2016 New Member Packet - rochesterdowntown.com

RDDC Corporate Profile
What is RDDC?
A private, not-for-profit, economic development entity, the Rochester
Downtown Development Corporation (RDDC) is primarily funded by corporations, institutions and real estate companies. It is structured as a 501(c)(4)
corporation, where financial contributions are treated as a busines s expense.
RDDC’s role is to deliver a vibrant and economically strong downt own
as part of t he regi onal asset package.
The corporation is viewed regionally as the “expert” on downtown issues,
market information and stakeholder positions. RDDC provides an effective
leadership vehicle that explores, influen ces an d directs action on key
issues and projects that address a wide variety of topics i mp a cti n g st a ke holde r interests in the downtown arena.
What are RDDC’s primary functions?
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DOWNTOWN ADVOCACY & LEADERSHIP — Issues, programs & policies impacting downtown investment, tenancy, the living environment, visitor attraction, and other stakeholder interests.
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THE “DOWNTOWN EXPERTS” — Market tracking including investment levels
& trends; residential development, occupancy & pricing; and, office market vacancy and pricing.
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INVESTOR/DEVELOPER SUPPORT — Continuous work with local and out-oftown investors and project developers to share market information, neighborhood trends, and connections to government where useful.
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MARKETING & PROMOTION — Marketing downtown’s assets; improving visibility of downtown housing & commercial space options; improving accessibility to downtown’s entertainment, cultural & dining offerings; leveraging the
traditional media & social media to amplify downtown’s emerging story.
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PARTNERSHIP WITH GOVERNMENT — Convening stakeholders to shape a
regional agenda for downtown; and, collaborating with City, County and State
government officials to identify and solve issues to fuel future downtown investment, occupancy and growth.
Rochester Downtown Development Corporation
One HSBC Plaza, 100 Chestnut Street ~ Suite 1910
(585) 546-6920 (585) 546-4784 fax
[email protected]
www.rochesterdowntown.com
RDDC’s Key Accomplishments:
What would downtown be like without RDDC?
IMPROVING COMMERCIAL TENANCY
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Designed, launched, and now manages the Downtown Innovation Zone (DIZ) in 2014
in a unique collaboration with the City of Rochester and High Tech Rochester, which now
features 105 innovation and creative class enterprises and three new and planned business
incubators. RDDC launched its new DIZ website in February 2016 (www.RocDIZ.com).
Engaged private sector representatives to institutionalize a more collaborative
relationship with the City on parking issues that impact the ability to retain and
attract office tenancy.
Employing a multi-pronged downtown marketing and promotion campaign with very
few resources, but significant impact to heighten downtown visibility in the marketplace
and build cache for downtown as a business location.
RDDC’s multi-year advocacy and operation of the now de-funded Red Shirts Program
resulted in the City’s creation of the RPD’s “fifth quadrant” — the Central Section —
which serves the center of the city and has added significant police resources downtown.
Impacting the design and activation of many public infrastructure projects that
improve downtown’s public realm and therefore the street experience of residents,
employees, business clients, and visitors.
ADVANCING DEVELOPMENT & INVESTMENT
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RDDC’s market tracking work inspires the lending environment and strengthens
investor confidence.
Assist housing developers by sharing market preferences, orienting out-of-town investors,
fostering connections with City officials, and creating greater regional awareness about the
explosive growth in downtown living both nationwide and here in Rochester.
Work frequently with potential tenants to sell the downtown environment and to
connect them with property owners and leasing agents.
Bringing a network of experts together to solve a collective downtown problem or move a
critical opportunity forward.
Case Study: Midtown Block Redevelopment. Recognizing that the Midtown
Complex was about to go dark, RDDC privately convened its out-of-town ownership,
local elected leaders, and RBA and GRE leadership to begin the necessary dialogue to
ensure local control over the fate of that block. RDDC raised $110,000 in three weeks
to bring a panel of Urban Land Institute national experts to Rochester for a week to
assess the redevelopment potential of the core of downtown. Dozens of local private
and public sector leaders were engaged, and the presentation of the public report
created a media sensation. It is not likely that Paetec (now Windstream) would have
considered consolidating his headquarters on the Midtown Block without this critical
pre-development work.
