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Rochester, New York Advisory Services Panel June 5-10, 2005

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Page 1: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Rochester, New YorkAdvisory Services Panel

June 5-10, 2005

Page 2: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

AcknowledgementsCity of Rochester – Mayor William A. Johnson, Jr., City Council President Lois Giess, and Director of Planning Larry StidCounty of Monroe – County Executive Maggie Brooks and County Legislature President Wayne ZyraRochester Downtown Development Corporation – Chairman Dave Beinetti, Heidi Zimmer-Meyer, Sean Phelan and Karen Hite

Page 3: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

SponsorsUS Department of Housing and Urban DevelopmentCounty of MonroeHome Leasing, Inc.Bausch & LombWilmorite, Inc.Conifer RealtyPembroke CompaniesLeCesse Construction

Buckingham PropertiesJasco Tools, Inc.JPMorganChasePike CompanyChrista ConstructionDemocrat & ChronicleLeChase Construction ServicesCostanza EnterprisesRG&ESWBR Architects/Engineers

Page 4: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

About ULI

Mission: To provide responsible leadership in the use of the land in order to enhance the total environment.

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The PanelChairAlex Rose, Vice President,

Development, El Segundo, CA

PanelistsZane Segal, Project Director,

Zane Segal Projects, Houston, TX

David Slater, Consultant, Reston, VA

Ray Brown, President, Ray Brown Consulting, Memphis, TN

Chris LoPiano, Senior Vice President, Bank of America Community Development

Allen Folks, Principal, EDAW, Sacramento, CA

Ed Shriver, Principal, Strada Architecture, Pittsburgh, PA

Donna Lewis, Planning Director, Mercer County, Trenton, NJ

Alex Bond, Associate, ULI – the Urban Land Institute

ULI StaffJason Bell, Panel CoordinatorAlex Bond, Associate

Page 6: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Context

Page 7: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Re-creating downtown Rochester

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Rochester – Ahead of the curve

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Rochester – the challenge

Page 10: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc
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The cultural, educational and entertainment center for

the region

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Re-Creating Downtown Rochester

People and ActivityStrong base of entertainment, cultural and educational with fabulous architectureBold moves and routine onesWalkable urbanity

Page 13: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Market PotentialDavid SlaterZane Segal

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Market Overviews

Manufacturing job lossStrong growth in educational, health, and professional servicesStagnant metropolitan population growth and loss in the city

Page 15: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

OfficeAnnual Class A absorption: 70,000Midtown buildings not competitiveSibley Center well located and adaptable to new usesAnnual absorption:

* Present to 2010 – 30,000 to 40,000 sq. ft.

* 2010 – 2015 – 60, 000 to 80,000

Page 16: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Retail100,000+ square feet downtown occupied200,000 square feet former street level space vacantRelocate Midtown Plaza to street frontageDemand is 90,000 to 110,000 square feet

Page 17: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Hospitality

250,000 square feet convention centerHigh rate of utilizationOver 1,150 hotel rooms located nearby that require updating

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Education

Nearly 4,000 students downtownCommunity college will become integral part of Renaissance Square

Page 19: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Multifamily Housing

2,052 market rate units downtown330 market rate units under construction or plannedRecommend goal of 5,000 – 7,000 mixed income rental and for sale units

Page 20: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

The Double Edged SwordSprawl vs. disinvestmentBedroom communities vs. deserted downtowns

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Heroic Projects

Stadiums, performance halls, cultural facilities, and casinosFail to revive a downtown aloneExcellent complement to other initiatives

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Show me the magic!

Downtown housing leads the wayRetail follows rooftopsGuess what, rooftops follow retail too

Page 23: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Reimagining Downtown

Enlightened form-based zoning codeHeart of the city’s education, culture, entertainment, and recreationEvenings and weekends lively

Page 24: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Pre-Nestors, Empty Nestors and the Studious

Young professionals like the nightlifeDownsizing post parents no longer want to mowStudents study in cafes, not libraries

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The Creative Class

Knowledge workers can choose where to live and workThey love the old funky stuffEntrepreneurs balance work and enjoying life

Page 26: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Cool housing but no houses

People are waking up from the American DreamUrban housing types for rent and for saleRenovation followed by new construction

