This 42.7+/- acre landmark equestrian property includes the historic Whitney Polo Field – one of the four oldest polo fields in the United States. Approved mixed-use PUD allows for up to 284,000 sf, and may include 90 +/- residences, boutique hotel, spa, restaurant (s) and banquet facility. All engineering in final stages. Previously appraised at over $6,700,000 the auction also includes an existing event business that includes the polo attraction as well as hosting weddings and corporate events, an established equestrian polo attraction & brand, with club house and facility. Property is located within five (5) minutes to all major Saratoga Springs attractions that generate millions of visitors annually.
Downtown Saratoga Springs - 1.6 Miles | Saratoga Race Course 3.4 Miles | Saratoga Casino and Raceway – 3.6 Miles | Albany International Airport - 29 Miles South | New York City - 185 Miles South | Montreal CA - 189 Miles North
Saratoga Springs is an equidistant drive of just about three hours from New York and Boston. Saratoga is the perfect day or weekend trip for residents of those major metropolitan areas as well as Montreal and the cities of Western and Central New York such as Albany, Syracuse Rochester, and Buffalo.
Saratoga Springs, the historic Victorian city in Upstate New York, has been attracting visitors since the 1700's. Renowned as a health resort and dubbed, the 'Queen of Spas'. With more than 1,000 buildings on the National Register of Historic Places, Saratoga Springs was honored with the first American Heritage Magazine “Great American Place” award and the National Trust for Historic Places’ “Great American Main Street” award. Walking Magazine cited it as one of America’s “Most Walkable Cities.”
Thoroughbred racing has no finer setting than the Saratoga Race Course, which was opened over 150 years ago. Named one of the world’s greatest sporting venues by Sports Illustrated, the past comes alive in the historic grandstand every summer as fans experience not only the best in racing, but the unmatched ambience and charm of historic Saratoga Springs.
The oldest thoroughbred racetrack in the U.S. draws, on average, 30,000 daily racing fans and visitors during the seven week race season in July through Labor Day. Total paid attendance for the 2015 Saratoga meet was 1,065,625. Many will consider the signature moment of the meet the 2015 Travers when a paid, sold-out crowd of 50,000 fans gathered to watch the first Triple Crown champion compete at Saratoga Race Course in 37 years.
This landmark property has Planned Unit Development (PUD) entitlements in place that enable development of an amenity-rich residential community with the club's historic Whitney Polo Field as its centerpiece... in one of the most desirable markets in the Northeast United States. Over $1 million was invested in legal, engineering and site planning.
Currently approved site plan.
The Planned Unit Development (PUD) zoning status provides for broad zoning and a variety of allowable uses on the property including residential, and commercial. Approved commercial uses include hospitality (i.e. a boutique hotel or inn), amenities (i.e. pool and spa) , catering and dining options and the maintenance of the polo operations and special events as the community theme.
Great care was taken in the entitlements process to allow for maximum flexibility and the ability to optimize profits. The three main components contained in the PUD are as follows:
The plan was envisioned as a creative and viable means of preserving an important community asset: the historic Whitney Polo Field established in 1898 and operated continuously until the late 1930s. This field is one of the four oldest polo fields within the United States.
The development can include high-end private multi-unit residences. The community will share common space, with an array of services and recreational amenities, including enjoyment of the seasonal polo matches. Conceptually, the intent for the design of the facilities was to create a relaxing retreat and atmosphere consistent with the Saratoga lifestyle.
The following are permitted uses within the Planned Unit Development.
The Saratoga Polo Retreat is envisioned to be an amenity-rich residential lifestyle community surrounded by the historic Whitney Field and the sport of polo - located just minutes from all the excitement that Saratoga Springs has to offer. Plans for the Saratoga Polo Retreat also include event space for wedding, social and corporate events, guest lodging, a spa, fitness facility and pool(s).... all within an equidistant three to four hour drive from New York City, Boston, Montreal and Western New York.
Proposed renderings include a lodge, a grand event hall and residential homes.
Saratoga Polo Retreat Lodge and Event Hall
Grand Event Hall
Proposed layouts include luxurious one bedroom, two bedroom and three bedroom floor plans.
Executive Retreat 1,023 Sq. Ft. One Bedroom
Sportsman Retreat 1,477 Sq. Ft. Two Bedroom
Estate Residence 2,450 Sq. Ft. Three Bedroom
Earnest Money Deposit
March 2, 2020 at 9AM EST
March 10, 2020 at 3PM EST
Online Sealed Bid
CEO, Principal Broker RealEstateAucton.com
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