Empire State Development meetings
Find meeting notices, agendas, and materials related to key New York State development projects and initiatives.
All
Board Meetings
Filter Options
Close
1314
items
Press Release
Monday, July 24, 2017 - 1:15pm
Investment Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy
Empire State Development (ESD) today announced the official grand opening for the 21-acre, mixed-use development project known as Pinnacle North in Ontario County. The undertaking has transformed the North Shore of Canandaigua Lake into a hub of economic revitalization, establishing the area as a premier destination for living, recreation and tourism. The overall plan includes 450 one- and two- bedroom lakefront residences; as well as restaurants, retail space and designed outdoor environments for public use and enjoyment. The total project cost is $120 million.
Empire State Development President, CEO & Commissioner Howard Zemsky said, “This is a truly transformative project, along beautiful Canandaigua Lake, that will draw residents and businesses to the area as the Finger Lakes region continues to move forward.”
The Pinnacle North community was built in an extraordinary location and offers access to shopping, dining and recreation. In addition to the residences, Pinnacle North includes several commercial occupants. Some, like Icon Salon & Spa, are in the process of build-out. Abbott’s Frozen Custard and Young Lion Brewing Company are already both open for business.
Bill Goodrich CEO & Managing Partner for LeChase Construction Services said, “We are very excited to have been able to partner with state and local officials to make Pinnacle North a reality. The Northshore of Canandaigua Lake is now home to the long-term vision of the region–a living community that everyone can enjoy."
Bob Morgan, Managing Member & CEO of Morgan Management said, "The interest we have seen in this development on both the commercial and residential side has been very promising. With tenants like Young Lion, Abbott’s Frozen Custard and Icon Salon & Spa, the entire community will be able to enjoy the north-end of Canandaigua Lake. I look forward to the continued expansion of both residential and commercial tenants to develop the area further."
The project was able to move ahead, thanks in large part to environmental cleanup efforts by the developer that were completed in January as part of the state’s Brownfield Cleanup Program. The cleanup consisted of the excavation and disposal of contaminated soil and the installation of utility trench plugs to prevent any further issues.
Empire State Development is providing up to $2 million through a capital development grant that will support the next phase of the project which will include additional one-and two-bedroom units, a community building with pool as well as additional commercial space. Construction on this portion of the project is expected to begin this fall and should take approximately 24-26 months to complete. The total project cost for this phase totals $38 million and overall state investment in the project totals $6 million.
FLREDC Co-Chair and Wegmans Food Markets Chairman Danny Wegman and Monroe Community College President Anne Kress said, “This forward-thinking project along the Canandaigua Lake Shore is already having an economic impact on both Canandaigua and the Finger Lakes region as a whole. This project goes a long way in furthering the reputation of the region as an exceptional place to live, work and play as we continue our work moving the Finger Lakes Forward.”.
State Senator Pamela Helming said, "The Pinnacle North development project is evidence of the growing focus and investment that we are seeing throughout the Finger Lakes region. The combination of residential and commercial space offers residents and visitors alike an exclusive destination for dining, living, and shopping. More and more, private-public partnerships are helping to grow our local and regional economy, and serve as a catalyst to attract new businesses and visitors to places like Canandaigua.”
State Assembly Minority Leader Brian Kolb said, “This incredible project will make our community a more attractive tourist destination, provide a diverse array of commercial and residential options for natives and add to the natural beauty of Ontario County. The economic activity and revenue generated from this mixed-use development will be a tremendous asset to the Finger Lakes region. I want to thank all of those involved in the planning and execution of Pinnacle North. I am excited for the project’s completion and look forward to taking advantage of all the great options it will offer.”
Canandaigua Mayor Ellen Polimeni said, “Pinnacle North is a wonderful example of what can result when those involved in state and local government partner with developers to address areas facing environmental issues and challenges. This new residential area brings a vibrancy to the lakefront as it melds residential and retail use. Residents and visitors have an opportunity to enjoy our beautiful resource, Canandaigua Lake, as they stroll the park, visit restaurants or shop in commercial areas.”
