2013 downtown housing market report ... | p a g e p u b l i s h e d b y r d d c 1 0 / 7 / 1 3 2013...

1 | P a g e P u b l i s h e d b y R D D C 1 0 / 7 / 1 3

2013 DOWNTOWN HOUSING

MARKET REPORT

ROCHESTER DOWNTOWN DEVELOPMENT CORPORATION ________________________________________________________________________________________________________

100 Chestnut Street Suite 1910 Rochester, New York 14604 585-546-6920

Fax: 585-546-4784 E-mail: [email protected]

www.rochesterdowntown.com

mailto:[email protected]

http://www.rochesterdowntown.com/


Table of Contents Page No.

Summary & General Trends…………….………………………

Residential Market Overview……………………………………

2013 Downtown Rental Housing Survey Results:

Survey Overview……………………………………………

Vacancy & Rental Rates…………………………………...

Market Demand……………………………………………

Owner Occupied Market Summary……………………………

Residential Projects Completed in 2013……………………….

Residential Projects Planned or Underway..………………….

Building by Building Map & Guide Addendum

10

11

12

8

7

6

5

3


SUMMARY & GENERAL TRENDS

All across the country, American cities are being revitalized by a trend toward downtown living. Young professionals, students, and wealthy retirees, attracted by a dense, vibrant and walkable

environment, are moving back into urban cores. Seeing market opportunity, real estate developers are

creating cool loft spaces with architectural character, unparalleled views and modern amenities.

In Rochester, a legitimate downtown housing boom has been taking place since 2000. From 2000-

2010, downtown’s residential population grew by 11.5% while overall city population shrunk by 4.2%.

Since 2000, 37 buildings have been converted from under-performing commercial uses to trendy lofts

and apartments. RDDC estimates that more than 6,000 people are now living downtown.

KEY SURVEY FINDINGS

Rochester’s downtown housing market is dominated by rental housing, which comprises 96% of all

units. Owner-occupied (“for sale”) housing makes up the remaining 4%. Each year, RDDC surveys

downtown rental property owners and managers to collect information on vacancy rates, rental rates, and

overall market demand. Detailed results of RDDC’s 2013 Downtown Rental Housing Survey are

contained in this report beginning on page 6. Key findings include:

The market-rate rental vacancy rate dropped to 4.9%, a 2.3% decrease from figures reported

in August 2012. Notably, when the four buildings with the highest vacancy of the 66 buildings

surveyed are removed, the vacancy rate drops to 1.9%.

The subsidized rental vacancy rate dropped to 4.0%, a 2.8% decrease from figures reported in

August 2012.

The wide variety of housing options downtown is reflected in a market-rate rent range that

spans from $360 to $3,100 per month.

Property managers indicate that market demand remains strong: 75% reported that vacant

units are filled in less than one month; 58% report there are more applicants than units available;

and 65% believe the demand for downtown rental housing is higher than three years ago.

According to property managers, demand for 1 bedroom units remains the strongest, an

opinion that is supported by the low vacancy rates for both market-rate and subsidized 1

bedroom units.

Property managers identify young professionals and students as the groups with the strongest

leasing interest.

Property managers indicate that the top three most requested amenities are parking (off-

street/on-site), laundry (in-unit/on-site) and utilities (included in the rent).

NEW DEVELOPMENT PROJECTS

New residential projects already completed in 2013 (as of 10/1/13) include the Bridge Square Lofts,

Academy Building, and Windsor Gate Townhomes. In addition, more housing was added to existing

units in the Knowlton Building. Read more about these projects on pages 11-12. RDDC is tracking a


total of 14 residential projects that are planned or under construction as of September 2013. It is

estimated that these projects will add 667 new and 325 substantially rehabilitated housing units to

downtown’s inventory, and another 1,200 new residents to the downtown population. More information

about these pipeline projects can be found beginning on page 12.

HOUSING DEVELOPMENT IMPACTS

A strong downtown housing market is having a significant, positive effect on the whole marketplace.

New housing projects and residential conversions are helping to grow and stabilize the center city, and

continued conversion of marginal commercial buildings is helping to rightsize the office space market.

National experts advise that “retail follows rooftops”. The retail and services markets will respond

positively to a center city with increased demand generated by a growing residential base. More shops,

restaurants, and nightlife will create greater street vitality. RDDC is tracking $743 million in downtown

development investment in 2013, including transformative public and private projects planned and

underway. These investments, combined with a growing residential housing market, create a brighter

picture for downtown Rochester than has been seen in a long time.

