By Paul Post
Bonacio Construction Co. in Saratoga Springs helped transform the Spa City with one large, multi-million-dollar project after another since its founding in 1988.
About a decade ago, the Saratoga Springs-based firm turned its attention to Glens Falls.
Now, in one of its most ambitious ventures ever, Bonacio hopes to rejuvenate South Street with a multi-phase project involving new construction and renovating existing structures such as the once-popular Sandy’s Clam Bar, Hot Shots tavern and a business incubator building behind Hot Shots at 36 Elm Street.
Elsewhere, Bonacio is still quite busy in Saratoga Springs, currently doing foundation and structural work for a new addition behind the former Rip Van Dam Hotel, connected to the adjacent Adelphi Hotel on Broadway, which was rebuilt four years ago for $28 million. The completed project will comprise one large resort with hotel rooms, studios and apartments.
In Glens Falls, “We saw a town that was once a jewel and had won the All-American City Award, but which like a lot of upstate New York communities had struggled through some down years,” said Larry Novik, company development director. “But it was clearly making a strong comeback. We saw a beautiful downtown with a really nice layout and a lot of quality, attractive buildings. We were just excited by what we were seeing.”
The company’s first project in Glens Falls was a new six-story retail, commercial and residential building at the intersection of Hudson Avenue and School Street, near the city’s new parking garage by Glens Falls Hospital.