Ex-South Wedge motel now a mixed-use apartment complex
by: Mary Chao
The South Wedge continues to grow with new retail and housing. Wedgepoint Apartments, located at the entrance to the South Wedge neighborhood, is now open for leasing.
The building features 68,000 square feet that will accommodate 60 apartments in a mix of one-, two- and three-bedroom units. In addition to the residential space, the property will also include 4,900 square feet of commercial space on the first floor.
What was formerly the site of a dilapidated motel is now a mixed-use complex. The first commercial tenant will be Fountain of Youth Fitness. Two additional commercial spaces are available.
The new project at 390 South Ave. was built on a vacant lot that had once housed the motel at the corners of South Avenue and Mt. Hope Avenue, said deputy housing administrator Josh Sankowski. The complex feature a courtyard, a rooftop garden and a recreation room on the first floor.
The area is on the edge of South Wedge, near the new Abundance Co-op. South Wedge has been an area of growth for retail with places such as Premier Pastry, Second Chic Consignment and other stores.
The apartments are available for lease with varying degrees of income requirement. For example, some of the apartments require that tenants make 60 percent of median household income in Monroe County while others require 90 percent, Sankowski explained. The median household income for a family of four in the county is $67,000.
Rents varied depending on size and income of tenants, but most were in the $520 range. The first tenants are currently moving in and there are four vacancies left, with a waiting list.
Katherine Samuel, 69, moved to Wedgepoint a month ago from Midtown Towers. She applied in September and is thrilled to be accepted.
“I love the Wedge,” Samuel said, pointing to the shops nearby. “The Wedge is upgrading. It’s good for me to be walking to places.”
Developed by Pathstone Pathstone Corp. — a nonprofit community development organization, the $16 million development is being financed through private and public resources, including the City of Rochester, New York State Home, New York State Community Investment Fund, New York State Housing Trust Fund, NeighborWorks America and the Low Income Housing Tax Credit Program as well as The Community Preservation Corp.’s permanent loan funded through the New York State Common Retirement Fund.