Rochester Area Chapter of NYSCAR holds 2014 Kick-Off Event, with Ruttenberg of Fairmount Properties
There were 85 attendees for the January 16th Rochester Area Chapter of NYSCAR Annual Kick-Off Event at Midvale Country Club. Randy Ruttenberg of Fairmount Properties gave RAC NYSCAR members and guests a presentation on the interworkings of the new College Town project that is being developed on the University of Rochester campus.
The University of Rochester selected Fairmount Properties to re-develop a 16-acre "Gateway" site at the front door of its 534-acre campus. The University of Rochester is one of the country's top tier research universities and the largest employer in a nine county area. This $87 million development will include street level retail and restaurants, all with outdoor patio space and sidewalks, a two-level bookstore and gourmet market, class A office space, residential units and a hotel with a conference center.
Fairmount Properties has completed 9 other University developments totaling 1.3 million s/f of mixed-use space and $253 million in total development cost. Ruttenberg oversees all of Fairmount Properties' new project initiatives, acquisitions, leasing, and marketing.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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