Other examples: North Water Street/Olde Rochesterville redevelopment, design
& installation of Albert Paley railings on Main Street Bridge, Bausch & Lomb Library,
Frontier Field, Performing Arts Center, two-way street conversions (St. Paul Street,
Clinton Avenue, Broad Street), Inner Loop East redevelopment, Main Street Streetscape
Enhancement Project (Genesee River to Liberty Pole).
IMPROVING THE PERCEPTION OF DOWNTOWN
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Developed strong, long-term relationships with reporters, editors, and a wide variety of
media outlets that yield frequent coverage of downtown with numerous interviews, stories,
and taped shows on downtown trends, projects and issues that tell a more impactful and
accurate story about downtown’s new growth trajectory.
Connects RDDC members to reporters for media coverage and quotes, which increases the
visibility for member companies and their projects.
RDDC’s Key Accomplishments, cont’d
ADVOCATING FOR DOWNTOWN INTERESTS
Parking
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Advocating aggressively for identifying and improving negative impacts of downtown parking system on tenant
attraction, tenant retention, and property values.
Convened multiple forums to capture business sector issues and concerns, then transmitted content to City
Administration and City Council.
Benchmarked alternative mid-sized city models to rethink Rochester’s current downtown parking system.
Creating a perimeter parking model with perimeter locations and connecting shuttle, working with the City and
RGRTA.
Provided development project data to consultants in all three downtown parking studies.
Public Safety
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Created the Red Shirts program in 2007 using retired law enforcement personnel to increase perceptions of safety,
which became a highly regarded institution (de-funded by the City in June 2015). The City created a new Central
Section facility in the heart of downtown as part of its 2014 reorganization of the Rochester Police Department.
Convened the Mayor’s office, RGRTA, City School District, Rochester City Council members, and private property
owners to resolve the spate of downtown youth violence resulting from the transport of 1,500 students twice daily
through the new Downtown Transit Center in late 2014 and early 2015.
Advanced the issue of unruly and violent youth in 2010 with the Rochester School District, bus company,
Rochester Police Department and Mayor’s office – ultimately raised funds to open a Downtown Youth Arts Center
to get 85 kids off downtown streets after school.
Representing downtown issues on Police Chief’s Council, which has yielded very responsive relationships with top
RPD brass.
Government Relations
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Acting as both a channel and a direct intermediary with City and County leadership regarding downtown projects
and issues, these strong working relationships cement RDDC’s reputation as a “go to” leadership organization.
Active in the Finger Lakes Regional Economic Development Council’s Community Development Workgroup and
the NYS Urban Council, RDDC leadership is involved with moving individual downtown development projects
forward and targeting statewide roadblocks to center city investment and redevelopment.
Drafting “white papers” on the economic impact of downtowns statewide to generate more development support
from Albany.
TRUSTED SOURCE FOR MARKET DATA & TRENDS
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Trends in vacancy and occupancy are identified accurately and quickly as a result of RDDC’s exclusive
detailed market data on downtown’s office space and housing markets, much of which goes back to the early
1980’s.
RDDC’s market data is used by developers, investors, lenders, City staff and leadership, media, and potential
tenants to better understand emerging trends and opportunities in the downtown market. Market data
can be accessed in report form, on individual webpages on www.rochesterdowntown.com, and through special
data runs for potential investors and developers.
MARKETING & PROMOTING DOWNTOWN
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Showcasing key development projects and highlighting downtown developers, RDDC’s annual “DOWNTOWN
RISING” event is often cited by reporters and others as their favorite event of the year as it exposes the momentum
around downtown investment.
RDDC’s “Downtown Market Report” combines all of its market tracking work in an easily digestible format that
highlights trends and new investment patterns for media, investors, government, and other interested players.
Downtown’s official website (www.rochesterdowntown.com) and social media pages provide detailed information
about all of downtown’s office buildings, residential units, and more.
