MALTA – The multi-family and single-family sections of Park Place in Malta are planned to be the site of a new development, Grande Ville at Park Place, a 508- apartment facility that fronts Saratoga Village Boulevard.
The development project is near the GlobalFoundries computer chip plant which has plans to add 1,000 employees by the end of this year, in addition to its current workforce of 2,200 employees.
The apartment layout will include three-story units and townhouse-style apartments with garages. Monthly rent is planned to start at a rate of $1,100 per month.
The developers Morgan Management and LeCesse Development Corp. formed a joint-venture that later purchased the Northwest section of the Park Place development in June, 2013.
Renderings and drawings were presented at the Malta planning board meeting in October 22, 2013, and approval for the Concept Project Plan application was approved December 30, 2013. Later this month, the developers are expected to submit a final project plan.
LeCesse Development Corp.’s headquarters are located near Orlando, Flor. with offices in Rochester, NY. Morgan Management LLC has offices in both Rochester and Saratoga Springs.