The skyline of Saratoga Springs is about to grow with the construction of a new condominium complex.

The proposed complex, Pavilion Grand, will be located at 30 Lake Avenue on what is now a parking lot next to Parting Glass Restaurant. It will feature eight penthouse suites each with three floors and rooftop terraces. The suites range from $1.7 million to $2.4 million.

“These suites will be really different from anything else in Saratoga Springs. No one else offers tri-level and outdoor living,” Vicki Castillo, of Coldwell Banker Commercial Prime Properties said. Coldwell Banker is selling the properties.

Not only will Pavilion Grand offer luxury living, the first and second floors will house retail and office space, though no decisions have been made as to what businesses will move in.

“We are waiting on approvals from the city before any final decisions are made,” Castillo said.

Living complexes will take up the third through fifth floors, with bedrooms on the third floor, living spaces including a living room, dining room and kitchen on the fourth floor and a penthouse suite with a bar and terrace on the top floor. The terrace will feature a perennial flower garden and Arborvitae shrubs.

“It’s true that we are building houses in the sky,” Castillo said. “It’s not unusual to have the outdoors on top.”

The smallest unit is 3,525 square feet interior space and 1,568 exterior space. The largest suite is 4,592 square feet. Each suite will feature his and her bathrooms, heated Radiant floors, Brazilian cherry hardwood floors, elegant spiral staircases and a private elevator.

Prospective buyers are targeted as second home owners, people traveling to Saratoga Springs for racing season or residents of New York City who want a luxury getaway in upstate New York, Castillo said.

“I am a former jockey and horse trainer, so I’ve heard many people say this is a place they would want to have a second home,” she added.

Because Coldwell Banker is still awaiting code approvals from the  State Attorney General’s office,  there is no proposed start or finish date for the complex.

According to Castillo, there is a reason behind the recent growth of Saratoga Springs and the building of multiple condominium complexes.

“People want to invest in Saratoga Springs. While the economy throughout the nation is soft and unpredictable, things are stable here in Saratoga,” she said. “People who have built homes or bought condos in places like Florida are losing money. We are very fortunate to live in a great place like Saratoga and to have a stable economy in times like this.”