Apartment, retail buildings on South Ave. set to open next week – 13wham.com

Apartment, retail buildings on South Ave. set to open next week

by: wham

ROCHESTER, N.Y. (WHAM) – Two new mixed-use buildings are set to open in Rochester’s South Wedge neighborhood next week.

A ribbon-cutting ceremony is scheduled for Wednesday, May 3 for the new Wedgepoint Apartments on South Avenue near Byron Street.

The two buildings will house 60 apartments in one, two and three-bedroom units. There will also be 4,900 square feet of retail space on the first floor of each building, which totals 68,000 square feet.

Both buildings already have more than 75 percent occupancy and one of the three commercial spaces is already being rented.

“With Wedgepoint, [PathStone developers] have transformed a vacant lot into the perfect gateway to the Rochester’s South Wedge neighborhood,” said Judith Rose, Senior Relationship Manager with NeighborWorks America.

The building was financed through the City of Rochester, NYS Home, NYS Community Investment Fund, NYS Housing Trust Fund, NeighborWorks America and the Low Income Housing Tax Credit Program (Federal & NYS), and The Community Preservation Corporation’s permanent loan funded through the NYS Common Retirement Fund.

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