L-Kens was a good place to go during lunch breaks since there were not many places open during work hours, Walker said.
"It's kind of sad it closed up," she said. "It always did get good business. I don't know why it closed."
Burke said it shouldn't be a surprise that the building is being demolished, but Village Code Enforcement Officer Randy Rivera said he was shocked to hear the news through the newspapers.
"The project will have to come in front of the Planning Commission and get a project cost," he said. "They'll have to come up with final drawing of what they're planning to do."
Rivera said he is sure Burke will go through the proper procedures such as providing an asbestos report and seeking a building permit.
Burke, a resident of Delmar, said he enjoys doing business in Colonie.
"Colonie is a great place to do business. It's centrally located in the Capital District and has all the residential properties and all the commercial properties you would ever want," he said. "Colonie is on everybody's short list."
In regards to the famous L-Kens sign, he said he isn't sure what he's going to do with it.
"I haven't made a final decision on the sign," he said, "I guess if someone had an interest in it I would consider it. Maybe it stays. I wouldn't want to speculate on the unknown.""