Major Development Proposed For West Carthage
The population of the village of West Carthage could almost double if a proposed housing project goes through.
Lunco Corporation and an unnamed developer are proposing a mix of housing and retail space for 70 acres of vacant land in the village along North Broad Street.
The West Carthage planning board didn't take any action on the plans Wednesday night.
The housing plan includes 390 apartments and another 150 town homes. Rents would not be subsidized.
The project is expected to be built in stages: the more units that are rented, the more will be built.
On the retail end, a 40,000-square-foot big-box retail store is proposed, along with a sit-down restaurant and four smaller retail buildings.
Lunco owner Mike Lundy says the project could be scaled back if the demand for housing isn't as high as projected.
The housing portion could start in the fall; the developer is waiting on a state grant and will most likely ask for a tax break.
The retail end could start next spring. Lundy says it's the biggest project ever proposed for the village.
Lundy also presented two other projects to the village planning board Wednesday night, involving land around the major development.
Right next to it, Lundy is preparing to build a discount retail store for the Dollar Store.
Across North Broad Street, Lundy says he will build a new NAPA store and a bank, but wouldn't name which bank.
Friday, December 6, 2013, Watertown, NY
On Wall Street