2016 RDDC Membership
PREMIER MEMBERS
Ambassador Union Street, LLC
Ashley Management Corporation
Excellus BCBS Rochester Region
Hyatt Regency Rochester
Nixon Peabody
Pyramid Brokerage Company
Thomson Reuters
Flaum Management
Company, Inc.
LeChase Construction
Services, LLC
Rochester Institute of
Technology
Flower City Management, Inc.
Lifetime Financial Group
Foundation Design, P.C.
M&T Bank
Rochester Philharmonic
Orchestra
Benderson Development
Gallina Development
Corporation
M/E Engineering, P.C.
Bergmann Associates
Galvin Realty Group
Broadstone Real Estate, LLC
Gar Lowenguth, Inc.
Bruckner, Tillet, Rossi,
Cahill & Associates
Genesee Regional Bank
AIA – Rochester
Ajay Glass Company
Allpro Parking, LLC
BOMA of Greater Rochester
Buckingham Properties
C&P Equities
C&S Companies
Geva Theatre Center
Greater Rochester Association
of REALTORS®
Cabot Group
Greater Rochester Chamber of
Commerce
Canandaigua National Bank &
Trust
Greater Rochester
Enterprise
Catholic Family Center
Hamilton Stern
Construction
CB Richard Ellis
CGI Communications, Inc.
Chaintreuil/Jensen/ Stark
Architects, LLP
Harris Beach PLLC
Harter Secrest & Emery, LLP
Hart’s Local Grocers
City Newspaper
Hilton Garden Inn
Clark Patterson Lee
Hochstein Memorial Music
School
CloudSmartz, Inc.
The College At Brockport
The Community
Foundation
Community Preservation
Corporation
Home Leasing
Home Properties, Inc.
Hunt Engineers, Architects &
Land Surveyors, P.C.
ID Signsystems
Costanza Enterprises, Inc.
I. Gordon Corporation
D4, LLC
Johnson Controls
Democrat and Chronicle
Jos. A. Floreano Rochester
Riverside Convention Ctr.
DiMarco Constructors, LLC
Dryvit/Thermal Foams
Dutton and Company
Eastman School of Music
ESL Federal Credit Union
First Niagara Bank
L&W Supply
LaBella Associates, P.C.
Landmark Society of Western
New York
Landers Management
Manning Squires & Hennig Inc.
Mark IV Enterprises
Max Rochester
MCC-Damon City Campus
Rochester Public Library
Rochester Red Wings
Rochester’s Cornerstone
Group, Ltd.
Rynne, Murphy &
Associates, Inc.
McConville, Considine, Cooman S&T Bank
& Morin, P.C.
SEI Design Group
Mission Commercial Realty
SWBR Architects &
Monroe County Bar
Engineers, P.C.
Association
Smith+Associates Architects
Morgan Management
Spoleta Development
Nixon Peabody, LLP
Stantec
Norry Management
Stern Properties
Corporation
Stewart Title Insurance
Nothnagle Realtors
Company
Parry Building, LLC
The Strong
Passero Associates, P.C.
Studio E
PathStone Corporation
T.Y. Lin International
Philippone Associates
Traikos Development, LLC
Phillips Lytle, LLP
Underberg & Kessler, LLP
Pike Company
Vargas Associates, Inc.
Radisson Hotel Rochester
VisitRochester
Riverside
Visual Dx
Rent Rochester, Inc.
Webster Properties, LLC
Riedman Corporation
Wendel Companies
Rochester Building Trades
Council
West Edge Restaurant &
Lounge
Rochester District Heating
Cooperative
Westminster Consulting, LLC
Rochester Educational
Opportunity Center
Rochester Gas & Electric
Corporation
WinnDevelopment
Woods, Oviatt, Gilman, LLP
YMCA of Greater
Rochester
Updated, 3/7/16
Rochester Downtown Development Corporation
2016 DUES STRUCTURE
RDDC has five basic dues categories which reflect the size and breadth of individual downtown
stakeholder interests. Factors such as total downtown assessed value owned, number of downtown
employees, and numbers of annual attendees, patrons and guests impact assignment to a category.
These factors all contribute to the value of RDDC’s work in driving increased downtown tenancy,
improving corporate and residential neighborhoods, and growing a safer, more walkable, and
appealing downtown environment.
