our website. Cheers! Listings Provided Courtesy of Saratoga.com

Continued From Page 10 in your chair for a quick brainstorm with a nearby colleague. There are no impromptu discussions in the breakroom or hallway. Businesses are realizing that this has resulted in an inadvertent work slow-down and has no doubt impacted productivity. Whether they realize it or not, employees are also making sacrifices by working from home. First, a lack of face time with your manager (especially if other peers are working in-person) can be detrimental to your career progression. Another drawback of working from home that many people have discovered is that work-life boundaries get blurred. When work is always there, just down the hall in your home office, it can be difficult to ever truly “log off.” In order to meet the demands of employees while achieving the goals of the company, businesses must accept that flexibility is once again going to be key if they want workers to return to the office. That flexibility can take many shapes. Perhaps it’s allowing employees to have a hybrid schedule, coming into the office a few days a week and working the remainder of the time from home. Another key will be designing office spaces that appeal to workers—both current employees and the top-talent they hope to attract—and make them feel safe, enticing them back into the office. With unemployment low and businesses desperate to hire, workers hold the reins, so companies must make some accommodations in order to hire and retain the best employees. We are seeing a number of trends emerge

continue to feature sandwiches but will offer a greater variety, he said. Cardona’s catering menu will be introduced to the Saratoga Springs store, along with expanded take-out items, a steam table for hot food, more “grab and go” offerings, and a few cafe seats for customers who prefer to eat inside. The new owners expect to move some equipment around and change the layout of the store for better customer flow and shorter waits, Cardona said. Robert is in charge of production as the head chef. He will preside over the new production kitchen in Latham. In the meantime, he said he makes about 7,000 meatballs and 200 gallons of sauce in a typical week. Cardona plans to keep all of Roma’s employees who want to stay and is looking to hire additional staff. The combined company has 75 full-time and 10-15 part-time employees. A month ago, it was hard to fi nd people to work, Robert said, but things are easing up now and “people want to work.” The Saratoga store remains open. Hours are Monday through Saturday, 9 a.m. to 6 p.m. It is closed Sundays.

as businesses revamp their space in order to appeal to workers who may be apprehensive about returning to the office. First, employees want more space. After a year of being told to maintain your social distance, no one wants to be elbow-to-elbow. Employees want bigger conference rooms so they can sit further apart (and leave the door open for air circulation). They want bigger and deeper desks so you can sit across from someone but not feel cramped. Second, a lot of businesses believe they don’t need as much office space because of the hybrid employee trend. As a result, many are consolidating space. In the short-term, this saves money on rent, yes, but the tradeoff may be that the business doesn’t have room to grow. It is worth considering if a better long-term strategy would be to maintain their existing square footage and simply reconfigure the space to accommodate their current headcount in a more spacious layout. Employers across the board are eager for their workers to return to the office, but some are agonizing about the right way to achieve this. In my experience, companies need to be decisive and confident in their decision while making accommodations within reason. Again, flexibility is the name of the game in today’s world. Consider your business’s long-term growth goals. If your best people are leaving because they want a permanent work-fromhome option, you will have to spend time and resources on rehiring. And the reality is that those new employees also will likely desire a hybrid schedule. If all an employee is asking for is a little flexibility, a better office, a bigger workspace, that is a small price to pay to keep your top talent happy.

SARATOGA BUSINESS JOURNAL • AUGUST 2021 • 19

Lake George Suites Sold For $3.2 Million To Long Island Air Conditioner Manufacturer Muroff Hospitality Group announced the sale of The Lake George Suites, 3678 Lake Shore Drive in Lake George. The owner of a Long Island air conditioner and pump manufacturing company has purchased the resorts, a six-bedroom home and 20 boat slips for $3.2 million. R.E. Hansen Industries Inc. of St. James is the new owner. Mitch Muroff of Muroff Hospitality Group represented the Seller and secured the buyer in a confidential listing presented only to qualified buyers. The transaction closed on Tuesday, June 15, Muroff said. The manager who previously oversaw the property will continue in the same position under the new ownership, he said. Lake George Suites is located a quarter mile from the 2.8-acre Adirondack Diamond Point Lodge, which was acquired by Todd Drake of CornerStone Building Corp. in Watervliet for $900,000 on April 15. The property, with a vast view of the lake, is in the prestigious Diamond Point section of Lake George. It features a six-bedroom home, private sandy beach, cottages, guest rooms, suites, a swimming pool and a marina. The marina has 20 docks and moorings. Late last year, Muroff Hospitality Group sold Dagget Lake Campsites and Cottages at 660 Glen Athol Road in Thurman for $2.8 million. Terry Crikelair of Adirondack Preserve LLC

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purchased the property. As the summer vacation season opened, the property is being kept for the same use as previously. It includes two homes, cabins, cottages and RV sites. Muroff Hospitality Group is a boutique hospitality firm based in Massachusetts that brokers the sale of hotels, motels, resorts and campgrounds. It represents independent and franchised hoteliers alike with a range of personalized services.

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20 • SARATOGA BUSINESS JOURNAL • AUGUST 2021

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