"I commend Fairmount Properties and Gilbane Development for their tremendous effort in bringing this project to fruition. With College Town, we are harnessing the economic development might of Rochester’s largest employer to turn 14 aces of dilapidated land into a showcase of shops, restaurants, offices and apartments."

Charles Schumer, US Senator, New York

Through a design-build-finance-operate-maintain (DBFOM) public private partnership, Gilbane Development Company and their partner redeveloped a 14-acre “Gateway” site at the front door to The University of Rochester’s 534-acre campus and immediately adjacent to its Medical Center, anchored by the 739-bed Strong Memorial Hospital. This transformational pedestrian-scaled district includes over 125,000 SF of street-level retail, featuring a two-level 20,000 SF Barnes & Noble Bookstore and a 136-room Hilton Garden Inn Hotel and Conference Center. College Town also features 50,000 SF of new Class A office space and Mount Hope Lofts, 154 units of residential apartments. Our development team arranged the $92 million financing through a creative capital stack and continues to operate and maintain College Town.