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29 Perrin Street
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29 Perrin Street
About the Project
In 2010, the Fairport Urban Renewal Agency acquired this deteriorating property and requested redevelopment proposals. A local developer purchased the property, demolished the existing building and redeveloped the site into 5 market rate apartments, which were leased out upon opening in September 2012.
This project provides first-class housing near the business district, within walking distance to the Main Street corridor and Erie Canal recreational activities.
The Fairport Urban Renewal Agency supported this project with a $250,000 low-interest loan. The total project cost was estimated at $850,000.
Key Takeaway
As housing development has come to the forefront of economic development, this multi-family housing development addressed an important need to continuously improve and expand housing opportunities throughout the village.