HOME IS WHERE MARKET IS

Project with Price Chopper below, apartments on top will open this summer

CHRIS CHURCHILL BUSINESS WRITER
Section: Business,  Page: B8

Date: Saturday, December 3, 2011

SARATOGA SPRINGS -- The city's new Price Chopper -- being built as part of a 124-unit apartment building -- is expected to open in early summer.


The Market Center project, being built by Bonacio Construction and Galesi Group at 19 Railroad Place, a block from Broadway in downtown Saratoga Springs, will include five stories of apartments above the 20,000-square-foot supermarket.


This Price Chopper will be significantly smaller than the chain's other stores.


And during a "topping off" ceremony held Friday to celebrate the building's progress, Neil Golub, head of Schenectady-based Golub Corp., which owns Price Chopper, described the Saratoga Springs store as an experiment the chain might repeat in other urban locations -- if it succeeds financially.


In significant respects, the store will be similar to larger Price Choppers -- designed to serve the basic needs of shoppers, although geared a bit more to folks arriving on foot.


"This is not going to be a gourmet store," Golub said. "If we were high-end, we would only serve a fraction of the population."


The apartments, though, will be upscale, with monthly rents for one-, two, and three-bedroom apartments ranging from $1,360 to well above $2,000.


Price Chopper operates an existing, one-story grocery just a loaf of bread's throw from the new construction. That store will close when the new supermarket opens.