THE EPICENTER OF DOWNTOWN ROCHESTER S REVITALIZATION

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Griffin Scott
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1 THE EPICENTER OF DOWNTOWN ROCHESTER S REVITALIZATION 280 EAST BROAD STREET ROCHESTER, NEW YORK 14604

2 LIVE. WORK. PLAY. Project Overview Tower280 is a vibrant, mixed-use tower in the heart of downtown Rochester. The surrounding 9-acre site, deemed Midtown Rising, by The City of Rochester, is a one million square foot mixed-use district which serves residents, shoppers and businesses with a wide variety of amenities and entertainment. 181 Contemporary Apartments 90,000 SF of Fully Leased Class A Offi ces on 2 Floors 400 On-Site Offi ce Workers 50,000 SF of Ground Floor Retail 1,700-Car Underground Parking Garage

THE STRONG NATIONAL MUSEUM OF PLAY 550,000+ VISITORS each year P RG&E 565 I-490 50 CHESTNUT STREET 83 Five Star Bank Plaza 1,150 APPELLATE DIVISION COURT 388 88 ELM 36 RIEDMAN TOWER 300 TRIANGLE

400 B Q C M D WOODBURY PLACE 44 LEGACY TOWER 600 CLINTON AVENUE PARCEL 2 MIXED-USE TOWER MAIN STREET CLINTON SQUARE WINDSTREAM 330 A O 1,400 D&C DIGITAL 225 L Sibley Square 168 RIVERS EDGE APARTMENTS

COUNT A. Salvatore s Pizzeria B. Branca C. The Wintergarden Cafe D. Monroe s at One E. Anchor Restaurant Opening 2018 F. Morton s Steakhouse G. Fuego Coffee H. DInosaur BBQ # RESIDENTIAL UNITS I.

3 THE STRONG NATIONAL MUSEUM OF PLAY 550,000+ VISITORS each year P RG&E 565 I CHESTNUT STREET 83 Five Star Bank Plaza 1,150 APPELLATE DIVISION COURT ELM 36 RIEDMAN TOWER 300 TRIANGLE BUILDING City Center LOCATION N K G XEROX SQUARE ESL HEADQUARTERS E 181 1,400 TOWER280 AT MIDTOWN PARCEL 5 GOLISANO PERFORMING ARTS CENTER 3,000-SEATS & MIDTOWN LOFTS ONE EAST AVENUE B Q C M D WOODBURY PLACE 44 LEGACY TOWER 600 CLINTON AVENUE PARCEL 2 MIXED-USE TOWER MAIN STREET CLINTON SQUARE WINDSTREAM 330 A O 1,400 D&C DIGITAL 225 L Sibley Square 168 RIVERS EDGE APARTMENTS THE METROPOLITAN H CENTRAL LIBRARY ALLIANCE BUILDING 130 HILTON GARDEN INN 217 ROOMS J TERMINAL BUILDING 71 COX BUILDING 80 HYATT 338 ROOMS I F GRANITE BUILDING 600 # DAYTIME EMPLOYEE COUNT A. Salvatore s Pizzeria B. Branca C. The Wintergarden Cafe D. Monroe s at One E. Anchor Restaurant Opening 2018 F. Morton s Steakhouse G. Fuego Coffee H. DInosaur BBQ # RESIDENTIAL UNITS I. Starbucks J. Drifter s K. Chestnut Café L. Bar Banam; Barber Shop & Dry Cleaning Drop-Off M. Fitness Center N. Anytime Fitness O. DiPisa Old World Submarines P. East End: Unter Biergarten; Temple Bar & Grill; Salinger s; Dunkin Donuts; Java s; Flour City Station; Bubble Fusion; Stromboli s; The Little Theatre; Orange Glory Cafe; Hart s Local Grocers Q. Cafe SOL & Skyway Nightclub

4 DEMOGRAPHICS While downtown is only 1 square mile, it s population has doubled in the last 15 years to 7,000 today! Rochester Downtown Development Corporation 2015 Demographics 1 Mile 3 Miles 5 Miles Population 21, , ,370 Households 11,215 82, ,516 Average HH Income $39,935 $47,976 $54,942 Daytime Population 60, , ,471 Average Unit Income $145,000+/year

BUILDING MOMENTUM 95+% of 181 Residential

Learning - Cloud-Based Training Designer

Italian Restaurant Open on Ground Floor A

5 BUILDING MOMENTUM 95+% of 181 Residential Units Leased Average Unit Income of $130k 90,000 SF of Office Space Fully Leased Bergmann Associates - Architecture/Engineering Firm DeJoy, Knauf & Blood - CPA Firm Second Avenue Learning - Cloud-Based Training Designer Brand Networks - Marketing Firm Branca Italian Restaurant Open on Ground Floor A G G I U N G. I T A L I I U N P O S T O A T A V O L A A N C U I S I N E.