SPECIAL FEATURES IN 2013 REPORT

A Building by Building Map & Guide for residential housing has been added as a new feature in the

2013 report. The listing includes the following information for each rental property with more than four

units: building address, building name (if applicable), photo, neighborhood, leasing contact information,

number of units, unit types & size, and 2013 vacancy & rent rates (if available). Each property is

assigned a “Map ID” number to help locate it geographically.


RESIDENTIAL MARKET OVERVIEW

RDDC tracks the downtown housing market, which now includes the area within the Inner Loop plus

High Falls, Upper East End, Alexander Park, and part of Corn Hill. The map below shows the

geographic boundary of downtown, and the aerial map in the Building by Building Map & Guide

addendum shows the locations of residential properties that are included in RDDC’s market tracking.

The chart below provides the overall market figures for the downtown housing market, including the

current estimate of the number of people living downtown. This figure is based upon the vacancy rates

gained through the 2013 Downtown Rental Housing Survey, as well as an estimate of 1.8 persons per

household.

Housing Type Number of

Units

% of Market 2013

Occupancy

Estimated

Population

Rental Housing

Market-Rate 2,487 71% 95.1% 4,257

Subsidized/Affordable 897 25% 96.0% 1,550

Owner-Occupied Housing 126 4% 100.0% * 227

TOTAL 3,510 100% 95.5% 6,034

* Assumed


2013 DOWNTOWN RENTAL HOUSING SURVEY RESULTS

RDDC surveys downtown residential property owners and managers on an annual basis to collect

information on vacancy and rental rates, as well as overall market demand. The 2013 Downtown Rental

Housing Survey reflects data and vacancy rates collected in July 2013. A total of 70 buildings

participated, which represents 82% of the total units in the downtown rental market.

Number

of Units

Number

of Bldgs

% of

Market

TOTAL RENTAL UNITS

RESPONDING

2,782 70 82%

Market-Rate 1,885 65 76%

Subsidized/Affordable 897 5 100%

The following is a summary of key survey findings:

The market-rate rental vacancy rate dropped to 4.9%, a 2.3% decrease from figures reported

in August 2012. Notably, when the four buildings with the highest vacancy of the 66 buildings

surveyed are removed, the vacancy rate drops to 1.9%.

The subsidized rental vacancy rate dropped to 4.0%, a 2.8% decrease from figures reported in

August 2012.

The wide variety of housing options downtown is reflected in a market-rate rent range that

spans from $360 to $3,100 per month.

Property managers indicate that market demand remains strong: 75% reported that vacant

units are filled in less than one month; 58% report there are more applicants than units available;

and 65% believe the demand for downtown rental housing is higher than three years ago.

According to property managers, demand for 1 bedroom units remains the strongest, an

opinion that is supported by the low vacancy rates for both market-rate and subsidized 1

bedroom units.

Property managers identify young professionals and students as the groups with the strongest

leasing interest.

Property managers indicate that the top three most requested amenities are parking (off-

street/on-site), laundry (in-unit/on-site) and utilities (included in the rent).

Detailed survey results are contained in the sections that follow.


VACANCY & RENTAL RATES

July

2013

Aug

2012

Change,

2012-13

RENTAL VACANCY RATES

Market-Rate 4.9% 7.2% -2.3%

Subsidized/Affordable 4.0% 6.8% -2.8%

Survey results for Market-Rate rental units are broken down by neighborhood and unit size as follows:

Total Units

Surveyed

Number

Vacant

Vacancy

Rate

Rent Range

MARKET RATE TOTAL 1,885 92 4.9% $360-3,100

NEIGHBORHOOD:

Cascade District 54 0 0.0% $995-2,200

Corn Hill 227 7 3.1% $750-2,075

East End/Upper East End 377 14 3.7% $400-2,420

Four Corners 86 23 26.7% $500-3,100

Grove Place 82 0 0.0% $425-1,720

High Falls 30 1 3.3% $525-1,900

Manhattan Square &

Washington Square Park

253 8 3.2% $655-2000

Alexander Park 387 23 5.9% $360-1,200

St. Joseph’s Park 39 1 2.6% $455-790

St. Paul Quarter 350 15 4.3% $450-2,175

UNIT SIZE:

Studio 311 28 9.0% $360-1,175

1 Bedroom 950 43 4.5% $450-1,550

2 Bedroom 535 24 4.5% $575-2,450

3 Bedroom 57 1 1.8% $695-3,100


Survey results for Subsidized/Affordable rental units are broken down by neighborhood and unit size

as follows:

Total Units

Surveyed

Number

Vacant

Vacancy

Rate

Rent Range

SUBSIDIZED/AFFORDABLE

TOTAL

897 36 4.0% $408-1,090

NEIGHBORHOOD:

