Blue Ribbon Developments - June 2012


Academy Building Announcement 

Academy Building: June 28, 2012

The 36,500 square foot Academy Building, 13 S. Fitzhugh St., represents a significant investment in Center City and will result in the addition of new residential units and commercial/retail businesses to this part of Downtown. The project consists of the rehabilitation and conversion of the building into a mix of residential and commercial units. The primary target market for the Academy Building apartments includes young professionals and empty nesters. On-site amenities for residential tenants will include a washer and dryer in every unit, a fitness room, storage space, a monitored security system and parking.

The total investment in the Academy Building rehabilitation project will be approximately $5,870,000 of which $800,000 is being funded with a Restore New York grant through the NYS Empire State Development Corp. The City is providing Fitzhugh Associates LLC with a $700,000, 24-month construction loan and other funding sources have been secured for this project. Read more.



Rochester Schools Modernization Program: June 26, 2012

Mayor Thomas S. Richards joined Superintendent Bolgen Vargas and other officials at Helen Barrett Montgomery School 50, 301 Seneca Ave., to celebrate the first groundbreaking for the Rochester Schools Modernization Program. The program is a three-phase plan to update and improve school facilities, and will span 15 years and cost approximately $1.2 billion, making it the largest public project in Rochester's history.

The program is expected to infuse $325M into the local economy during Phase 1. Read More



Premier Sign Systems: June 21, 2012

Premier Sign Systems, 10 Excel Drive, was founded in 2004 by Jeffrey Sherwood to supply, install and service signs for area businesses. The business started with two employees and has grown to 21 employees since then.

More than $850,000 has been invested in this project. The City assisted Premier Sign Systems with funding and the project site is located within a Federal Renewal Community Zone. Premier Sign Systems created three new jobs as part of the relocation and expects to add another three to six jobs in the coming years. Read more.



Public Market Bridge/Trail Improvements: June 21, 2012

Built on an abandoned CSX railroad trestle constructed between 1904 and 1906, the bridge safely and quickly connects Public Market parking lots west of Union Street with the Market grounds. Prior to construction of the bridge, shoppers had to traverse a busy Union Street. to access the Market from these parking lots. The Market Shuttle will use this new bridge as well.

The total cost for the project was approximately $1.3 million. Read more.



El Camino Estates Phase II: June 14, 2012

El Camino Estates Phase II includes the construction of 25 family rental housing units on clustered sites located near the El Camino Trail in the 14621 Neighborhood. The City contributed $500,000 towards the $6.2 million project, which broke ground in June.

El Camino Estates is part of broad revitalization plan that includes a neighborhood planning process initiated by the Ibero-American Development Corp. with nearly a dozen participants. Read more



Regus Center: June 7, 2012

Regus is the world’s largest provider of flexible workplaces, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the world’s largest network of video communication studios. Regus was founded by Mark Dixon in Brussels, Belgium. Demand in Upstate New York for flexible working space prompted Regus to invest in the Rochester market at 510 Clinton Square in 10,000 square feet of completely renovated space. Read more.



New York Trailways: June 5, 2012

The grand opening of New York Trailways at 186 Cumberland St. in Downtown marks the successful completion of Trailways’ move from the former Midtown Plaza, where it was the indoor mall’s first tenant in 1962. The bus company has operated in Downtown since the mid 1920s. 

Trailways will be located at this interim terminal until it can relocate to a permanent facility at the proposed high-speed Amtrak Rail Station. The City provided $1.4 million for the relocation, and 40 jobs were retained with the relocation. Read more.