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Rochester, NY (2016)

Sibley Mixed-Use

Iconic Rochester, NY building gets wholesale landmark makeover

Investment

  • NMTC Amount: $30,112,500
  • Total Project Cost: $54,509,650

IMPACT

  • 43 FTE jobs
  • 348 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.
  • 1,000,000 sq. ft. of real estate

Investor

Project Description

The Sibley Building in Rochester, N.Y.–once the largest department store between New York City and Chicago–is being reborn as Sibley Square. Boston-based WinnDevelopment is renovating the 1-million sq. ft. property with a variety of financial sources, including equity from low-income housing tax credits (LIHTCs), new markets tax credits (NMTCs) and federal and state historic tax credits (HTCs).

MAP

Address: 250 East Main Street, Rochester, NY 14604

Census Tract: 36055009400

Related Projects

Chicago, (2014)