News: Brokerage

City of Rochester issues Request for Proposals for the sale and redevelopment of 116 West Main St.

According to mayor Robert Duffy, the city issued a Request for Proposals (RFP) for the sale and redevelopment of city-owned property located at 116 West Main St. The city is seeking proposals from qualified development teams for the redevelopment of the 1.5-acre parcel, which is currently used as a surface parking lot. This parcel represents a major real estate development opportunity along West Main St. and North Plymouth Ave., within the Inner Loop. The city intends to select a plan that increases the tax base, provides a mix of uses compatible and complementary with existing neighbors; employs construction and development methods that promote environmental sensitivity and sustainability; and includes high quality designs that improve the public realm. The deadline for submitting proposals is 4:30 p.m., Dec. 21. Proposals should be sent to: Department of Neighborhood and Business Development, 30 Church St. Room 005A, Rochester, N.Y., 14614. "The development of this prominent site is highly anticipated within the downtown community," said Duffy. "Nearby Buckingham Commons and development within the Cascade District have already created significant revitalization momentum in this area and the development of 116 W. Main St. will continue that momentum." The deadline for submitting proposals is 4:30 p.m., Monday, Dec. 21. Proposals should be sent to: Department of Neighborhood and Business Development, 30 Church St. Room 005A, Rochester, N.Y., 14614. Visit http://www.cityofrochester.gov/bidandrfp.aspx to view the RFP and associated resources on the city's website. Hardcopies of the RFP are available upon request by contacting Richard Rynski at (585) 428-6932, or by email at [email protected].
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking