News: Brokerage

Cornerstone Group celebrates completion of Union Meadows II

Union Meadows II, developed by Rochester's Cornerstone Group, Ltd. and Providence Housing Development Corporation, is an affordable 42-unit apartment project constructed on Union Square Blvd. Each unit has an attached one car garage. A 2,200 s/f community building exists for the residents use. The project is 100% occupied. The units are designed for well-elderly with modest monthly incomes; working families with children; and physically disabled individuals, both elderly and family, who require handicapped accessible units. Five units will be handicapped accessible and two units accessible to visually and hearing impaired. Lifetime Assistance and Catholic Charities Community Services refer potential residents to these special need units. LECESSE Construction was the general contractor. The project was designed by SWBR Architects and Parrone Engineering. Providence Housing Development Corporation manages the property. The project was financed by partners including NYS Division of Housing and Community Renewal, Federal Tax Credit Assistance Program funds, Federal low income housing tax credits, Federal Home Loan Bank/M&T Bank, Monroe County, The Greater Rochester Housing Partnership, JPMorgan Chase Bank and WNC & Associates, Inc. Rochester's Cornerstone Group, Ltd. is a real estate development, consulting, brokerage and property management firm.
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