News: Brokerage

City of Rochester completes $1.3 million West Main St. revitalization project

Mayor Robert Duffy joined the Department of Environmental Services commissioner Paul Holahan, neighborhood and business leaders to celebrate the completion of the West Main St. revitalization project in the Susan B. Anthony neighborhood. The streetscape enhancements were designed to improve public infrastructure and encourage redevelopment of underutilized properties. The streetscape project, which was completed this summer, supports safe and easy access to neighborhood businesses from a formerly vacant city parking lot, which has been landscaped. In addition to linking businesses with customer parking, a new miniature park provides residents with a gathering spot. The project also features inlaid crosswalks and pavement enhancements. Funding for the $1.3 million project was secured by assemblyman David Gantt ($250,000), and the city ($1 million).
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,