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Costello firm shifts roles, its structure

By ANDREA DECKERT - 5/31/2013

Leadership and organizational changes will occur this week at Anthony J. Costello & Son Development LLC, adding business units as its founder transfers some management duties to his son.
 
Anthony Cos-tello said that son Brett is being promoted to head two units.
 
Brett Costello, previously president of Anthony J. Costello & Son Development, succeeds his father as CEO of USAirports and assumes the title of CEO for the newly created Anthony J. Costello & Son Development Property Management.
 
Brett Costello will oversee the administration of Anthony J. Costello & Son Development Property Management, as well the operations of USAirports, which provides fueling, de-icing, aircraft maintenance and general fixed-base operator services at the Greater Rochester International Airport.
 
USAirports also provides cargo handling services at Hartsfield-Jackson Atlanta International Airport.
 
Anthony Costello will assume the title of chairman of the newly created Costello Group-the umbrella company for the Costello properties-while continuing as chairman and CEO of Anthony J. Costello & Son Development.
 
The changes take effect Saturday.
 
"It's Brett's time now," Anthony Costello said this week. "I'm looking forward to watching him grow the business and take it to another level."
 
Brett Costello said his immediate goal is to enhance and develop the Costello brand. Listening to and communicating with employees is crucial, he said.
 
Anthony J. Costello & Son Development started in 1982 with three employees, including Anthony and Brett Costello. Today, some 150 people work for the firm.
 
It ranked eighth on the most recent Rochester Business Journal list of real estate developers. The firm manages more than 2 million square feet of commercial space.
 
Brett Costello will remain in the office at the airport, where he will oversee roughly 130 of the firm's employees; Anthony Costello will move into temporary space at its Clinton Crossings property in Brighton with the remaining 20 employees.
 
Anthony Costello said he will immediately focus on developing the firm's CityGate and Reserve projects, with the next step being further development of the Clinton Crossings Corporate & Lifestyle Center, an 82-acre parcel intended for a mix of corporate, medical, restaurant and hotel space.
 
The company this month announced that it was moving forward with its CityGate project, a $250 million mixed-use development on 45 acres in the city. The real estate developer said Costco Wholesale Corp. has approved the site for its first membership warehouse club in Western New York.
 
Plans for the site also include additional retail and commercial space, as well as residential units, a hotel and a satellite transit center in partnership with the Rochester Genesee Regional Transportation Authority.
 
CityGate will complement the nearby Reserve on the Erie Canal, a $180 million residential community that Costello's company is building on the east side of South Clinton Avenue in Brighton.
 
Both Costellos said the organizational changes will allow the company to grow.
 
While Anthony Costello's role has changed, he is not stepping back from the business.
 
"I still enjoy what I do," he said. "I feel like I've never worked a day in my life."

5/31/13 (c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.