With Global Foundries there's already one massive construction project underway in Saratoga County. As Matt Hunter reports, if a proposal in Moreau goes through, there could be a second.

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MOREAU, N.Y. -– Almost walking distance to Moreau State Park, much of the land around Route 9 off Exit 17 is about as wide open as you'll find in Saratoga County; a fact that could drastically change if a group of central New York developers get their way.

"It's a big project but I think it's the right size and scale for the location,” said David Osher, director of development for The Buck Group. “Based on what we've seen in the market it makes a lot of sense."

Gradually over the next five years, the Utica based Buck Group is proposing to build a 123-acre, $120-200 million "village style" development project off Route 9 near the intersection of Reynolds Road.

Starting with roughly 300 luxury apartments, the project would eventually include two office buildings, a medical center, hotel and 85,000 square foot sporting goods store.

"This is kind of the new concept in development in general, it's a village concept,” Moreau Town Supervisor Preston Jenkins said. “You can live there and shop there but you also have destination things."

Buck Group representatives say they chose the region due to its proximity to the Adirondacks and Luther Forrest complex. They formally presented the proposal to the Moreau Town Board at a meeting Wednesday night.

According to Jenkins, the land is currently split up between three different ownership groups. He says all have signed letters of intent, agreeing to sell their parcels if the project is approved.

"We see it as a real improvement in commercial property and that's going to be important for us," Jenkins said.

Developers say while several have shown interest, no retailers have commit to the project yet and that they'd move forward without them on the residential portion.

Early estimates by some put the potential job growth at over 1,000; however, town officials say the plan to examine it thoroughly before bringing it to a vote.

"I know so far the board likes what we've heard but we all want to find out for sure if it's real and if it can happen,” Jenkins said. “If it can happen, I believe it will."