Located in New York’s Capital District, Saratoga County has seen tremendous population growth over the past few decades, and not surprisingly the demand for quality housing is high. Saratoga has historically been a major tourist attraction and is also located in the Albany-Schenectady-Troy metropolitan area, nicknamed “Tech Valley”, which is home to an expanding tech industry. Also key to the county’s growth is its easy accessibility via Interstate 87, which links area and the New York State Thruway system.
Winners Circle at Saratoga is a planned, multi-phase project that when complete will total more than 700 residential units. CPC provided a $23 million Freddie Mac permanent loan to developer Kaydeross Village, LLC to refinance an existing construction loan for Phase III of the project, which consists of 19 two-story, garden-style apartment buildings totaling 190 residential units.
Its location just a few short miles from downtown Saratoga Springs as well as its proximity to Interstate 87 provides convenient access to employment centers, commerce, and major thoroughfares to the south in Malta and Albany and north to Glens Falls. The development includes a state-of-the-art fitness center with an outdoor in-ground swimming pool and club house, and each resident will have private entrances, garages, full size washers and dryers, and central air. Most importantly, this third phase of Winners Circle at Saratoga brings new high-quality, reasonably priced residential housing that is well suited to serve a growing and dynamic area.