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Prominent developer Costello dies
Prominent developer Costello dies
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Anthony Costello, founder, chairman and CEO of The Costello Group and CEO of Anthony J. Costello & Son Development LLC, died March 13, 2016. (Photo by Kimberly McKinzie)
Anthony Costello, the developer behind massive local projects including CityGate and the Reserve on the Erie Canal, has died, his company officials said Monday.
Mr. Costello was the founder, chairman and CEO of the Costello Group and CEO of Anthony J. Costello & Son Development LLC.
Anthony J. Costello & Son Development started in 1982 with three employees, including Mr. Costello and his son, Brett Costello, who is CEO of Anthony J. Costello & Son Development Property Management.
Brett Costello also oversees operations of USAirports, which provides fueling, de-icing, aircraft maintenance and general fixed-base operator services at the Greater Rochester International Airport.
Anthony J. Costello & Son Development ranked sixth on the most recent Rochester Business Journal list of real estate developers. The firm manages more than 2 million square feet of commercial space.
The firm also owns the second-largest Class A office park in the area: the 830,000-square-foot Clinton Crossings Medical Center.
The company released a statement late Monday afternoon saying Mr. Costello defined the entrepreneurial spirit that is Rochester, describing him as one of Rochester’s great visionaries and entrepreneurs.
A lifelong Rochester resident, Mr. Costello used his vision to create successful aviation, real estate and publishing companies that “will leave a lasting legacy on the Rochester skyline,” it states.
Among its projects is CityGate, which is a $250 million mixed-use development on 45 acres in the city, that is anchored by Costco Wholesale Corp.
CityGate is near the Reserve on the Erie Canal, a $180 million residential community that Mr. Costello’s company built on the east side of South Clinton Avenue in Brighton.
Mr. Costello is survived by his wife, Elaine; son, Brett; daughters, Lynette, Alicia and Andrea; and 12 grandchildren.
(c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail [email protected].
