COLONIE, N.Y. – CAP COM FCU on Tuesday night received final approval to build a new three-story, 118,400-square-foot office here.

The city planning board approved the $1-billion credit union’s site plan for the new headquarters, a mile away from its current offices.

CAP COM says it needs a new headquarters to consolidate its administrative staff and accommodate growth.

CAP COM initially wanted to build on land owned by a local car dealer in nearby Latham, but that deal was called off a year ago.

 

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