This Week
  • Placing a loved one in an elder care facility is not an easy decision for caregivers.

  • HBT Architects took a risk and parted with some clients on its new path.

  • East High School teacher and blogger Kelly LaLonde speaks out about education.

  • GM injection: The automaker has invested $150 million here since 2011.

  • Robert W. Hurlbut heads a 1,400-employee business started by his grandparents.

  • The new edition of Explore Greater Rochester is here.

City grant, loan aid redevelopment on Vick Park A

Rochester Business Journal
December 20, 2013

A Rochester-area real estate agent is developing a building in the city with the help of a grant and low-interest loan approved by City Council this week.

Mark Siwiec, with Nothnagle Realtors, is renovating 45 Vick Park A. His plans for the building include transforming 29 rooms into 10 to 12 one-bedroom and studio apartments. He estimates the renovations will take roughly six months and expects to rent the units in September.

Siwiec purchased several Vick Park A properties in March 2012.
 
Over the past 18 months he has renovated one of the buildings, 47 Vick Park A, which now has six one-bedroom apartments. Siwiec also recently led the renewal of 43 Vick Park A, with five of 10 units completed.

Siwiec received a $115,000 grant and $285,000 low-interest loan. He paid $1 million for the three properties.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google