News: Brokerage

TAYLOR, the Builders awarded contract to redevelop Fairport site; redevelopment led by Donohoe Management

Fairport, NY TAYLOR, the Builders, a leading regional commercial general contractor, was awarded the construction contract to redevelop the existing century-old factory building that once held the American Can Co. “Canco,” established in 1908, was the backbone of the community’s industrial growth through the late 1980’s. 

The redevelopment is being led by Donohoe Management, with leasing directed by Caliber Commercial Brokerage. Taylor and Hanlon Architects are working to design and renovate The Cannery – a 61,730 s/f mixed-use retail and commercial development and façade renovation at 25 Parce Ave. and 75 North Main St. Construction work is underway, with tenants opening soon.

“Taylor is excited to work with Caliber and Donohoe Management to modernize this historic site to create a dream space for future tenants and residents to enjoy in the beautiful Fairport community,” said Taylor president, Karl Schuler. “This is another important chapter in the history of the Village’s successful growth, an expansion of thriving business and commerce.” 

The Cannery project will feature improvements to the exterior, including construction of a 6,780 s/f elevated boardwalk to provide direct pedestrian accessibility to all building tenants. Further demolition, abatement and renovations will create several tenant spaces along the first floor, rooftop deck, loading dock area, courtyard, patio, landscaping, sidewalks and over 200 parking spaces. The Cannery holds potential for a variety of businesses to occupy the refreshed space, such as a dance studio, entertainment space, restaurants, fitness spaces, sports training facility, offices, cafes and more. 

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
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
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.
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,