Oswego officials: ‘The Reserve’ to bring new shopping, dining options to village’s downtown

Ribbon cutting marks opening of the $69 million development’s first phase

STORY UPDATED AT 11:20 A.M. FRIDAY, FEB. 26

With a quick snip of a ceremonial scissors Thursday afternoon, Feb. 25, Oswego Village President Troy Parlier cut a bright purple ribbon to mark the opening of The Reserve at Hudson Crossing at Washington and Harrison streets in the village’s downtown.

Representatives of The Shodeen Group, developers of the $69 million project, and village officials applauded as soon as the ribbon was cut.

“The Reserve at Hudson Crossing is bringing new residents to frequent the great local shops and restaurants that already make our downtown unique,” said Oswego Village President Troy Parlier in a statement issued by the village. “It’ll bring new, modern commercial space to expand shopping and dining options for all our residents.”

Parlier continued, ”Our hope is that the addition of new residents, new commercial space and new public parking will support and bring renewed attention to downtown Oswego.”

“We are very excited about The Reserve at Hudson Crossing and its role in the continued growth of downtown Oswego,” Angie Hibben, president/CEO of the Oswego Chamber of Commerce said in the statement. “As residents move in and new businesses and restaurants open along Main Street, more foot traffic will lead to increased business and excitement in the downtown area. The diversity of offerings will benefit local residents and attract customers from surroundings communities. This commitment to the growth of the downtown area serves to create a vibrant business district and beautiful visitor destination along the Fox River.”

“There’s been a lot of excitement and interest in the retail, restaurant and commercial possibilities available at The Reserve of Hudson Crossing,” Dan Meisinger, broker for the Shodeen Group said in the statement. “The 26-foot ceilings would allow for a mezzanine level if a tenant desired and the space has direct access to the climate-controlled public parking garage. We are currently working with a restaurant and separate entertainment business interested in being part of the newly revitalized downtown Oswego business district.”

The Shodeen Group broke ground for the development – the largest mixed-use development in the village’s history – last November on the site of the former Alexander Lumber yard. The lumber yard had sat vacant for more than a decade.

Since that time, contractors have been constructing the first phase of the development that includes 10,000 square feet of commercial space for restaurants and retail shops on the building’s first level facing Washington Street and 176 apartments on the building’s upper floors. When fully developed, the Reserve will have 280 apartments.

The apartment portion of the building features an interior courtyard with swimming pool, lounge chairs, multiple eating areas, two gas fire pits, seating areas and grilling stations. A community lounge is accessible from both the courtyard and the interior commons area on the building’s third floor and includes a fitness center, lounge area, pool table, full kitchen, bathrooms and changing area.

Studio, one and two bedroom apartments are available with monthly rents ranging from $1,090 to $2,290. The first residents moved into the building Feb. 5.

In addition, the development includes two levels of enclosed, heated parking decks which will serve residents and provide free public parking for shoppers and diners throughout the village’s downtown. The parking decks are expected to be open to the public this spring.