News: Brokerage

Rochester's Cornerstone Group breaks ground on $5.5 million project

Seneca Manor, developed by Rochester's Cornerstone Group, Ltd., TRA Development and Arbor Development (formerly Steuben Churchpeople Against Poverty), an affordable 32-unit apartment project on Seneca Rd. broke ground this week. The project includes 12 one-bedroom units, 16 two-bedroom units and four three-bedroom units. The units are for well-elderly, working families with children, and physically disabled individuals who require handicapped accessible units. LECESSE Construction is the general contractor. The $5.5 million project was designed by Zausmer Frisch Scruton & Aggarwal and Arbor Development will manage the property. The project is being financed by partners including USDA Rural Development, NYS Division of Housing and Community Renewal Housing (federal low income housing tax credits and federal stimulus funds), Federal Home Loan Bank and Five Star Bank.
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.
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
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