News:
Brokerage
Posted: October 11, 2022
TAYLOR awarded contract for Tesla facility
Henrietta, NY TAYLOR has been awarded the construction contract for the new Tesla service, education, and vehicle display center. TAYLOR is teaming with Rochester Motors NY LLC, a joint venture of Truett Realty Group (TRG) and JBL Development, for a conversion of the former York Furniture Gallery into the eventual 30,000 s/f location at 3535 W. Henrietta Rd. Completion of this new facility will prompt the relocation of its current operations from 3300 W. Henrietta Rd.
“We are proud to establish a relationship with Truett Realty Group and JBL Development to help deliver the new Tesla service, education and vehicle display center to the Rochester market,” said TAYLOR president, Karl Schuler. “As one of America’s favorite electric car models, TAYLOR looks forward to being a small part of Tesla’s mission to accelerate the world’s transition to sustainable energy.”
The new Tesla facility will occupy 30,000 s/f of the original 50,000 s/f that the former York Furniture Galley was comprised of, with 20,000 s/f being demolished to make room for the new façade as well as the expanded 162-space parking area in front of and around the entire building. The remaining interior will be fully renovated for a service department, featuring 14 vehicle lifts, dedicated parts & storage area, wash bay, customer lounge, and limited showroom.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Quick Hits
Columns and Thought Leadership
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
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
