A dream turned reality celebrated at Pinnacle North – Daily Messenger – mpnnow.com

A dream turned reality celebrated at Pinnacle North

by: Denise Champagne

Assemblyman Kolb at the Canandaigua development: “If you build it, they will come”

CANANDAIGUA — The movie “Field of Dreams,” was on the mind of Assembly Minority Leader Brian Kolb this weekend as he thought about the Pinnacle North project and what it will become.

At the ribbon cutting Monday, Kolb drew an analogy from the movie, paraphrasing the film’s most famous line of dialogue and telling a large group of developers, civic leaders, staff and community members, “If you build it, they will come.”

Kolb noted the film’s Ray Kinsella (Kevin Costner), an Iowa farmer who heard voices telling him to build a baseball diamond in his corn field, also had a lot of naysayers — but like the people involved in the Pinnacle North project, he took his vision from a dream to reality.

“It’s teamwork, and the best is yet to come,” Kolb said, standing beneath a large white tent behind the newly opened Young Lion Brewing Co. “This is just the beginning. It’s just been very rewarding for me to play a small part with all the partners involved in this project.”

The multi-phase, mixed-use project is being designed and developed by Morgan-LeChase Development LLC, a joint venture between Morgan Management LLC and LeChase Construction Services LLC formed in 2013 when plans were first announced to develop a 21-acre parcel on the north side of Lakeshore Drive, across from Kershaw Park.

The first phase includes luxury living quarters at Pinnacle North Apartments, which people started moving into in March; Young Lion Brewing Co., which opened last month; Abbott’s Frozen Custard, which opened Memorial Day; and the soon-to-open restaurant of Three Brothers Winery & Estates.

Reflecting on a rainy weekend, former state Senator Michael Nozzolio, who worked with developers and civic leaders from the project’s inception, said he thought Kolb came up with a great metaphor and joked he was worried he might have used Noah’s Ark.

Nozzolio, who did not seek re-election last November, said working with people on projects is what he misses most about no longer being in the state Senate.

“The Finger Lakes is not just a great place to visit,” he said. “It’s a wonderful place to live, it’s a wonderful place to work and it’s a wonderful place to raise your family.”

Click here to read more…

Housing market remains steady here, area experts say – rbj.net

Housing market remains steady here, area experts say

by: Kerry Feltner

The housing market in Rochester remains steady with increased sales of new homes, home building in demand, and low mortgage rates, officials said Thursday.

But 2017 has presented some challenges to home building—mainly weather.

“We’re status quo,” said Rick Herman, CEO of the Rochester Home Builders’ Association. “The homebuilding industry is active right now, we’re doing very well, we’re seeing increases but our biggest problem right now is getting into the ground, pulling permits and staying dry.”

The Rochester Home Builders’ Association has reported increases in building permit applications during the first half of 2017.

Total building permits for Monroe, Ontario and Wayne counties were similar to the first half of 2016 with 344 single-family homes and 212 multi-family homes.

Ontario County had a small decrease to 132 building permits and Wayne County also had a slight decrease to 27 total permits, according to officials.

“It’s kind of a catch-22 system that we’re in: low inventory, which is always good for new construction, but then the weather and somewhat of a labor shortage,” Herman said. “There was so much pent-up demand on housing and so much that was going on in the markets after the recession that things are really starting to boom.”

Some hotspots for building locally include areas of the city that are being looked at for redevelopment and in the suburbs of Penfield, Perinton, Pittsford, Victor, Canandaigua, Farmington, Ogden, Parma and Webster, according to Herman. In comparison, areas that are not as active in building currently are around Gates and Irondequoit.

The earlier predictions for 2017 are largely panning out.

“We projected earlier in the year that 2017 would be similar to 2016 and I think with only a couple of permits being ahead of the game that just proves that we guessed right,” Herman said. “You never know—we don’t have a crystal ball, but we anticipate the year end will be pretty similar to 2016 and when we look at 2017 and then we see a little bit further of an increase in 2018.”

Issues for builders include a labor shortage—in the hundreds locally—for framers and masons. Compared to national rates, Rochester looks good in that regard, Herman says.

“I think we’re doing better than nationally,” he said. “We always kid about it we’re the steady Eddie of the real estate market and we do well. We’re probably at the hundreds of missing some masons and some framers and that, but you go to a larger metropolitan market and they’re really hurting.”

