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$2M state grant secured for Canandaigua’s Factory 243 development

  • / Updated:
  • Staff Report 

The Factory 243 project, which aims to repurpose the former Lisk Manufacturing Co. site into residential and commercial spaces, received a substantial push from the state in the form of a $2 million grant from the Restore New York Communities Initiative.

Finger Lakes Partners (Billboard)

The grant, awarded to the city that submitted the application, will aid in the demolition and abatement of four aged industrial buildings located at 243 Gorham St., marking the second phase of the project.

Owned and developed by Capstone Construction and Real Estate Development of Rochester, the property was acquired from Commodore Plastics in 2016.

In May 2019, Capstone embarked on significant renovations, converting the buildings into 83 housing units, alongside a coffee shop and courtyard—a total investment of $17 million. The state grant is part of a broader $146 million package from Restore New York’s Round 7 grants, announced by Gov. Kathy Hochul.

It necessitates a local match, which Capstone has committed to provide. This site, once the home of one of the city’s largest industrial employers, Lisk Manufacturing, has a rich history dating back to 1892, making this transformation even more significant.