SARATOGA POLO AUCTION

Unique Investment Opportunity

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TO BE SOLD AT PUBLIC AUCTION

Saratoga Polo Whitney Field Property

2 Bloomfield Rd • Greenfield Center • NY • 12833

Auction Starts In:

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Starting Bid

$ 4,300,000

$25,000 Participation Deposit


Saratoga Polo Panorama

The Offering

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.  


Saratoga Polo Whitney Field – Proximity to Major Attractions

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 Polo Auction Map

The Saratoga Springs Destination

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.


Planned Unit Development (PUD)

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.

Saratoga Polo Auction Site Rendering

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:

  • Allows for 284,000 total buildable square feet above grade
  • Mixed use - residential and/or commercial
  • Open space with 80/20% permeable to impermeable surfaces
  • Maximum height of 37 feet  

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.

  • Associated Lodging – use of residences that can be rented for temporary lodging for events associated with polo activities, banquet hall, and lodge usage.
  • Banquet Hall – eloquent facility designed to host receptions, dinners, and other social or corporate events.
  • Catering Facilities – commercial kitchen and related facilities designed to meet catering needs of on and off-site events.
  • Clubhouse – recreational facility which will house a bar, a pub-style restaurant, commercial kitchen, and retail shop.
  • Food Concessions – sale of food for outdoor consumption during polo and other events.
  • Residences - deeded ownership of residential units including the opportunity for whole or fractional ownership.
  • Lodge (retreat and conference center) – building to be used for commercial, residential, spa, recreational and fitness purposes.
  • Recreational and Commercial Uses - uses of enclosed and open space areas include arts and crafts, antique auto shows, festivals, weddings, and concerts.
  • Spa - an establishment providing personal fitness and restorative services including massages, manicures, pedicures, and facials.
  • Team Rooms - facilities for polo players.

Saratoga Polo Retreat

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.

Saratoga Polo Retreat

Saratoga Polo Retreat Renderings

Proposed renderings include a lodge, a grand event hall and residential homes.

lodge and event hall

Saratoga Polo Retreat Lodge and Event Hall

Grand Event Hall

Lodge

Residence


Saratoga Polo Retreat Floor Plans

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 

Saratoga Polo Photo Galley and 360 Virtual Tour


Saratoga Polo Logo


SARATOGA POLO 360 VIRTUAL TOUR

Click image to View 360 Virtual Tour


Auction Information Highlights

Status

Active

Auction Type

Reserve

Starting Bid

$ 4,300,000

Buyer's Premium

$50,000

Participation Deposit

$25,000

Earnest Money Deposit

$200,000

Bidding Starts

March 2, 2020 at 9AM EST

Bidding Ends

March 4, 2020 at 3PM EST

Closing Period

30 Days

Financing Terms

None

Auction Location

Online Sealed Bid

Pre-Auction Offers

Encourged


Exclusive Listing Broker Contact Information

Giacomo Sinisgalli, CREA

CEO, Principal Broker RealEstateAucton.com 

Please click the button below to request the full offering memorandum, terms and conditions of auction, bidder registration and bidding procedures, or to set up a private inspection. Thank you.