Aerial view of Spa Apartments
Rehabilitation and refinancing of a Mitchell Lama financed historic senior apartment community in Clifton Springs, New York. The 2015 rehab project breathed new life into this 109-unit apartment building which has been a fixture of the village since the 19th century.

Location: 11 East Main Street Clifton Springs, NY

Completion: 2015

Number of Units: 109

Project Type: Rehabilitation/Preservation of Rental Housing

Project Cost: $15.6 million

Cornerstone's Role: Developer/Owner & Property Manager

Funding Sources: Tax Exempt Bonds, Historic Tax Credits, Equity, HFA Subsidy, HUD, FHLB
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Rochester's Cornerstone Group, Ltd. 
460 White Spruce Blvd.
Rochester, NY 14623