Cascade District -- -- --

Corn Hill -- -- --

East End/Upper East End -- -- --

Four Corners -- -- --

Grove Place -- -- --

High Falls 77 7 9.0% $525-$1,090

Manhattan Square &

Washington Square Park

326 20 6.1% $408-1,024

Alexander Park -- -- --

St. Joseph’s Park -- -- --

St. Paul Quarter 494 9 1.8% $839-$1,046

UNIT SIZE:

Studio 182 4 2.2% $408-839

1 Bedroom 556 15 2.7% $513-898

2 Bedroom 129 17 13.2% $728-1,090

3 Bedroom 6 0 0.0% $855-1,024

MARKET DEMAND

A total of 40 property managers/owners completed the market demand questions in the 2013 Downtown

Rental Housing Survey. The following results represent their collective view of the market.

QUESTION: Indicate the average length of time it takes to lease a unit in this building:

Number of

Respondents

Percent of

Respondents

Less than 1 month 30 75%

2- 3 months 6 15%

4-5 months 1 2.5%

6+ months 1 2.5%

No response 2 5%


QUESTION: How would you describe current unit demand?

Number of

Respondents

Percent of

Respondents

MORE applicants than units available 23 58%

FEWER applicants than units available 3 7.5%

EQUAL number of applicants to units available 13 33%

No response 1 2.5%

QUESTION: How would you rate rental demand downtown compared to three years ago?

Number of

Respondents

Percent of

Respondents

Higher 26 65%

Lower 1 2.5%

No change 12 30%

No response 1 2.5%

QUESTION: How has tenant turnover changed compared to three years ago?

Number of

Respondents

Percent of

Respondents

Higher 5 13%

Lower 13 33%

No change 20 50%

No response 2 5%

QUESTION: Rate market demand by number of bedrooms (leave blank if not applicable):

Number of

Respondents

Low

Demand

Medium

Demand

High

Demand

Studio 22 4.5% 36% 59%

1-Bedroom 37 0% 19% 81%

2-Bedrooms 32 6.3% 41% 53%

3-Bedrooms 14 57% 21% 21%

QUESTION: Rate the level of leasing interest/demand by the following groups:

Number of

Respondents

Low

Demand

Medium

Demand

High

Demand

Students 36 19% 33% 47%

Young professionals 37 2.7% 22% 76%

Empty nesters/retirees 36 50% 33% 17%

Families with children 35 86% 14% 0%

Suburban transplants 36 42% 50% 8.3%


QUESTION: List the 3 most requested/asked about amenities that renters are seeking:

Number of

Responses

Percent of

Responses

Parking (off-street/on-site) 29 35%

Laundry (in-unit/on-site) 15 18%

Utilities included 10 12%

Internet/Cable/Wifi 8 9.8%

Building safety 6 7.3%

Air conditioning 4 4.9%

Hardwood floors 3 3.7%

Storage 3 3.7%

Updated kitchen/bath 2 2.4%

Pet friendly 2 2.4%

TOTAL: 82

Note:

1) The results reflected in this chart are based on the answers of 31 respondents;

2) Amenities that had only one response are not included

OWNER-OCCUPIED HOUSING MARKET

Owner-occupied (“for sale”) housing represents approximately 4% of the downtown housing market.

The availability of owner-occupied housing has been slowly creeping upward over the last decade,

beginning with Sagamore on East (2005) and continuing more recently with the addition of Capron

Street Lofts (2011), North Plymouth Terrace (2012), and Windsor Gate Townhomes (2013). Still, the

growth in rental housing units has far outpaced the growth of owner-occupied housing, and so it remains

a small segment of the market.

Whether there is strong demand for more owner-occupied housing downtown is not clear. The two most

recent owner-occupied projects to come online, both “custom build” new construction projects, have

experienced mixed success. The following question that was asked of property managers on the 2013

Downtown Rental Housing Survey also showed mixed results:

Do you believe there is an increasing demand for owner-occupied housing downtown?

Number of

Respondents

Percent of

Respondents

Yes 18 45%

No 19 48%

No response 3 7.5%


Interestingly, public demand for owner-occupied housing made an appearance in the results of the City

of Rochester’s recent Center City Master Plan Survey. When asked about downtown, “What should be

the priority focus for the City, in partnership with the development community?”, owner-occupied

housing options came in fourth:

See the Building by Building Map & Guide at the end of this report for a complete list of downtown

owner-occupied properties with four or more units.

RESIDENTIAL PROJECTS COMPLETED IN 2013 (as of 10/1/13)

Bridge Square Lofts, $6.7 M., conversion of a former school

building in the Cascade District to 24 loft-style units and Passero

Associates headquarters. The units began leasing in January 2013,

quickly filled, and by July 2013, the property manager reported no

vacancies.

