Edgemere Development, LLC
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Under Construction Projects

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​Project Name: Owego Gardens II
Location: 140 Owego NY
Building:  New Construction – Townhomes & Multifamily
Units/Bedrooms: 93 units: 50 one-bedroom, 35 two-bedroom and 8 three-bedroom
Special Needs/Support Services: Adults with Physical Disabilities
Amenities:  Common Laundry, Community Space, rental office, patios and balconies, elevators, dishwashers, air conditioning, on-site tenant & visitor parking
Total Project Costs:  $25.7 Million
Anticipated Funding Sources:  NYS HFA Tax Exempt Bonds with 4% as-of-right tax credits, NYS HFA subsidies, NYSERDA, Investor Equity
Target Population:  Workforce
Client:  Home Leasing, LLC
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Project Name: Ida North
Location: Scattered Sites, Albany NY
Building:  Occupied Rehab and Preservation of Ida IV and North Albany Homes
Units/Bedrooms: 384 units: 140 studios, 92 one-bedroom, 72 two-bedroom, 64 three-bedroom, 16 four-bedroom
Amenities:  Common Laundry, Community Space, elevators, on-site tenant & visitor parking, on-site grocery store
Total Project Costs:  $105.03 Million
Anticipated Funding Sources:  NYS Tax Exempt Bonds with 4% as-of-right tax credits, NYS HFA Public Housing Preservation (PHP), NYS HFA New Construction Program (NCP), Assumed Debt, NYSERDA, Seller Loans, Investor Equity
​Target Population:  Workforce
Client:  Albany Housing Authority
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Project Name: Pueblo Nuevo II
Location: Scattered Site Northeast Rochester – El Camino Neighborhood
Building:  New Construction: 5 single family, 12 duplex, adaptive reuse of warehouse for community space
Units/Bedrooms: 25 two-bedroom units
Special Needs/Support Services: 5 units set aside for Adults who are homeless/at risk of homelessness
Amenities:  Air conditioning, washer/dryer hook ups, off street parking, community room and green space
Total Project Costs:  $12.6 Million
Funding Sources:  NYS HCR 9% LIHTC, SLIHC, NYS Housing Trust Fund, NYS HCR Community Investment Funds (CIF), NYSERDA, Investor Equity
​Target Population:  Workforce
Client:  Ibero-American Development Corporation
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Project Name: East Lake Commons
Location: 18 E. Cayuga St., Oswego, NY
Building:  New Construction – Mixed Use
Units/Bedrooms: 70 Mixed-Income units: 46 one-bedroom & 24 two-bedrooms
Amenities:  Common Laundry, Community Space, air-conditioning, elevators, dishwashers, rental office, tenant storage, on-site tenant & visitor parking, Commercial Space
Total Project Costs:  $25.2 Million
Funding Sources:  NYS Tax Exempt Bonds with 4% as-of-right tax credits, NYS HFA Subsidies (NCP, CIF, HWF), NYS ESD, NYS DRI, NYSERDA, Investor Equity
​Target Population:  Workforce, physically disabled
Client:  Home Leasing, LLC
Edgemere Development, Inc.
277 Alexander Street, Suite 400

Rochester, NY 14607

Phone: (585) 325-1450
Fax: (585) 325-1477

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  • Home
  • Services
  • Projects
    • Completed Projects
    • Under Construction
    • Pre Development
  • About
    • Meet the Team
    • Our History
    • Green Design
  • Awards
  • News
  • Contact