WinnDevelopment Opens $29M NY Senior Housing
- May 31, 2018
WinnDevelopment has completed The Landmark at Sibley Square, an affordable senior housing community in Rochester, N.Y. The $28.5 million project broke ground in July 2016 and move-ins began in January of this year. The property occupies the seventh and eighth floors of Sibley Tower, a 1.1 million-square-foot mixed-use project.
Located at 250 E. Main St., the pet-friendly community offers 72 one- and two-bedroom units, serving residents that meet 50 to 90 percent of the area median income. The property is currently 60 percent occupied and was designed to meet Enterprise Green Community standards, in which the apartments use less energy and water than typical construction. Other energy-efficient features include the use of LED lighting, energy efficient ventilation, low-flow plumbing and Energy Star appliances. The units also offer panoramic views, wood-style plank flooring, oversized windows, modern hardware and fixtures, warm-toned cabinetry, open concept layouts, vaulted ceilings, walk-in closets and centrally located laundry rooms on each floor. Residents have access to community features including:
- 24-hour fitness center
- community lounge with catering
- kitchen and dining room
- package acceptance service
- Zagster bicycle hub
- on-site dental office
- gaming room
- Wi-Fi lounge
“With the opening of The Landmark, which provides the highest quality living experience for active seniors right downtown, we have taken another big step toward establishing Sibley’s legacy as the destination for all people to work, play and live in Rochester,” said Gilbert Winn, chief executive officer at WinnCos. “Sibley Square represents a national model for a high-impact, mixed-use downtown redevelopment. What we have accomplished would not have been possible without the faith and support of the public, private and non-profit partners who have been willing to share the risk with us and help downtown Rochester reclaim its potential. The transformation continues.”
Sibley Square redevelopment
The Sibley building in downtown was the former flagship location of the Sibley’s department store. Once the largest retail destination between New York City and Chicago, the retail chain closed its doors in 1989. WinnCos. acquired the property in 2013, launching a $200 million revitalization plan of the building to convert it to Sibley Square. This development is the company’s largest preservation and adaptive reuse project to date, transforming the property into a mixed-income, mixed-use project that will offer commercial, residential, educational and recreational uses.
The completed redevelopment will house 104 market-rate apartments, 72 affordable senior units and more than 500,000 square feet of commercial space that will include a first floor food hall. Sibley Square is also home to the headquarters of NextCorps, a high-tech business incubator offering co-working space, traditional office space, state-of-the-art labs, conference rooms, a 3D prototyping lab, auditorium and a 10,000-square-foot green rooftop.
Images courtesy of WinnDevelopment