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What you need to know for 04/28/2017

Route 50 site eyed for Katz project

Route 50 site eyed for Katz project

An ambitious development that would include more than 60 houses, at least 10 apartment buildings wit

An ambitious development that would include more than 60 houses, at least 10 apartment buildings with 11 units each, and a three-story building with commercial space and apartments is envisioned for Route 50 in the town of Ballston.

Developer Mark Katz, owner of a line of storage centers, is asking the town to approve a mixed-use Planned Unit Development District south of Meadowbrook Court and McCrea Hill Road. The project, which was discussed in a June Town Board meeting, is expected to be discussed later this month at another Town Board meeting.

“It’s a very large project for the town of Ballston,” said Katz, who is hopeful that construction could start in two years depending on local and state approval of the project and zoning exceptions.

He said the scope of the project makes sense, as he feels this area is ripe for development considering its proximity to GlobalFoundries in Malta and the Burnt Hills-Ballston Lake School District. “My wife told me to slow down a bit … but things are coming,” Katz said.

The 90-acre property is currently unused and about one-fifth of the land is covered by wetlands, he said. The proposed development would take up about 60 acres.

If the project gets a green light, Katz, who has owned the land for more than two years, would still need to line up financing. In his timetable, funding would be secured next year.

Prior to building, the infrastructure needs, including at least two miles of road and an extension of the nearby sanitary sewer, would need to be addressed.

The proposal includes a three-story mixed-use building, with retail on the ground floor, including Katz’s office and other commercial spaces that could cater to nearby residents, like a deli. There would be a total of 40 apartments on the second and third floors.

According to the minutes of the June 11 Town Board meeting, Katz estimated that the single-family homes, which would sit on about a sixth of an acre each, would range in price from $280,000 to $320,000.

The homes would be part of a homeowner’s association, which would be responsible for maintaining a walking trail on the property.

The Town Board members had a lot of questions in the June 11 meeting for Katz and project engineer Jason Dell of Lansing Engineering. Town Board member Mary Beth Hynes argued that the single-family homes were too densely packed and Town Board member William Goslin expressed concerns about setback with the multiuse building.

Town Board member Timothy Szczepaniak said the proposed district was designed well.

Regarding the meeting with the Town Board, Katz said: “[The board] seemed to like it. They wanted me to add a little more commercial space out back.”

“It seems like this part of [Route] 50 will take off and a project like this would really help,” he added.

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