Academy Building, $6 M., conversion of historic building in the Four

Corners area to 21 loft-style apartments and commercial restaurant space on

the first floor. The rent rates for these high end luxury apartments range from

$1,300-$3,100 per month.


Windsor Gate Townhomes, new construction of five 2,300 square

foot “custom build” townhomes in the historic Grove Place

Neighborhood. The units quickly sold for asking prices beginning at

$379,000.

Knowlton Building, six additional loft apartments added (bringing

the total number to 20) to a previously converted building in the

Cascade District. Rent rates for the high end lofts range from

$1,550 – 2,200 per month.

RESIDENTIAL PROJECTS PLANNED OR UNDERWAY

CONVERSION PROJECTS:

The Tower at Midtown, $54.5 M., Buckingham Properties and Morgan

Management plan to convert the 17-story Midtown Tower to mixed-use with

182 market-rate apartments and100,000 square feet of commercial space on

the lower floors.

250 East Avenue, $1.6 M., conversion to two residential units in the East End

neighborhood.


Temple Building, $2.6 M., conversion of an additional four floors of office space

to 31 loft apartments in the Midtown and East End neighborhoods.

350 State Street, $517,000, conversion of former commercial building

to 3 apartment units and three storefronts in the High Falls

neighborhood.

Mills at High Falls, Phase III, conversion of the former Rochester

Plumbing Supply building to 14 apartments in the High Falls

neighborhood.

The Hive @ 155, conversion of a former commercial building to 20

artist work/live units in the St. Paul Quarter neighborhood.


Sibley Building, $150 – 200 M., Winn Companies purchased the 1

million square foot building in 2012 and plans to develop into multi-

use property including high-end luxury as well as senior living

apartments.

Cox Building, $18 M., developer in the process of purchasing the building in

the St. Paul Quarter, with plans to rehab for multi-use, including 70 loft

apartments.

YWCA Apartments, $4.9 M., Plan to convert office and clinic space

to 14 new apartments that will offer permanent supportive housing to

women and children.

NEW CONSTRUCTION PROJECTS:

Alexander Park (Phase III), ($100 M. for Phases I - III), new

construction lifestyle center including 250+ housing units in growing

Alexander Park neighborhood.


Riverfront Luxury Housing, $20 M., Morgan

Management announced that it plans to purchase a parcel

of land along South Avenue to build a 100-unit luxury

apartment complex that overlooks the Genesee River.

North Plymouth Terrace, $7 M., two-phased construction of 24

new for sale townhomes and a commercial building in the Cascade

District. 10 townhomes were built in 2012, and the remaining 14 will

be added in Phase II.

MAJOR REHABILITATION PROJECTS:

One Eleven on East, $8.9 M., DVD Ventures purchased this East End

building in 2012 and is in the process of renovating the entire building,

including all of its 245 apartment units.

Alexandrian Apartments, $5.5 M., East End building purchased by

Mark IV Enterprises in 2012. A gut renovation of the building and its

76 apartments has just begun and is expected to take a year.


BUILDING BY BUILDING MAP & GUIDE

A building by building map & guide for downtown residential properties is a new feature of this yearly

report. Each property is assigned a “Map ID” number to easily locate it geographically. The first page of

the guide contains all owner-occupied (“for sale”) properties, and the remainder contains the following

information for each rental property (with 4+ units):

Building address & name (if applicable)

Neighborhood in which the building is located

Leasing contact information

Total number of units, unit types & size

2013 vacancy & rent rates (if available)

Rental Properties Owner Occupied/ For Sale Properties

5

7

1

4

6

2

16

18

15

20 19

17

21

22

28 29

33

32

35

36

34 37

38

39 40

41

43

42

44

45 53

54

51 57

56 58

64

65

66

68

69

70

71

86

73

74

75

76 77

89

78

79

85

91

93

92

90

94

98

99

88

97

95

3

100

8

9

10 11 12

13

14

23 24

25

26 27

28

30

31

46 47

48

49 50

52 55

67

72 82

84

60

59 61

16

62

63 80

81 83

86

87

96

DOWNTOWN RESIDENTIAL PROPERTY MAP (MAP NUMBERS REFER TO PROPERTIES LISTED ON PAGES THAT FOLLOW)

