News: Brokerage

Renovations to Fairport Apartments complete-104-unit apartment campus

The renovation of Fairport Apartments, located at 1030 Whitney Rd., is complete. The facility underwent extensive rehabilitation inside and out, including improvements to the roof, siding and windows, as well as the installation of platform lifts to facilitate access to the second floor. There is extensive wheel chair access in the interior of each apartment, including roll-in showers in the larger units. This work modernized the apartments, including the implementation of a more functional floor plan. Constructed in 1972, this 104-unit apartment campus was redeveloped by the Fairport Baptist Home, Rochester's Cornerstone Group, Ltd., and Perinton Churches Housing, a consortium of 13 local churches concerned about senior housing. The complex remains affordable for those 62 and over. A ribbon cutting ceremony was held in the community building. Dignitaries attending and speaking include Monroe county executive Maggie Brooks, assemblyman Sean Hanna, assembly district 130; James Smith, supervisor, town of Perinton; Fritz May, mayor, village of Fairport; Lenny Skrill, director, Upstate Capital Projects, NYS Division of Housing & Community Renewal.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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.