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Downtown development event draws nearly 500 attendees

Rochester Business Journal
February 14, 2017

More than 490 people attended the Rochester downtown development event Tuesday morning, part of the Rochester Business Journal Power Breakfast Series.

A panel of five spoke about downtown development and their roles in the area. The panel members were:

• Steve Dubnik, president and CEO of the Strong;
• Andrew Gallina, president of Gallina Development Corp.;
• Ken Glazer, managing partner of Buckingham Properties LLC;
• Thomas Masaschi, managing partner of DHD Ventures LLC; and
• Kevin Morgan, vice president of Morgan Management LLC.

Dubnik spoke of the Strong’s proposed $110 million expansion project at the site that is slated to include a hotel, parking garage, market rate housing options and urban retail space.

The organization and its partners are developing a site plan and working with the city to move the project forward, he said. 

The remaining panelists are area developers working on large projects downtown. They spoke about the need for housing in the center city. 

Glazer, who developed Tower280 with Morgan Management, and Masaschi, whose firm’s recent developments include the Residences at the Columbus Building on Chestnut Street, both said the residential units for each project are nearly full. 

Gallina expects to welcome the first residential tenants to the Metropolitan this spring, while work on Morgan’s Court Street Apartments project along the Genesee River continues to move forward, with construction slated for later year. 

While the residential units are a start, the panelists agreed downtown’s success will be tied to a mix of residential, commercial, retail and entertainment elements.

“I can see Rochester on the cover of a magazine in five years with the headline, ‘Here’s a city that did it right,’” Glazer said. 

The sold-out event took place at the Joseph A. Floreano Rochester Riverside Convention Center.

(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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