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Monthly Archives: July 2008

Rise and Fall: Midtown Plaza

Forty-six years after the nation’s first urban enclosed shopping mall opened in downtown Rochester, Midtown Plaza is shutting down. At 6 p.m. today, the plaza’s final patrons will exit and its doors will be locked. High hopes greeted Midtown Plaza ...

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Rise and Fall: Recollections

Roughly 250 RBJ Daily Report readers responded to a request for their favorite memories of Midtown Plaza. Many said Christmastime-with the tree, visiting Santa and the monorail-held special memories. The monorail had its last run on Dec. 24. Here are ...

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Q4: Steven Orr, president, Newspaper Guild of Rochester/CWA, Local 17

Q: Newspaper Guild of Rochester/Communications Workers of America, Local 17 did not achieve all of its goals in negotiating with the Democrat and Chronicle’s parent company, Gannett Co. Inc. But in the end, the process did enable its members to ...

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Wakonda Technologies sets move to Boston

A homegrown company that works closely with Rochester Institute of Technology and has secured more than $9 million in venture capital plans to move its operations out of state. Les Fritzemeier, founder and president of Fairport-based Wakonda Technologies Inc., said ...

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Biophan CEO earns $623,919 in fiscal ’08, filing with SEC shows

Biophan Technologies Inc. CEO John Lanzafame in fiscal 2008 earned $623,919 in total compensation, including $335,600 in option awards, documents filed with the Securities and Exchange Commission show. Lanzafame’s salary for the year totaled $188,419. He earned a $100,000 bonus ...

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Rise and Fall:Plaza’s early days brought waves of shoppers

Retailing leaders Gilbert McCurdy and Maurice Forman worried the growing popularity of suburban shopping centers and strip malls would take business away from their flagship downtown stores, even as they opened their own outlets in the suburbs. The McCurdy and ...

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New home sales drop less than expected in June

Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, AP reported. The Commerce Department reported Friday that sales of new single-family homes dropped 0.6 ...

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Buffalo firm set to auction part of Kodak Park

Only months after buying more than 2 million square feet in Kodak Park South, Buffalo-based Acquest Development LLC is selling the 105-acre parcel in Greece. On March 31, Acquest closed on Eastman Kodak Co.’s Building 605. The sale price was ...

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ITT reports record Q2 revenues

ITT Corp. reported record second-quarter revenues in each business segment Friday, including its fluid technology division, which logged sales exceeding $1 billion for the first time. The White Plains-based company posted net income of $221 million, or $1.20 a share, ...

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FSB reports increase in income

FSB Community Bancshares Inc., parent of Fairport Savings Bank, reported net income of $10,000, or a penny a share, for the quarter ending June 30, compared to a net loss of $112,000 a year ago. The increase in income resulted ...

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Poll: Few visited Midtown in recent years

Midtown Plaza, the nation’s first downtown indoor mall, has stood in the heart of Rochester since 1962. In recent years, however, most people spent little or no time there, the results of a special RBJ Daily Report Snap Poll suggest. ...

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China says Web users top U.S. users at 253 million

China’s booming Internet population has surpassed the United States’ to become the world’s biggest, with 253 million people online despite government controls on Web use, AP reported. The latest figure on Web use at the end of June is a ...

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Rise and Fall: Midtown revival hopes turned to money woes

One might be tempted to count the McCurdy family’s $28 million sale of Midtown Plaza to a California developer in 1997 as the beginning of the downtown landmark’s slide into oblivion. By the time Peter Arnold’s Arnold Industries Inc. bought ...

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Rise and Fall: Midtown’s scattered remains will rise again

If Louis Perticone had his way, he would have re-created the center square inside Midtown Plaza at his local warehouse-cum-art gallery, Artisan Works. But Perticone’s restaging plans hinged on space, funds-and on getting Midtown’s hallmark Clock of the Nations. In ...

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