Sales of new homes gone up throughout the year, officials say. The home improvement and remodeling industry has also seen a strong increase in contracts the last 24 months.

“We have experienced a very active buying and building year,” said Joseph Sortino of Sortino Properties Inc. and chairman of the Rochester Home Builders’ Association in a statement. “Weather is always a factor in new home construction and this year has been a challenge. Unusual amounts of rain have caused re-scheduling of site work which causes delays. The demand from home buyers for newly constructed homes has been very strong again this year.”

Home buying and building is in demand; there are higher sales prices and homes for sale are receiving multiple offers. The trend is expected to continue due to the creation of more jobs and low mortgage rates, officials say.

Buyers are also open to more options.

“Buyers are becoming more competitive,” said Linda Wilson, president of the Greater Rochester Association of Realtors. “They’re getting preapproved, they know how much they can afford, they’re usually working more with realtors now because realtors can get them in there quickly and they’re being more prepared than ever before.”

Monroe County has a decline in the number of proprieties on the market in relation to last year.

“For the last couple of years we’ve seen historically low and trending down number of homes for sale and that creates lots of competition for the homes that are listed, which is an inhibitor to people actually getting into a home,” said Jim Yockel, CEO of GRAR. “Last year a lot of buyers became frustrated and just left the market completely.  (They) came back in the spring and it was just a super competitive market again.

“There are plenty of qualified, interested, anxious buyers who just can’t find a house that’s available,” he added.

Regional markets have had sales increases year-over-year.

  • Wayne (+4.5 percent)
  • Genesee (+12 percent)
  • Allegany (+52.4 percent)
  • Steuben Counties (+15.7 percent)

There were 1,597 houses available during the 2017 second quarter in Monroe County—down 37.5 percent as compared to the same period last year.

Housing market remains steady here, area experts say

Rents are more affordable in Rochester – rbj.net

Rents are more affordable in Rochester

by: Kerry Feltner

Rochester has more affordable rents than other cities across the country, a study by Apartment List Inc. found.

Rent growth here has remained stable in 2017 where other cities  have had increases and a small amount of cities have seen rents decline.

Rochester’s median two-bedroom rent of $920 is below the national average of $1,160, the report found. Nationwide, rents have grown by 2.9 percent over the past year.

While rents in Rochester remained moderately stable this year, other cities saw increases, including Seattle—up by 5.6 percent; Phoenix, up by 5 percent; and Dallas, up by 2.9 percent. Median two-bedroom rents in these cities go for $1,710, $1,020 and $1,110.

San Francisco has a median rent of $3,060—more than three times the price in Rochester.

The full Rent Report on Rochester can be found here.

Rents are more affordable in Rochester

Homeless, 84-year-old war veteran twins helped by Veterans Affairs, donations from community – foxnews.com

Homeless, 84-year-old war veteran twins helped by Veterans Affairs, donations from community

by: Travis Fedschun

Clifford and Gary Koekoek, 84-year-old twins who’ve survived fighting in the jungles of Vietnam and ended up sleeping in their car after a bank foreclosed on their California home, say they’re “grateful” for the outpouring of support they’ve received since their story went national.

Born in the Netherlands, Clifford and Gary grew up under Nazi rule before coming to the U.S., where the brothers worked in Hollywood and then served their new country at war. But the brothers faced a new challenge in October, when they ended up sleeping in their car after a bank foreclosed on their California home.

Since sharing their story with FOX 40 Sacramento, multiple homeless advocate organizations and Veterans Affairs reached out Friday to provide the twins with housing.

“These two gentlemen spent a lot of time out on the street struggling before we were able to make that connection, but we’re glad we were able to make it today,” said Ben Avey with Sacramento Steps Forward, a nonprofit agency with the goal to end homelessness in the region.

In addition to the new outreach, more than 2,500 strangers have also donated money to the brothers through a GoFundMe page, which totaled more than $101,000 as of Sunday.

“It made me proud to be an American citizen, that there are so many good people,” Clifford told FOX 40. In a previous interview, the twin said the situation was “a lot of stress” while holding back tears, adding: “I’d rather go back to the war and get shot at, than this crap.”

Gary said the response to their situation has been “unbelievable.” “I feel grateful,” he said.

Click here to read more…