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This thing called urbanity

Interesting people doing fascinating thingsAppeal to creative, high-tech entrepreneursTime for reflection is becoming a time for action

Page 28: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Development StrategiesRay Brown

Chris LoPiano

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Planning & Design

Allen FolksEd Shriver

Page 38: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Regional Context Constraints

Inner LoopGenesee River open spaceLack of public open spaceDistricts are not connectedMain Street lost retail focus

Page 39: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc
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Regional Context Opportunities

Good historical building stockEast End new development

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Study Area ConstraintsVery large development sitesBlank walls on Main StreetIron wallPedestrian unfriendlyLack of public open spaceConfusing street grid

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Study Area OpportunitiesSibley’s buildingMidtown Parking GarageMidtown block is well positionedGood historical building stock

Page 48: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc
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Renaissance SquareIncreases cultural amenities downtownAt grade transit solutionReintroduce Stone Street at midblockRethink one-way couplets of Clinton & St. Paul/South StreetPlace retail function on Main StreetPrimary entrance to performing arts at Main & Clinton

Page 51: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc
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Reclaiming the public domain

Main Street as primary civic streetAdd cultural amenity within the midtown blockConnect cultural amenities outward from Main & Clinton

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Midtown PlazaRemove indoor mall and other office buildings except Midtown Tower and the Euclid BuildingProvide for town square parkIntroduce streets & pedestrian ways into the blockAdd residential & mixed use buildingsRetain parking & service tunnelAdd winter garden as forecourt to Chase building on Main Street

Page 57: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc
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Sibley’s Building

Adaptive reuse as residential & retail

Page 64: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc
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St. Josephs PlaceCreate urban village15-40 dwelling units per acreNeighborhood parkLive/work incubator spaceNeighborhood retail including grocery store

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General

Design guidelines reviewed for consistency with recommendations.WayfindingPublic art

Page 74: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

ImplementationDonna Lewis

Alex Bond

Page 75: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Financial Strategies

Midtown, Sibley’s and Renaissance Square will require public subsidyPrivate sector cannot do it alone

Page 76: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Process

Several financial mechanisms existSome have legally approvalsUnified front to state and federal legislators

Page 77: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Local ProgramsTax Increment Financing (TIF)

Issues bonds, repaid with property tax increase.

Effective at raising funds without expenditureSuggest district encompass inner loopSupport target area

Page 78: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Local Programs Conversion Urban Exemption

Property Tax AbatementDedicated fees or taxesSmall fee earmarked for target areaIndustrial revenue bonds

Page 79: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

State Programs

Historic Incentive Tax CreditsCan be used or soldSibley or St. Josephs rehabEmpire Zone Initiatives – package to exist end users

Page 80: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

State ProgramsUrban Renewal DistrictsAllow assembly and resale below market rateNYSERDA Incentives – multifamily housing cash incentives.Competitive and use at Midtown

Page 81: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Federal Programs

Section 108 Loan GuaranteesBooked and repaid by future CDBG funds

Page 82: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Public/Private PartnershipSingle purpose development entityRochester Center City AuthorityInitiated by City and CountyMembers from city and county but majority from private sector

Page 83: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Public ImageQuality of life

Move a perception than a realityMust be addressed to make streets feel safeMarketingStreet vitality

Page 84: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

StreetsAnalyze going ordinanceEstablish conversation with new downtownersBridge generational and racial gaps

Page 85: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Public Realm

ParkingSupply is adequateStudyEfficient parking

Page 86: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Pedestrians

Rochesterians don’t walk!Activity needed on the streetEncouraged to walkAgencies should encourage peopleExciting street lifeFeeling safeCirculator bus

Page 87: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Bus Transit

40 route converge downtownLots of bussesCrowds of people

Page 88: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Bus Transit

Transfer station above groundChange bus scheduling and/or routing

Page 89: Rochester, New York - ULI Americasamericas.uli.org/wp-content/.../2005RochesterPPT.pdf · Sponsors US Department of Housing and Urban Development County of Monroe Home Leasing, Inc

Urban FormGreen infrastructureHealthy communitiesFestivalsDowntown for holidays

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Rochester, New YorkAdvisory Services Panel

June 5-10, 2005