Capron Street Lofts

1 Capron Street

Washington Square Neighborhood

Total Units: 20

Unit Type: Lofts, Condominium

Min Assessment: $145,000

Max Assessment: $298,000

Unit Size Range: 952-2,522 SF

Map ID: 1

Total Units: 22

Unit Type: Condominium



Unit Size Range: 2,182-3,336 SF

Map ID: 2

Sagamore on East

130 East Avenue

East End Neighborhood

Total Units: 7

Unit Type: Townhomes




Map ID: 3

Total Units: 10




Unit Size Range: 1,798 SF

Map ID: 4

North Plymouth Terrace

21 North Plymouth Avenue

Four Corners Neighborhood

Total Units: 8





Map ID: 5

145 Gibbs

145 Gibbs Street

Grove Place Neighborhood

10 Selden

10 Selden Street


Total Units: 4




Unit Size Range: 1,920 SF

Map ID: 6

Union Lafayette Townhomes

94-100 South Union Street

Alexander Park Neighborhood

Total Units: 5





Map ID: 7

Windsor Gate Townhomes

109-125 University Avenue &

65 Windsor St.


OWNER OCCUPIED (“FOR SALE”) DOWNTOWN RESIDENTIAL PROPERTIES

NOTES: Properties sorted by Street Name; property assessment figures obtained from the City of

Rochester’s online Geographic Information System

264 Alexander Street



Contact: Marcy Jensen

Phone: 585-647-6116

www.flowercitymanagement.com

Total Units: 6

Units Vacant (2013): 1

Unit Type: Apartments

Unit Size: Studio, 1 bdrm

Rent Range: $575-$725

Map ID: 8

Total Units: 40



Unit Size: 1 bdrm, 2bdrm


Map ID: 10

The Grand Alexander




Phone: 585-647-6116


Total Units: 7

Units Vacant (2013): N/A

Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 9

Total Units: 5



Unit Size: 1 bdrm, 2 bdrm


Map ID: 11





Phone: 585-647-6116


Total Units: 12




Rent Range: $635-$1,100

Map ID: 12




Contact: N/A

Phone: N/A



Upper East End


Phone: 585-647-6116


Total Units: 216 (180 leasable in 2013)



Unit Size:Studio,1 bdrm,2 bdrm,3 bdrm

Rent Range: $410-$1,200

Map ID: 13

Normandie Apartments 241 & 253 Alexander Street


Contact: Timothy Foster

Phone: 585-232-2600 ex.106

Total Units: 31


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 14

The Biltmore


Upper East End

Contact: Alyssa Marvin

Phone: 585-697-0301

www.realtyperformancegroup.com

DOWNTOWN RESIDENTIAL RENTAL PROPERTIES

Properties sorted by Street Name

East End Apartments

325 & 345 Alexander Street


Contact: Alyssa Marvin

Phone: 585-697-0867

www.realtyperformancegroup.com

Total Units: 78



Unit Size: Studio, 1 bdrm, 2 bdrm

Rent Range: $515-$675 (2012 rates)

