by Luke Jones
Posted 3/26/2012 01:23 pm
Updated 11 months ago
Windstream Corp. of Little Rock on Monday announced the groundbreaking for a 335-employee facility in Rochester, N.Y., expected to be completed next summer.
Paetec Holding Corp. of Fairport, N.Y., had planned to use the 8.6-acre plot in downtown Rochester - formerly occupied by Midtown Tower, an old shopping mall - as a headquarters. In August, Windstream's $2.3 billion purchase of Paetec threw the project into limbo.
Windstream President and CEO Jeff Gardner announced in November that the project would continue once the acquisition of Paetec was complete. Gardner said Windstream would commit to a 15-year lease of 67,000 SF of office space in the building beginning no later than August 2013.
"Rochester is a wonderful city with a bright future," Gardner said in a release. "Windstream chose to retain a significant presence here because it is home to a large number of tremendously talented information technology and telecommunications professionals.
"I expect those professionals to help us grow our business for years to come, and look forward to Windstream having a long and productive role as a good corporate citizen of Rochester and the greater Rochester area."
The building itself will be constructed by The Pike Co. of Rochester and will be 109,000 SF. Most of the $122 million demolition and building process was funded by grants, with Pike investing $19 million for the actual construction.
"It took an enormous amount of work by so many people to get to this point, and there is a lot of work left to do," said Rochester Mayor Thomas Richards in the release. "We are basically writing a new chapter in Rochester's history. I speak for every person who has worked on this project when I say that we are honored to have been given a role in the historic revitalization of downtown, and we are all looking at this as the rebirth of Midtown."
An animated computer rendering of the plan for the Midtown development: