Oct. 15--Kmart is closing its store on Central Avenue in Colonie, but the site is poised for redevelopment as a CarMax auto retail center.
The store at 1860 Central Avenue is going out of business, but CarMax has applied to the village Planning Commission to remove both the Kmart building and a Burger King store.
Village Clerk Pat Hurley said the plan is for a 1,500-car supercenter.
"They are going to have to redevelop the entire site," she said.
The store will have one lot for taking in used cars, another for selling them and a third for auctions it holds every two to three weeks.
The company is due back for the town Planning Commission Tuesday for a vote on its plans.
The Kmart store a will close in mid-December because its least was not renewed, said store spokesman Howard Riefs.
"Store closures are part of a series of actions we're taking to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model," Riefs said in an emailed statement. "These actions will better enable us to focus our investments on serving our customers and members through integrated retail -- at the store, online and in the home."
The Colonie's store has 72 employees who will be able to apply for jobs at other Kmart and Sears stores.