News: Brokerage

Cornerstone Group celebrates completion of Union Meadows II

Union Meadows II, developed by Rochester's Cornerstone Group, Ltd. and Providence Housing Development Corporation, is an affordable 42-unit apartment project constructed on Union Square Blvd. Each unit has an attached one car garage. A 2,200 s/f community building exists for the residents use. The project is 100% occupied. The units are designed for well-elderly with modest monthly incomes; working families with children; and physically disabled individuals, both elderly and family, who require handicapped accessible units. Five units will be handicapped accessible and two units accessible to visually and hearing impaired. Lifetime Assistance and Catholic Charities Community Services refer potential residents to these special need units. LECESSE Construction was the general contractor. The project was designed by SWBR Architects and Parrone Engineering. Providence Housing Development Corporation manages the property. The project was financed by partners including NYS Division of Housing and Community Renewal, Federal Tax Credit Assistance Program funds, Federal low income housing tax credits, Federal Home Loan Bank/M&T Bank, Monroe County, The Greater Rochester Housing Partnership, JPMorgan Chase Bank and WNC & Associates, Inc. Rochester's Cornerstone Group, Ltd. is a real estate development, consulting, brokerage and property management firm.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of