The Destination Medical Center Corporation Board of Directors endorsed last week two projects within the DMC District boundaries—the city's purchase of the historic Chateau Theatre and construction of a 23-story mixed-use tower.
The Chateau Theatre (pictured above) was an iconic fixture of downtown Rochester for nearly 90 years until December of last year, when its latest occupant, a Barnes & Noble bookstore, closed. The downtown landmark has been vacant and unused in the 5 months since.
Exactly what would become of the iconic theater has remained uncertain since the bookstore's departure, although many city leaders had pledged to ensure it remained a public space for all to enjoy. Last week, the city received strong support and encouragement from the DMCC Board to complete the purchase the Chateau.
The $6 million purchase price will be split between cost shifting in the city's 2015 budget and a $500,000 gift from Mayo Clinic. The Rochester City Council already has approved the amount.
Details on the purchase are available from the DMC Blog.
A 23-story, mixed-use tower called “Broadway at Center” has a green light to break ground, after the DMC Corporation Board of Directors approved the $140 million project at its April meeting.
Developer Titan Ventures described the project as “shovel ready”, although no start date has been set. Once underway, Titan expects construction to last two years.
The Hilton hotel portion of the tower is designed to accommodate the unique needs and expectations of a medical clientele, including places for in-building blood draws, accessibility to Mayo Clinic, and rooms with special amenities.
Read more about this project on the DMC Blog.