Map ID: 15

Total Units: 40




Rent Range: $875-$2,000

Map ID: 16

Total Units: 45




Rent Range: $360-$1,000

Map ID: 17

Apts at Alexander Park

215-270 Alexander/Priem Street


Contact: Courtney Wilson

Phone:585-287-5850

www.buckprop.com

Total Units: 36


Unit Type: Lofts

Unit Size: 1 bdrm

Rent Range: $875-$1,250

Map ID: 18

Medical Arts Building




Phone: 585-647-6116


Buckingham Commons

85 Allen Street



Phone: 585-287-5850

www.buckprop.com

Total Units: 12





Map ID: 19

Stoll Building

239 Andrews Street

St. Paul Quarter

Contact: Ann Cilino

Phone: 585-266-3696

www.aliamanagement.com

Kirstein Building

242 Andrews Street

St. Paul Quarter

Contact: Cindy Lowenguth

Phone: 585-738-2100

Total Units: 12


Unit Type: Apartments, Lofts


Rent Range: N/A

Map ID: 20

Hive Andrews

214 Andrews Street

St. Paul Quarter

Contact: Dan Morgenstern

Phone: 585-413-4306

www.hiveprop.com

Total Units: 30


Unit Type: Lofts


Rent Range: $950-$1,300

Map ID: 21



Total Units: 4


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 23

30-32 Buena Place

30 Buena Place


Contact: N/A

Phone: N/A

Total Units: 7


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 24

Total Units: 9


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 25

33-35 Buena Place

33 Buena Place


Contact: N/A

Phone: N/A

37 Buena Place

37 Buena Place


Contact: N/A

Phone: N/A

Total Units: 4


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 26

17 Canfield Place 17 Canfield Street


Contact: N/A

Phone: N/A

Total Units: 4


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 27

22-24 Canfield Place

22 Canfield Place


Contact: N/A

Phone: N/A

Total Units: 18





Map ID: 22

21-27 Buena Place

21-27 Buena Place


Contact: Erica Call

Phone: 585-672-5370

www.rentrochesterapartments.com

Total Units: 20


Unit Type: Lofts

Unit Size: Studio,1 bdrm, 2 bdrm

Rent Range: $1,000-$2,200

Map ID: 28

Knowlton Building

69 Cascade Drive

Cascade District

Contact: John Loftus

Phone: 585-755-4560

www.cascadeprops.com



Total Units: 4


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 30

188-190 Charlotte Street

188 Charlotte Street

Upper East End

Contact: N/A

Phone: N/A

Total Units: 6


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 31

Total Units: 23



Unit Size: Studio

Rent Range: $400

Map ID: 32

Chestnut Plaza

50 Chestnut Street


Contact: Tracy Bill

Phone: 585-454-5440

194-198 Charlotte Street

194 Charlotte Street

Upper East End

Contact: N/A

Phone: N/A

Total Units: 50





Map ID: 33

Gibbs Place 35 Chestnut Street


Contact: Mike Twentyfive

Phone: 585-200-1402

Www.equisourcefinancial.com

Total Units: 24


Unit Type: Lofts

Unit Size: N/A


Map ID: 34

Windsor Lofts

484 E. Main Street


Contact: John Nolan

Phone: 585-750-2045

Total Units: 4


Unit Type: Lofts

Unit Size: 1 bdrm

Rent Range: $1,250-$1,400

Map ID: 29

Cascade Building Lofts

72 Cascade Drive

Cascade District


Phone: 585-755-4560


Total Units: 95


Unit Type: Apartments, Townhomes

Unit Size: 1 bdrm, 2 bdrm, 3 bdrm

Rent Range: $790-$1,275

Map ID: 35

Corn Hill Apartments & Townhomes 715 Clarissa Street

Corn Hill Neighborhood

Contact: Kathleen Beckwith

Phone: 585-325-1860

www.cornhilltownhouses.com



University Place

328 E. Main Street


Contact: Samantha Aviles

Phone:585-546-2240

www.rentuniversityplace.com

Total Units: 86




Rent Range: $735-$1,035

Map ID: 36

Total Units: 6





Map ID: 37

516-522 East Main

522 E. Main Street


Contact: Patrick Dutton

Phone: 585-704-1546

Midtown Manor

475 E. Broad Street

Manhattan Square Neighborhood

Contact: Shelly Bryant

Phone: 585-546-3650

Total Units: 200 (subsidized)





