24-04-2025
- Business
- Business Journals
Land near Crossgates on Western Avenue marked for pad sites
By submitting your information you are agreeing to our Privacy Policy and User Agreement .
Join the Albany Business Review to unlock even more insights!
Potential uses include quick-service restaurants, retail, medical or financial services tenants.
Story Highlights Three prime pad sites near Crossgates are marketed for lease.
Potential uses include restaurants, retail, medical, or financial services tenants.
A new Costco and cancer treatment center will be built nearby.
More land along the Western Avenue border of Crossgates could get redeveloped, though not on the scale of a soon-to-be-built Costco Wholesale or a regional cancer treatment center.
Three "prime pad sites" at 1617 Western Ave. are being marketed for lease just west of a former Sunoco gas station and Northeastern Fine Jewelers, near an entrance to the shopping center in Guilderland.
GET TO KNOW YOUR CITY
Find Local Events Near You
Connect with a community of local professionals.
Explore All Events
One development pad is at the corner of Crossgates Mall Road facing Western Avenue.
The other two pads face the access road around the shopping center.
The sizes for each pad site vary, totaling 4,000 square feet.
expand
The potential development site at 1617 Western Ave. near the entrance to Crossgates.
Mapcreator
The parcels are owned by an LLC controlled by Pyramid Management Group of Syracuse, the owner of Crossgates, the largest mall in the Albany region.
Potential uses include quick-service restaurants, retail, medical or financial services tenants, according to marketing materials from Trinity Realty Group.
The annual average daily traffic count is 38,200 vehicles, with easy access to Interstates 87 and 90.
Kevin Parisi of Trinity Realty Group and Matthew Lester of Caliber Commercial Brokerage in Rochester have the listing.
Parisi said he and Lester are working with a development group that has a contract to purchase the property. He said he couldn't disclose the name of the development group, but he anticipates there will be interest in the site.
"Right now obviously with everything going on over there and the current environment for pad sites, there's a big demand," he said. "Everybody is really excited about what's going on around there with the Costco breaking ground."
A 163,000-square-foot Costco Wholesale will be built further to the west near another entrance to Crossgates, the first one in the Albany region. The chain expects the store to open in summer 2026.
A 105,000-square-foot regional cancer treatment center owned by New York Oncology Hematology will be built next door.
