A ribbon-cutting ceremony for a new apartment complex in Lysander will take place at noon on Tuesday, Sept. 17 at 8278 Riverknoll Crossing in Baldwinsville.
Baldwin Real Estate Corporation, a Rochester-based affiliate of The DiMarco Group, has recently completed Radisson’s newest apartment community.
Located on 27 acres of land within the Radisson Planned Unit Development, Riverknoll at Radisson is the second phase of a multifamily affordable housing community that provides homes for 160 families. The owners have completed the $13.8 million project that has one, two, and three bedroom apartments. The property shares the use of the Riverknoll at Radisson clubhouse that features a community room, fitness center, computer lab and a centrally located laundry room. The park-like setting is entwined with walking trails and a playground for families.
The apartments are well-appointed with energy efficient appliances, heating and air conditioning equipment, washers and dryers, berber style carpet, resident storage, mini blinds, walk-in closets, and much more. Some apartments have handicapped design features for the convenience of persons with disabilities. All apartments have exceeded Energy Star® Version 3.0 Qualified Homes standards for excellent energy efficiency.
These apartments are available for individuals and families who are income eligible. While these apartments are not rent subsidized, every effort is made to maintain these rents as affordable for persons who are within the established income limitations.
“Since 1983, we have successfully operated multifamily residential real estate in the Baldwinsville area," said William Durdel, president of Baldwin Real Estate Corp. "The town of Lysander is in need of quality affordable housing where hard working people can live and raise their families. We think Riverknoll at Radisson fills a significant portion of that need.”
Riverknoll at Radisson II LLC was successful in receiving Low Income Housing Tax Credits (LIHC) and a permanent loan from NYS Homes and Community Renewal (HCR). Additionally, construction and permanent loans from the Community Preservation Company (CPC), Federal Home Loan Bank, and private investors from Raymond James Tax Credit Funds, round out the total sources that financed this project.
“We look forward to our continued excellent working relationship with local government officials and area leaders to meet the housing needs of the residential community that in turn helps sustain local business," Durdel said. "Our focus for the remaining parcel at Riverknoll will address the need for more affordable housing for senior citizens.”