Developer Angelo Ingrassia’s transformation of the Sibley Triangle Building in downtown Rochester into commercial and residential space will receive $3 million in funding from the state of New York.
Some 70 projects across the state will share in $112.9 million through the Restore New York Communities Initiative.
Administered by Empire State Development, the program supports municipal revitalization efforts and encourages commercial investment to bolster housing stock and return properties to the tax rolls.
The state Department of Health is vacating the Sibley Triangle Building at the corner of East Main Street and East Avenue, WXXI reported earlier this year. The first floor will be renovated into commercial and/or retail space and 38 units of student housing will be created on the upper floors.
The building is listed on the National Register of Historic Places.
The Wayne County town of Lyons will receive $6.6 million for continuing upgrades in the Canal District. There will be demolition, deconstruction, reconstruction and rehabilitation of properties totaling 67,124 square feet, and 37 residential units will be created. Of those 25 will meet affordable housing requirements.
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