1. East Avenue: $6,000
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Large banks (greater than $3 billion in local deposits)
Largest commercial real estate holdings downtown (assessed value downtown greater than
$30M)
Largest downtown employers (DT staff greater than 500)
2. Court Street: $3,000
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Credit unions/smaller banks (less than $3 billion in local deposits)
Downtown hotels
Large A/E firms and real estate sector vendors (local staff greater than 200)
Large commercial real estate holdings downtown (assessed value downtown between $10M $30M)
Large downtown employers (DT staff between 200-500)
Large downtown law firms (local staff greater than 200)
3. State Street: $1,500
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Construction companies
Large cultural/educational institutions (990 reported income, downtown real estate greater
than $10M each)
Law firms not located downtown
Medium commercial real estate holdings downtown (assessed value downtown between $1M $10M)
Mid-size A/E firms and real estate sector vendors (local staff between 50-200)
Mid-size downtown employers (DT staff between 50–200)
Mid-size downtown law firms (local staff between 50-200)
4. Gibbs Street: $775
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Mid-sized cultural, educational and not-for-profit organizations (990 reported income greater
than $1M and/or downtown real estate valued less than $10M)
Real estate appraisers
Real estate brokers and management firms
Small A/E firms and real estate sector vendors (less than 50 local staff)
Small commercial real estate holdings downtown (assessed value downtown less than or equal
to $1M)
Small downtown employers (less than 50 DT staff)
Small downtown law firms (less than 50 local staff)
Sports teams
Title insurance
5. Fitzhugh Street: $500
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Homeowner/Neighborhood Associations
Small cultural/educational institutions
Solo practitioners
November
2015
RDDC Year-End Report
Rochester Downtown Development Corporation
100 Chestnut St., Suite 1910 ● Rochester, NY 14604 ● (585) 546-6920
MESSAGE TO MEMBERS
For the first time in more than
half a century, downtown is in fullscale revival mode. We are now
figuring out how to deal with
growth, and how to anticipate what
our new, emerging center city population wants and needs.
Downtown Innovation Zone (DIZ)
After tracking the housing story
since 2000 that led downtown’s
turnaround, we uncovered the organic development of a very real
innovation district in the city center. In late 2015, we are tracking
101 innovation & creative class
enterprises in the DIZ, along with
10 incubators and support services
for start-ups. These numbers are
growing.
A whole new approach to engaging these brilliant additions to
the downtown landscape is underway. We need to understand them
and what they want. The DIZ website is being three-dimensionalized,
and property owners and commercial brokers are being connected to
this developing new market.
Major Investments in Downtown
RDDC is tracking $840 million
in a variety of development projects
downtown. Included are 21 housing projects, expected to generate
another 2,400 people over the next
several years to join the 6,100 already living here.
The Midtown District in particular is experiencing tremendous
growth. The HTR Business Accelerator Cooperative, RIT Center for
Urban Entrepreneurship, Democrat
and Chronicle Media Group, CGI
Headquarters, and the AIM Photonics headquarters, incubator and
training facilities projects are huge.
New housing being built in the
Sibley Building, Midtown Tower,
88 Elm, Chase Tower, Alliance
Building, and Granite Building will
dramatically change downtown’s
center core over the next three to
five years.
What is RDDC Doing?
RDDC us the only entity focused solely on downtown. We
track investment levels and the office and housing markets, and offer
this critical market information to
developers, lenders, appraisers, potential tenants, and media.
We listen to stakeholders and
share the knowledge gained about
downtown issues with elected officials, and public sector leaders.
RDDC markets downtown to the
region and beyond, and maintains
and enhances both the Downtown
and Innovation Zone websites.
Our myriad of Member Briefings, Economic Growth Series
events, festive Urban Nights parties, and shareholder-style Annual
Meetings have become iconic ways
to learn about and celebrate the new
economy.
With the rate of growth accelerating, it is essential to have this single, strong downtown private sector
voice. RDDC’s membership is
growing, with 17 new members this
year confirming the need an RDDC
targeting the needs of the wide variety of users and investors in the
center city.