6 ELM STREET RETAIL A G G I U N G I U N P O S T O A T A V O L A NEED SALON 4,653 SF PEDESTRIAN WALKWAY LEASED OFFICE 13,128 SF E. BROAD STREET 50,000 SF of Ground Floor Retail Minimum Divisible: 4,653 SF Maximum Contiguous: 13,128 SF

Legend PARKING SIBLEY SQUARE MAIN STREET Midtown Parking Garage Entrance On-Street Parking

SQUARE PARCEL #2 BROAD STREET LEGACY TOWER THE GLASS PAVILION XEROX SQUARE CHESTNUT STREET STREET

Street Level Parking Underground Midtown Parking Garage with Direct Access for 1,700 Cars Surface

7 Legend PARKING SIBLEY SQUARE MAIN STREET Midtown Parking Garage Entrance On-Street Parking Available Surface Lot Parking Garage THE METROPOLITAN CLINTON AVENUE THE SENECA BUILDING CLINTON SQUARE PARCEL #2 BROAD STREET LEGACY TOWER THE GLASS PAVILION XEROX SQUARE CHESTNUT STREET STREET FIVE STAR BANK PLAZA COURT STREET 3 CITY CENTER Underground Parking Garage with Direct Access & Street Level Parking Underground Midtown Parking Garage with Direct Access for 1,700 Cars Surface Lot for 35 Cars Plentiful On-Street Parking and Surrounding Parking Garages Free On-Street Parking after 6:00 pm

Crowds flock for food, fun at Midtown Eats by WHAM Thursday, June 1st 2017 Rochester, N.Y. Thursday was a great evening to be out.

Outside Tower280, Midtown Eats kicked off. Vendor tents popped up along the old Midtown site.

There was also live entertainment during dinner hours and free parking in the Midtown garage for the events.

The fi rst run for Midtown Eats was at lunchtime Thursday. Sticky Lips BBQ is one of the vendors at the event.

8 Crowds flock for food, fun at Midtown Eats by WHAM Thursday, June 1st 2017 Rochester, N.Y. Thursday was a great evening to be out. And because it was the fi rst Thursday of the month, local vendors hoped consumers were thinking of downtown Rochester as a destination. Outside Tower280, Midtown Eats kicked off. Vendor tents popped up along the old Midtown site. There were plenty of food, wine and beer vendors - plus bistro tables, encouraging people to sit and stay a while. There was also live entertainment during dinner hours and free parking in the Midtown garage for the events. The idea is to get more people downtown to see all of the changes at the site but also to make it a more vibrant place where people would want to hang out. The fi rst run for Midtown Eats was at lunchtime Thursday. Sticky Lips BBQ is one of the vendors at the event. They said, right out of the gate, there were pretty large crowds. It s just a wonderful afternoon, said June Thousand of Sticky Lips BBQ. Sold a lot of food, a lot of good people. It was nice seeing the community come together, she added. Organizers estimated about 1,500 people attended lunch at the event. Dinner is open through 9 p.m. Thursday. 1,500+ ATTENDANCE EVERY OTHER THURSDAY JUNE - AUGUST 12+ ROTATING RESTAURANTS AT EACH FESTIVAL

9 History Tower280 s rich history begins in 1962, as the fi rst indoor mall in the United States. ABOUT After Midtown Plaza closed in 2008, the majority of the Midtown Block was demolished, with hopes that the area would begin a new chapter for a vibrant, modern, wellutilized Center City. Midtown Tower was left standing a skeleton of steel and brick. Buckingham Properties and Morgan Management acquired the Tower from the City of Rochester and began redevelopment in Plans included a complete rehabilitation of the remaining structure, and a two-story expansion at the base of the Tower to maximize street presence to attract retailers. After two years of construction, Tower280 offi cially opened its doors in February The 17-story mixeduse tower launched the revitalization of Downtown Rochester. Over 95% of the 181 residential units are leased. These apartments feature contemporary fi nishes and beautiful city views. Over 80,000 square feet of Class A offi ce space is 100% leased to on the second and third fl oors. Combined, these fi rms bring over 300 employees to Tower280. An Italian restaurant opened in December 2016 on the ground fl oor. Neighborhood Downtown Rochester is experiencing a renaissance, with Tower280 at the heart of its revitalization. Tower280 transforms the historic site of the nation s fi rst indoor shopping mall into a mixed-use downtown destination. Come visit us, and fi nd yourself at the center of the city experience, surrounded by dining, shopping, and festivals. Each year, thousands of events take place in Downtown Rochester. Live theater, concerts, festivals, museums, and sports venues are all within walking distance of Tower280. When you re hungry, it s easy to satisfy your meal cravings with everything from food trucks to fi ne dining. Prefer to stay in? Enjoy the convenience of a grocery store on the ground fl oor of the Tower. Tower280 is immediately surrounded by over 18,000 workers, with a daytime population of 155,000 within a fi ve minute drive. With easily accessible underground parking, The Tower offers direct access for residents, employees, and visitors. Development Team Tower280 is owned and operated by a joint venture of Buckingham Properties and Morgan Management. Buckingham Properties Founded in 1970, Buckingham Properties controls and manages more than 70 sites which include in excess of 100 buildings with over 10 million square feet of space. Buckingham s diverse portfolio includes high-tech manufacturing facilities, industrial parks, warehouses, retail, offi ce buildings, medical offi ce buildings, apartments, and large-scale land development. Morgan Management Morgan Management has owned and operated a residential and commercial real estate portfolio since Morgan Management started in the Manufactured Home Communities market and now their real estate portfolio includes apartment communities with over 20,000 units, commercial, retail, self storage, offi ce, medical offi ce and mixed-use space.

10 Retail Leasing Information Courtney Janto, Buckingham Properties (585)

100 CHESTNUT STREET :: ROCHESTER, NEW YORK

100 CHESTNUT STREET :: ROCHESTER, NEW YORK 14604 PROPERTY INTRODUCTION THE BEST VIEWS AVAILABLE IN THE CITY View from upper floors. Five Star Bank Plaza is one of the most recognizable buildings on the