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 Investment Property Realty Group (IPRG) closed the sale of 343A Tompkins Ave., a mixed-use building located in the Bed-Stuy section of the borough, for $1.97 million.
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