The Village of Oswego announced Tuesday afternoon, Oct. 8, that the Shodeen Group has closed with its financier on the first phase of The Reserve at Hudson Crossing, the $69 million six-story, two-building development that will bring apartments, retail shops, restaurant space, free public parking decks and street improvements to the site of the former Alexander Lumberyard on Washington Street in the village's downtown.
In a press release, the village announced that excavation and utility work on the vacant site are expected to begin in early November, and public improvements should be completed by November 2020. The public parking deck is expected to be completed by the end of 2020, and the apartments, retail and restaurant spaces are expected to be completed by summer 2020.
“We are very pleased for this day to come,” said Village President Troy Parlier. “This culminates a great deal of time and effort by many people on all sides. Big thanks go to our past Village Board and President Gail Johnson, our administration and current board. A special thanks to H. Linden Construction and Shodeen for the new developments they will bring to our downtown and community.”
Throughout the spring and summer, the village secured state and federal plan approvals and contracted with H. Linden & Sons for public improvements, including the complete reconstruction of Adams, Jackson, and Harrison Streets, burying overhead utility lines, plus necessary water and sewer infrastructure.
“What we have here in Oswego is the opportunity to build something very special in a great downtown riverfront setting,” said Shodeen President Dave Patzelt in the press release. “I am excited and pleased to say that after all of the planning work by so many people, we are now officially starting the construction phase on this mixed-use building that will be a tremendous asset to downtown Oswego.”
The first phase of the two-phased project includes the south building, which will feature approximately 175 apartments, 10,000 square feet of retail along Washington Street, a restaurant with outdoor dining along Washington Street, and completely reconstructed streets with benches and other amenities. In addition, parking decks on the lowest floors of the development will continued to be owned by the village and will provide approximately 320 spaces of free covered parking for downtown shoppers and diners.