News: Brokerage

Rochester seeks RFP for Midtown Plaza Tower

According to mayor Robert Duffy, city has issued a Request for Proposals (RFP) for the sale and adaptive reuse of the Midtown Plaza Tower building. The city is leaving open the possibility that a private developer could make use of the tower, but also realizes that it may not be part of the final development. The 207,000 s/f building encompasses 20,000 s/f of land area along Broad St., S. Clinton Ave. and Chestnut St. It sits atop a 1,844-space, three-level underground parking garage. The tower is at the epicenter of the Midtown Rising development district, which encompasses 9.9 million s/f of office space and is scheduled for $750 million worth of improvements. The city will not consider proposals that will leave the tower in a deteriorated, incomplete or substantially unoccupied condition and the proposals must show that the redevelopment can be completed within a reasonable and established time frame of the overall Midtown demolition schedule. There will be informational meetings and a tower showing related the RFP at Midtown Plaza, Thurs., Jan. 15, 2009. The tower will be open for inspection by interested developers only immediately following the informational meetings until 2 p.m. Interested parties must register for attendance by 4 p.m. Jan. 14, 2009. Contact Susan Lindsay at (585)428-6407, or email her at [email protected]. Admittance to the property may be prohibited if not registered as required.
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