The parking garage and three office buildings will stay and be renovated. MVP Health Care (formerly Preferred Care) moved their corporate headquarters from the Monroe Square building to one of the renovated buildings at 220 Alexander Street. The remaining parts of the seven-acre site will be used for future development. Office space on the corner of Monroe and Alexander was completed in 2011, with EarthLink now occupying the top floors. A Jimmy John's moved into the ground floor in September 2013. There is an attached parking garage.
A location of Canandaigua National Bank & Trust was also installed as a free-standing building.
A mix of residential and retail is planned for the larger, northern part of the property along Alexander and Tracy Streets. Demolition of buildings not in the plan has started, including the building that housed the Raj Mahal restaurant.
The land is now owned and the project is headed by Buckingham Properties, whose previous projects include the renovation of the old Artcraft Optical building on Allen Street downtown, which is now Buckingham Commons.
In November 2013 Governor Cuomo announced that the Finger Lakes Business Accelerator Cooperative, an effort to create a regional hub for start-up companies, had finally gotten underway with four sites in Monroe, Livingston and Genesee counties. Regional development group High Tech Rochester is spearheading the project locally in collaboration with Buckingham Properties to build a 100,000 square-foot, $20 million facility at Alexander Park.1
Major construction is scheduled to begin in Spring 2015. The entire development process will take about five years.
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