Heidi Zimmer-Meyer
President
David Beinetti
Chair
RDDC BOARD OF DIRECTORS
2015-2016
CHAIR
David Beinetti, Pr esident & Pr incipal, SWBR Ar chitectur e,
Engineering & Landscape Architecture, P.C.
VICE CHAIRS
John Billone, Jr., Pr esident, Flower City Management
Armand D’Alfonso, Pr es. & CEO, Nothnagle Realtor s
Patrick Dutton, Pr esident, Dutton & Company
Brian Flanagan, Ops. Par tner , Nixon Peabody LLP
Andy Gallina, Pr esident, Gallina Development
Corporation
Ken Glazer, Managing Par tner , Buckingham Pr oper ties
Salvatore LaBella, Founder , LaBella Associates, P.C.
Mary Loewenguth, Executive Dir ector , Monr oe County
Bar Association
Faheem Masood, Pr esident & COO, ESL Feder al Cr edit
Union
Joe Rizzo, Economic Development Manager , Rochester
Gas & Electric Corporation
Deborah M. Stendardi, Vice Pr esident, Gover nment &
Community Relations, Rochester Institute of Technology
Dawn Williams-Fuller, Owner , Ambassador Union
Street LLC
TREASURER
Michele Gibson, Senior Assoc. Dean for Administr ation
& Finance, U of R/Eastman School of Music
SECRETARY
Kate Karl, Par tner , Chair of Banking/Real Estate
Groups, Underberg & Kessler LLP
ADDITIONAL DIRECTORS
Wendy Buchholz, Regional Manager , J ohnson Contr ols,
Rochester Office
Scott Burdett, Vice Pr esident, Mar keting & Br oker age
Services, Flaum Management Company, Inc.
Craig Burton, Fir st Vice Pr esident, Commer cial Real
Estate, First Niagara Bank
John Cake, Ar chitect/Pr incipal, Hunt Engineer s, Ar chitects
& Surveyors
Joe Eddy, VP, Development, WinnDevelopment
Sue Eliaszewskyj, Cor por ate Vice Pr esident, Admin.
Services, Excellus BCBS
Dr. Joel Frater, Executive Dean, MCC Damon City Campus
Pete Giovenco, Chief Oper ating Officer , Ber gmann
Associates
Brie Harrison, CFO, Rochester Public Libr ar y
John Holland, Founder & CEO, D4, LLC
John Manilla, Pr esident, Pyr amid Br oker age Company
Roosevelt Mareus, Dean/Executive Dir ector , Rochester
Educational Opportunity Center
Stuart Mitchell, Pr esident & CEO, PathStone Cor por ation
Kevin Morgan, Vice Pr esident, Mor gan Management
Richard Mueller, Administr ative Vice Pr esident
Commercial Real Estate Finance, M&T Bank
Patrick Rogers, Vice Pr esident, Pike Company, Inc.
Suzanne Seldes, Vice Pr esident for Mar keting &
Communications, The Strong
Mark Stevens, Pr esident, Ashley Management Cor por ation
Dan Wagner, Co-Founder & CEO, CloudSmartz, Inc.
