URBAN LIFE ||
Just recently, we've mentioned some changes coming to downtown's Washington Square Park Neighborhood.
RELATED POST: Signs of life: the next "HOT" neighborhood?
Believe it or not, BIG changes are coming to this area. Just released, the above picture shows a rendering of what is being dubbed by the developers as "Woodbury Place". Set in the downtown neighborhood located near Washington Square Park, Geva Theatre, and made up of a cluster of buildings formerly occupied by office interiors firm Merkel Donohue, the rendering gives a sneak peek as to how this corner and section of downtown could be transformed in the very near future. Will you be the owner of the BISTRO! or the CAFE on the corner of Woodbury and South Ave? Will you be a renter, owner, or some other type of business that occupies space in this complex?
Look, the work has already started...
....and new windows are being put in...
There is even word that Geva Theatre might be partnered in with the developers to use this space as live-in residences for their talented artists that come to town. Is there any truth to all of this?
Can you see the vision? Aside from the Park and a world-class theatre within steps of your door, places such as Dinosaur Bar-B-Que, the Rochester Central Library, Strong National Museum of Play, and the entire East End are within steps from this area.
There's no denying that our city is growing and changing. Downtown may very soon, once again, be the hub of Rochester. Will you be a part of it?
Press Release from 7/8/14:
DEVELOPMENT TEAM BEGINS PHASED CONSTRUCTION FOR WOODBURY PLACE
Historic Neighborhood within Downtown Rochester continues to be revived with new housing and commercial space.
July 8, 2014. Rochester, N.Y. – Property owner/investor Eduard Nakhamkin and developer Patrick Dutton are pleased to announce that construction has begun on the extensive infrastructure for a multi-phase development to be known as Woodbury Place.
The downtown property is located on a historic corner in the area known as Washington Square and bordered by Woodbury Blvd, South Avenue, Capron Street and St. Mary’s Place. With Geva Theatre Center on the East (originally constructed as the Arsenal Building in 1868) and St. Mary’s Church (1853) to its north, two years ago this area was injected with new energy with the introduction of condominiums and restaurant space at the Capron Street Lofts. The new Woodbury Place development will consist of five loft-style buildings formerly occupied by Merkel Donohue.
From 1958-2013 office interiors firm Merkel Donohue was headquartered in these buildings which housed Class A office space, warehousing space, shipping and receiving. The company’s operations ran entirely from this location. In January 2014 Merkel Donohue decided to leave the home that they had known for the past 45 years and relocated to premises on University Avenue.
Phase 1 of the project, currently underway and due to be completed by the end of 2014, includes the redevelopment of four out of the five buildings. They will be developed into a combination of 19 apartments and roughly 9,000 square feet of commercial space useable for retail, office, and many other neighborhood commercial uses. The redeveloped buildings will highlight the existing architectural features of the buildings but will also include modern, loft-style design with exposed brick, rooftop patios and gardens, refurbished wood and concrete flooring, and much more.
The development team is working on a final plan for the fifth, and largest, building. At 35,500 sq.ft., the remaining building onsite is the largest redevelopment opportunity remaining in the Washington Square Neighborhood. An announcement for this building will be forthcoming.
The project is led by property owner and investor Eduard Nakhamkin, a well-known, Russian-born former art dealer who currently resides in Miami, FL. Mr. Nakhamkin purchased the property 8 years ago and recognized the potential for this unique corner of Rochester to be rejuvenated. As Merkel Donohue relocated at the start of 2014, he teamed up with Patrick Dutton with Dutton & Company to develop the property and to deliver a state-of-the-art mixed-use redevelopment project.
“Rochester is a wonderful city, and I’m pleased to have such an excellent an opportunity to invest here,” says owner/investor Eduard Nakhamkin. “These buildings have incredible charm and character. We are excited this project is now underway.”
The development team also consists of Mossien Associates (architect), Luke Dutton of Dutton Properties (project manager) and Tim Poley of Blue Horizons Strategies (analyst).
For questions about the redevelopment project, please contact: