Construction has started on the Sibley Building, the first visible sign of the new owner's plans to remake the Rochester icon.
Fencing surrounds the Main Street facade. The building is getting new windows. There will also be flags and awnings. It will look like it did more than 50 years ago, said Joe Eddy, Vice-President of WinnDevelopment, the Boston company that owns Sibley.
Winn plans to spend $200 million over the next decade on revitalizing Sibley. The company has already spent several million dollars on infrastructure improvements.
Next year, construction will start on the housing component of Sibley, which has more than 1 million square feet. There will be 91 affordable units for senior citizens and 106 market rate units.
"We're going to try to hit the top of the market. These are going to units on the 9th, 10th, 11th, 12th floors. They're going to have beautiful views, beautiful views of downtown. On a clear day you can actually see the space needle in Toronto. I think they're going to be really special units," Eddy said.
Winn still hopes it can change Monroe Community College's mind about moving to the Kodak complex on State St.
Winn eventually hopes to attract retail and restaurants to Sibley. There's talk of a farmer's market at the Liberty Pole next year.
"I think everything is changing downtown," Eddy said.
To watch Eddy's interview on News 8 First at 4, click on the video above.
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