{"id":38929,"date":"2026-03-17T12:00:43","date_gmt":"2026-03-17T16:00:43","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=38929"},"modified":"2026-03-17T12:00:43","modified_gmt":"2026-03-17T16:00:43","slug":"lagoon-restaurant-partners-purchase-village-mall-property-in-lake-george","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2026\/03\/lagoon-restaurant-partners-purchase-village-mall-property-in-lake-george\/","title":{"rendered":"Lagoon Restaurant Partners Purchase Village Mall Property In Lake George"},"content":{"rendered":"<figure id=\"attachment_38930\" aria-describedby=\"caption-attachment-38930\" style=\"width: 1000px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38930\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2026\/03\/villagemall_1h.jpg\" alt=\"\" width=\"1000\" height=\"750\" srcset=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2026\/03\/villagemall_1h.jpg 1000w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2026\/03\/villagemall_1h-300x225.jpg 300w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2026\/03\/villagemall_1h-768x576.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-38930\" class=\"wp-caption-text\">Lake George Village Mall on Canada Street was recently purchased by the partners behind The Lagoon, who plan phased renovations to the longtime retail property in the village\u2019s downtown core.<br \/>Glens Falls Business Journal<\/figcaption><\/figure>\n<p>By Carol Ann Conover<\/p>\n<p>The partners behind one of Lake George Village\u2019s most recognizable waterfront restaurants have added a new chapter to their story, acquiring the Village Mall \u2014 the 50-year-old retail complex on Canada Street where their business was born.<\/p>\n<p>Joe Mondella, Mark French and John Grillo, equal partners in GNSD Enterprises LLC, recently completed the purchase of the Village Mall in the village of Lake George. The trio opened The Lagoon restaurant inside the mall in 2018, leasing from the Quirk family, which previously owned the property.<\/p>\n<p>\u201cAs we opened the business and started running the restaurant, we quickly realized that the location \u2014 right on the lake in the heart of Lake George \u2014 had just a ton of potential,\u201d Mondella said.<\/p>\n<p>From its original single-level footprint, The Lagoon has expanded to occupy six of the mall\u2019s 16 storefronts, adding a second kitchen and patio on the lakeside level below. The partners installed a pizza oven, built out a prep kitchen and remodeled the bar as they invested steadily in the space they did not yet own.<\/p>\n<p>\u201cWithout owning the property ourselves, it seemed like: are we going to continue to invest in this property that we don\u2019t own?\u201d Mondella said. \u201cAfter a really short period of time, we said to ourselves, if we\u2019re going to invest all this money and we\u2019re going to be here, it would really be in our best interest to own the building.\u201d<\/p>\n<p><b><span class=\"Apple-converted-space\"><strong><span class=\"s1\"><span class=\"s2\"><!--more--><\/span><\/span><\/strong><\/span><\/b>The acquisition coincides with approval of Downtown Revitalization Initiative funding from New York state, which carries requirements that will reshape the mall\u2019s exterior. Under the DRI terms, the partners must renovate the facades on both the Canada Street and lakeside faces of the building.<\/p>\n<p>\u201cYes, it\u2019s old and it has charm, but it definitely could use that facelift,\u201d Mondella said of the building. \u201cWe\u2019re excited to be able to do that.\u201d<\/p>\n<p>A central aim of the state funding, Mondella said, is helping make Lake George a year-round destination \u2014 a goal that aligns directly with how The Lagoon has operated since opening. The restaurant has remained open 12 months a year, seven days a week, even during the slow winter months when much of the village goes dormant.<\/p>\n<p>\u201cThe faster we can get started on the first phase \u2014 the Lagoon side of things \u2014 the faster we\u2019ll be able to generate capital ourselves and fund the entire renovation,\u201d Mondella said. The DRI funding must be used within five years.<\/p>\n<p>The renovation will proceed in phases, with the lakeside deck expansion and building winterization at the top of the list. Mondella noted that the current structure lacks adequate insulation \u2014 an issue that is literally felt by guests.<\/p>\n<p>\u201cThere are a lot of times you come into our dining room and people are wearing their winter coats because the building isn\u2019t insulated,\u201d he said. \u201cCompletely winterizing the entire building will be part of what we do.\u201d<\/p>\n<p>The goal is to have the first phase of renovations completed by next winter, with the full project wrapped up within one to three years. The partners said they do not intend to let the full renovation extend beyond that window.<\/p>\n<p>Ten storefronts on the street level remain available to rent or continue operating. Current tenants include gift and souvenir shops, a candy store and a jewelry store, with at least one tenant having operated in the mall for 30 to 35 years. Mondella said the new owners want existing tenants to stay.<\/p>\n<p>\u201cWe want to make the place look as nice and be as inviting as it can,\u201d Mondella said. \u201cWe\u2019re open to all ideas. We\u2019re really trying not to get too committed to anything because we\u2019re just not there yet.\u201d<\/p>\n<p>When asked about the possibility of adding outdoor-recreation retail \u2014 such as hiking or fishing gear \u2014 to complement the lakeside setting, Mondella said the group is taking things one step at a time, with the restaurant and lakeside improvements as the foundation.<\/p>\n<p>Mondella acknowledged that operating year-round in a summer-dominated resort town is not easy and said he draws inspiration from neighbors who have already made it work, including Adirondack Winery, Capri Pizza, Adirondack Brew Pub, the Garrison and the Lighthouse.<\/p>\n<p>\u201cWe really believe we\u2019re kind of all in this together,\u201d he said. \u201cWe all want Lake George to be successful, and there\u2019s plenty to go around if we are.\u201d<\/p>\n<p>He also tempered expectations, noting that smart businesspeople have tried and chosen to close in winter before. \u201cWe\u2019re putting ourselves out there and taking a risk, and we\u2019re going to do everything we can to make it successful,\u201d Mondella said. \u201cBut we\u2019re not guaranteed to be successful with this either.\u201d<\/p>\n<p>The Village Mall is on Canada Street in the village of Lake George, with lake-facing access on the lower level. The Lagoon can be reached at lagoonlakegeorge.com and is active on Instagram and Facebook.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Carol Ann Conover The partners behind one of Lake George Village\u2019s most recognizable waterfront restaurants have added a new chapter to their story, acquiring the Village Mall \u2014 the 50-year-old retail complex on Canada Street where their business was born. Joe Mondella, Mark French and John Grillo, equal partners in GNSD Enterprises LLC, recently [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":38930,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-38929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Lagoon Restaurant Partners Purchase Village Mall Property In Lake George - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2026\/03\/lagoon-restaurant-partners-purchase-village-mall-property-in-lake-george\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Lagoon Restaurant Partners Purchase Village Mall Property In Lake George - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Carol Ann Conover The partners behind one of Lake George Village\u2019s most recognizable waterfront restaurants have added a new chapter to their story, acquiring the Village Mall \u2014 the 50-year-old retail complex on Canada Street where their business was born. 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