RETAIL OPPORTUNITIES ROCHESTER, NY
ROCHESTER, NY AT A GLANCE STRATEGIC LOCATION: CLOSE TO ALL MAJOR NORTHEAST MARKETS The Greater Rochester, NY region is located within 500 miles of one-third of the U.S. and Canadian populations. This puts Rochester within a day’s drive of 128 million customers in major markets, such as New York City, Boston, Philadelphia and Toronto, without the major-market costs of doing business.
1.2 MILLION POPULATION OF THE GREATER ROCHESTER, NY REGION
More than $900 million is being invested to transform the City of Rochester. This metro makeover includes development of housing and commercial real estate, transformation of the former inner loop to allow people to easily walk and bicycle between neighborhoods and Downtown, renovation of the public market, and development along the Genesee River, which is attracting the people fueling the city’s renaissance.
AVERAGE COMMUTE (NAMED KIPLINGER’S “BEST CITY IN THE U.S. FOR COMMUTERS”)
5 MILLION DOWNTOWN VISITORS ANNUALLY
EXCEPTIONAL QUALITY OF LIFE The region has an exceptional quality of life, measured by a variety of factors including access to cultural amenities, affordable cost of living, excellence schools, stable weather, and an environment in which to raise a healthy and educated family. Rochester is also one of the least-congested cities in the U.S. Rochester, NY is the “most affordable major housing market,” not just in the US, but globally.
$922 MILLION CURRENTLY BEING INVESTED IN DOWNTOWN DEVELOPMENT
7TH “BRAINIEST” LARGE METRO IN THE NATION (OUTRANKING PLACES SUCH AS AUSTIN, TX AND SILICON VALLEY)
Central Rock Gym will open by the end of this year at the southeast corner of the development. The 20,000 square foot facility features 45-foot-tall climbing areas and 300 linear feet of bouldering wall. Central Rock Gym operates thirteen locations in the northeast. Mindex Technologies will open in 2019 within a new 48,000 square foot mixed-use building at the northwest corner of the site. A Rochester Top 100 Company, Mindex employs over 100 people, providing project management consultation.
PROJECT HIGHLIGHTS • • • • • • •
Seeking First Floor Retailers for Mixed-Use Buildings Retail Anchor // Central Rock Gym // Opening 2018 Office Anchor // Mindex Technologies // Opening 2019 Ground Floor Retail: 1,500 - 11,000 SF Contiguous Available 200+ Apartments Build-to-Suit Opportunities DEMOGRAPHICS 2017 1 mile New Parking Garage
Average HH Income
Traffic Count 2015 11,876
ALEX PARK // DOWNTOWN
Alex Park is a development taking place on a sixteen-acre site at the gateway to Downtown Rochester, NY on Alexander Street. The first phase of the mixed-use project involved redevelopment of a 400,000 square foot former hospital campus into offices and retail, along with the new construction of an 80,000 square foot Class A office building (fully leased) with ground floor and stand-alone retail. Ground-breaking in Spring 2018, Phase Two of the project offers new retail and office opportunities in addition to the construction of modern apartments, including micro-units.
Retailers at Parcel 2 become part of an exciting pedestrian-only walkway between this building and Tower280, a unique opportunity for outdoor café seating, sidewalk sales, and artistic window displays. This walkway hosts the annual Midtown EATS festival – a multiweek summer event that draws over 8,000 foodies to sample unique offerings from some of Rochester’s most innovative chefs and restaurants.
PROJECT HIGHLIGHTS • • • • •
1,000 - 8,100 SF Ground Floor Retail Availabilities Class A Offices Luxury Apartments on Upper Floors 1,700-Car Underground Parking Garage 7,000+ Daytime Employees within One Block
Average HH Income
Traffic Count 2015 23,138
Parcel 2 is a .7 acre development site in the middle of the Central Business District of Downtown Rochester. The surrounding mixed-use district serves residents, shoppers and businesses with a wide variety of amenities and entertainment. A new six-story mixed-use building will include ground floor retail, Class A offices, and luxury apartments.
NGI UN POSTO A TAVOL A
.IT ALIAN CUISINE.
NATIONAL RESTAURANT OPENING IN 2018
Since its completion in 2015, Tower280 has celebrated numerous milestones including a record-breaking residential lease-up, ribbon-cuttings for several large office users on the second and third floors, the opening of its first restaurant, Branca Midtown, and a coveted Excellence in Redevelopment award from the Urban Land Institute New York. An Allstate office opened at the end of 2017. A fast-casual restaurant, Original Grain, will open this year in the southwest corner, serving bowls, smoothies, avocado toasts and nori wraps in a funky atmosphere. A national anchor restaurant will open by the end of this year as well.