Heidi Zimmer-Meyer, Pr esident, RDDC
2016 RDDC Workplan & Budget
2016 WORKPLAN
2016 BUDGET
2015
BUDGET
2016
BUDGET
$27,684
($8,012)
REVENUE
Membership Dues
Events, Event Sponsorships
Downtown Special Services
Business Improvement District
Downtown Innovation Zone
Communications Program
Grants & Contract Income
Miscellaneous Income
TOTAL REVENUE
$193,000
113,700
110,426
13,750
0
6,388
5,000
11
$442,275
$195,490
108,000
0
0
16,200
3,300
20,000
8
$342,998
EXPENSES
Staff Payroll
Payroll Taxes
Employee Benefits
Technical Services
Rent & Utilities
Equipment & Machines
Telephone, I-Net, Cloud, E-Mail
Office Expenses
Printing & Copying
Postage
Business & Meetings
Dues & Subscriptions
Insurance
Accounting Services
Miscellaneous Expenses
SUBTOTAL, OVERHEAD
$194,992
16,126
26,386
5,000
0
6,600
10,200
1,500
2,000
1,400
1,000
1,200
3,200
6,400
500
$276,504
$199,980
15,798
27,800
6,600
0
7,884
10,200
1,900
2,000
1,400
1,000
500
3,200
6,000
700
$284,962
RDDC Events
Downtown Special Services
Business Improvement District
Downtown Innovation Zone
Communications Program
Grants & Contract Expense
TOTAL EXPENSES
$55,000
71,237
30,000
0
9,200
0
$441,941
$55,000
0
0
500
2,500
0
$342,962
NET REVENUE (EXPENSE)
NET FUNDS (EXPENSE)
$334
$28,018
$36
($7,976)
STRATEGIC ELEMENTS
Market Tracking & Improving Commercial Tenancy
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Grow the value and power of the Downtown Innovation Zone,
build stronger connections, expand partnerships, maximize its
growth and to increase downtown’s commercial occupancy
Track and share multi-year data and trending regarding downtown’s office and residential markets, investment levels, and
development activity
Use market report findings to identify advocacy targets as appropriate
Highlight downtown office towers, non-traditional office
buildings and space, and street-level spaces
Collaborate with business incubators, building owners, and the
City of Rochester to accelerate the growth of downtown retail
and other street-level tenancy
Advocacy & Engagement
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Use convening role to target downtown issues, advocate for
emerging neighborhood-specific issues, and create stronger
linkages with downtown’s neighborhoods
Work with investors and developers to share market information, provide block & tackle problem-solving assistance,
and advocate directly where necessary and appropriate
Support RDDC stakeholders by aggressively advocating for
infrastructure, services, and programs that positively impact
downtown
Continue to explore new ways to collaborate and partner with
the City, and to assure good urban planning and forward momentum throughout downtown
Actively engage on statewide downtown issues with other
downtown organizations through the NYS Urban Council
Promote Downtown
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Continue to leverage RDDC’s aggressive communications
strategy
Continue to work closely and productively with media
Maximize the quality and value of RDDC’s social media vehicles – two downtown websites, Facebook page, “@round
downtown” e-newsletter, and Twitter account
Design and execute an annual program of events that generates
net revenue, higher visibility for RDDC, and features downtown development, lifestyles, business, and commercial space
options
Ensure RDDC’s Long-Term Sustainability
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Complete RDDC conversion to 501(c)(3) corporation
Continue and accelerate RDDC’s aggressive new member
campaign
Explore collaboration and alliance partnership opportunities
with key private sector economic development entities
Explore and secure additional sources of funding (e.g., grants,
sponsorships, contracts for services)
Leverage RDDC’s communications program to increase organizational visibility and impact
CASH CARRYFORWARD
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Engage RDDC growing leadership voice to maximize community influence and on strategic work elements, where appropriate
Expand number and value of member briefings and explore
new ways to engage RDDC members
Continue to use the Economic Growth Series and other public
events to position RDDC as a significant and high-impact
regional economic development and leadership entity
2015 RDDC Highlights
Corporate Structure
Advocacy Activity
RDDC is a private, membership-based,
501(c)(4) not-for-profit corporation.
DOWNTOWN INNOVATION ZONE (DIZ) —
Launched in the Fall of 2014 in a partnership with the
City of Rochester and HTR, RDDC is launching a new
DIZ website and network of communications with the 98
innovation & creative class enterprises downtown.
BOARD OF DIRECTORS
 Responsible for annual corporate management decisions (e.g.,
budget, annual workplan, election of officers), setting corporate
priorities and direction.
 Ad hoc “ task forces” are formed as needed to develop recommendations on particular corporate and policy issues for action
by the Board of Directors.
EXECUTIVE COMMITTEE
 Executive Committee includes the officers of the corporation
and the President — makes decisions and provides guidance on
internal corporate management and interim policy matters.
GOVERNANCE & COMPENSATION COMMITTEE
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Recommends corporate policies and executive compensation
level. Executes annual CEO review.
