Publised May 11, 2009, in the Rochester Business Journal By Nate Dougherty
PathStone Corp. held a ceremony Friday for the opening of the $64 million Andrews Terrace Apartments, the largest project in the non-profit’s history.
The hi-rise building in provides 526 units of affordable housing for seniors and people with disabilities. PathStone restored the apartment complex, including linking two buildings, upgrading interiors of all apartments and adding resident amenities such as a hair salon and doctor’s office, a landscaped garden and terrace and food distribution areas.
Located at 125 St. Paul St., Andrews Terrace was originally Crossroads Apartments when built in the early 1970s. Built by Wilmorite Management Group LLC, Crossroads was envisioned as market-rate rental housing overlooking Rochester’s Genesee River. During the recession of the mid-1970s, the space was converted to affordable housing for senior citizens. It was sold to PathStone in 1994.
With the need for significant rehabilitation work looming, PathStone officials chose to do the work rather than sell it back to Wilmorite for $2 million. Officials noted a sale could have endangered the building’s ability to continue service elderly and disabled tenants.
“We couldn’t just walk away,” said Stuart Mitchell, PathStone president and CEO. “This is a unique community resource, well over 500 units of subsidized housing. There’s nothing like it in Rochester. We understood the critical need to preserve and enhance housing that would be safe, decent and affordable for seniors and people with disabilities.”
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