Rochester, NY – WinnCompanies, a Boston multifamily developer and property manager, recently celebrated the opening of 104 workforce apartments inside Liberty Lofts at Sibley Square in Rochester, N.Y. The $23.6 million project marks the completion of a four-year effort to redevelop a portion of the historic 1.1 million-square-foot building as housing for families and individuals of all incomes.
The apartments at Liberty Lofts serve a diverse income range and include units that specifically target middle-income individuals and families whose incomes are too high to qualify for traditional affordable housing programs.
Liberty Lofts brings the number of apartments created at Sibley Square to 280 since June 2016, when WinnCompanies first secured the financing for an innovative, historic adaptive reuse redevelopment that has transformed the 116-year-old building into a vibrant mixed-use, mixed-income anchor for downtown Rochester.
Liberty Lofts now occupy 350,000sf square feet of the property, joining Landmark at Sibley Square, a 72-unit apartment community for renters ages 55 and older, and Spectra at Sibley Square, a 104-unit mixed-income community.
The $23.6 million project was designed by The Architectural Team of Chelsea, Mass. and built by DiMarco Constructors of Rochester, N.Y.
In addition to the residential portion of the building, Sibley Square boasts more than 400,000sf of class A office space; 75,000sf of retail space; and 68,000sf on the 6th floor..