6/25/2021 0 Comments
Mastello Real Estate preps for new Canandaigua East Lake Road luxury housing project
Mastello Real Estate, LLC, is gearing up for development this summer on East Lake Road in Canandaigua.
The developer with a number of current Rochester projects, Mastello Real Estate is in the early stages development on the property, said Cameron Smith, one of the firm’s managing partners.
Plans call for five to ten luxury farmhouses on the East Lake property, with lake front property, two large barns, and surrounding forest.
Five to ten one- and two-bedroom luxury farmhouses are planned, with modern amenities found in other Mastello properties such as quartz countertops and stainless steel appliances, said Luke Masaschi, the firm's other managing partner.
Mastello plans to spend several million dollars on renovations and building, he said.
Masaschi estimates the work will take roughly three years to complete, with the first farmhouse ready for occupancy in late summer 2021.
The location, as well as the natural beauty, drew Mastello to the Property, Masaschi noted.
“It’s a prime spot and a location,” he said.
The development is one of many projects Mastello has underway.
This summer, Mastello opened multiple one- and two-bedroom luxury apartments at the Hiram Sibley Building at 365 East Ave.
Other Mastello properties include several Button Loft apartments, which will open by the end of 2023.
Mastello also has two new developments in downtown Rochester but plans for those projects are yet to be determined, Smith said.
Masaschi and Smith expect the East Lake Rd residential units to reach full occupancy, noting the growing interest in Canandaigua lake housing.
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