Located at 541 Covington Street, this property is one of three adjacent to the Diamond Site that could be part of a larger redevelopment plan.

This large city-owned waterfront property along the northeast portion of the Diamond Site is available for redevelopment upon the completion of site remediation. The 7.76 acre parcel is the former Standard Shade Roller property which is currently enrolled in the Brownfield Cleanup Program (BCP) administered by the New York State Department of Environmental Conservation (NYSDEC). The City has retained consultants to design and implement remediation needed in accordance with NYSDEC requirements. Once a Certificate of Completion (COC) is issued, which is anticipated by the end of 2022, the property will be available for future use and development.

Property Facts

• Location: 541 Covington Street
• Parcels: One parcel
• Acreage: 7.76 acres
• Environmental Conditions: Enrolled in NYSDEC BCP and ready for remediation
• Zoning: Residential/Business Mixed Use (R/B) District with additional flexibility provided through the City’s Planned Development District (PDD).
• Utilities: Serviced by public utilities including water, sewer and electric. Electric rates are approximately 8.5 cents/kwh.