Snipd - Restaurants, housing on drawing board for 19th Ward hub | democratandchronicle.com

View: Discussions (0) Snips (3) Discovered by John Lam

Snips

Minneapolis developer Ron Christenson — whose Christenson Corp. put up both 910 Genesee St. and the neighboring Staybridge Suites hotel at 1000 Genesee St. — hopes within weeks to have an agreement signed with a restaurant that would have his firm building that 5,900-square-foot restaurant site and potentially housing above it.



 
 
 That housing would be in addition to condominiums that Christenson Corp. is planning for nearby land along the Genesee River.




 Construction on that condo project, with housing ranging from $180,000 to $250,000, could start late next year, the developer said.
 
 


 
 
 Christenson estimated the hotel and office building projects represent $20 million in investment thus far, with the restaurant and condos projects carrying a possible $15 million price tag.

Snipd by jlam at http://snipd.com/view_comments/24391/jlam
View my Snips: http://snipd.com/jlam
<h5>
 Hope for Mt. Hope
</h5>

 The global recession has slowed the University of Rochester's plans to redevelop a swath of Mt. Hope Avenue for student-oriented businesses. Ronald Paprocki, UR's chief financial officer, said the university had hoped this year to issue requests for proposals to various developers for land it owns on Mt. Hope south of Elmwood Avenue, including the parking lot that UR built after demolishing the closed Mt. Hope Wegmans Food Markets store. Instead, the university in the next few weeks will come out with requests for qualifications as it seeks to create a list of developers around the nation able and potentially interested in the redevelopment project, Paprocki said. UR then will discuss potential redevelopment options with those developers, he said.

Snipd by jlam at http://snipd.com/view_comments/24391/jlam
View my Snips: http://snipd.com/jlam

I just Snipd something for you at http://snipd.com/view_comments/24391/

Snipd by John Lam 1 year, 1 month ago [ reply or start a discussion ]

That housing would be in addition to condominiums that Christenson Corp. is planning for nearby land along the Genesee River.

Construction on that condo project, with housing ranging from $180,000 to $250,000, could start late next year, the developer said.

Christenson estimated the hotel and office building projects represent $20 million in investment thus far, with the restaurant and condos projects carrying a possible $15 million price tag.

Hope for Mt. Hope

The global recession has slowed the University of Rochester's plans to redevelop a swath of Mt. Hope Avenue for student-oriented businesses. Ronald Paprocki, UR's chief financial officer, said the university had hoped this year to issue requests for proposals to various developers for land it owns on Mt. Hope south of Elmwood Avenue, including the parking lot that UR built after demolishing the closed Mt. Hope Wegmans Food Markets store. Instead, the university in the next few weeks will come out with requests for qualifications as it seeks to create a list of developers around the nation able and potentially interested in the redevelopment project, Paprocki said. UR then will discuss potential redevelopment options with those developers, he said.