FOR IMMEDIATE RELEASE
Contact:
Heather Schechter, Director of Marketing
Sunrise Management & Consulting
hschechter@sunrisemc.com
(518) 782-0200 ext. 103
Town of Guilderland to Award Mill Hollow Apartments
“Town of Guilderland Best Overall Project 2017” at Guilderland Chamber Dinner
— The Former Bavarian Chalet in Guilderland is Converted into an Oversized Clubhouse
For New Luxury Apartment Community –
Albany, NY (June 7, 2017) – On June 8, Mill Hollow Apartments will receive the “Town of Guilderland Best Overall Project 2017” award at the Guilderland Chamber of Commerce Annual Dinner at the Appel Inn. Mill Hollow Apartments is a luxury apartment community in Altamont, NY, with sixteen occupied apartments, an oversized resident clubhouse that is an adaptive reuse of the former Bavarian Chalet restaurant, and additional apartments to be ready for occupancy in the coming weeks. The apartment community will include 84 two-bedroom apartments when complete and is a partnership between local developer James Verseput of Hyperion Realty Advisors and Steve and Rick Buck of Buck Construction based in Whitesboro, NY. Sunrise Management & Consulting manages the property.
“The Guilderland Chamber of Commerce is proud to honor Mill Hollow Apartments with this year’s ‘Town of Guilderland Best Overall Project 2017’ award,” said Lowell Knapp, Chairperson of the Guilderland Chamber of Commerce. “This annual award is selected from nominations from the community and Chamber members based on several factors including: design distinction, quality of construction, and overall contribution to our community. We appreciate Mill Hollow Apartments’ investment in our community and the repurposing of this property to serve Guilderland for years to come.”
The Mill Hollow Apartments development team is honored to be recognized by the town. Said James Verseput, “we are grateful for the positive reception of this project in the community and the support of the Town of Guilderland. From the beginning, we knew this project had promise because of how beautiful the site is, with its location at the foothills of the Helderbergs. For those who enjoy the outdoors, it offers access to natural parks like Thacher, Tawasentha, and Bozen Kill Preserve. Guilderland is a great place to live and work, with a top-notch school district and a mix of offices and retail that provide opportunities for employment, entertainment, and great shopping. Few projects like this exist in the town.”
Mill Hollow’s development team could see the potential in the site and layout of the former Bavarian Chalet, although the building was in disrepair. “When we first saw the former restaurant, it was a mess,” explains James Verseput. “The building had been vandalized, and the shrubs were overgrown. We knew that there was a rich history in the building with many Capital Region residents having fond memories of weddings and special events in that space. One of the reasons that the Bavarian Chalet was so successful was the beautiful view of the scenic pond and Helderberg Escarpment. Buck Construction has extensive experience with adaptive reuse construction projects including Harmony Mills in Cohoes. When Steve Buck saw the former Chalet, he realized that by reconfiguring the building, getting rid of the second floor, and changing the placement of rooms, we could open up the space to create a 7,200-square foot clubhouse for our apartment community. The clubhouse is three to four times the size of an average apartment community’s clubhouse. The indoor shared space gives residents a way to remain active and enjoy the beautiful views year round.”
The clubhouse at Mill Hollow Apartments offers residents plenty to do any time of year and is designed with fit and finishes in harmony with nature, including granite countertops, ceramic tile, and earth-toned walls. The interior of the clubhouse offers a large community room with a two-story fireplace and windows that overlook the pond and Helderberg Escarpment. Included in the clubhouse space is a community kitchen designed to host cooking classes and community events; a state of the art movie theater; a fitness center with strength and cardio equipment; and an adjoining yoga room. A sunroom will allow residents to enjoy views of the sunsets regardless of the season and connects to an outdoor deck and pavilion. Directly outside the clubhouse is an in-ground pool with a community barbeque and recreation area. A walking path connects to the clubhouse deck and leads around the pond, community gardens, and fire pit.
The Mill Hollow Apartments development team planned the property for residents with an active lifestyle. “Mill Hollow Apartments offers residents the chance to have a healthy, active lifestyle any time of year,” said James Verseput. “I envision a community where a resident can wake up on a summer morning, take a walk along the trail and then garden in a plot of the 25’ x 50’ community garden, and visit the gym or yoga room as they desire. As the afternoon temperatures rise, a resident could go for a dip in the pool. In the evening, the clubhouse could become a social gathering spot where residents enjoy the view of the sunset with friends then watch a movie. Before heading home, residents could set back out for a walk around the pond and enjoy one of the community’s fire pits. In the winter, residents can stay fit using the exercise room and watch the snow fall on the mountains from the sun room.”
To manage this special community, James Verseput turned to Sunrise Management & Consulting for their local expertise in the rental market. “I’ve witnessed Sunrise’s property management work for the past fifteen years and watched the company grow and help its clients prosper,” said James Verseput. “When I interviewed the company to manage Mill Hollow Apartments, Sunrise showed the greatest understanding of the local rental market and what amenities, marketing, and leasing strategy we could use to achieve our goals of offering residents a luxury apartment community. The Sunrise team brought the right personnel to the table and was able to jump right in with management expertise.”
The apartments of Mill Hollow offer luxury with breathtaking views. Spacious two-bedroom homes are set against a vista of the Helderberg Escarpment with each apartment having a private balcony or patio to enjoy the outdoors. An open floor plan leads to a beautiful kitchen with granite countertops and a breakfast bar. Nine-foot ceilings and large windows and glass sliding doors lead to rooms filled with light. The master bedroom has a large walk-in closet and a bathroom with luxurious granite counters and a double sink. A second bedroom can also be used as an office or family room. Each apartment features a private laundry room, hardwood plank flooring, and a ceiling fan in the master bedroom.
For more information on Mill Hollow Apartments, please visit www.MillHollowApartments.com.
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About Hyperion Realty Advisors
Hyperion Realty Advisors, based in Albany, NY, offers solutions for clients seeking financial or advisory services for real estate construction projects, refinancing existing stabilized assets, raising equity, and assembling partnerships. Some examples of services include sourcing the best rates in the market, maximizing proceeds at closing, construction advisory and finance, preparation for a sale or upcoming loan maturity, portfolio restructuring, 1031 exchange placement, short-term lending solutions, and full financing solutions for Green construction or retrofits. For more information on Hyperion Realty Advisors, please visit www.hyperionrealtyadvisors.com.
About Buck Construction
Buck Construction is a privately-owned construction firm based in Whitesboro, NY, specializing in conventional and adaptive reuse construction projects in and around the Capital Region. They are recognized for their commitment to building confidence throughout every step of the process from the initial planning to handing over the keys. Buck Construction, owned and operated by Steven Buck, was handed down by his father, Richard M. Buck with the mantra: anything worth doing at all is worth doing well. That is the tradition, steeped in craftsmanship and attention to detail that has been responsible for their total commitment to excellence and professionalism. For more information, please visit www.buckconstruction.net.
About Sunrise Management & Consulting
Sunrise Management & Consulting of Albany, NY provides development consulting, marketing, leasing and property management services for multifamily investors across the northeastern United States. The professionals at Sunrise Management & Consulting utilize innovative management and consulting programs to deliver consistent, dependable results that exceed industry performance standards. For more information, please visit www.sunrisemc.com.
