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About Us
Since 2000, Edgemere has developed 58 projects, 100,000 sq. ft. of
Commercial Space, and $1 Billion in Public and Private Investment.

Edgemere works with a variety of clients and partners, building strong relationships with local, state, and federal agencies that have been instrumental. ​Much of the firm’s success is due to key business partners:

The Law Firm of Cannon Heyman & Weiss, LLP

Accountants Flaherty Salmin CPAs
 

Key financial partners include JP Morgan Chase, M&T Bank, KeyBank, Citizens Bank, Five-Star Bank,

Community Preservation Corporation, Greater Rochester Housing Partnership, as well as syndicators/investors Enterprise, National Equity Fund, RBC, CREA, Boston Financial, Key Community Development Corporation,

Red Stone Equity Partners, Hudson, Wells Fargo, and others.

Edgemere is a member of several organizations focused on the Preservation, Rehabilitation, and creation of Affordable Housing, including New York State Association for Affordable Housing (NYSAFAH),
Supportive Housing Network of New York (SHNNY), and National Housing & Rehabilitation Association (NH&RA).

Meet the Team

John Oster, Founder

1950-2025

John Oster founded Edgemere Development in 2000. He was shortly joined by his long-term friend, colleague, and business partner, Stephanie Benson, and together they helped build Edgemere into the successful company it is today. John made significant contributions in the real estate and housing development industry across New Yorn State including directing various local government and non-profit agencies and serving as the Assistant Commissioner and Director of Operations for the New York State Division of Housing. John assisted in developing and implementing the Federal Low-Income Housing Tax Credit program and served as the state's principal on numerous publicly assisted housing projects.

John's work at Edgemere Development was notable. Under his leadership and creativity, Edgemere financed more than 3,000 family, senior, and special-needs housing units totaling over $600 million in project costs and earning the organization numerous awards and accolades.

Beyond his professional achievements, John was an active member of the community. He held various service positions with nonprofit organizations including the Urban League of Rochester. He established the Choroideremia Research Foundation, co-founded Housing Advantage, and founded the Carbon Forestry Trust. John was passionate about bringing people from all backgrounds together to solve problems.

John will be remembered for the impact he made within the housing community and beyond. His legacy continues to guide us, honoring the value and commitment he instilled through his work, advocacy, and passions.

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150 State Street 

4th Floor

Albany, NY 12207

Edgemere Development, Inc.

277 Alexander Street

Suite 400

Rochester, NY 14607

Phone: (585) 325-1450

Fax: (585) 325-1477

© 2025 by Edgemere Development Inc.

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