News: Brokerage

TAYLOR, Empire and LaBella contracted for Grace Watson Hall at Rochester Insitute of Technology

Rendering, dining hall at Grace Watson Hall at Rochester Institute of Technology

Henrietta, NY TAYLOR, a leading regional commercial general contractor, was awarded the contract for renovation and expansion to the existing dining hall at Grace Watson Hall, a.k.a. “Gracie’s.” TAYLOR is partnering with its small-projects firm, Empire Commercial Construction, and LaBella Associates on the design and construction of the 12,000 s/f project at Grace Watson Hall on the center of the Rochester Insitute of Technology’s (RIT) main campus, located off Andrews Memorial Dr. Construction work is underway, with a project completion slated for August. The project cost was not disclosed.

“We are proud to continue the impressive growth and improvement of facilities at one of the top universities in the nation,” said TAYLOR president, Karl Schuler. “Following the renovations by TAYLOR and Empire, the serving area will allow RIT to expand and diversify their menu, and continue a long-standing commitment to providing an unsurpassed on-campus experience for students and faculty.”

The dining hall is the largest on the University’s 1,300 acre campus and serves thousands of students daily. The project encompasses a large commercial kitchen and adjacent serving stations. New finishes and lighting will refresh the identity, and walls have been replaced with glass stanchions wherever possible. The new layout captures additional staging areas for deliveries and carts, while improving efficiency and sight lines throughout. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

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.
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