By Andrea Harwood
The Hayes Group, parent company to the Cool Beans coffee shop conglomerate and Hayes Construction, is building 26 townhomes off of 15 Luzerne Road in Queensbury.
Michael Hayes, partner, said the company is almost ready to start renting units.
The development, named Saint James Place, is comprised of 13 duplexes, all three-story structures.
“It’s intended to be built like a neighborhood,” said Hayes. “It’s a private, one-way drive with no thru traffic, so kids can play safely in the area. We’ve been approached by people who want to buy them as a townhome for themselves, but we’re going to retain them as rentals.”
The units will be large three-bedroom apartments at around 1,800 square feet, with granite countertops and upgraded kitchens and baths. Hayes describes the apartments as “more on the luxurious side.”
“They’re intended to be a more affordable alternative to a house, while still being as comfortable,” said Hayes. “The location is ideal for commuters, being so close to the Northway and all the services right within a quarter of a mile.”
The rental rates will be between $1,495 and $1,695 a month, which constitutes just below market rate in today’s rental environment.
“We’re striving to have quality long-term tenants, not just turn a buck,” said Hayes. “We don’t want to gauge anybody. We want good people and we want them to stay with us.”
Most of the apartments will be ready to rent by late fall, he said, with the remainder being available by the spring of 2023.