4 www.minorityreporter.net |JANUARY 6 - 12 | 2014
LOCAL
Midtown Tower Site Renamed “The Tower at Midtown”
Midtown Tower will now be called
“The Tower at Midtown” after the City
transferred the title to Midtown Tower,
LLC, a partnership of Buckingham
Properties and Morgan Management.
“The redevelopment of the Tower at
Midtown is truly transformative for
Downtown and the entire region,” said
Mayor Thomas Richards. “Prior to the
Midtown Rising project, the Midtown
Plaza and Midtown Tower had been
vacant for all intents and purposes. This
will breathe new life into our Center
City, bringing with it new residents and
commercial development.”
The $59 million redevelopment
project, now known as The Tower at
Midtown, will create a central point
of commercial and retail, office and
residential activity and is one of the
centerpieces of the Midtown Rising
redevelopment project. It will create
29 new permanent jobs, retain 316
permanent jobs and create 200
construction jobs. The project will
get underway in spring 2014 and is
comprised of 179 residential rental
units and approximately 160,000
square feet of commercial space on
the first three to five floors of the
Tower and the former Plaza area.
“Our redevelopment of The Tower
at Midtown is one of the most
exciting opportunities that has ever
been presented to Buckingham
Properties. It represents over a year
of very hard work by City officials,
engineers, architects, and our private
development group,” said Buckingham
Properties CEO Larry Glazer. “The
opportunity to transform an entire
neighborhood and raise it to new
heights does not occur very often. We
are pleased and honored to be part of
this opportunity. We are most grateful
to the City of Rochester and the staff
we have worked with to make this
idea a reality. Two years from now, it
will be hard to remember the skeletal
remains that exist today.”
Buckingham Properties owns and
manages more than 50 properties
comprising over 9 million square feet
and has a successful history of redevelopment and adaptive re-use of
existing properties.
Morgan Management, based in
Rochester, has extensive experience
in the ownership and management of
high quality, residential communities,
owning and operating a residential
and commercial real estate portfolio
since 1976.
“We are excited about the revitalization
of the Tower at Midtown for what it
represents for Downtown Rochester,”
said owner Robert Morgan. “We f VV