For more about Pinnacle North click here.
About Morgan Management, LLC (www.morganmanagement.com)
Morgan Management, LLC has owned and operated a residential and commercial real estate portfolio since 1976. Morgan started in the Manufactured Home Communities market and now the real estate portfolio includes residential apartment communities, self-storage facilities, commercial office buildings and shopping plazas. With strong real estate principals and extensive experience in the ownership and management of high quality residential communities, today Morgan Management owns and manages more than 24,000 apartments along the East Coast and throughout the Midwest.
About LeChase Construction Services, LLC (www.lechase.com)
LeChase Construction, established in 1944, is a full-service construction management and general construction firm with extensive experience in a broad range of industry sectors. Widely recognized for its commitment to quality, innovation and safety, LeChase prides itself on ensuring its core values resonate from its corporate offices to each of its jobsites. LeChase has strategic alliances, mobile job teams and operational support, enabling the company to provide local delivery and meet the unique needs of its clients no matter where they are located.
Accelerating Finger Lakes Forward
Today’s announcement complements “Finger Lakes Forward,” the region’s comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $3.4 billion in the region since 2012 to lay the groundwork for the plan – investing in key industries including photonics, agriculture and food production, and advanced manufacturing. Today, unemployment is down to the lowest levels since before the Great Recession; personal and corporate income taxes are down; and businesses are choosing places like Rochester, Batavia and Canandaigua as a destination to grow and invest in.
Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State’s $500 million investment will incentivize private business to invest well over $2.5 billion – and the region’s plan, as submitted, projects up to 8,200 new jobs. More information is available here.
Contact:
Shari Voorhees-Vincent | Shari.Voorhees-Vincent@esd.ny.gov | (585) 399-7055
Press Office | pressoffice@esd.ny.gov | (800) 260-7313
Report
Monday, July 24, 2017 - 10:57am
Quarterly Status Report - First Quarter of Fiscal Year 2017-2018
Board Meeting
Thursday, July 20, 2017 - 12:30pm
Press Release
Wednesday, July 19, 2017 - 1:15pm
RFP Available Here
Erie Canal Harbor Development Corporation (ECHDC) today issued a Request for Proposals (RFP) for two parcels of the South Aud Block, which will allow New York State to proceed with the next exciting phase of development at Canalside in Buffalo. ECHDC encourages mixed-use plans that increase and diversify neighborhood offerings, attractions and opportunities. The parcels are located along the canal system at Main Street in the heart of the vibrant Canalside project. The state will enhance the development with approximately $2 million for reconstructed streets and other required infrastructure. Proposals are due to ECHDC by 2 p.m. on October 5, 2017.
“This is an invitation for both small and large developers to create a neighborhood feel at Canalside with restaurants and entertainment venues on the street level and residential on the floors above," said Erie Canal Harbor Development Corporation Chairman Robert Gioia. “It is an exciting time for ECHDC, as the state’s investment to make Canalside a true destination has paid off and we can solicit a variety of private developers to further the success of Canalside.”
The two parcels on the approximately half acre site—located across Main Street from One Canalside and the HarborCenter and adjacent to the popular replica canals and the future Explore & More Children’s Museum—are considered prime downtown parcels due to their proximity to Buffalo’s revitalized waterfront. Last year, more than 1.5 million people visited Canalside. The parcels are bounded on the north by the new canals, on the east by Main Street, on the west by Lloyd Street and the south by Canal Street/Marine Drive. The site is split into two parcels by the former Prime Slip right-of-way and proposals will be considered for the use and redevelopment of one or both parcels.
