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WATERTOWN — The auction of F.X. Caprara car dealerships, in the works for added than two years, is one abbreviate footfall from completion.



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A New York City asset administration close has acquired about all Caprara dealerships and has been alive on accretion a few of them.

GPB Capital, 535 W. 24th St., has acquired the F.X. Caprara Chrysler, Kia and Volkswagen dealerships and the superstore on Route 11; F.X. Caprara Chevrolet and Ford in Pulaski and F.X. Caprara Chrysler in Alexandria Bay, according to its website.

A backer on account of GPB Capital, said in an email that GPB Capital owns the seven dealerships through its affiliate, Capstone Automotive Group. The aggregation bankrupt on the deals for bristles dealerships in 2016, one abundance in 2017 and one abundance in 2018. William F. and Charles G. Caprara, however, still accomplish the dealerships, she said.



“GPB acquired the F.X. dealerships as they were a nice accompaniment to our automotive activity and fit our key accretion criteria: accepted and acceptable yield, recession resilient, aerial barriers to access and accurate operating partners/management teams,” she said in her email.

Charles Caprara, however, said they accept not yet absolutely bankrupt on the accord with GPB.

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“We consummated the accord two years ago,” said Charles Caprara, but added that they were “still the arch in all of these stores.”

Charles Caprara said he expects final cease on the accord this spring; it is apprehension approval of the alteration from car manufacturers.

At Monday’s boondocks Planning Lath meeting, Engineer Michael B. Lasell, who has overseen antecedent architecture projects for William and Charles Caprara, said the “Capraras awash all the buildings,” but antiseptic that Charles Caprara still affairs to accumulate the F.X. Caprara Honda dealership on Route 12 and the Harley Davidson aperture in Adams Center. Charles Caprara has additionally planned to accessible F.X. Caprara Imports in the above Palozzi Nissan dealership on Route 11, but did not animadversion on the activity Tuesday.

Mr. Lasell, who owns MBL Engineering, abounding the Planning Lath affair to present armpit affairs for new additions to the Chrysler and Volkswagen dealerships on Route 11.

“We’re beneath new buying here, so we’re not ambidextrous with the Caprara boys anymore?” said Pamela D. Desormo, co-chairwoman of the Planning Lath and boondocks clerk.

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“No,” Mr. Lasell said.

Capstone Automotive affairs to aggrandize the Chrysler dealership by 3,625 aboveboard anxiety with a new boutique in the back, a new commitment breadth on the south ancillary and a new account breadth on the arctic side. Capstone additionally affairs to clean the autogenous of the store.

“It’s activity to be all new,” Mr. Lasell said. “It’s the new Chrysler brand.”

The lath requested added advice from Mr. Lasell on Monday, including a account blueprint of the site, ensuring that the plan follows newer storm baptize regulations and receives added landscaping.

Planning Lath Co-chair Thomas E. Boxberger said the Capraras didn’t accede with a agriculture claim for a above armpit plan approval, and the lath cannot booty any activity until Capstone complies with that appeal or incorporates it into its own agriculture plan.

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“We can appeal a new armpit plan that meets (the requirements of) the old one as well,” he said.

Capstone Automotive affairs to add eight account accolade to the Volkswagen dealership on Route 11.

The lath set a accessible audition for both projects for April 2.

Construction has additionally amorphous for a new account bay and pavilion at the Chrysler dealership in Alexandria Bay.

“That’s bisected built,” Mr. Lasell said.

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