CORNING - Groundbreaking is nearing on the construction of a $30 million, three- and four-story residential building that will house 90 market-rate apartments at the former Corning Hospital site.

City Manager Mark Ryckman said crews are finishing work to remediate contaminants at the 8-acre, 176 E. Denison Parkway lot in accordance with state Department of Environmental Conservation guidelines.

Ground is expected to be broken on the project in late summer or early fall.

Ryckman called the $30 million project an amazing amount of investment at the former Corning Hospital site.

The construction of the large, 41,860-square foot residential building is expected to take 9 to 12 months to complete, according to Rochester-based Riedman Companies.

The first phase of development at the site was the construction of a 21,000-square foot Corning Community College Health Education Center.

Ryckman said when the construction of the residential building is completed, a second residential apartment building may be built at the site, facing East First Street.

Guthrie, the current owner of the property, is currently completing remediation work at the site.