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On November 30th, a ground breaking ceremony was held at the site of the former Flexo Wire, which will become the home of Harbor View Square.
Harbor View Square will include a five-story mixed-use building with 75 apartments and 9,200 sf of ground floor commercial space.
Building amenities include a fitness center, rooftop terrace, resident lounge, media center, and conference room. Harbor View Square is within walking distance of Lake Ontario's shorefront, downtown attractions, retail and restaurants.
The $26.2 million and 86,00 sf development is being constructed on an underutilized city-owned Brownfield site located at the convergence of the Oswego River and Lake Ontario. The site of the former Flexo Wire and long-vacant property was named a brownfield site by the State of New York and will undergo remediation and cleanup under the Brownfield Cleanup Program.
Harbor View Square is a priority project of the City of Oswego's Downtown Revitalization Initiative. It's location provides an excellent connection between the waterfront and downtown.
New York State Homes and Community Renewal financing for the $26.2 million project includes federal Low-Income Housing Tax Credits and Brownfield Tax Credits that will generate $13.2 million in equity, $3 million from the Community Investment Fund, and an additional $6.8 million in subsidy. Addtional financing includes a Restore NY grant, an award from Oswego's Downtown Revitalization Initiative, a loan from the Leviticus Fund, and assistance from the County of Oswego Industrial Development Agency (COIDA).
