News: Brokerage

NYS, City of Rochester and PAETEC Holdings unveil plans for the nine-acre Midtown Plaza redevelopment project

The Midtown Rising project partners, NYS, the city and PAETEC Holdings, Inc. unveiled the development plans for the nine-acre Midtown site in the core of the downtown area. The plans were unveiled at an event hosted by the Rochester Downtown Development Corp. (RDDC) as part of their Repositioning Rochester series. In accordance with the State Environmental Quality Review Act (SEQR), the development plans were released in conjunction with a Draft Generic Environmental Impact Statement (DGEIS), a document describing and analyzing redevelopment alternatives and impacts for the site. Primarily an environmental review document, the DGEIS provides a fair summary of the development plan, including work that has been completed to date, underlying project goals, considerations and constraints, including various market conditions needing to be accommodated. The environmental review process provides an opportunity for comments from the public. The 40-day period for public review and comment will conclude on Friday, December 19. In addition, the City Environmental Commission will conduct a public hearing on December 2. Comments received within this 40-day period will be considered and responded to in the Final Environmental Impact Statement (EIS) anticipated for release in early February. "This is a genuine public-private collaboration that will benefit our city for generations to come," said mayor Robert Duffy. "It is extremely gratifying to witness the potential redevelopment alternatives come to life and we are hopeful that the public is as energized as we are to participate in a dynamic process that will make historic improvements to Rochester's Main St." The DGEIS is available for review on the Midtown Rising Web site at www.MidtownRochesterRising.com. Comments on the DGEIS can be submitted via e-mail to: [email protected].
MORE FROM Brokerage

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
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: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,