BATAVIA, NY – The Genesee County Economic Development Center (GCEDC) board of directors approved a final resolution for a proposed market-rate housing development on MedTech Drive in the town of Batavia at its board meeting on Thursday, March 7^th, 2024.

MedTech Landing LLC will invest $15 million to construct 100,000 sq. ft. of apartment buildings totaling 80 units. The project is comprised of seven buildings with a mix of one, two and three bedroom units.

The project aligns with the GCEDC’s Housing Policy #1 and a recognized need for housing availability. The Genesee County Housing Needs Assessment identified in 2018 that 4,800 units were needed in the next 20 years across single family homes and rental units.  The project will also generate up to one million dollars over 20 years to the Batavia Home Fund (BHF).

“Market-rate housing investment supports Genesee County’s continued growth to family-sustaining jobs,” said GCEDC President and CEO Steve Hyde. "With the successful partnership of the Town and City of Batavia with the GCEDC, the Batavia Home Fund is poised to add tremendous value in enhancing the housing stock in the city of Batavia and neighboring town.”

MedTech Landing LLC requested a sales tax exemption estimated at $720,000, a property tax abatement of approximately $3,031,048, and a mortgage tax exemption of $120,000.  The project is projected to generate $12 of economic impact for every $1 of public sector investment.

The GCEDC board also advanced an initial resolution from LeatherLeaf Solar LLC for a 5 MW community solar farm in the town of Byron. The $9 million project is projected to generate $4,000/megawatts (AC) annually + a 2% annual escalator of revenues to Genesee County and Byron-Bergen Central School District, along with a host agreement with the Town of Byron. A public hearing on the project’s proposed agreements will be scheduled in the Town of Byron.

Previously:

BATAVIA, NY – The Genesee County Economic Development Center (GCEDC) board of directors will consider a final resolution for a proposed market-rate housing development on MedTech Drive in the town of Batavia at its board meeting on Thursday, March 7, 2024.

MedTech Landing LLC plans to invest $15 million to construct 100,000 sq. ft. of apartment buildings totaling 80 units. The project is comprised of six buildings with a dozen one-, two- and three-bedroom units, one 8-unit building, and 6 six-car garages.

The project aligns with GCEDC Housing Policy and the Genesee County Housing Needs Assessment, which identified a 4,800-unit housing demand over 20 years.

MedTech Landing LLC is seeking a sales tax exemption estimated at $720,000, a property tax abatement of approximately $3,031,048, and a mortgage tax exemption of $120,000.  It is estimated that $12 of economic impact will be generated by the development for every one dollar of public sector investment.

The project would also generate up to $1 million over 20 years for the Batavia Home Fund (BHF). The BHF promotes and provides grants to support new home construction and rehabilitation of residential properties to enhance the area’s housing stock.

• The GCEDC board will also consider an initial resolution from LeatherLeaf Solar LLC for a 5 MW community solar farm in the town of Byron. The $9 million project is anticipated to generate $4,000/megawatts (AC) annually with a 2% annual escalator of revenues to Genesee County and Byron-Bergen Central School District, and a host agreement with the Town of Byron.

The March 7, 2024, GCEDC board meeting will be held at 4 p.m. at the MedTech Center’s Innovation Zone, 99 MedTech Drive, Batavia.