Map ID: 38




Unit Size: N/A


Map ID: 39

One Eleven on East

111 East Avenue


Contact: Julia Loson

Phone: 585-232-1700

Total Units: 77




Rent Range: $1,230-$1,575

Map ID: 40

200 East Ave Apts. 200 East Avenue


Contact: Jeff Clinkscales

Phone: 585-325-7940

Www.200eastavenue.com

Total Units: 9





Map ID: 41

2 East End Way

2 East End Way


Contact: Kathy Capierseho

Phone: 585-442-9061

www.sternproperties.com

Corn Hill Landing

250 Exchange Boulevard


Contact: Maura Hayward

Phone: 585-325-7166

Total Units: 125



Unit Size:Studio,1 brdm,2 bdrm,3 bdrm

Rent Range: $775-$2,075

Map ID: 42



44 Exchange

44 Exchange Boulevard


Phone:585-546-6190

www.44exchange.com

Total Units: 24




Rent Range: $750-$1,100

Map ID: 43

Total Units: 51


Unit Type: Lofts


Rent Range: $820-$2,365

Map ID: 44

Temple Building

14 Franklin Street


Contact: Paul Tuttle

Phone: 585-381-1500

www.templebuilding.com

Total Units: 13



Unit Size: N/A

Rent Range: N/A

Map ID: 45

Total Units: 4


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 46

15 Gardiner Park

15 Gardiner Park


Contact: N/A

Phone: N/A

Franklin St. Apartments

132 Franklin Street

St. Joseph’s Park Neighborhood

Contact: Dimitri Stefanou

Phone: 585-328-1114

www.stefanourealtors.com

Total Units: 5


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 47

19 Gardiner Park

19 Gardiner Park


Contact: N/A

Phone: N/A

Total Units: 6


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 49

34 Gardiner Park

34 Gardiner Park


Contact: N/A

Phone: N/A

Total Units: 5


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 48

47-49 Gardiner Park

47 Gardiner Park


Contact: N/A

Phone: N/A



42-44 Gardiner Park

42 Gardiner Park


Contact: N/A

Phone: N/A

Total Units: 6


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 50

Total Units: 4



Unit Size: 1 bdrm


Map ID: 51

172-174 Gibbs Street

172 Gibbs Street


Contact: Michael Lebowitz

Phone: 585-721-4391

Total Units: 6


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 52

Total Units: 4





Map ID: 53

131-133 Gibbs



Contact: Lars Rosenquist

Phone: 585-442-3551

168 Gibbs Street

168 Gibbs Street


Contact: N/A

Phone: N/A

Total Units: 12





Map ID: 54

123-125 Gibbs



Contact: Paul & Kathy Tuttle

Phone: 585-739-3831

Total Units: 22


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 56

Rochester Townhomes

128-152 Gibbs & Selden Street


Contact: John Trickey

Phone: 585-415-4466

Total Units: 6


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 55

153 Gibbs Street

153 Gibbs Street


Contact: N/A

Phone: N/A



Gibbs Grove

161-169, 86-96 Gibbs & Grove Street


Contact: Erica Call

Phone:585-672-5370


Total Units: 10



Unit Size: 1 bdrm, 2 bdrm, 3 bdrm

Rent Range: $580-$1,020

Map ID: 57

Total Units: 4


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 59

11 Lafayette Place 11 Lafayette Place


Contact: N/A

Phone: N/A

Total Units: 4


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 60



Contact: N/A

Phone: N/A

Total Units: 5


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 62



Contact: N/A

Phone: N/A

Total Units: 6


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 63



Contact: N/A

Phone: N/A

Total Units: 12


Unit Type: Lofts


Rent Range: $775-$1,720

Map ID: 58

Halo Lofts

60 Grove Street


Contact: Rick Marsh

Phone: 585-330-5680

www.halolofts.com

Total Units: 5


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 61



Contact: N/A

Phone: N/A



Apartments at 96 96 Liberty Pole Way


Contact: Dave Fallone

Phone: 585-734-9157

Total Units: 9





Map ID: 64

Total Units: 17





Map ID: 66

Lincoln Apartments

145 Liberty Pole Way


Contact: Carolyn Perry

Phone: 585-232-4350

Total Units: 4


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 67

11-11.5 Linwood Place

11 Linwood Place


Contact: N/A

Phone: N/A

Total Units: 17


Unit Type: Lofts


Rent Range: $1,000-$1,800

Map ID: 69

East End Lofts

15 Mathews Street


Contact: Kathy Capierseho

Phone:585-442-9061

www.sternproperties.com

Total Units: 12



Unit Size:Studio,1 bdrm,2 bdrm

Rent Range: $1,000-$1,250

Map ID: 70

Parzon Building

208 Mill Street

High Falls Neighborhood

Contact: Bob Lindsay

Phone: 585-370-7552

Total Units:23 (13 leasable in 2013)





