Costanza Enterprises Inc. plans to renovate four upper floors of the Temple Building into 28 loft-style apartments, the latest redevelopment of the 13-story downtown structure.
Temple Building LLC was granted sales taxes exemptions of $41,600 for the $1.3 million project Tuesday by the County of Monroe Industrial Development Agency at its monthly meeting. The benefit to the community is projected to be $76,213, COMIDA representatives said.
The entity received tax breaks in 2002 for a $2.1 million project that transformed 145,000 square feet at the Franklin Street building into 40 lofts and a 55-car underground parking garage. A second phase, approved by COMIDA in 2010 with a project cost of $400,000, resulted in 10 more units.
The upcoming project will result in one new job.
Wegmans Food Markets Inc. was approved for property tax breaks totaling $713,388 for an $8.1 million addition adjacent to its Culinary Innovation Center on Fisher Road in Chili.
The new 12,000-square-foot building will house the grocery’s specialty cheeses as they mature. The community benefit will be more than $1.75 million, COMIDA said.
Wegmans, which employs 9.154 in Monroe County, plans to add seven jobs over three years.
Classic Automation LLC was approved for tax breaks of $22,544 for a $352,000 move to a 41,000-square-foot facility on Salt Road in Webster from Monroe Avenue. The projected community benefit is $60,722.
A provider of surplus industrial control parts, products and services, the company employs 18 and expects to add two jobs within 12 months.
O’Connell Electric Co. Inc. was granted sales tax breaks of $7,244 on equipment purchases totaling $90,550 for its offices on Systems Road in Henrietta. The community benefit is estimated at $37,618.
The company expanded into Monroe County in 2010 after purchasing and renovating the Henrietta property. It employs 12 in the county and expects to add one job within two years.
(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email email@example.com.