Rumor has it that Cabela’s, a specialty retailer of outdoor apparel and equipment, and Costco, a membership-only warehouse club, could both be coming to the Capital Region! The Times Union has reported that land behind the newspaper’s plant along Exit 4 of I-87 is in the process of being sold to a Massachusetts-based developer who has plans to put up a 50-acre shopping center on the site, with Cabela’s and Costco as prospective tenants.
The next step in the process will be taken when the Colonie Zoning Board of Appeals discusses the developer’s proposal on May 21. If all goes as planned, construction could start as early as the end of this year and would likely take two to three years to complete. In addition to the two primary retailers, the shopping center would also house two restaurants and smaller retailers, which would result in the employment of 250-300 people in total.
Although this project could bring great benefits to the community, there is one major concern echoed by local residents and businesses alike: traffic. The shopping center entrance would be located off Maxwell Road behind the Colonie town library, and many people have pointed out that the two-lane suburban roads in this area are already overly crowded during peak times. In response to these concerns, The Times Union cited the town’s recognition that a formal traffic study still needs to be done.
Although there is still a long way to go in the development process and nothing has been confirmed, it’s a possibility that the Capital Region could become home to some big new retailers in the near future!