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Developer Pursues Hotel & Office Project at One of Busiest Intersections in NY’s Cap Region

First Columbia LLC wants to build a six-story hotel and office building at the busy corner of Albany Shaker Road and Wolf Road in Colonie, NY.

First Columbia also proposed converting Afrim's Sports, an indoor sports complex on Albany Shaker Road, into an 85,000-square-foot store for a national retailer, but those plans may be on hold.Afrim Nezaj, owner of Afrim's Sports, said a deal to sell his property to First Columbia is contingent on him finding a new location for the business.

Afrim's Sports is located on eight acres at the corner of Albany Shaker Road and Wolf Road where First Columbia has a purchase option. The property is behind a small retail plaza at the corner with a Moe's and Starbucks.First Columbia Vice President Chris Bette recently told the town Planning Commission the firm wants to convert Afrim's Sports "to accommodate a national retailer that's looking to locate to the area." The 100,0000-square-foot building would be reduced to 85,000 square feet. "They do want presence from Wolf Road and if they can be seen from the Northway that would be important to them as well," Bette said, according to the minutes of the meeting.Bette told officials he couldn't disclose the retailer's name.He also said the plans include a six-story "select hotel" and "small retail component" along Albany Shaker Road.

Read the full story in the Business Review



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