Eunice Lewin’s Impacto Consulting Associates (Impactful Connections and Solutions) is casting a wide development net north of the Medical Campus in the Cold Spring neighborhood. After obtaining neighborhood input, the Impacto team is moving forward with development plans that include 18, 19, 21, 35, 37, 50, 52, 55, 56 and 62 Edna, 102 Best, 73, 85, 89, 113 and 119 Dodge, and 1178 and 1188 Michigan Avenue.
Impacto has already been in front of Zoning Board for two vacant parcels of land – one at the corner of Dodge and Michigan, and another at the corner of Best and Elliott. The infill development will see 64 town-homes, a community center and a small amount of retail space built.
The project site is just north of the multi-phased Campus Square development. Impacto is a consultant on that mixed-use project that is being spearheaded by Pilgrim Village owner Mark Trammel and McGuire Development. As part of the redevelopment, ninety affordable townhome units on a nine-acre portion of the site would be replaced with over 400 new apartments in multiple buildings. New buildings are proposed to be inter-generational, mixed-income, and mixed use. The first phase will be a six-story building with 152 units.
According to a Common Council agenda item designating Impacto developer of the City-owned lots, Impacto is seeking bond financing through the NYS Housing Finance Agency and/or the ECIDA with supplemental soft debt financing to be obtained through NYS Homes & Community Renewal. Permanent financing for the project will be obtained from private sources. Silvestri Architects is designing the project.