Hot development sites for post-recession Rochester

Despite the recession, downtown is experiencing a development renaissance. Over $700 million are invested in projects downtown. This number would be much higher if the recession did not take several projects out of the development pipeline. As the economy recovers it will become easier for developers to access credit to finance these projects. Rochester made national headlines as one of the few cities that endured the recession relatively unscathed. This reputation should attract capital from large banks looking for a secure market to invest in. When credit markets do open up, here are the hot development sites that will likely see the first dollars:

BLOCK F
Probably the hottest development site in the city outside of Midtown. This site has had many proposals but has faced opposition from Grove Place neighbors who want the development to blend with the neighborhood. Its location in the heart of the Eastman School campus makes the land very valuable.

 FRONT ST
This brownfield site is all that remains of Rochester's famed Front St. Despite clean-up costs its prime location on the river and in between popular St Paul and High Falls neighborhoods make it very valuable.

EXCHANGE & COURT

Another riverfront property, this parking lot currently hosts the city's concert series 'Party in the Park'. This site is next to Blue Cross Arena and Corn Hill Landing.

67 CHESTNUT

This ugly white building drastically increased in value ever since the redevelopment of Midtown was announced. Behind its sterile facade the building may have good bones.