Edgemere Development, Inc.
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Under Construction Projects

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Project Name: Stoneridge
Location: Scattered Sites, Herkimer NY
Building: Occupied Rehab and Preservation of Herkimer Housing Authority’s Creekside & Midtown Apartments + Nathan Castle Apartments
Units/Bedrooms: 129 units: 95 one-bedroom, 22 three-bedroom; 4 four-bedroom
Amenities: Common laundry, community room, on-site tenant & visitor parking
Total Project Costs: $30 Million
Anticipated Funding Sources:  NYS Tax Exempt Bonds with 4% as-of-right tax credits, NYSHFA Subsidies, HHA Capital Lease Financing, Investor Equity, Assumed Debt
Target Population: Workforce
​Client: Herkimer Housing Authority
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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
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
    • Pre Development
    • Under Construction
    • Completed Projects
  • About
    • Meet the Team
    • Our History
    • Green Design
  • Awards
  • News
  • Contact