Malta Development Blog

Spotlight on the Local Economy

[fa icon="calendar"] Sep 3, 2014 8:19:28 AM / by Malta Development

At Malta Development, we understand how important the local economy is to our homeowners and renters. Therefore, we’ll occasionally shine a spotlight on nearby businesses that have been featured in the news lately.

In this issue we focus on news items about beverage distributor Saratoga Eagle, Milton’s Hannaford Supermarkets, Adirondack Brewery, Albany International Airport, and Saratoga Springs software developer Workorder.es.

--------------------

Beverage distributer Saratoga Eagle recently acquired a fourth company -- the fourth in the last eight years, according to Jeff Vukelic, President and COO. Based in Saratoga Springs, Saratoga Eagle has doubled in size since 2006, and now employs 200 in the Duplainville Road 150,000 square foot facility. Saratoga Eagle is a subsidiary of western NY Try-It Distributing, established in 1933 by the current President’s father, Stephen Vukelic.

Their acquisition of Bartyzel, Inc. increased the firm’s reach to 12 counties in NY and extended their brand offerings. They distribute wine, spirits, beer, energy drinks, water, and soda. In the summer of 2013, Saratoga Eagle distributed a half-million cases each month. Annually they deliver 5 million cases to their 2,500 customers.

--------------------

The Saratogian reported that Hannaford Supermarkets is planning an 8,000 square foot expansion of their Trieble Avenue store in Wilton. This will bring the total footprint of the store to 36,400 square feet. The project should begin construction in early 2015.

They plan to add 8,000 new products, including natural and organic items, a pharmacy drive-through, a private pharmacy consultation room, and more parking.

Hannaford Supermarkets began in 1883 as a simple fruit and vegetable cart on the waterfront in Portland, Maine. Now, Hannaford serves customers throughout Northern New England and New York. There are 51 stores in New York alone, including 18 within a 20-mile radius of Albany.

----------------------

The Adirondack Brewery has purchased four acres adjacent to its Canada Street location in Lake George for $1.2 million, as reported in bizjournals.com. The company plans to triple its beer output with a total investment of $5 million. The expansion will be completed in 2019 and at that time it will have a capacity of 35,000 barrels of beer annually. That's 1.085 million gallons a year. Included in the expansion plans is an on-site distillery focusing on whiskeys and ryes, a tasting room, and event space.

----------------------

Bizjournals.com reports that the Albany International Airport will begin JetBlue service late next year. JetBlue already serves Buffalo, Rochester and Syracuse. The Albany market will be JetBlue's eighth location in NY State.

Albany International Airport is the major air center for the Capital Region, Northeastern New York and Western New England. A $158 million project added a new 230,000 square foot terminal, a parking garage, a state-of-the-art Air Traffic Control Tower, and a new cargo facility to the 1,200-acre location.

----------------------

A Saratoga Springs landlord, Chris Thompson, recently started up a new company, WorkOrder.es, a ticketing platform for a building maintenance tracking system. Described on bizjournals.com, the program facilitates communication between tenants and landlords regarding building maintenance needs. Mr. Thompson originally designed the system to help him manage his three apartment buildings in Saratoga Springs.

His new software has intrigued customers in Albany, New York City and California, and has even seen interest come from international real estate managers.

Malt_Foundational-Campaign_blog-banner.png

Topics: Uncategorized

Malta Development

Written by Malta Development

Subscribe to Email Updates

Posts by Topic

see all