Steve Thurston (2021)
333 Glen Associates is trying to sell this sliver of open space at the corner of Bay and Glen streets to the city of Glens Falls. The property owners owe at least $500,000 in taxes on this property which is attached to a parking garage, a surface lot and the Monument Square Tower. (See the story below.)
Hudson Headwaters expands on Carey Road
Hudson Headwaters Health Network paid $995,000 for a pre-fab metal building on 2.62 acres next to their Carey Road campus.
Warren County real estate records show Hudson Headwaters bought the property from MG 33, LLC on Dec. 28. The pre-fab building was built by a construction company in the last two years.
The property is assessed for $153,100, according to Town of Queensbury records. It’s unclear whether that assessment was done before or after the building was constructed.
Hudson Headwaters spokesperson Jessica Rubin said “The plan for that building is administrative/office space.”
Bob Sears of Berkshire Hathaway Blake was listing agent.
The green space at Bay and Glen, and the Monument Square tax issues
The much-discussed triangle of Glens Falls green space at the Civil War monument across from Crandall Library remains in limbo. After developer Chris Patten’s plans for a multi-use building met with opposition, the City announced it had a deal to buy the land and keep it a park. But that sale has been delayed. Lexie Delurey, director of Real Property Tax Services for Warren County, said in order for the property to be subdivided, all taxes have to be current. There are outstanding taxes on the building (333 Glen) and the parking garage. She wasn't sure of the exact amount, but said the back taxes are more than $500,000. Until that is paid, the owners can't subdivide out that lot.
Kevin Lynn with 333 Glen said in an interview yesterday that the county used to allow the property to be subdivided for tax purposes between the Monument Tower building on one parcel and the parking garage and green space on the other. This would have allowed his company to pay the taxes on the green space, sell to the city and use that money to pay taxes on the other parcel.
[For more on the 333 Glen St. story, read here.]
Lake George Village: Quirks take over 77 Canada St., sell King Neptune's
In Lake George Village, real estate investor Peter Shabat sold 77 Canada Street, most recently the home of the Adirondack Pancake House, to Sean and Melissa Quirk’s Quirk Enterprises, LLC, for $450,000 on Dec. 28, 2021.
County documents show that Shabat is holding the mortgage on the building, which is across the street from Fort William Henry Hotel & Conference Center.
The Quirks have also just listed for sale their King Neptune’s Bar & Grill, the Lake George Village Mall and Lake George Boat Rentals in the village for $11.5-million. Included: 168 feet of lakefront and 30 boats and slips. Angela Cugini-Girard of Howard Hanna has the listing.
Contacted for comment, Sean Quirk said there has been a lot of interest in the property and business at King Neptune’s is at an all-time high.
“It’s a once-in-a-lifetime opportunity,” he said. “It’s been in my family for 30-40 years, and now it can go to another family.”
Asked about 77 Canada Street, Quirk said he and his wife Melissa are starting planning to start a new business there, but didn’t want to disclose details before he seeks village approvals.
Bolton Landing properties change hands
Two more huge sales in Bolton as the calendar flipped to 2022. A lakefront compound on Fish Point sold on Jan. 3, 2022 for $4.03-million, and a 4,500-square-foot home on the lake sold for $3.75-million on Dec. 29, 2021.
It’s been another huge year on Lake George. Year-end data is not yet available because of a recent MLS-system switchover, but preliminary numbers show average lakefront prices up more than 20% and property moving almost twice as fast as it did in 2020.