Capstone Real Estate Development LLC acquired the former Lisk Manufacturing Company facility at 243 to 299 Gorham Street and proposed a two phased redevelopment. The City Council approved the planned unit development (PUD) rezoning on May 4, 2017.
Phase 1 involved redeveloping the western portion of the former industrial complex into 88 apartment units and 64,000 square feet of commercial and light industrial space. Phase 1 has been completed.
Phase 2 is proposed to redevelop the eastern portion into 42 apartment units and 4,700 square feet of commercial and light industrial space. The City is considering an application to assist with Restore NY funding.