What's Happening?
A long-abandoned building in Canandaigua, New York, known as the former Labelon building, is undergoing a significant transformation into residential housing. Joel Barrett, managing partner of 43 North Real Estate, is leading the project, which aims to convert
the structure into 51 residential units. The building, located at 10 Chapin St., was originally constructed in 1920 and has been vacant since the Labelon company filed for bankruptcy in 2002. The redevelopment plan includes a mix of studio, one-, and two-bedroom apartments, with rents ranging from $1,500 to $2,750. Additionally, five or six units will be designated as workforce housing. The project also features a landscaped, park-like area for residents, providing easy access to Main Street shops and restaurants. The initiative is expected to take 12 to 14 months to complete.
Why It's Important?
The redevelopment of the former Labelon building addresses a critical need for housing in Canandaigua, while also eliminating a long-standing eyesore in the city. This project is significant as it revitalizes a historic structure, contributing to the urban renewal of the area. By providing new housing options, the development supports local economic growth and enhances the community's appeal. The inclusion of workforce housing units ensures that the project benefits a diverse range of residents, promoting inclusivity. Furthermore, the project's focus on creating a community-oriented environment aligns with broader trends in urban planning that emphasize walkability and social interaction.
What's Next?
As the project progresses, construction crews will continue with lead paint and asbestos abatement, followed by structural improvements to prepare the building for winter. The transformation is expected to be completed within the next 12 to 14 months. Local officials, including Canandaigua Mayor Bob Palumbo, have expressed optimism about the project's potential to enhance the city's housing landscape. The successful completion of this development could inspire similar projects in the region, further contributing to the revitalization of Canandaigua and surrounding areas.
