Home Leasing is collaborating with Hickey Freeman to acquire and redevelop this historic, four-story property into a mixed-use, mixed-income community in the City of Rochester.
The project will complement and leverage significant community development initiatives along North Clinton Avenue including Ibero American Development Corporation’s family-oriented affordable housing development Pueblo Nuevo, the City of Rochester’s La Marketa at the International Plaza, and the North Clinton Avenue Corridor Market Strategy.
The Hickey Freeman project will consist of 128 affordable apartments for low-income older adults and those in need of supportive housing while also providing approximately 77,000 square feet of manufacturing space for Hickey Freeman to remain on the site, employing more than 200 people. The development will include the continuation of a new and improved factory store of approximately 2,000 square feet. Additionally, an outparcel will accommodate a potential future medical office building or retail development.
The project is located on North Clinton Avenue at the intersection of Avenue D. Adjacent uses include single family homes, apartments, and neighborhood retail. The project site is on a public transit line and is less than one mile from essential services including a grocery, library, barber shop, bakery and pharmacy.
Approximately 130 studio and one apartments will have rents ranging from $645 to $870 and will be affordable to households from less than <30% to up to 70% of the area median income. Eight units are planned to have project-based rental subsidies through the Rochester Housing Authority. Utilities will be included in the rent.