The Flats at Brooks Crossing will result in 200 construction jobs and 40 permanent jobs when the $18.7 million project is completed in 2014, officials said.
The work is the latest for the Brooks Landing Revitalization Project, with $45 million in investments in southwest Rochester so far, officials said.
A 12-story building at Brooks Avenue and Genesee Street will house 170 University of Rochester students on 10 upper floors, with a 5,000-square-foot restaurant on the first floor, officials said at a groundbreaking Friday.
A scull boat house will be located on a lower level. A 4,000-square-foot, single-story building facing Genesee Street also will be constructed, officials said. The project could be completed as early as next summer.
The city of Rochester has spent $6 million on assembly, environmental cleanup and public improvements for the project, officials said. The city is providing a $500,000 construction loan to Minneapolis development firm Christenson Corp., and up to $385,000 for environmental cleanup, they said.
The County of Monroe Industrial Development Agency approved tax breaks of $3.7 million for the developer in March 2012. The projected benefit to the community was pegged at $9.9 million.
“When this project is complete, we’ll welcome 170 residents to the neighborhood,” Mayor Thomas Richards said in a statement.
The new residents “will use local services, eat in local restaurants and add to the vitality of the Brooks Landing area, continuing the momentum of community revitalization in the neighborhood,” Richards said.
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