by Luke Jones
Posted 11/14/2011 10:37 am
Updated 11 months ago
Windstream Corp. of Little Rock announced Monday it would open a 335-employee office at the Midtown Project site in Rochester, N.Y.
Paetec Holding Corp. of Fairport, N.Y., had planned to use the 8.6-acre plot in downtown Rochester - currently occupied by an old shopping mall undergoing a $60 million demolition - as a headquarters. Paetec has around 900 employees in the Rochester area.
Windstream President and CEO Jeff Gardner said Monday the project will continue once the acquisition of Paetec is complete. Gardner said Windstream will commit to a 15-year lease of 67,000 SF of office space in the building beginning no later than August 2013.
"As we have said consistently since the Paetec acquisition was announced in August, Windstream intends to maintain a significant presence in the Rochester area for a long time," Gardner said in a news release.
"We have been engaged in a time-consuming and detailed analysis of our facility needs in Rochester, and I am pleased that we can be part of revitalizing the city's core. We look forward to obtaining the necessary regulatory approvals and closing the transaction before the end of the year."
Windstream also plans to maintain an office at Paetec's headquarters in Fairport.
Additionally, Windstream announced it would donate $100,000 towards the renovation of Rochester's David F. Gantt Community Center. The donation will also fund a new computer lab in the center.
After Windstream's announcement, the City of Rochester withdrew its opposition to the merger.