The City Council Planning Committee in Canandaigua will consider a request from Capstone Construction and Real Estate Development to apply for a Restore New York Communities Initiative grant to fund Phase 2 of the Factory 243 project.
Phase 1 of the project, which involved the renovation of the old Lisk Manufacturing Co. factory at 243 Gorham St. in Canandaigua into 83 apartments, office space, and a restaurant, was completed by Capstone in 2019. The company spent $17 million on the project and now hopes to continue with Phase 2, which includes the selective demolition and abatement of four structures within the complex to create five residential apartment buildings with 51 units and two commercial spaces.
The Restore New York grant program was established to revitalize urban and rural areas, disadvantaged communities, and stabilizing neighborhoods by supporting projects that rehabilitate or reconstruct abandoned or surplus properties. If the Planning Committee approves the grant application, the full Council will consider the matter at its meeting on Thursday.
Don Lasher of Capstone will present the Phase 2 plans and request the city apply for the grant at the meeting tonight. The costs for Phase 2 are still being calculated. Capstone purchased the property in 2016 from Commodore Plastics, which was using it as a warehouse.
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