News:
Spotlight Content
Posted: November 12, 2024
Developing Rochester:
Marketplace Senior Apartments
Henrietta, NY Cornerstone and Genesis Housing Development Corp. are co-developers for Marketplace Senior Apartments, a newly constructed 150-unit senior supportive housing building. It is located on the Marketplace Mall campus in the Town of Henrietta and is close to services and amenities. The building is all-electric and will be highly energy efficient, with features such as a fourth-story patio/balcony overlooking the entire site, large community rooms with kitchenettes, exercise rooms, laundry rooms, covered entrances and leasing office for community manager and service providers.
Unit amenities include kitchen with dishwashers, living/dining room, master bedroom with walk-in closet, hall closet, bulk storage, Energy Star/NYSERDA, central air and roll-in showers. Marketplace Senior Apartments is in very close proximity to shopping centers, healthcare facilities, bus stops, and grocery stores. U of R Orthopedics is across the street among many retail stores and Wegmans. The building is part of a bigger story to revitalize the Marketplace Mall as a town center and regional asset for decades into the future.
Project Info:
Project Title Marketplace Senior Apartments
Project Location Henrietta, NY
Property Type Senior Affordable/Supportive
Project Type New
Total Square Footage 150,000 s/f
Year Started December 2022
Completion Date July 2024
Project Team:
Architect SWBR Architects
Developer Rochester’s Cornerstone Group, Ltd. and Genesis Housing Dev. Corp.
Civil Engineer BME Associates
Property Management Cornerstone Property Managers, LLC
General Contractor Pike Residential Construction
Green Building Consultant Sustainable Comfort, Inc.
Legal Counsel Cannon Heyman & Weiss, LLP
Mechanical Contractor Kennedy Mechanical
Plumbing Kennedy Mechanical
Financing/Lender Raymond James and JP Morgan Chase, Tax-Exempt Bonds, NYS SHOP capital funds, NYS Clean Energy Initiative funds, Private Equity, HUD financing
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Western NY
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