Workers are busy finishing a clubhouse and four townhouse apartment buildings off County Route 202 in the town of Watertown, which should be ready in May and June for families to move in.
On Thursday, construction workers from General Interiors of Liverpool were busy finishing framework on three buildings and starting work on the fourth at the subdivision, being developed by Morgan Management of Pittsford. They have worked throughout the winter to make progress at the 68.8-acre site, where 60 buildings with a total of 394 two- and three-bedroom apartments will be built over the next four years.
Construction started in August, and water and sewer lines were installed in the fall at the site, to be called the Preserve at Autumn Ridge. Groundwork also has been completed for an 8-acre parcel for a commercial building to be built directly north of Sam’s Club.
Kevin J. Morgan, vice president of Morgan Management, said a leasing office with staff will open at the site Feb. 15 for families interested in the apartments. Rents will start at $1,100 a month for a two-bedroom townhouse apartment, $1,275 for a three-bedroom, and $1,150 for a two-bedroom ranch-style apartment.
“Staff will be able to go over floor plans, take applications and complete some of the preleasing online for the apartments,” he said.
The first phase of construction will include 244 apartment units, which should be completed in 18 to 24 months, Mr. Morgan said. Once the first four townhouse buildings are done this summer, about one building a month should be completed after that.
“Our plan is to completely build this first phase of construction out, and we’re going to keep going as quickly as possible,” he said, adding that demand for the apartments in the community is strong. “We’re hearing that there’s a lot of interest, that people want to be in the townhouses.”
The developer also is actively seeking a retail business to move into the commercial space at the site. That project likely will break ground in the spring or summer.
“It will potentially be a bank, or something along those lines,” Mr. Morgan said.
To complete the project, Morgan Management entered into a 10-year payment-in-lieu-of-taxes agreement engineered by the Jefferson County Industrial Development Agency. Morgan will pay 50 percent of full taxation for those 10 years, which will be divided among the three taxing jurisdictions that approved the PILOT: Jefferson County, the town of Watertown and the Watertown City School District. Morgan will begin paying the full amount in property taxes, about $464,000, in year 11, and increases on the property’s assessment will be capped at 1 percent per year for years 11 through 15.
Architecture and engineering work for the project was completed by GYMO Architecture, Engineering & Land Surveying, Watertown.