A condominium development with 42 residences is planned for downtown Rochester on the site of the two- and three-story historic Rochester Elevator Co. grain elevator building.
As a result of the nearly $20 million planned project, the 136-year-old building could be moved across the street from its current location at 412 Water St. to a municipal parking lot or another location within the city, or disassembled and then reassembled in the city’s municipal park.
The developers behind the three-building project — Joe Salome, president of Sterling Heights-based Grandview Construction Inc. and Tony Ferlito, president of Detroit-based The Ferlito Group — have been discussing their plans with the Rochester Planning Commission and Rochester City Council in recent weeks.
“We are hoping to get some feedback from the city on where a suitable location might be and then we can make more concrete plans about getting it there,” Salome said.
An Aug. 4 memo from Nik Banda, deputy city manager and economic and community development director to City Manager Blaine Wing says that the developers would pay for disassembling the building, which is owned by Lawrence Smith.
They would also provide at least some of the cost of reassembling it, wherever the city decides is the best location.
The city would have to store the building until reconstruction funds are available.
To read the full article visit Crain’s Detroit Business
