MULTI-FAMILY DWELLING
4.6 Acres for housing development
Address:
158 W Main Street
Sponsors:
David Conrad, pending purchase
Owners/members:
Carol Chase, owner
Estimated Project Cost:
$1,000,000
Project Time line:
1-2 years
Recent Investment:
$225,000 into 133 W Main St reopening of Old Sherman Hotel and 129 W Main St upgrades to flower & gift shop
Funding Possibilities:
Private funds and construction loan
The purchase and redevelopment of the 158 W Main Street commercial property presents a great opportunity for revitalizing a vacant retail establishment to attract business. The open acreage is ideal for the construction of new housing surrounded by the existing neighborhood of residential homes. It’s in a walkable distance to downtown, the French Creek parks and trails.
The property previously known as Chase Antiques is currently for sale and has drawn the attention of a few developers. The four commercial buildings facing W Main Street need restoration, but there is an even greater interest in building new multi-family dwelling townhouses providing for the highly sought after affordable housing and rental needs. The property abuts the municipal property along French Creek near Edmunds Park and the trail. With the 500 ft sidewalk extension along W Main Street, this property is walkable, bikeable, and easily accessible to the amenities in the downtown center.
The public water and sewer utilities make development attractive. Within the target area, Conrad Contracting is looking to build four multi-family dwellings with four units each for a total of 16 new affordable two-bedroom 1,000-1,200 SF townhouse style residences for rent.
Preserving our past, building our future...
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Project Breakdown
Conversion to Mixed-Use, New Development, Diverse Housing
The current vacant industrial buildings and large lot will be restored for use and (16) 2-story, 2-bedroom townhouses will be constructed for rent on the 4.6-acre parcel.
Fit with Vision Statement
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Cultivate Economic Growth & Prosperity
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Secure Diverse Residential Housing
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Encourage a Walkable & Bikeable Community
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Provide for a Green & Resilient Community
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Varied Housing, Supporting a Diverse Population
Alignment with NY Forward Goals
Create an active downtown & sense of place
Attracting a variety of new businesses for residents & visitors, & provide job opportunities
Enhance public spaces for arts & cultural events, serving the community & visitors around the region
Growing the local property tax base
Providing amenities that support & enhance downtown living & quality of life
Varied housing, supporting a diverse population
Reduce greenhouse gas emissions & support investments that are more resilient to future climate change impacts