Financing is secured and construction will begin soon on a new three-story mixed-use building at 113 Main Street in downtown Oswego.
On Thursday, the Village of Oswego announced that Yorkville-based Imperial Investments has acquired the property at 113 Main Street, the site of the former Village Hall, for a three-story mixed-use building that will bring restaurant space featuring garage door-style al fresco dining and upper-level office space to downtown Oswego.
“We are excited for all the activity coming to Oswego’s downtown and believe it’s a great time for us to be expanding into the Oswego community,” said Imperial Investment’s Director of Development, Mike Mann. “We have some great ideas for expanding the dining options available in downtown Oswego, and we can’t wait to get this project underway.”
A groundbreaking ceremony will be held at 4 p.m. on Wednesday, Sept. 11, at the site.
“We are pleased to partner with Imperial Investments for this new development coming to Oswego and believe this is going to be a great addition to our downtown,” said Village President Troy Parlier. “Oswego is a great place to invest, and it’s encouraging that those who have had success in our neighboring communities are seeing the opportunity we offer.”
Construction, including sidewalk, alley and street closures, is expected to begin within two weeks.
As construction commences for the building, the Village’s contractors will also begin public improvements on the surrounding Block 11, the downtown block bounded by Washington, Main, Van Buren and Adams Streets. When finished, Block 11 will also include a Mexican restaurant along Washington Street, plus additional public parking, underground water, sewer and electrical infrastructure to support further development, and a complete reimagining of the streetscape featuring a pedestrian thoroughfare.