COR receives final approval for Mercy project

COR Development Co. cleared a final hurdle on Monday night when the City Council approved the site plan for the redevelopment of the former Mercy Hospital site. [Read more…]

Mercy project clears zoning approval

The redevelopment of the former Mercy Hospital site cleared a major hurdle on Wednesday night when the city’s Zoning Board of Appeals approved a compromise that allows for an urban feel for the project and room for potential future widening of Arsenal Street. [Read more…]

Mercy project’s site plans to go before Planning Board

The city’s Planning Board will take a first look today at COR Development Co.’s $30 million redevelopment of the old Mercy Hospital site. [Read more…]

Watertown Trust approves incentive program for downtown business district

The downtown business district will be getting another shot in the arm from the Watertown Local Development Corp. [Read more…]

COR outlines progress of Mercy Hospital project

COR Development Co. plans to start the first phase of construction at the former Mercy Hospital site this summer with 108 apartments and 30,000 square feet of commercial space. [Read more…]

Demolition at former Mercy Hospital complex to start May 1

COR Development Co. plans to construct commercial and residential space at Stone and Sherman streets, where a new complex will replace the former Mercy Hospital. The developer hopes to get approvals to start next year and finish in 2016. Photo courtesy DALPOS ARCHITECTURE & INTEGRATORS

COR Development Co. plans to construct commercial and residential space at Stone and Sherman streets, where a new complex will replace the former Mercy Hospital. The developer hopes to get approvals to start next year and finish in 2016. Photo courtesy DALPOS ARCHITECTURE & INTEGRATORS

Buildings at the former Mercy Hospital complex will start coming down May 1, Steven F. Aiello, president of COR Development Co., said during a meeting with Times editors Wednesday. [Read more…]

More activity begins at the former Mercy Hospital

Construction equipment sits parked on the Massey Street side of the former Mercy Hospital on Wednesday afternoon. Amanda Morrison/ Watertown Daily Times

Construction equipment sits parked on the Massey Street side of the former Mercy Hospital on Wednesday afternoon. Amanda Morrison/ Watertown Daily Times

Work crews were busy Wednesday getting ready for the demolition of the old Mercy Hospital on Stone Street.

No, the demolition of the mammoth complex, 218 Stone St., did not start. Workers were throwing all kinds of items — doors, metal cabinets, furniture and pieces of wood — out of upper floor windows.

A piece of heavy equipment on the Massey Street side was getting the site ready for the pending demolition.

An official in the city’s code enforcement office said the activity is in preparation for the asbestos abatement project before the building comes down. The state Department of Labor must approve an asbestos permit.

The site will be redeveloped by COR Development Co., Fayetteville.

Signs that read “Hard Hat Area” recently went up along the chain link fence installed around the series of buildings at the site.

Demolition is to start this fall.

The site will be transformed into 168 residential units and 42,000 square feet of shops and offices.

-Craig Fox, Watertown Daily Times

Preserve at Autumn Ridge townhouses filling up fast; ribbon-cutting set Sept. 13

Construction work progresses at the Preserve at Autumn Ridge housing complex on County Route 202, part of which is open for tenants. Photo by Norm Johnston/ Watertown Daily Times

Two-story townhouses are filling up fast at the Preserve at Autumn Ridge on County Route 202, where 24 families have moved in over the past two months.

Demand among military families for the upscale units has remained steady at the complex, where four two-story townhouse buildings are fully occupied, said Jeffrey L. Powell, property manager for Morgan Management, Pittsford, developer of the complex. An additional 70 families have signed pre-lease agreements to move into units from Oct. 1 through Dec. 31, he said. The construction of 10 apartment buildings — with five or seven units each — is scheduled to be done over that period.

In early August, National Grid completed electrical work needed for the first phase of construction, Mr. Powell said, following mix-up with the utility that delayed the project about two months. That cleared the way for general contractor DGA Builders, Rochester, to increase its construction pace. About two buildings are being completed per month.

“All of our buildings are getting 100 percent occupied,” he said. “That’s been the trend, and we expect it to continue.”

Mr. Powell said townhouses are now available to lease for December and January. Monthly rent for two- and three-bedroom units is $1,110 and $1,275, respectively, including all utilities except electricity. Tenants also have access to a clubhouse with a fitness center, conference room, tanning booth and swimming pool.

The first construction phase calls for 244 two- and three-bedroom townhouses to be done by the fall of 2014. The second phase would increase that total to 394 units and 60 buildings at the 68.8-acre site.

The complex is about a half-mile away from the 296-unit Beaver Meadows complex built by Fayetteville-based COR Development Co., on outer Arsenal Street in the Towne Center Plaza. But Morgan doesn’t consider COR a competitive threat, Mr. Powell said, because the two complexes offer distinctive living arrangements.

“We are more townhouse-oriented here with two-level apartments, and all of our units come with garages,” he said. “People who don’t need garages have that option there. They send people to us, and we send people to them.”

A grand opening ceremony will be hosted from 5 to 7:30 p.m. Sept. 13 at the complex, including a ribbon-cutting with officials from the town of Watertown, city of Watertown, Jefferson County and Fort Drum. Those attending the grand opening ceremony next week are asked to RSVP at 681-6547. Refreshments will be served.

Visit http://preserveatautumnridge.com for more information about the complex.

-Ted Booker, Watertown Daily Times

Development Council approves transfer of $2 million grant for redevelopment of Mercy site

The transformation of the former Mercy Hospital into a multiuse residential/commercial development in downtown Watertown took another step forward Tuesday as the North Country Regional Economic Development Council approved the transfer of a $2 million grant for the developer of the project.

COR Development Co., Fayetteville, previously had been awarded the money for a 364-unit apartment complex in West Carthage, part of a $90.2 million initiative to stimulate the region’s economy.

That project was scrapped after a market study made financiers leery of investing in the location, COR General Manager Steven F. Aiello said in April. [Read more…]

Business Briefcase – May 2013

Craft brewery plans opening in Lowville

A pair of Lowville entrepreneurs are trying out a new business venture in the village, and creating quite the buzz.

Dean and Shay Richards, a husband-wife team who owned Wildroot Bookstore and WaySeeker Custom Picture Framing, before it was lost to fire damage two years ago, have launched BarkEater Craft Brewery.

The brewery will be considered a nano brewery, meaning it is a small brewing operation defined by a less than four U.S. beer barrel brew system. Following the fire that damaged a considerable portion of the historic Times block in Lowville, Mr. Richards said he began working as a carpenter in Old Forge while his wife finished a bachelor’s degree through Pennsylvania State University online. He forged a business plan while commuting to and from the Adirondacks. BarkEater is the English translation of the Adirondack region. [Read more…]