29 Perrin Street
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.
Success Stories
The Cannery
The long-vacant 62,000 square-foot former can factory and 42,000 square-foot industrial building that dominated the north side of the village were impediments to the revitalization of Fairport.
Sterling West
What began as a simple façade improvement project in 2004, resulted in the demolition of 2 buildings and the construction of what has become a signature project in the heart of the Village. The Fairport Urban Renewal Agency supported this project with a $300,000 low-interest loan and a façade grant. The total project cost was $1,200,000.
Iron Smoke Whiskey
Iron Smoke Whiskey, founded in 2011, is a small-batch craft distillery. Enjoying success, the distillery needed a larger location. Working with Fairport Local Development Corporation, a suitable site was identified, and Iron Smoke relocated to the Fairport location in 2014. The project was assisted with a low-interest loan for renovations, build-out costs, fixtures, and equipment. The total project cost was $850,000.
Fairport Landing
Developed through Urban Renewal programs in the 1970’s, the 120,000 square foot Fairport Landing shopping center had served as a key component of the Village’s commercial corridor. Due to shifting retail trends and lack of investment, the property was experiencing significant vacancy.