Rochester, NY – WinnCompanies has completed The Landmark at Sibley Square in Rochester, a $28.5 million project to create 72 units of housing affordable for residents 55 and older. The Landmark’s opening, on floors 7 and 8 of the 1.1 million sf building, adds more momentum to the $200 million transformation of Sibley Square to include modern housing for all income ranges.
Commercial space is currently for lease within the building including 75,000sf of retail space and 400,000sf of office space, including available shared co-working space within @SibleyWorx.
The Sibley redevelopment is the largest active mixed-use, mixed-income project in WinnCompanies’ development portfolio. Significant milestones have included the completion of 104 market-rate Spectra at Sibley Square apartments on floors 9-12 already at 80% occupancy. Leasing demand underscored the opportunity for additional housing within the building, and Floors 3-5 have recently been approved for workforce housing with construction scheduled to begin in 2018.
In February 2018, the NextCorps incubator for high-tech start-up companies moved into its 40,000sf space on the building’s 6th floor. Additionally, The Commissary – a kitchen incubator that provides the certified commercial kitchen and equipment necessary to economically start a food business – begins development in 2018.