Buckingham Partners with Morgan Management for Midtown Tower Redevelopment
Mayor Thomas Richards announced today at Rochester Downtown Development Corporation’s Vision Future luncheon that Buckingham Properties will partner with Morgan Management on the redevelopment of Midtown Tower. The original design has been modified to reflect a more contemporary look. Construction of the 17-story, 357,000 square foot structure is projected to begin next year with completion expected in 2014. Construction will begin with the bottom and top of the building, working into the middle, to allow phased move-ins. The estimated development cost is $57 million.
Midtown Tower will become a modern, mixed-use building with five floors of office and commercial space, and over 160 trendy apartments featuring polished concrete floors, open floor plans, and roof decks with stunning city views. Apartments will be pet-friendly, with plans for a dog park and wash station. There will be plentiful common areas for social gatherings and underground parking with direct access into the building.
“This project is a major milestone in the revival of downtown Rochester, a key part of our city,” said CEO Larry Glazer. “We believe Buckingham Properties and Morgan Management bring a unique partnership and we are excited to begin.”
Buckingham plans to pursue LEED certification on the Midtown Tower project. “We recently completed our new corporate office in Alexander Park to meet LEED Silver standards, and firmly believe in the importance of sustainable construction as we plan for future development projects,” said CEO Larry Glazer.