Investors Buy Land in Malta to Build 238 Apartments

ALBANY-The investors who developed the 312-unit Ellsworth Commons in Malta, New York, are under contract to purchase land near the computer chip plant of GlobalFoundries for more apartments.

By GlobeSt News Hub | October 15, 2012 at 01:01 AM

ALBANY-The investors who developed the 312-unit Ellsworth Commons in Malta, New York, are under contract to purchase land near the computer chip plant of GlobalFoundries for more apartments. Albany Partners LLC is planning to purchase nearly 41 acres of land in the Park Place at Malta development near Stonebreak Road and Route 9.

Albany Partners has plans to construct 238 rental units on 14 acres. Dominick Ranieri, Frank Tate and Victor Gush are Park Place at Malta's developers. For the full story, go to The Business Review .

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