The City of Rochester is seeking proposals to develop two vacant city-owned parcels along Science Parkway into a site for industrial, research, manufacturing or office uses.
The parcels, 250 and 330 Science Parkway, are located in the Science Park, developed as a “high technology campus” in the 1990s. The sites are served by utilities and feature curbing, sidewalk and other street improvements.
The parcel at 250 Science Parkway is 3.74 acres with an appraised value of $280,000. The parcel at 330 Science Parkway is 5.52 acres with an appraised value of $390,000.
The city’s comprehensive plan supports development of the sites for industrial uses like research, high-technology and manufacturing firms, with screening and property maintenance reflecting the nearby residential and mixed-use areas. But the request for proposals also notes nearby developments such as City Gate and College Town, as well as the parcels’ proximity to medical facilities.
Proposals must comply with the existing zoning, which is the Science Park Planned Development District. Those uses include research (pharmaceuticals, nanotechnology, biosecurity and more), medical offices, light manufacturing (such as photonics, fuel cell components or communications equipment), and professional offices. Other tenants of the park include Trillium Health, General Electric-Microwave Data Systems, Mastodon Design and University of Rochester.
The city will give preference to projects that are fully taxable and have the least reliance on public funds. The criteria the projects will be judged on includes quality of the plans, compatibility with the market and market potential in the area, financing, experience of the developer and project schedule – with a desired two-year completion date.
More information can be found in the request for proposals, located on the city’s website.
This article originally appeared on Rochester Democrat and Chronicle: Rochester seeks developers for last vacant Science Park sites
Reporting by Steve Howe, Rochester Democrat and Chronicle / Rochester Democrat and Chronicle
USA TODAY Network via Reuters Connect
By Steve Howe, Rochester Democrat and Chronicle | USA TODAY Network
