By Cari Scriberner
For The Saratogian
Malta - Work on Eastline Crossing, a cluster of
new commercial buildings, is under way at the busy intersection of
Route 67 and East Line Road in Malta.
Hal Schultz, president of HR Schultz Real Estate
Development and of a construction company bearing his name, starting
buying property at the location decades ago. He now owns more
than 40 acres.
"When I started buying land in 1979, this
area was basically empty, but that's all changed now, "Schultz
said Thursday. "Today, more than 15,000 cars pass by the site
each day, and there is a population of 51,000 households with in a
15-mile radius. The traffic has more then doubled and so has
the population."
Schultz said he has had continuous inquiries over
the years from people wanting to locate businesses in and around the
site. His concept plan calls for a clock tower and up to
75,000 square feet of retail, office or professional space.
Schultz said he is talking to prospective tenants including a
pharmacy, bank, daycare center, video rental, dry cleaner, medical
office, fitness center, gift store and convenience store. In
addition regional headquarters could be located there.
Eastline Crossing is park of Ballston Commercial
Park, a planned unit development offering light industrial,
warehousing and large office space in another area of the
site. Schultz already has tenants in three buildings,
including Snap-On Tools, Kelly Doors, Halstead Communications and
Advanced Comfort Systems.
"The companies here now employ 150 people,
and there is so much potential for more jobs to come, " Schultz
said. "That's part of the beauty of this
project."
Schultz has received site approval for some of the
buildings and is meeting with the Malta Town Board on the remaining
construction. He said one of his driving goals is to create a
spot without any of the aesthetic drawbacks of a strip
mall.
"The buildings already occupied are
surrounded by green space and ponds, and they have cobblestone
walls," Schultz said. "This won't be something that
looks thrown together."
Schultz hopes to complete the project in less than
five years.
"I see this moving quickly, but it will
be market-driven, because I won't be building on speculation,"
Schultz said.