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Conflict over Whole Foods development continues in and out of court
The Daniele Family Cos. recently knocked down the old Mario’s restaurant on Monroe Avenue in anticipation of a Whole Foods grocery store development, but arguments are to be heard in Monroe County Supreme Court this week on a motion to prevent further demolition. The motion stems from one of several lawsuits filed in the last […]
New downtown restaurant, housing facility near RIT awarded county tax breaks
REDD, a restaurant planned for the downtown space once occupied by 2 Vine, has been granted a JobsPlus Property Tax abatement and a sales tax exemption on construction materials, equipment, furniture and fixtures. The tax breaks were approved by Imagine Monroe, which operates to preserve and create new jobs in the county. Imagine Monroe also […]
Garwood named CEO of Home Leasing
A succession plan two years in the making came to fruition this week at Home Leasing when founder Nelson Leenhouts stepped out of the command chair and handed the leadership reins to Bret Garwood. Garwood on Monday was promoted from chief operating officer to CEO of Home Leasing, the prominent, Rochester-based real estate development, property […]
Genesee County Economic Development approves tax breaks for two businesses
Expansion and/or improvement projects by Gateway GS LLC and Tenney Coin Laundry were approved for incentives by the Genesee County Economic Development Center (GCEDC) on Thursday. Gateway GS has plans to invest $450,000 to build out the interior of an existing 27,000-square-foot spec building that the company built in 2018 at Gateway II Corporate Park […]
As interest rates have inched upward, CRE loans are still attractive
The commercial real estate market may encounter only speed bumps in 2019, thanks to a more tempered approach to interest rate hikes by the Federal Reserve, lenders and brokers say. While there isn’t a lockstep correlation between a fluctuating prime interest rate and commercial real estate borrowing, increases nonetheless have a ripple effect for developers […]
Ground broken on Oakwood Hills community in Batavia
Construction is underway on Oakwood Hills, a Ryan Homes development in Batavia that will feature 56 single-family houses. Homes in the new residential community on the city’s east side will range in size from 1,483 square feet to 2,190 square feet, and figure into Genesee County’s Smart Growth development plan. A 2018 market analysis identified […]
Homebuilder confidence in Northeast dips in February
Homebuilders in the Northeast aren’t as bullish on the market for newly built single-family homes as their counterparts across the country. The February National Home Builders Association/Wells Fargo Housing Market Index (HMI) showed a two-point drop from January in a survey of contractors in the Northeast, from 47 to 45. The HMI also fell 10 […]
Route 531 construction wraps up
The second and final phase of the $14 million Route 531 project in Ogden and Sweden has wrapped up, easing the flow of traffic along the redesigned highway. The project began in 2017 and was intended to create a more efficient and easier-to-navigate junction at Route 531, Route 36 and Route 31. The second phase […]
Monroe Avenue hotels will remodel, rebrand
Two Brighton lodging landmarks will be undergoing major makeovers in the next three months. The Comfort Inn at 2729 Monroe Ave. will become a Clarion Pointe, the new brand being unveiled this year by the Choice Hotels chain. The Brighton locale will be the debut hotel for the franchise. All of sixth-tenths of a mile […]
Dewey Avenue intersection receives APWA award
The realignment of Dewey Avenue and Driving Park Avenue has been named Project of the Year by the Genesee Valley branch of the American Public Works Association. The project, designed by Bergmann, won in the category of transportation projects less than $5 million. The City of Rochester received the award for the project. The intersection’s […]
At Sibley Square, it’s all about innovation, education and incubation
As renovation continues at Sibley Square, innovation, education and incubation are driving the occupancy rate for office and retail space in the storied downtown structure. WinnCompanies, a family-owned real estate development and management firm based in Boston, is immersed in the next phase of the project by recreating space on the first five floors of […]
M&T Bank secures nearly $4 million in affordable housing grants
Grants totaling nearly $4 million secured by M&T Bank will support the construction or rehabilitation of 428 affordable housing units in the Rochester area. The grants for five projects were obtained by M&T through the Federal Home Loan Bank of New York Affordable Housing Program, which provides funds to worthy projects that are backed by […]