Downtown Office Space Survey
May 2015
Total Space Surveyed = 110 buildings, 10.7 M. s.f.,
(87.6 % occupied)
Competitive Space = 85 buildings, 6.6 M. s.f.,
(80.0 % occupied)
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Class “A” — 11 buildings, 2.9 M. s.f.,
(75.7 % occupied)
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Class “A/R” — 12 buildings, 572,052 s.f.,
(85.1% occupied)
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Class “B” — 32 buildings, 2.4 M. s.f.,
(82.9 % occupied)
 Non-traditional — 26 buildings, 593,668 s.f.,
(78.1 % occupied)
 Medical — 4 buildings, 158,292 s.f.,
(100 % occupied)
Non-Competitive Space = 25 buildings, 4.0 M. s.f.,
(100 % occupied)
Downtown Websites
BUSINESS IMPROVEMENT DISTRICT (BID) —
After four years of work, a proposed district model was
sent to downtown property owners for feedback in April
2014. The model included advocacy, economic development, street events, and enhanced sidewalk cleaning and
management services. Higher than anticipated cost considerations and other associated issues will not permit the
operation of a BID without the City as the direct service
delivery vehicle. For these primary reasons, the work to
develop a BID for downtown Rochester at this time has
ended.
DOWNTOWN ISSUES — RDDC continues to be engaged in issues ranging from parking, infrastructure improvements, major public project design, public safety,
and the growth of the Downtown Innovation Zone.
STATEWIDE DOWNTOWN ISSUES — RDDC has a
leadership role in the NYS Urban Council, a statewide
organization focused on downtown advocacy, and providing a mechanism to share best practices for successful
downtown development and management.
2014 Housing Market Survey
Existing (2015 Survey is underway)
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www.rochesterdowntown.com
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Downtown’s premier website with searchable web pages
for office space, downtown living options, and market
reports, plus interactive downtown investment map.
www.RocDIZ.com
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Downtown Innovation Zone — being redeveloped to
include downtown living and work spaces, connections
to venture capital and microloans, and interactive map of
DIZ innovation and creative class enterprises, incubators,
and entrepreneurship support services.
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Total downtown housing units: 3,533
Estimated residents: 6,138
Total owner-occupied units: 135
Total rental units: 3,398
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Market-rate rental units: 2,485
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Subsidized rental units: 913
Vacancy rate for market-rate units: 3.4 %
Vacancy rate for subsidized units: 4.2 %
Number of loft & loft-style units: 563
Rent range, all units: $400 - $2,535
Under Development as of October 2015
 Total # of new rental & for sale housing units
planned or under construction = 1,007
 20 projects in pipeline — 16 loft-style, 16 commercial space conversions, 4 new construction, and 1
major rehab of an existing residential property
2015 RDDC Highlights, cont’d
Economic Growth Series
“VISION~FUTURE” F eaturing County
Executive Maggie Brooks; incoming new
County Executive; and, Mayor Lovely Warren. (Scheduled, 12/15)
“THE NEW FACE OF INNOVATION”
Featured Jim Senall, HTR Business Accelerator Cooperative; Dr. Ryne Raffaelle, RIT
Center for Urban entrepreneurship; Jon
Potte, Dwaiter Design; Latrell Liptrot, Phu
Concepts; Monica Taddeo, VisualDx; and,
Kyle Psaty, Brand Networks. (10/15)
“THE STATE OF ROCHESTER’S ECONOMY” F eatured Gary Keith, M&T Bank;
Mark Peterson, GRE; Dr. Rob Clark, U of R;
and Dr. Leonard Brock, Anti-Poverty Initiative. (9/15)
“DOWNTOWN RISING, 2015” F eatured
the 88 Elm & 50 Chestnut Street Projects,
Tom Masaschi, DHD Ventures; Chase Tower Project, Andy Gallina, Gallina Development Corporation; Geva Theatre Center Project, Tom Parrish, Geva theatre; 2015 Twilight Criterium, Scott Page, Full Moon Vista
Bike & Sport; and the Main Street Improvement Project, Jim McIntosh, City of Rochester. (5/15)
Community Impact
REPRESENTATION — Finger Lakes Regional Economic Development Council
(Community Development and Entrepreneurship
& Innovation Workgroups); City Parking Advisory Committee; City Office of Innovation &
Strategic Initiatives Committee; The Community
Foundation; Rochester Riverside Convention
Center Management Board; NYS Urban Council
DOWNTOWN ASSOCIATIONS — Work
with and occasionally attend association meetings
in High Falls, East End/Upper East End
&Washington Square
EXTENSIVE MEDIA COVERAGE & FREQUENT PUBLIC SPEAKING — On downtown development and related topics
2015 RDDC MEMBERS
AIA — Rochester
Ajay Glass *
Allpro Parking LLC
Ambassador Union
Street LLC
Ashley Management
Corporation
Benderson Development Co., LLC
Bergmann Associates
Broadstone Real
Estate, LLC
Bruckner, Tillett, Rossi,
Cahill & Associates
Buckingham Properties
CB Richard Ellis
CGI Communications
C&S Companies
The Cabot Group
Canandaigua National
Bank & Trust
Catholic Family Center
Chaintreuil/Jensen/
Stark Architects LLP
Chamberlain, D’Amanda
City Newspaper
Clark Patterson Lee
CloudSmartz, Inc.
