Sibley Mixed-Use (2016)

Rochester, NY

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NMTC Amount: $30,112,500

Est. Total Project Cost: $54,509,650

COMMUNITY IMPACT

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-square-foot 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).

Project Map