A rendering of Ayco's proposed new headquarters (photo provided)
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COLONIE – A 78-page study of the former Starlite Theater site, slated to be introduced to the Planning Board on Tuesday, April 10, found the plan to mitigate traffic is within the parameters set forth in the Boght Road-Columbia Street Generic Environmental Impact Statement.
To read the entire study click here.
The study determined the proposed 150,000-square-foot office building proposed by the Galesi Group as a new headquarters for Ayco, a financial management company under the Goldman Sachs umbrella and potential future development would generate 808 new vehicle trips during the morning peak hour and 802 during the afternoon peak hour.
“Although only 150,000 square feet of office space is currently proposed, we believe it is beneficial to evaluate the impacts of these possible future developments to insure the transportation improvements initially constructed can support future development in the immediate vicinity of the project,” according to the study completed by the engineering firm of Creighton Manning.
Phase 2, 3 and 4 include a second 150,000-square-foot office building, a 49,500-square-foot shopping center, a 3,000-square-foot fast food restaurant, a 7,000-square-foot sit-down restaurant, a 55-bed assisted living facility and 182 units of residential housing.
The proposal by the Galesi Group includes a connector road between Route 9 and Route 9R to alleviate traffic congestion at the intersection of Route 9, Route 9R, and the ramp leading to the Northway and Troy Schenectady Road. The connector road will bifurcate the site and will, on paper, be located across the Auto Park Drive on Route 9 and across the Johnson Road on 9R.
The developer asked for $5 million from the state to help build the road but it was not included in any of the 2017 round of funding.
Also, Creighton Manning, based on the hypothetical buildout of all phases for the approximately 58-acre site, recommends a re-alignment of Old Loudon Road to connect to the new connector road, make improvements to the existing roadways including left hand turn lanes and coordinate all traffic signals in the area to help traffic flow.
According to the study by Creighton Manning, Phase 1, the Ayco building which will house some 750 employees, will generate 387 new trips during the morning peak hour, 7:15 to 8:15 a.m., and 308 during the evening peak hour, 4:30 to 5:30 p.m.
Phase 2, the hypothetical office building that will house some 450 employees, will generate 232 trips in the morning peak hour and 184 in the evening peak hour.
According to the study, traffic for the hypothetical Phase 3 is as follows:
-Shopping center: 46 morning peak hour and 189 during the afternoon peak hour
-Fast food restaurant: 121 in the morning peak and 98 during the afternoon.
-Sit-down restaurant: 70 in the morning and 68 during the afternoon peak hour.
Phase 4, the 182 single family housing units would generate 134 in the morning and 181 in the afternoon peak hour.
The Boght Road-Columbia Street GEIS estimated 668 new trips in the afternoon peak hours for future development of the Starlite site based on 400,000 square feet of office space and 50,000 square feet of mixed use development. A worst case scenario, however, of 500,000 square foot of commercial development, would generate 1,870 new trips during the afternoon peak hour, according the GEIS.