Park Place Condominiums
Grandeur returned to Broadway with Park Place Condominiums as Bonacio Development continued transforming the skyline of Saratoga Springs. Nestled next to historic Congress Park and among Victorian-era buildings, Park Place Condominiums is a remarkable example of success during the Great Recession of 2008. Long before it was a condominium building, 262-268 Broadway was home to the city’s convention center and parking garage. After it burned down in 1965, a YMCA was built in 1970 but quickly outgrew its space. In 2006, the YMCA started plans for a new location and solicited bids for their Broadway building. Collaborating with a development partner, Bonacio Development offered the most competitive proposal and overall development plan and quickly began the process for redevelopment. Bonacio Construction built this 6-story, 215,000 SF mixed-use property with modern elegance in mind. It now holds 43 custom-designed luxury condominiums over first and second-floor commercial spaces with underground parking. As a nod to the former opulence in downtown Saratoga, in 2008 we won an auction for an original chandelier of the bygone Grand Union Hotel, a staple in the city’s history, which now graces one of Park Place Condominiums’ two Italianate lobbies.