PROPERTY HIGHLIGHTS • • • • • •
181 Contemporary Apartments // $145,000+ Avg. Unit Income 90,000 SF of Fully Leased Class A Offices 400 On-Site Office Workers 39,000 SF of Ground Floor Retail // 3,538 - 9,936 SF Available Contiguous 1,700-Car Underground Parking Garage 7,000+ Daytime Employees within One Block DEMOGRAPHICS 2017
Average HH Income
Traffic Count 2015 8,145 (23,138 SOUTH CLINTON AVENUE)
Tower280 is a vibrant, mixed-use tower in the heart of downtown Rochester. The monumental redevelopment project paved the way for downtown Rochester’s renaissance. Tower280 now serves as the backdrop for countless highly attended festivals and events throughout the year, and boasts a 96% residential occupancy rate.
OAK HILL COMMONS
ROUTE 31 // 33,000 CARS DAILY
MONROE CLOVER PLAZA
OAK HILL COMMONS 2,000 SF
8'-6" MEN'S OFFICE 18'-11"
MONROE CLOVER PLAZA 4,940 SF END CAP
PRIVATE OFFICE #1
PRIVATE OFFICE #2
PRIVATE OFFICE #3
RECEPTION / WAITING
Located at the corner of Monroe Avenue and Clover Street, Monroe Clover Plaza and Oak Hill Commons offer extremely high visibility with over 33,000 cars daily. Just down the road from the flagship Wegmans grocery store and seconds to the I-590 on ramp, this location boasts an average household income of over $135,000 within one mile. Monroe Clover Plaza has a 4,940 square foot desirable end cap with excellent visibility becoming available August 1, 2018. Co-tenants include Eye Openers, Pet$aver, and Mann’s Jewelers. The plaza is adjacent to the popular Monroe’s Restaurant. Oak Hill Commons is a 21,000 square foot, multi-building boutique retail strip with on-site parking. Tenants within the complex include State Farm and Huntington Learning Center. The plaza is currently offering 2,000 square foot spaces suitable for retail/office.
PROPERTY HIGHLIGHTS • • • • •
Affluent Suburb of Rochester, NY Surrounded by Restaurants and Retail, including Wegmans 2,000 - 4,940 SF Contiguous Available Daily Traffic Count over 33,000 Average HH Income $135K within 1 Mile
Average HH Income
Traffic Count 2015 33,152
3/4 WALL BEHIND RECEPTION DECK
PRIVATE OFFICE #4
LYELL AVE // 18,000 SF WAREHOUSE 8,000 SF RETAIL FACADE
STEADY HAND TATTOO
1029 Lyell Avenue is targeted for retail redevelopment. The 8,000 square foot space offers great frontage, 20’ ceilings, and plentiful on-site parking. An 18,000 square foot warehouse space is also available behind the retail facade.
PROPERTY HIGHLIGHTS • • •
15,000+ Cars Daily Surrounded by Urban Retail Anchors 1,240 - 26,000 Contiguous SF Available
Average HH Income
Traffic Count 2015 15,509
LY E L L A V E N U E //
Availability at Citygate Plaza (1460 Lyell Avenue) ranges from 1,240 to 1,490 square feet. Anchor tenants include Subway and Domino’s. The plaza is adjacent to Lyell Shopping Center, anchored by Family Dollar, Rainbow, Cricket Wireless, and H&R Block. There is ample free parking in both the front and rear of the building.
Lyell Avenue (NY-31) is a highly traveled commuter and truck route connecting the City of Rochester, NY to western suburbs. Buckingham is offering multiple retail opportunities within Citygate Plaza and 1029 Lyell Avenue.
WHO WE ARE Buckingham Properties is a real estate developer and property management company located in Rochester, NY with a diverse portfolio of over ten million square feet.
Buckingham offers in-house design and construction services, and the entire portfolio is maintained with an in-house property management team focused on exceptional customer service.
10+ MILLION SF PORTFOLIO
IN-HOUSE DESIGN & CONSTRUCTION TEAM
RICHARD FINLEY, CPA President & Chief Operating Officer Partner (585) 287-5851 RFINLEY@BUCKPROP.COM
COURTNEY JANTO Leasing & Tenant Relations (585) 287-5850 CJANTO@BUCKPROP.COM
DIANA WILLIAMS Leasing & Tenant Relations (585) 471-5822 DWILLIAMS@BUCKPROP.COM
ON-SITE PROPERTY MANAGEMENT TEAM
VOTED ROCHESTER’S #1 COMMERCIAL REAL ESTATE FIRM
Buckingham is at the forefront of Rochester’s changing landscape, known for the successful completion of several complex urban redevelopment and adaptive reuse projects.
The Cub Room: An industrial-style tavern featuring upscale seasonal cuisine and elevated cocktails. Located at the “Edge of the Wedge,” this redevelopment project in Rochester, NY was completed by Buckingham Properties in 2015.
Real Estate...Remid. ∙ (585) 295-9500 ∙ www.buckprop.com