January 17, 2021

Apartment leasing office to open next week at The Reserve in downtown Oswego

First tenants expected to move into $69M development in February or March

An apartment leasing office is scheduled to open next Thursday, Dec. 10 at The Reserve at Hudson Crossing, a $69 million residential and commercial development in downtown Oswego.

The Shodeen Group, project developers, broke ground for the project--the largest mixed use development in the village's history--last November on the site of the former Alexander Lumber yard at Washington (Route 34) and Adams streets.

Since that time, contractors have been constructing the first phase of the four-story project that includes space for restaurants and retail shops on the building's first level front Washington Street and 176 apartment units on the building's upper floors.

Shodeen Group President David Patzelt said the first tenants should be able to move into the building in February or March.

In the meantime, the firm has listed rents and floor plans for the apartments on its website. Of the 176 apartments now under construction, 35 will be studio units, 75 will be one-bedroom units and 66 will be two bedroom units.

Rents will range from $1,090 for a 504-square foot studio apartment to $2,090 for a 1,237-square foot, two bedroom-two bathroom apartment. Amenities will include central air and heat, garage parking, granite countertops, an on-site gym, in-apartment washer and dryer, a private balcony, secure entry system and stainless steel appliances.

The complex will also feature an interior courtyard with swimming pool, lounge chairs, multiple eating areas, two gas fire pits seating areas and grilling stations. A community lounge will be accessible from both the courtyard and the interior commons area on the building's third floor and include a fitness center, lounge area, pool table, full kitchen, bathrooms and changing area.

When fully developed, the Reserve will feature 280 apartments along with a 341-space parking garage that will serve both building tenants and as public parking facility to serve the village's downtown area.

Village Administrator Daniel Di Santo said it has been the village's and Shodeen's intent from the beginning stages of the project to have the apartments appeal to what he described as the ends of the age spectrum.

"The empty nesters, the folks who have moved on, who do not have children, or the young professionals. Young couples, young families without children, younger professionals," Di Santo said. "Those two ends (of the spectrum) are who they believe the majority of the residents will be."

Patzelt said no leases have yet been signed for the first level storefront spaces along Washington Street. He noted there is no set limit on the number of shops versus the number of restaurants that will locate in the spaces.

Di Santo clarified that according to the project development agreement between Shodeen and the village, the business spaces for lease will feature at least one restaurant, located at the corner of Washington and Harrison streets.