News: Brokerage

Empire nears completion of 7,600 s/f build out for D1 Training

Rendering, 25 Parce Avenue and 75 North Main Street - Fairport, NY

Fairport, NY Empire Commercial Construction, a retail-specific company of regional general contractor Taylor–The Builders, is completing construction of the new D1 Training location at the redeveloped century-old factory building that once held the American Can Co. The redevelopment is being led by Rochester-based Donohoe Management, with leasing directed by Caliber Commercial Brokerage. Empire and Interior Architects teamed for design and construction of the 7,600 s/f interior tenant build-out located at 25 Parce Ave. and 75 North Main St. Completion is anticipated for later this month.

“It’s an honor having the opportunity to team up with D1 and offer community members and athletes access to top notch training and PT in a nationally recognized program,” said Jayne Penepent, president of Empire Commercial Construction. “Providing community members and professional athletes a mutually beneficial space to train really shows the diverse, one-of-a-kind atmosphere D1 Training provides.”

The new facility features the same synthetic turf and weights used by professional and collegiate sports teams, ensuring that its members have the best equipment in the industry. Multiple seating options for viewing will exist, as well as locker rooms, retail centers and other customized perks for visitors/participants to enjoy.

“Canco,” established in 1908, was the backbone of the community’s industrial growth through the late 1980’s. The Historic Cannery project overall features significant improvements to the exterior, including construction of a 6,780 s/f elevated boardwalk to provide direct pedestrian accessibility to all building tenants. Further demolition, abatement and renovations of the 61,000 s/f created several new tenant spaces, rooftop deck, loading dock area, courtyard and over 200 parking spaces.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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