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North Shore project in Canandaigua gets $3M in state funding

Rochester Business Journal
August 5, 2014

Located on 21 acres across from Kershaw Park, the property will offer residential, retail and commercial space. (Rendering courtesy of North Shore Development)

The North Shore project in Canandaigua has been awarded $3 million in state funds, a move that allows Phase 1 of the $120 million development project to begin this year.

The project is expected to create 175 permanent jobs and 400 construction jobs. Morgan-LeChase Development LLC, a partnership of LeChase Construction Services LLC and Morgan Management LLC, is the project developer.

Gov. Andrew Cuomo announced the funding in Canandaigua on Tuesday.

"For many years, this property on the north shore of Canandaigua Lake has been vacant, but now we are taking the first step to launch an exciting new development that will create jobs and leverage private investment in the Finger Lakes," said Cuomo, in a statement. "Getting this development project off the ground will help transform an eyesore into an economic attraction in the Canandaigua community.”

The governor announced $1.5 million in additional state assistance, on top of $1.5 million designated through the 2013 Regional Economic Development Council process.

Located on 21 acres across from Kershaw Park, the property will offer residential, retail and commercial space. In addition to cleaning up a brownfield site, the $120 million North Shore project will contribute to the local economy and increasing the community’s tax base by an estimated 8 to 10 percent, Cuomo’s office said.

The project was announced by Morgan-LeChase in June 2013, in conjunction with Hanlon Architects, a local firm. Local leaders sought to redevelop the north end of the lake for more than a decade before the Canandaigua Area Development Corporation, a non-profit organization that acts as a conduit for local development, attracted Morgan-LeChase to the site.

The North Shore project has passed milestones in recent months, with Canandaigua City Council approving site plans and the Ontario County Board of Supervisors approving a payment-in-lieu-of-taxes agreement in April. Earlier this year, PILOT increment financing was approved by the Canandaigua City School Board of Education.

Two buildings—Building A and Building B—are included in Phase 1 construction, set to begin this year. Building A is to feature 18,000 square feet of commercial space on two floors, while Building B is to have 10,000 square feet of commercial space on the first floor with some 135 apartments on the other four floors.

A two-story public space will be a feature attraction for the area. Morgan-LeChase is in talks with organizations and businesses to develop a shopping and culinary destination.

Phases two and three will be mixed-use buildings, while Phase 4 will be townhomes. The final stage, Phase five, will be commercial property, the developer said.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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