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…]

Developers say projects on track after Army spares Fort Drum major reductions

After learning that only 28 Fort Drum soldiers will be cut by the Army, developers planning projects in the Watertown area breathed a collective sigh of relief Thursday. [Read more…]

COR Development dropped Carthage apartment plan due to poor market study

General manager of COR Development Co., Steven F. Aiello, at the construction site for Beaver Meadows Apartments, Watertown. Photo by Norm Johnston/NNY Business.

Plans for a 364-unit apartment complex in West Carthage were scrapped in January because a market study commissioned by COR Development Co. created serious concerns for financiers, according to COR General Manager Steven F. Aiello.

“We would have been pleased to have done the project there, but the market study didn’t support it. There were financial challenges getting the project built there,” Mr. Aiello said. “We have an obligation to the state to make sure the project had the best opportunity to be successful.” [Read more…]