The RFP seeks mixed-use proposals from large and small experienced real estate developers for the purchase, long-term lease or a combination thereof, and redevelopment of the parcel(s) of land in accordance with the overall Canalside Modified General Project Plan (MGPP). New York State will accept any and all development proposals for uses and activities at the property, although retail/restaurant is envisioned on the tow path/at-grade level, with residential and office space on upper floors of the building. ECHDC has a preference for locally-owned and operated retail and restaurants as opposed to national chain operations. New York State Brownfield Tax Credits will also be available to the developer.
The RFP permits a variety of proposed land uses, though proposals are required to include certain design features, such as reconstructed streets, heated sidewalks, Interpretive Prime Slip and canal lighting, which will be completed by the designated developer, as approved by ECHDC. ECHDC will provide approximately $2 million for the capital construction of these required features.
About Canalside
Canalside is a growing regional destination and entertainment district, situated on 21 historic acres along downtown Buffalo’s emerging waterfront on the Buffalo River. Canalside earns its name from its storied past, when the Erie Canal Harbor was built in 1825 as the western terminus of the Erie Canal. Until five years ago, the land was barren and inaccessible, but the area has been reclaimed by the state’s Erie Canal Harbor Development Corp. and developed with millions of dollars in public and private investment. With more than 1,000 yearly events and 1.5 million annual visitors, Canalside is fast becoming the go-to place for in- and out-of-towners of all ages to learn, play and relax.
About Erie Canal Harbor Development Corporation
A nine-member board consisting of seven voting directors and two non-voting, ex-officio directors governs the Erie Canal Harbor Development Corp. The seven voting directors are recommended by the New York state governor and are appointed by the New York State Urban Development Corporation d/b/a Empire State Development as sole shareholder of ECHDC. The Erie County executive and the City of Buffalo mayor hold the two non-voting, ex-officio director positions. For more information on ECHDC, visit www.eriecanalharbor.com.
Contact:
Pamm Lent (Governor’s Office) | pamm.lent@esd.ny.gov | (716) 846-8309
Public Notice
Tuesday, July 18, 2017 - 3:30pm
Press Release
Tuesday, July 18, 2017 - 2:00pm
Investment Complements "Finger Lakes Forward" - the Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy
Governor Andrew M. Cuomo today announced the expansion of eHealth Technologies in Henrietta, Monroe County. The renowned healthcare data software firm expects to create up to 160 new full-time positions and retain another 215 positions. The company is also expanding its current facility on Thruway Park Drive by 12,000-square-feet, with the project expected to be completed by September.
"The progress we have seen across upstate New York is undeniable and eHealth Technologies' continued investment in the region is yet another clear signal the Finger Lakes is moving forward," Governor Cuomo said. "eHealth has a very bright future in the region and we are proud to partner with them to ensure they continue to call New York home. By working to create jobs and strengthen our local economies, we are setting generations of New Yorkers up for success."
Read the press release here.
Press Release
Tuesday, July 18, 2017 - 1:29pm
$42 Million Project will Transform Property into Upscale Hotel - Renderings Here
Governor Andrew M. Cuomo today announced Brine Wells Development LLC has been chosen as the developer for the restoration of the historic Hotel Niagara in downtown Niagara Falls, New York. The Hotel Niagara is the oldest standing hotel in Niagara Falls and retains much of the architectural integrity that once made it an iconic piece of the city's skyline. The approximately $42 million project will utilize historic preservation tax credits to transform the property into a full-service, 130-room upscale hotel with restaurants, lounges and banquet facilities. The USA Niagara Development Corporation, a subsidiary of Empire State Development, officially selected Brine Wells Development at its Board of Directors meeting this morning. The property is expected to re-open in spring 2019. Renderings are available here.
"Our strategic investments, from parks to infrastructure to the hotel and hospitality industry, are reinvigorating tourism in Niagara Falls, and the return of the Hotel Niagara is the crown jewel of this revival," Governor Cuomo said. "Across the state, we are driving regional economic growth by investing in the unique strengths of each community, and today we continue to move Western New York forward."
Read the full press release here.