Map ID: 65




Contact: Aaron Horn

Phone: 585-613-6879

Total Units: 250




Rent Range: $503-$1,080

Map ID: 68

Manhattan Square Apts. 10 Manhattan Square


Contact: Laura Doray

Phone: 585-454-2010

www.landsman.com



Parry Building

224 Mill Street


Contact: Peter Freund

Phone: 585-721-6846

Total Units: 6


Unit Type: Lofts

Unit Size: 1 bdrm

Rent Range: $1,200-$1,900

Map ID: 71

Total Units: 6


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 72

258 Monroe Avenue

258 Monroe Avenue


Contact: Rebecca Rice

Phone: 585-413-3760

www.myprettyhomes.com

Total Units: 45


Unit Type: Lofts


Rent Range: $850-$1,300

Map ID: 73

Total Units: 6


Unit Type: Lofts


Rent Range: $1250-$1,800

Map ID: 74

25 North Washington

25 N. Washington Street

Cascade District


Phone: 585-755-4560


Michaels Stern

87 N. Clinton Avenue

St. Paul Quarter


Phone: 585-287-5850

www.buckprop.com

Total Units: 64




Rent Range: $800-$1,200

Map ID: 75

Water Street Commons

165-185 N. Water Street

St. Paul Quarter


Phone: 585-287-5850

www.buckprop.com

Total Units: 5



Unit Size:2 bdrm, 3 bdrm

Rent Range: $1,250-$1,595

Map ID: 76

Industrie Lofts

168 N. Water Street

St. Paul Quarter

Contact: Dean Fero

Phone: 585-413-4462

Total Units: 36



Unit Size: Studios, 1 bdrm, 2 bdrm

Rent Range: $760-$1,060

Map ID: 77

Riverview Lofts

176 N. Water Street

St. Paul Quarter

Contact: Dean Fero

Phone: 585-413-4462



Hayden House

144 S. Fitzhugh Street



Phone: 585-766-5619


Total Units: 7




Rent Range: $750-$1,200

Map ID: 79

Total Units: 21




Rent Range: $1,300-$3,100

Map ID: 78

Academy Building

13 S. Fitzhugh Street


Contact: Mark Siwiec

Phone: 585-461-6375

www.theacademybuilding.com

Total Units: 5


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 81

Total Units: 15


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 82

120 South Union Street

120 S. Union Street


Contact: Rebecca Rice

Phone: 585-413-3760

www.myprettyhomes.com


64 S. Union Street


Contact: N/A

Phone: N/A

Total Units: 4


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 83

70-70.5 S. Union Street

70-70.5 S. Union Street


Contact: N/A

Phone: N/A

Total Units: 4


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 80


84 S. Union Street


Contact: N/A

Phone: N/A

Total Units: 14


Unit Type: N/A

Unit Size: N/A

Rent Range: N/A

Map ID: 84


72 S. Union Street


Contact: N/A

Phone: N/A



132 & 136 South Union 132 & 136 S. Union Street


Contact: Erica Call

Phone: 585-672-5370







Map ID: 86

Total Units: 12





Map ID: 85

82 South Union

82 S. Union Street


Contact: David Andrulis

Phone: 585-820-4552

Total Units: 54



Unit Size: Studio,1 bdrm, 2 bdrm


Map ID: 88





Rent Range: $453-$1,024

Map ID: 89

Savannah Apartments 15 Savannah Street


Contact: Laura Doray

Phone: 585-454-2010

www.landsman.com

The Ambassador

86 S. Union Street


Contact: Dawn Williams-Fuller

Phone: 585-507-7515

ambassadorapartmentsrochester.com

Total Units: 31




Rent Range: $650-$1,100

Map ID: 90

Smith-Gormley Building

180 St. Paul Street

St. Paul Quarter

Contact: Manny Wright

Phone: 585-284-4289

www.180stpaulst.com

Total Units: 6



Unit Size: 1 bdrm

Rent Range: $645-$1,000

Map ID: 87

34-36 South Union 36 S. Union Street


Contact: Mark Caramanna

Phone: 585-730-5190

Total Units: 49


Unit Type: Lofts

Unit Size: 1 bdrm,2 bdrm

Rent Range: $1,250-$2,175

Map ID: 91

H.H Warner Lofts

80 St. Paul Street

St. Paul Quarter

Contact: Sarah Burton

Phone: 585-303-9436

www.warnerlofts.com



Hive @ 116 116 St. Paul Street

St. Paul Quarter

Contact: Dan Morgenstern

Phone: 585-413-4306

www.HiveVillage.com

Total Units: 5


Unit Type: Lofts

Unit Size: 1 bdrm

Rent Range: $875-$1,600

Map ID: 93

Total Units: 31


Unit Type: Lofts


Rent Range: $695-$1,395

Map ID: 94

Loftworks181

181 St. Paul Street

St. Paul Quarter

Contact: Brian Kiner

Phone: 585-442-6150

www.belmontproperties.com

Total Units: 4


Unit Type: Lofts



Map ID: 96






Map ID: 97

Mills at High Falls Annex

392 State Street


Contact: Lavone Washington

Phone: 585-454-5711

www.themillsathighfalls.com

State Street Lofts

139 State Street

Four Corners

Contact: Doug Musinger

Phone: 585-271-8285

Total Units: 8





Map ID: 98

54 University

54 University Avenue


Contact: Erica Call

Phone: 585-672-5370


Total Units: 67 (56 subsidized)



Unit Size: Studio, 1 bdrm, 2bdrm

Rent Range: $525-$1,090

Map ID: 95

Mills at High Falls

312 State Street


Contact: Lavone Washington

Phone: 585-454-5711 ext.2009

www.themillsathighfalls.com

Total Units: 526 (496 subsidized)




Rent Range: $839-$1,046

Map ID: 92

Andrews Terrace

125 St. Paul Street

St. Paul Quarter

Contact: Beth Hartman

Phone: 585-325-5232

www.andrewsterrace.com



Total Units: 6





Map ID: 100

51 Windsor 51 Windsor Street


Contact: Adrian Winter

Phone: 585-461-6370

Total Units: 24


Unit Type: Lofts


Rent Range: $995-$1,395

Map ID: 99

Bridge Square Lofts

242 W. Main Street

Cascade District

Contact: Elaine Doriguzzi

Phone: 585-436-2701

www.bridgesquarelofts.com



2013 downtown housing market report ... | p a g e p u b l i s h e d b y r d d c 1 0 / 7 / 1 3 2013...

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