The College at
Brockport
The Community
Foundation
Community Preservation
Corporation
Costanza Enterprises
D4, LLC
Democrat and Chronicle
DiMarco Constructors,
LLC
Dryvit/Thermal Foams *
Dutton & Company
ESL Federal Credit Union
Eastman School of Music/
U of R
Excellus BCBS
Rochester Region
First Niagara Bank
Flaum Management
Company, Inc.
Flower City Management,
Inc.
Foundation Design, P.C.
Gallina Development
Corporation
Galvin Realty Group
Gar Lowenguth, Inc.
Geva Theatre Center
Greater Roch. Assoc.
of REALTORS®, Inc.
Greater Rochester
Enterprise
Hamilton Stern
Construction
Harris Beach PLLC *
Harter Secrest &
Emery, LLP
Hart’s Local Grocers *
Hilton Garden Inn *
David Hochstein
Memorial Music
School
Home Leasing *
Home Properties, Inc.
Hunt Engineers,
Architects & Land
Surveyors
Hyatt Regency Rochester
I. Gordon Corporation
Johnson Controls *
Jos. A. Floreano Rochester
Riverside Conv. Center
L&W Supply *
LaBella Associates
Landmark Society of
Western New York *
LeChase Construction
Services LLC
Lifetime Financial Group *
M/E Engineering P.C.
M&T Bank
Mark IV Enterprises
Max Rochester
MCC-Damon City
Campus
McConville, Considine,
Cooman & Morin, P.C.
Monroe County Bar
Association
Morgan Management *
Nixon Peabody LLP
Norry Management
Corp.
Nothnagle Realtors
Parry Building LLC
Passero Associates, P.C.
PathStone Corporation
Philippone Associates
Phillips Lytle LLP
The Pike Company, Inc.
Pyramid Brokerage
Company
Radisson Hotel
Riverside Rochester
Rent Rochester Inc.
Rochester Building
Trades Council
Rochester Business
Alliance
Rochester District
Heating Coop., Inc.
Rochester Educational
Opportunity Center
Rochester Gas &
Electric Corp.
Rochester Institute of
Technology
Rochester Philharmonic
Orchestra
Rochester Public
Library System
Rochester Red Wings
Rochester’s Cornerstone
Group, Ltd.
Rynne, Murphy &
Associates, Inc.
S&T Bank *
SEI Design Group *
SWBR Architects &
Engineers, P.C.
St. Mary’s Church
Spoleta Development
Stantec Consulting
Stern Properties
Stewart Title Insurance
Company
Studio E *
The Strong
T.Y. Lin International
Thomson Reuters
Traikos Development,
LLC
Underberg & Kessler, LLC
Vargas Associates, Inc.
VisitRochester
Webster Properties, LLC
Wendel Companies *
Westminster Consulting,
LLC *
WinnDevelopment
Woods, Oviatt, Gilman
LLP
YMCA of Greater
Rochester
* (New 2015 member)