by MarkJ » Wed 01 Apr 2009, 14:22:09
$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('MarkJ', 'E')ven in the best of times, we've still had dozens of job applicants and a few overqualified job applicants competing for relatively modest paying office and warehouse jobs. The chance of job applicants with the above mentioned qualification challenges finding good paying, steady, long-term jobs with benefits is slim.
The chances you will be developing much Real Estate in the next few years is slimmer still.
Reverse Engineer
The employees I'm speaking of are employees of our family distribution business, not construction employees.
We primarily work in the commercial construction sector which has always been busy due to commercial & industrial growth in the region.
I'll make more money developing, subdividing and selling acreage and building lots than buy building spec homes as they bring municipal water, municipal sewer, gas lines, power and roads to my land.
My personal focus on custom high end residential and waterfront spec homes is small in comparison to the large scale condo, apartment and housing projects in much of the region.
$this->bbcode_second_pass_quote('', '[')b]Luther Forest Technology Campus
California-based Advanced Micro Devices has until mid-2009 to accept state financial incentives and formally commit to building a computer chip plant at Luther Forest Technology Campus in Malta. In October, the company announced that a spin-off company created in partnership with a Dubai firm would be the owner and operator of the
$4.6 billion semiconductor manufacturing plant.
The plant, which could open in 2011, is expected to employ at least 1,400 people and could spur a major boom in resulting support businesses throughout the area.
Major infrastructure work moved forward this year, including construction of a Round Lake bypass, installation of a Saratoga County water line that will bring water to the tech park from a treatment plant on the Hudson River in Moreau, and construction of roadways within the site.
AMD also reached an agreement with the town of Malta to donate $3 million to a trust fund to be used to fund quality of life projects benefiting the townspeople. An additional million will be donated to the town of Stillwater and $1 million will be dedicated to the construction of ballfields on 34 acres of property within the site owned by the town of Malta.
Condo CityIn addition to Health, History and Horses, Saratoga Springs is quickly becoming known as “Condo City.” Three major condominium projects — Park Place on Broadway at Congress Park, 38 High Rock adjacent to the Hampton Inn and 54 Phila Street — are now under construction, with more on the drawing boards: Grand Pavilion on Lake Avenue, adjacent to the Parting Glass restaurant, Parkside Manor at the corner of Henry and Spring streets, 58 Washington St., and Pointe West at the corner of Church Street and West Avenue.
Some units are selling for more than $1.5 million each.
Also this year, a new downtown hotel opened, the Hampton Inn & Suites at the corner of Lake and High Rock avenues.
Large-scale, multi-unit residential construction continued outside the city, too, with the development of The Paddocks of Saratoga and Saratoga Heritage Apartments, both in Wilton.