Byline: JAMES DENN Business writer
NEW SCOTLAND Real estate developer Robert Iovinella of SchenectadyWednesday announced plans to build a 170-unit residential subdivision on Hilton Road that would be worth more than $30 million at its planned completion within four years.
Iovinella is confident that the 183-acre subdivision will be a financial success. Demand for the houses, which will start at $180,000 with 2,000 square feet of space, will be strong, he said. In addition, the Hilton Road property, a former golf course, offers a good view of the Albany skyline and the Helderberg escarpment.
``We think it's a class area,'' he said. ``We think …
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