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 I
Location: Scattered Site Northeast Rochester – El Camino Neighborhood
Building:  New Construction, adaptive reuse, community green space
Units/Bedrooms: 75 units: 59 one-bedroom, 2 two-bedroom, 14 three-bedroom
Special Needs/Support Services:
19 units set aside for Adults with Intellectual/Developmental Disabilities

Amenities:  
Multifamily Buildings - Common Laundry, Community Space, rental office, elevators, air conditioning, on-site tenant & visitor parking; Triplexes – washer/dryer hook ups, air conditioning, off street parking

Total Project Costs: $24.6 Million
Funding Sources:  
NYS HFA Tax Exempt Bonds & 4% as-of-right tax credits, NYSHFA SHOP, OPWDD ISH Capital & Rental Subsidies, FHLB NY, City of Rochester HOME, NYSERDA, Investor Equity

​Target Population:  
Workforce Individuals and Families

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
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Project Name: NHA Headstart
Location: Herkimer NY
Building:  New Construction
Building Use: Head Start Educational Building
Total Project Costs:
$2 Million

Funding Sources:  NYS Community Investment Funds (CIF), The Community Foundation Grant Funds, ESD Grant, Sponsor Loan
​Client: 
Herkimer Housing Authority

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Project Name: Eastern Gardens
Location: 229 Harter Street, Herkimer NY
Building:  Occupied Rehab and Preservation of existing Eastern Gardens Apartments & New Construction of one (1) Building
Units/Bedrooms: 63 units: 14 one-bedroom & 49 two-bedroom
Special Needs/Support Services:
7 units set aside for Adults who are homeless/at risk of homelessness; 3 units set aside for Adults with Physical Disabilities

Amenities:  
Common Laundry, Community Space, two playgrounds, tenant & visitor parking, air conditioning (new build), elevator building (new build)

Total Project Costs:
  $19.74 Million

Funding Sources:  
NYS HCR 9% LIHTC, NYS Housing Trust Fund, NYS HCR Subsidy, NYSERDA, Capital Lease Financing, Investor Equity

​Target Population: 
Individuals and Small Families

Client:  Herkimer Housing Authority
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Project Name: St Bernard's Park
Location: 2260-2300 Lake Avenue, Rochester NY
Building:  Occupied Rehab and Preservation of existing St. Bernard’s Park
Units/Bedrooms: 160 units: 14 studios, 102 one-bedroom & 26 two-bedroom
Amenities:  
Common Laundry, Community Spaces, Commercial space, air-conditioning, tenant storage, elevators, on-site tenant & visitor parking

Total Project Costs:  $27.98 Million
Funding Sources:  NYS HFA Tax-Exempt Bonds with 4% as-of-right tax credits, NYS HFA Subsidy, NYSERDA Solar Incentives, City of Rochester HOME, Investor Equity
​Target Population:  
Seniors 55+ 

Client:  CB-Emmanuel Realty, LLC
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Project Name: Link at Sunset
Location:  2507-2513 Sunset Avenue, Utica NY
Building:  New Construction – Mixed Use
Units/Bedrooms:
  60 units: 50 one-bedroom & 10 two-bedroom

Special Needs/Support Services:
12 units set aside for Adults with Intellectual/Developmental Disabilities

Amenities:  
Common Laundry, Community Space, Elevator, air-conditioning, On-site tenant & visitor parking, and program space occupied by the Kelberman Center.

Total Project Costs:  $19.8 Million
Funding Sources:  NYS HCR 9%LIHTC, NYS Housing Trust Fund, NYS Community Investment Funds (CIF), OPWDD Capital & Rental Subsidy, City of Utica HOME, Investor Equity
Target Population:
Workforce Individuals and Small Families\
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Client:  Kelberman Center, Inc.
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